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Pfizer and Moderna have created vaccines that save lives. So why are their stocks crashing? | CNN Business
New York CNN Business — Pfizer, BioNTech and Moderna are experiencing a post-vaccine hangover on Wall Street this year. All three stocks have surged dramatically in 2021, largely on the success and strong sales of their Covid-19 vaccines. But 2022 hasn’t been so kind to them. Shares of Pfizer (PFE) fell about 15%, while its […]
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JM Smucker Recalls Certain Jif Peanut Butter Products Due to Salmonella | CNN Business
New York CNN — JM Smucker is recalling certain types of Jif Peanut Butter in the United States due to potential salmonella contamination. The company said the peanut butter was sold nationwide and the recall affected more than 45 product types. They have batch codes between 1274425 and 2140425, the company said in a statement. […]
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Rents in the United States have just reached a new record | CNN Business
CNN — Rents in the United States again hit a new high in April, and they are expected to continue to rise. The national median rent was $1,827 per month in April, up 16.7% from a year ago, according to a report from Realtor.com. The rent has been steadily increasing since the beginning of last […]
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US home sales fell again in April as prices hit new high | CNN Business
CNN — Home sales fell for the third straight month in April as rising mortgage rates and affordability issues pushed many potential buyers out of the market. Still, prices continued to climb, reaching an all-time high. The median home price in April was a record $391,200, up 14.8% from a year ago, according to a […]
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Boeing tries to catch up with SpaceX after many dramas | CNN Business
New York CNN Business — Boeing is the world’s largest aerospace company, a major US defense contractor and the titan of a global aviation duopoly. A few years ago, the idea that it would dominate the commercial space was a no-brainer, and companies like SpaceX, a relatively young company that relies on a strategy of […]
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Solar Orbiter reveals a unique look at our sun | CNN
Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news about fascinating discoveries, scientific advancements and more. CNN — The Solar Orbiter mission’s first close pass of the sun in March revealed our star in a new light. The spacecraft, which flew past the sun on March 26, returned a treasure trove […]
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Flight data suggests China Eastern plane deliberately crashed: Wall Street Journal report | CNN
hong kong CNN — Black box data recovered from a China Eastern flight that crashed in March suggests someone in the cockpit intentionally shot the plane down, the Wall Street Journal reported, citing a preliminary assessment by US officials . The Boeing 737-800 was flying from Kunming to Guangzhou when it plunged 29,000ft into the […]
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Solar panels covered in dust mean NASA’s Mars lander mission is coming to an end | CNN
Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news about fascinating discoveries, scientific advancements and more. CNN — The NASA InSight lander, which since 2018 has revealed the mysterious interior of Mars, is coming to an end. Due to dwindling electrical power, the mission will cease science operations by the end […]
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Warren Buffett’s Berkshire Hathaway finally quits Wells Fargo | CNN Business
New York CNN Business — Warren Buffett’s Berkshire Hathaway has been one of Wells Fargo’s top investors in recent years, despite the company’s fake account scandal, overloading foreign exchange customers and a myriad of other issues. Now the Oracle of Omaha has finally thrown in the towel. Berkshire Hathaway (BRKB) revealed Monday evening that it […]
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FDA Announces It Will Ease Importation of Certain Infant Formulas to Alleviate Shortage | CNN Politics
CNN — The U.S. Food and Drug Administration said Monday it was making it easier to import certain infant formula as it works to address a nationwide shortage. The United States typically produces 98% of the infant formula it uses, with imported formula coming mainly from Mexico, Ireland and the Netherlands, the agency said in […]