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A continuing decline in sales of COVID-19 products clips revenue at Pfizer

Published Wed, 26 Feb 2025 01:35:32 GMT

Pfizer lost more than $2 billion in the third quarter as an expected COVID-19 product sales decline clipped revenue. Sales of the drugmaker’s COVID treatment Paxlovid and the vaccine Comirnaty slid 97% and 70%, respectively, as Pfizer, like its competitors, switched to selling on the commercial market instead of to governments. Both the company and analysts who follow it expected revenue from those key products to tumble this year before eventually rebounding as commercial sales take hold. But two weeks ago, Pfizer Inc. warned that sales of its COVID-19 drugs were weaker than it had expected, and it cut its annual revenue expectations by $9 billion. Falling sales of both Paxlovid and Comirnaty also trimmed sales in the second quarter, but Pfizer said in August that it expected a rebound in the second half of 2023. In the third quarter, the drugmaker booked a non-cash, $5.6 billion charge for inventory write-offs of the COVID products.Outside those products, the drugmaker said ...

Dabo Swinney angrily defends Clemson career to caller on radio show: ‘You can apply for the job’

Published Wed, 26 Feb 2025 01:35:32 GMT

COLUMBIA, S.C. (AP) — A frustrated Dabo Swinney defended his Clemson career to a radio caller who questioned his performance as one of college football’s highest-paid coaches.The exchange took place Monday night during Swinney’s weekly, in-season call-in show when someone identified only as “Tyler in Spartanburg” asked why Swinney is being paid so much to go 4-4 this season.“You’re part of the problem,” Swinney told him. “To be honest with you, because that is part of the problem, it’s people like you. … The appreciation, the expectation is greater than the appreciation and that’s the problem.”“Is this a bad year? Yeah, and it’s my responsibility. Take 100% responsibility for it,” Swinney continued. “But all this bull crap you’re thinking, all these narratives you read. Listen, man, you can have your opinion all you want, and you can apply for the job. And good luck to you.”Swinney, who turns 54 in November, is in the second year...

NHK television reports Japanese police have captured a gunman who holed up at a post office and rescued an employee

Published Wed, 26 Feb 2025 01:35:32 GMT

TOKYO (AP) — NHK television reports Japanese police have captured a gunman who holed up at a post office and rescued an employee.Source

Stock market today: Wall Street drifts in mixed trading following earnings reports

Published Wed, 26 Feb 2025 01:35:32 GMT

NEW YORK (AP) — Wall Street is drifting following mixed earnings reports from big companies. The S&P 500 was virtually flat Tuesday, a day after clawing back a big chunk of its loss for October. The Dow was down 95 points, and the Nasdaq composite was 0.1% lower. Caterpillar dropped, even though it joined the growing list of companies reporting stronger profit for the summer than expected. Treasury yields were mixed after data showed growth in workers’ wages and benefits slowed by less than expected during the summer. That could influence the Federal Reserve’s moves on interest rates to control inflation. Its next announcement will arrive Wednesday. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.(AP) — Wall Street edged modestly higher early Tuesday as markets pored over more corporate earnings while awaiting the Federal Reserve’s decision on interest rates coming Wednesday. Futures for the Dow Jones Industrial Average and the S&P 500 each gained 0.3%...

Deion Sanders speaks after loss to UCLA, theft at Rose Bowl

Published Wed, 26 Feb 2025 01:35:32 GMT

DENVER (KDVR) — The University of Colorado Buffaloes have lost two games in a row, but they are now looking for their fifth win of the season when they face Oregon State on Saturday.UCLA’s defense sacked Colorado’s Shedeur Sanders seven times and the 23rd-ranked Bruins claimed victory over the Buffs with a final score of 28-16. Jewelry stolen from CU Buffs players during game at Rose Bowl It is the third time this season Sanders has been sacked at least seven times in a game. The Buffs have allowed 42 this season, the most in the Football Bowl Subdivision according to Sportradar.Colorado coach Deion Sanders said his son received a pain-killing injection at halftime.Sanders and his Buffs are headed back to Boulder, hoping to beat the Beavers during homecoming. Coach Prime will be speaking at the University of Colorado Boulder during his weekly press conference on Tuesday. He is scheduled to speak between 10:30-11 a.m.Aside from discussing next week's game and the team's chance for ...

