Text size Bristol-Myers Squibb is telling analysts this week that its portfolio of developing drugs could generate more sales than anyone expected. In a series of online meetings that started Monday, the drug maker raised its forecast for annual sales it could get from advanced-stage candidates from $ 15 billion …
Read More »Disney workers reject park reopening plans as Covid cases increase
Walt disney Co. It faces increasing pressure to postpone the reopening of its theme parks in the United States, with union officials and workers saying the recent jump in coronavirus cases makes it too dangerous to return to the Magic Kingdom. Union officials representing workers at Disneyland Resort in Anaheim, …
Read More »Vitamin seller GNC Holdings files for bankruptcy
GNC Holdings Inc. filed for Chapter 11 bankruptcy protection Tuesday with plans to sell and close up to one-sixth of its 7,300 stores worldwide. The GNC vitamin and supplement vendor, -24.69% He blamed the presentation of the slump in sales due to the coronavirus pandemic, demands from faster payment providers, …
Read More »Another electric van is coming. This is what you need to know.
Text size Private company Lordstown Motors has entered the fray, unveiling its all-electric pickup, Endurance. Servpro, a fire and water damage restoration company, has promised to order 1,200 trucks. Courtesy photography The fully electric truck space is getting crowded. More market participants compete for a share of this lucrative segment …
Read More »The meat industry will completely disappear in 15 years, says the CEO of Impossible Foods
It is, without a doubt, the very definition of talking about your book. But founder and CEO of meat substitute maker Impossible Foods Patrick Brown made a bold claim in an interview with CNBC’s Jim Cramer. “ “This is why I believe that people are increasingly aware that plant-based products …
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