Boeing CEO David Calhoun on CNBC Wednesday shot down speculation that the company could turn to a massive stock sale to knock off debt from its balance sheet. In a note Tuesday, Morgan Stanley said that the airplane manufacturer could raise between $20 billion and $30 billion, an assessment that …
Read More »Chevron CEO says company is investing in a lower carbon energy system
Chevron has taken steps to lessen the oil and gas giant’s dependence on fossil fuels, laying a path to an energy system with a reduced carbon footprint, CEO Mike Wirth told CNBC’s Jim Cramer Wednesday. “We embrace a lower carbon future. We expect a lower carbon energy system,” Wirth said …
Read More »Tom Brady’s company TB12 received more than $960,000 PPP loan
Tom Brady #12 of the Tampa Bay Buccaneers throws a pass during the first half against the New Orleans Saints at Raymond James Stadium on November 08, 2020 in Tampa, Florida. Mike Ehrmann | Getty Images Tom Brady’s sports performance and nutrition company received a Paycheck Protection Program loan of $960,855 from …
Read More »Paramedics under ‘extreme stress’ as Covid toll climbs: Ambulance company CEOs
Now stretching into its ninth month, the coronavirus pandemic is putting significant strain on paramedics and emergency medical technicians across the U.S., the CEOs of ambulance companies told CNBC on Friday. “There’s a huge shortage of paramedics nationwide, whether it be for the public fire departments or the private ambulance …
Read More »Pfizer shares fall on report company cut its Covid vaccine rollout target
Pfizer shares fell Thursday after a report said the U.S. drugmaker expects to ship half of the Covid-19 vaccines it originally planned for this year due to supply-chain problems. The Wall Street Journal, citing a person directly involved in the development, said some early batches of the raw materials needed …
Read More »NASA will pay a company $1 to collect moon rocks
A photo of the moon taken by SpaceIL’s Beresheet spacecraft in orbit. SpaceIL NASA will pay an amazingly low price – a dollar – to have a company make a single small collection of moon dirt on the agency’s behalf. Colorado-based start-up Lunar Outpost bid $1 and won a NASA …
Read More »XPO Logistics CEO says company is in the middle of the ‘e-comm boom’
The online shopping craze has delivered a windfall for the shipping industry, and global warehouse providers such as XPO Logistics are reaping benefits, CEO Brad Jacobs told CNBC’s Jim Cramer on Wednesday. “In our logistics business, we are squarely in the middle of this massive e-commerce boom,” he said in …
Read More »LeBron James, Arnold Schwarzenegger’s sell nutrition company to Openfit
LeBron James #23 of the Los Angeles Lakers dunks the ball against the Philadelphia 76ers on January 25, 2020 at the Wells Fargo Center in Philadelphia, Pennsylvania. Jesse D. Garrabrant | NBAE | Getty Images Ladder, a nutritional company found by basketball icon LeBron James and actor Arnold Schwarzenegger, has …
Read More »Pfizer CEO sold $5.6 million of stock as company announced positive data
Pfizer CEO Albert Bourla sold almost $5.6 million worth of stock on Monday, the same day the drugmaker announced positive early data on its experimental coronavirus vaccine that sent shares soaring. Shares of Pfizer jumped by almost 15% on Monday after the company and its partner BioNTech said its vaccine …
Read More »The European company behind Pfizer’s Covid-19 vaccine
The logo of the biotechnology company “BioNTech” in front of the company headquarters. Arne Dedert | picture alliance via Getty Images LONDON — Before 2020, Germany’s BioNTech was a relatively little-known biotechnology company. That all changed when Covid-19 arrived. On Monday, U.S. drug maker Pfizer announced an early analysis of …
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