Don't throw out your pumpkins, do this instead

Published Wed, 26 Feb 2025 01:35:32 GMT

DENVER (KDVR) — After the sunny fall weather left and the cold and snow moved in, the pumpkin on your front porch might not be doing so well. Before trash day comes, make sure you are properly disposing of your pumpkins.While you could just throw your pumpkin in the trash, there are plenty of sustainable ways to reuse a pumpkin like cooking or planting it. You can watch a thousand-pound pumpkin get carved on Halloween If you are fully ready to say goodbye to your fall pumpkin, follow these eco-friendly practices.How to throw out your pumpkinsDo'sCompostThe City of Fort Collins recommends composting the pumpkin in your backyard or through a local composting system. Some other cities provide composting systems. The City of Denver supplied residents with green bins earlier this summer.Donate them to ranchesLocal ranches will take pumpkins as animal feed. However, if there is paint or wax on the pumpkin, the ranches won't take it because it's toxic to the animals, according to Colora...

Man stranded on plane’s wing following crash in Everglades

Published Wed, 26 Feb 2025 01:35:32 GMT

SOUTHWEST BROWARD, Fla. (WSVN) — Authorities responded to the scene of a plane crash in the Everglades near Southwest Broward County, Tuesday. Around 10:30 a.m., live video footage showed a man with an apparent leg injury on the damaged wing of a Cessna single-engine plane submerged in the swampy terrain. The crash site appeared to be 17 miles Southwest of North Perry Airport. According to FlightAware.com, the plane departed from the Okeechobee County Airport at 3 a.m. and reportedly crash landed about an hour later.Air boats and emergency responders were dispatched to the man’s location to give the pilot medical attention. Please check back on WSVN.com and 7News for more details on this developing story.

Meta rolls out paid ad-free option for European Facebook and Insta users after privacy ruling

Published Wed, 26 Feb 2025 01:35:32 GMT

LONDON (AP) — Facebook and Instagram users in Europe are getting the option to pay for ad-free versions of the social media platforms as a way to comply with the continent’s strict data privacy rules, parent company Meta said Monday.Starting in November, users on desktop browsers can pay about 10 euros ($10.50) a month while iOS or Android users will pay roughly 13 euros. The higher prices reflect commissions charged by the Apple and Google app stores on in-app payments, the company said in a blog post.The fee will cover all linked Facebook and Instagram accounts until March, when Meta will start charging 6 euros for each additional account. The Wall Street Journal reported on the plan earlier this month.The U.S. tech giant is rolling out the subscription option after the European Union’s top court ruled that under strict EU data privacy rules, Meta must first get consent before showing ads to users. The ruling jeopardizes the company’s ability to make money by tailoring advertiseme...

Walmart stores are getting a new look. Here’s what the redesigned stores look like

Published Wed, 26 Feb 2025 01:35:32 GMT

New York (CNN) — Walmart unveiled over a hundred revamped stores on Monday that have been recalibrated to pull in more customers and keep them in stores for longer, too.The aim is to get them to shop at Walmart for things other than staples like groceries and everyday necessities.During the pandemic, customers were flocking to big box stores for all manner of stay-at-home gadgets, including huge televisions and exercise equipment. But when people began to return to their pre-pandemic lives – and as inflation took a bite – people started giving up on those kinds of discretionary purchases.Although Walmart has fared better than Target and other rivals in recent months, it’s not immune to consumers focusing more on their needs and less on their wants. While the retailer has remained competitive with Target and other discounters on food sales, it has struggled to get shoppers to buy the the sort of items, like home goods and electronics, that bring in much larger profits.So Walmart said...

EU commissioner Breton to visit Beijing and Hong Kong

Published Wed, 26 Feb 2025 01:35:32 GMT

BRUSSELS — The European Union’s industry chief Thierry Breton will visit China next month, an aide told POLITICO on Tuesday.The trip will take Breton to Beijing from November 8 to 10, as well as Hong Kong on November 11, according to the aide.The visit by Breton, the European commissioner for the internal market, follows a series of recent trips to China by senior eurocrats, including trade chief Valdis Dombrovskis, his digital colleague Věra Jourová and the bloc’s foreign policy chief, Josep Borrell. It comes amid heightened trade friction between the EU and China, most notably over a recent European Commission probe into state subsidies behind made-in-China electric vehicles.Beijing has yet to confirm the timing of a planned EU-China Summit, even though the EU hasproposed a couple of dates in December, POLITICO has learned. Breton will be the first top EU official to visit Hong Kong since pro-democracy protests there in 2019.