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Healthcare companies say they are duty-bound to continue supplying drugs, vaccines and medical equipment to Russia, though Western sanctions and other measures have thrown up hurdles. The Ukraine invasion has prompted Western car makers, luxury-good purveyors and other companies to leave Russia. Makers of drugs, vaccines and medical equipment continue to do business, however, saying […]
A Canadian Pacific Railway locomotive pulls a train in Calgary, Alberta, Canada, on Monday, March 22, 2021. Alex Ramadhan | Bloomberg | Getty Images Company: Canadian Pacific (CP) Business: Canadian Pacific owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and […]
Janice Chen (C) and her Mammoth Biosciences co-founders Trevor Martin (L) and Lucas Harrington (R). CRISPR gene editing pioneer and Nobel Prize winner Jennifer Doudna is also a co-founder. Along Highway 101 north of the San Francisco Airport, a break-out biotech start-up named Mammoth Biosciences co-founded by Nathan Chen’s sister Janice in 2018 is fast […]
An aerial shot of the Severn Estuary from 2010. Jamie Cooper | spl | Getty Images An independent commission in the UK is to revisit the possibility of using the Severn Estuary, a large body of water between England and Wales, to harness tidal energy. The commission will be set up by the pan-regional Western […]
RJ Scaringe, Rivian’s CEO, introduces the world to his company’s R1T all-electric pickup and all-electric R1S SUV at the Los Angeles Auto Show in Los Angeles, California, November 27, 2018. Mike Blake | Reuters Electric vehicle maker Rivian plans to use new types of battery cells in its electric trucks, delivery vans and SUVs the […]
Treasury Secretary Janet Yellen said Thursday that Americans will likely see another year of “very uncomfortably high” inflation as Russia’s invasion of Ukraine muddles her prior forecast that price acceleration would moderate in the months ahead. “I think there’s a lot of uncertainty that is related to what’s going on with Russia in Ukraine,” Yellen […]
US stocks fell Thursday, as investors weighed up surging US consumer price inflation, a hawkish tilt from the European Central Bank, and stalled Russia-Ukraine negotiations. Oil prices were also rising again. How are stock-index futures trading? The Dow Jones Industrial Average DJIA, -1.37% fell 357 points, or 1.1%, to 32,930. The S&P 500 SPX, -1.56% […]
Customers shop at at a grocery store on February 10, 2022 in Miami, Florida. The Labor Department announced that consumer prices jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982. Joe Raedle | Getty Images Inflation grew worse in February amid the escalating crisis in Ukraine and price […]
US stock futures declined, while oil prices rose sharply, as investors monitored developments surrounding Russia’s invasion of Ukraine and awaited fresh inflation figures. Futures for the S&P 500 declined 1% Thursday, while contracts for the tech-focused Nasdaq-100 fell 1.4% and futures for the Dow Jones Industrial Average were 0.6% lower. All three indexes broke a […]
Check out the companies making headlines before the bell: Campbell Soup (CPB) – The food producer matched estimates with adjusted quarterly earnings of 69 cents per share, and revenue essentially in line with forecasts as well. Campbell’s adjusted gross margins slide 340 basis points due to cost inflation. It said demand trends are strong and […]
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