The Latest Headlines at The AM Reporter
Moderna Sues Rival Pfizer Over Coronavirs mRNA Vaccine Patent
In the final week of August, pharmaceutical firm Modern sued Pfizer (and its German counterpart BioNTech) claiming the rival(s) improperly used Moderna’s foundational technology to develop their own coronavirus vaccine. The... More of this article »
California Will Ban New Gas-Powered Car Sales by 2035
California is not just the most populated state in the US but, fittingly, also a state with, perhaps, the biggest car-centered focus in the country. Unfortunately, this also means that their fossil fuel use is a major contributor... More of this article »
Peleton Inks Partnership with Amazon
Peleton and Amazon have announced a new sales partnership this week. This is, of course, of greater benefit to Peloton, who is looking to broaden their customer base and win over its investors from slower pandemic revenue growth... More of this article »
Tencent Sees Quarterly Revenue Decline for the First Time
It may be an inevitable part of any business but that doesn’t make it any easier to handle. Still, the news that Tencent suffered its first quarterly revenue decline probably came as a bit of a surprise to some. The China-based... More of this article »
Mortgage Rates in Decline, but Still Up From Last Year
Home mortgage rates slipped lower again last week, nearing 5 percent, after some economic reports released this week hinted that inflation may have reached its peak. Specifically, the 30-year fixed-rate mortgage fell to, on average,... More of this article »
Ford To Cut 3,000 White-Collar Jobs to Reduce Costs
Ford Motor Co announced, this week, a plan to cut roughly 3,000 white-collar jobs to reduce their costs in order to support their long-term goal of transitioning from traditional, internal combustion vehicles to electrical vehicles.... More of this article »
Housing Market Confidence Dips to Lowest Rate in More Than A Decade
According to the National Association of Home Builders (NAHB), the Wells Fargo Housing Market fell by 6 points in August, to a score of 49, for the first time since May of 2020. This is below what they consider to be the “break even”... More of this article »
Labor Department Hits Dollar General With $1.3 Million in Safety Violation Fines
Discount retail chain Dollar General has been hit, this week, with upwards of $1.3 million in worker safety violation fines. This comes after individual Department of Labor safety inspections at three of their Georgia locations: ... More of this article »
American Airlines Set to Buy 20 Supersonic “Overture” Jets from Boom
It may have been roughly two decades since the demise of the Concorde, but it appears that supersonic passenger flights may not be lost in the past. Apparently, American Airlines has agreed to purchase as many as 20 supersonic jets... More of this article »
Russian ASAT Debris Squalls Exacerbated by Starlink Satellite Launches
Loose debris from a Russian anti-satellite missile is wreaking some havoc in orbit as pieces of ex-spacecraft circle the planet with alarming speed. The debris is left over from the destruction of the now-offline 2,200 kg signals... More of this article »
Disney+ Subscriber Growth Exceeds Expectations So Higher Prices On the Way
In the first week of August, the Walt Disney Company released its fiscal third quarter report, with substantial fanfare. This is because the report indicates Disney+ subscriptions increased to 152.1 million, easily beating their original... More of this article »
Even As Mortgage Rates Climb Above 5 Percent, Market Volatility May Be Slowing
Mortgage rates have increased to more than 5 percent this week, after falling below the same threshold for the first time in many months just a few weeks ago. Obviously this suggests the housing market is quite volatile right now... More of this article »
Is Expanding the Games Catalog Enough To Save Netflix?
With consistent monthly subscriber losses the current trend, Netflix continues to look for new ways to entice customers. One strategy they have employed, of late, is the addition of video games that are available at no extra charge... More of this article »