COVID-19 vaccine sales boosted Pfizer earnings well past fourth-quarter expectations, but the drugmaker has set a lower-than-expected bar for 2022. Pfizer debuted on Tuesday annual forecasts for both earnings and revenue that fell short of analyst expectations even as the drugmaker expects another robust year of sales from its vaccine, Comirnaty, and its new coronavirus…
BERLIN (AP) — Germany’s health minister on Tuesday decried calls from the main opposition party to suspend the implementation of a COVID-19 vaccination mandate for health workers, saying this would send a dangerous signal that authorities are caving to anti-vaccine protests. Parliament in December approved the legislation that will require staff at hospitals and nursing…
LONDON (AP) — BP PLC reported its biggest full-year profit for eight years on Tuesday, its coffers boosted by soaring oil and gas prices that have hiked domestic fuel bills for millions of people. The British energy giant said its underlying replacement cost profit — the industry standard — was $12.8 billion for 2021, compared…
TOKYO (AP) — Japanese automaker Nissan swung back into the black for the quarter through December, despite shortages of computer chips that have hit the entire industry and many other manufacturers. Nissan Motor Co., allied with Renault SA of France, reported Tuesday a 32.7 billion yen ($284 million) profit for the fiscal third quarter, a…
TOKYO (AP) — SoftBank’s planned sale of the British semiconductor and software design company Arm to U.S. chip maker Nvidia has fallen through, but the Japanese technology investor immediately turned bullish on taking it public. SoftBank Group Corp. said Tuesday it plans an initial public offering of Arm after the intended sale to Nvidia failed…
BEIJING (AP) — Asian stocks rose Wednesday after Wall Street rebounded as investors waited for U.S. inflation data that might influence the pace of Federal Reserve interest rate hikes. Shanghai, Tokyo, Hong Kong and Sydney advanced. Wall Street’s benchmark S&P 500 rose 0.8%, recovering from the previous day’s slide. Investors are waiting for U.S. inflation…
BANGKOK (AP) — A customer of Telenor’s Myanmar telecommunications business has filed a complaint with Norway’s data protection authority, saying the company’s plan to sell the business risks a potentially dangerous breach of privacy, the law firm representing the person said. After the military ousted Myanmar’s elected government last year, Norway-based Telenor Group announced it…
LAS VEGAS (AP) — Maurice Gallagher, the longtime CEO of budget airline Allegiant, will step down as CEO of the airline’s parent company and be replaced by company President John Redmond on June 1. Allegiant Travel Co. announced the change in CEOs on Monday. Gallagher will remain chairman. Gallagher said the change in CEOs formalizes…
MENLO PARK, Calif. (AP) — Peter Thiel, a Silicon Valley billionaire and advisor to former President Donald Trump, is leaving the board of directors of Facebook parent company Meta. The company said Monday that Thiel will stay on until Meta’s next shareholder meeting later this year, where he will not stand for reelection. Thiel joined…
NEW YORK (AP) — Late last year, autonomous vehicle startup Gatik announced a big step: It eliminated the safety operator from behind the wheel of two self-driving trucks as part of its partnership with discounter Walmart. Now, the Mountain View, California firm is looking to speed up the process of fully driverless truck operations in…
