The Centers for Disease Control and Prevention (CDC) has awarded Palantir Technologies Inc. a $5.3 million contract to manage distribution of COVID-19 drugs in the United States, the software maker said on Tuesday. The contract for supporting distribution of therapeutics is for a duration of six months, Palantir said. The new partnership is an extension…
CDC Taps Palantir to Support COVID-19 Drug Supply in US
February 23, 2022
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Boeing Not Concerned About Titanium Supply, Watching Other Pinch Points
Boeing Co. is not concerned about a potential disruption to Russian titanium supplies because of tensions over Ukraine, but is keeping a close watch on other industry supply chain pinch points, a senior executive said on Monday. Boeing relies heavily on Russia’s VSMPO-AVISMA for the supply of titanium, a lightweight but strong metal that is…
Mercedes-Benz Beats Profit Forecast, Sees Supply Chain Headwinds in 2022
February 11, 2022
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BERLIN—Mercedes-Benz Cars & Vans expects an adjusted earnings before interest and taxes (EBIT) of 14 billion euros ($15.9 billion) in 2021 and sees supply chain headwinds persisting into 2022, it said on Friday. The luxury carmaker predicted an adjusted return on sales of 12.7 percent in the full year, beating its own guidance of 10…
Staff Shortages, Supply Backups Batter EU Economic Growth
BRUSSELS—The European Union is seeing its economic emergence from the unprecedented COVID-19 slowdown hampered by coronavirus-induced staff shortages, supply bottlenecks, runaway energy prices, and subsequent inflation surges. In its winter 2022 forecast, the European Commission said Thursday that even though the economy has rebounded from stunning losses at the height of the pandemic crisis, key…
Oil Hits Seven-Year Highs as US Storm Heightens Supply Concerns
LONDON—Oil prices reached seven-year highs on Friday as geopolitical tensions and a winter storm in the United States fuelled concerns over supply disruptions. Brent crude rose $1.32, or 1.5 percent, to $92.43 a barrel by 1120 GMT, having earlier touched its highest since October 2014 at $92.66. U.S. West Texas Intermediate crude rose $1.45, or…
Oil Rises on Geopolitical Risks, Supply Shortage
LONDON—Oil rose on Monday as a supply shortage and political tensions in Eastern Europe and the Middle East put prices on track for their biggest monthly gain in almost a year. Brent crude had risen 66 cents, or 0.7 percent, to $90.69 a barrel by 1005 GMT. The front-month contract for March delivery expires later…
Oil Heads for Sixth Weekly Gain on Lingering Supply Concerns
London—Oil prices rose on Friday, heading towards a sixth consecutive weekly gain, as geopolitical tensions continue to raise supply concerns. Brent crude futures were up 66 cents, or 0.7 percent, at $90 a barrel by 1225 GMT, having hit $91.04 on Thursday for their highest since October 2014. U.S. West Texas Intermediate (WTI) crude futures…
Oil Prices Rebound as Growing Political Tensions Fuel Supply Fears
LONDON—Oil prices bounced back on Tuesday, recovering some of the previous day’s losses, as growing tension in Eastern Europe and the Middle East fuelled concerns over possible supply disruptions in an already tight market. Brent crude futures rose $1.21, or 1.5 percent, to $87.52 a barrel at 0946 GMT, reversing a 1.8 percent fall in…
Oil Prices Slip From 2014 Highs, Supply Concerns Limit Losses
LONDON—Oil slipped on Thursday as investors took profits after a recent price rally, but strong demand and short-term supply disruptions continue to support prices close to their highest since 2014. Brent crude futures were down 39 cents, or 0.4 percent, at $88.05 a barrel by 1006 GMT after dropping more than $1 in earlier trade….
Oil Prices Hit 7-year Highs as Tight Supply Bites
LONDON—Benchmark oil prices climbed to their highest level since 2014 on Tuesday as possible supply disruption after attacks in the Mideast Gulf added to an already tight supply outlook. Brent crude futures rose $1.02, or 1.2 percent, to $87.50 a barrel by 0924 GMT, while U.S. West Texas Intermediate (WTI) crude futures jumped $1.36, or…
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