Pfizer on Tuesday said it expects to see continued demand for its products this year, forecasting $54 billion in combined sales of its COVID-19 vaccine shots and antiviral pills. The American pharmaceutical and biotechnology giant said it expects to sell $32 billion of its vaccinations and $22 billion of its antiviral COVID-19 treatment pill Paxlovid in…
Pfizer Forecasts $54 Billion in Sales This Year as Demand for COVID-19 Vaccine and Treatment Pill Continues
February 9, 2022
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Peloton Laying Off 2,800 Workers but Cushioning Blow With Complimentary Memberships
Peloton is set to lay off around 2,800 workers but is cushioning the blow with complimentary Peloton memberships for 12 months. In announcing plans on Tuesday to cut about 2,800 jobs globally, including about 20 percent of its corporate positions, the New York-headquartered company noted that on-camera instructors and content “will not be impacted by the…
US Small Business Sentiment Drops to 11-Month Low: NFIB
February 9, 2022
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WASHINGTON—U.S. small business confidence fell to an 11-month low in January amid persistent worker shortages and higher prices for materials, a survey showed on Tuesday. The National Federation of Independent Business said its Small Business Optimism Index dropped 1.8 points to 97.1 last month, the lowest reading since February 2021. Scarce workers and rising labor…
Nissan Raises Profit Outlook but Sees Chip Limit to Growth
February 9, 2022
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TOKYO—Nissan Motor Co on Tuesday raised its full-year profit outlook as it squeezed out more profit per vehicle but said that access to scarce semiconductors would be the key driver of future earnings growth. Like other big global carmakers, Nissan has been forced to cut vehicle output, even amid robust demand in key markets such…
Start-Up Scene Trumping University Sector As ‘Path of Prosperity’ for Australia: Tech Star
February 8, 2022
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In response to the Australian government’s $2 billion drive to transform university research into profitable endeavours, Steve Baxter, tech investor and star of reality TV series Shark Tank, said the focus should instead be on the country’s burgeoning start-up scene rather than tertiary sector. Australian Prime Minister Scott Morrison, in late January, announced the AU$2.2…
Pfizer Reports Bumper Income from COVID-19 Vaccine Sales In 2021, But Forecasts for 2022 Disappoint
Pfizer’s COVID-19 vaccine brought in a bumper income of nearly $37 billion in sales for 2021, the product’s first full year on the market, though Pfizer’s revenue forecasts for 2022 came in below analysts’ expectations, sending its shares down by over 5 percent. Called Comirnaty, the company’s two-dose COVID-19 vaccine generated $36.78 billion in revenue…
Pfizer Reports Nearly 37 Billion in COVID-19 Vaccine Sales Last Year
Pfizer’s COVID-19 vaccine brought in a bumper income of nearly $37 billion in sales for 2021, the product’s first full year on the market, though Pfizer’s revenue forecasts for 2022 came in below analysts’ expectations, sending its shares down by over 5 percent. Called Comirnaty, the company’s two-dose COVID-19 vaccine generated $36.78 billion in revenue…
Musk’s SpaceX Working to Restore Tonga’s Internet: Fiji Official
SINGAPORE—Elon Musk’s satellite internet venture is helping to restore connectivity to the Pacific Island nation of Tonga, according to an official in Fiji where the work is underway. Tonga’s sole optic-fibre link to the internet and the rest of the world was severed by a volcanic eruption on Jan. 15 and only limited connectivity has…
Omicron-Specific Vaccine Booster May Not Be Needed: Study
February 7, 2022
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COVID-19 vaccine boosters that target the Omicron virus variant may not be needed, according to a new study. Researchers with the National Institutes of Health (NIH), Moderna, and other institutions tested Moderna’s regular booster and Moderna’s Omicron-specific booster and found that both lead to “comparable and significant increases in neutralizing antibody responses against all VOC…
Porsche Expects Another Record Year for Sales Despite Chip Shortage: Automobilwoche
February 7, 2022
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BERLIN—Luxury carmaker Porsche AG expects another record year for sales despite the global semiconductor chip shortage, its sales chief was quoted as saying by industry magazine Automobilwoche. “When I look at the current orders, I’m confident for 2022. Growth in sales could reach a similarly high level this year as in 2021,” Detlev von Platen…
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