The World Health Organization ended the global emergency status for COVID-19 more than three years after its original declaration.
The U.S. Centers for Disease Control and Prevention (CDC) said it would stop reporting or monitoring COVID-19 case data and transmission rates after the government ends the pandemic's public health emergency designation next week.
The Committee was informed that, globally, 13.3 billion doses of COVID-19 vaccines have been administered.
Tyson Foods Inc (NYSE: TSN) shares are down Monday morning as its second-quarter results missed Street expectations. The company also reduced its FY23 sales outlook.
TSN reported second-quarter FY23 sales growth of 0.12% year-on-year to $13.13 billion, missing the consensus of $13.62 billion.
Adjusted EPS of $(0.04) missed the analyst consensus of $0.80.
Tyson Foods cut its FY23 revenue outlook to $53 billion - $54 billion (previously $55 billion - $57 billion) versus the consensus of $55.04 billion.
DISH Network Corp (NASDAQ: DISH) reported a first-quarter FY23 revenue decline of 8.6% year-on-year to $3.96 billion, missing the consensus estimate of $4.06 billion.
The net decrease primarily resulted from the decline in revenue from its Pay-TV Wireless and Wireless segments.
Net pay TV subscribers decreased by 552,000 in Q1 compared to a net 462,000 decline in Q1 FY22.
Qualcomm Inc (NASDAQ: QCOM) subsidiary, Qualcomm Technologies, Inc, has agreed to acquire Autotalks. The financial terms of the transaction remain undisclosed.
The automotive industry continues to evolve at an unprecedented rate, driven by innovation and digital technologies. The popularity of electric and automated vehicles has triggered higher demand for chips.
BioNTech SE (NASDAQ: BNTX) reported Q1 FY23 revenues of €1.28 billion, down from €6.37 billion a year ago, mainly due to lower commercial revenues from the supply and sales of the company's COVID-19 vaccines worldwide.
The company posted Q1 diluted EPS of €2.05, down from €14.24 a year ago.
BioNTech reiterates FY23 COVID-19 vaccine revenue of approximately €5 billion compared to €17.1 billion in 2022.
Wall Street Journal
Virgin Galactic Holdings Inc (NYSE: SPCE) completed glide flite from Spaceport America in the last week of April 2023.
SPCE states that the data collected from the glide flite will be analyzed over the coming weeks and expects to launch the commercial services in Q2.
SPCE's last flight was in July 2021, which flew founder Richard Branson and three other crew members to the edge of space.
Occidental Petroleum Corp (NYSE: OXY) shares dropped in premarket trading, reacting to Warren Buffett's comment about no plans to take complete control. The stock recovered its losses.
"There's speculation about us buying control, we're not going to buy control. We wouldn't know what to do with it," commented Warren Buffett at Berkshire Hathaway Inc (NYSE: BRK-A) annual shareholder meeting,
BioPharma Solutions offers contract manufacturing services to the pharma and biotech industries. The deal value could reach or exceed $4 billion.
The private equity consortium is seeking help from other private equity firms to act as direct lenders for the deal.
Alibaba Group Holding Limited's (NASDAQ: BABA) logistics arm aims to raise $2 billion via a listing in Hong Kong in early 2024.
Cainiao Network Technology, which has started work on the IPO, is looking to raise between $1 billion - $2 billion in Hong Kong.
Cainiao's initial public offering plan follows Alibaba's plans to split its business into six units.
During a press conference in Bangkok, Toyota Motor Corp (NYSE: TM) announced the sales and delivery stoppage of its Yaris Ativ model in Thailand.
Toyota, working with the Thai government to restart sales, took this decision after its affiliate Daihatsu rigged part of the door in side-collision safety tests.
Masahiko Maeda, Toyota's CEO for the Asia region, believes that as Daihatsu specializes in producing small cars, the vehicle's relatively large size may have posed a challenge. He said the vehicles customers were using were safe, and the problem likely emerged during the development of the model.
HSBC Holdings Plc (NYSE: HSBC) is headed to buy out its China fund management joint venture HSBC Jintrust Fund Management.
The company, which owns a 49% stake in HSBC Jintrust Fund Management, has inked a pact with Shanxi Trust for the deal.
Under the deal, Shanxi Trust will sell its 51% holding in the joint venture to the bank, said the sources. Once the deal is complete, HSBC will own the entire stake in HSBC Jintrust.
Photo by Gerd Altmann from Pixabay
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This article WHO Ends Global Emergency Status for COVID-19, Virgin Galactic Plans To Launch Space Tourism In Q2, Berkshire Hathaway Has No Intentions To Take Control Of Occidental Petroleum: Today's Top Stories originally appeared on Benzinga.com
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