Ford Motor’s U.S. new vehicle sales experienced an 11.2% increase last month compared to the same time last year. The impressive growth was primarily driven by a surge in sales of hybrid and all-electric models. Hybrid and all-electric vehicle sales saw a remarkable 65% increase, overshadowing the modest 5.6% rise in sales of Ford’s traditional
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The leadership of Paramount Global recently revealed a comprehensive go-forward plan during the company’s annual shareholder meeting. The plan, outlined by CBS CEO George Cheeks, Paramount Media Networks CEO Chris McCarthy, and Paramount Pictures CEO Brian Robbins, titled the “Office of the CEO”, detailed strategic priorities in the event a sale of the company does
Jeep, a brand under Stellantis, has set an ambitious target to increase U.S. sales of its plug-in hybrid electric vehicles (PHEVs) by up to 50% this year. This decision comes as the automaker sees PHEVs as a crucial bridge between its traditional gas-powered SUVs and the upcoming all-electric models. Amidst a slower-than-expected pace of electric
The entertainment industry is abuzz with the news of the agreement between Paramount and Skydance for a merger. CNBC’s David Faber reported on Monday that the two companies have finally come to terms after weeks of negotiations. The deal, which is expected to be announced in the coming days, involves David Ellison’s Skydance, supported by
Recently, Moderna and Merck shared promising three-year data on their innovative vaccine, which was administered to individuals suffering from the deadliest form of skin cancer in conjunction with Keytruda therapy. This groundbreaking combination not only enhanced survival rates but also demonstrated long-lasting efficacy in a midstage research study involving patients with a life-threatening form of
In 2019, Adam Moelis embarked on a journey to revolutionize the way Americans save money by co-founding a fintech startup called Yotta. His vision was to provide consumers with a novel approach to financial stability, allowing them to navigate life’s uncertainties with ease. However, what transpired was far from his intentions. A dispute between Yotta’s
Pfizer’s drug for an advanced form of lung cancer, Lorbrena, has shown promising long-term results in a late-stage trial. The drug has helped patients live longer without cancer progression, with most patients experiencing this benefit for over five years. Additionally, Lorbrena has been found to reduce the risk of cancer progression in the brain, a
On Friday, the Food and Drug Administration granted approval to Moderna for their vaccine targeting respiratory syncytial virus (RSV) in adults aged 60 and above. This marks the company’s second product to be approved for use in the U.S. market. The decision comes at a crucial time for Moderna, as the demand for their Covid
In a recent financial conference held in New York, Bank of America CEO Brian Moynihan shed light on the cautious approach adopted by both consumers and businesses when it comes to spending. He highlighted that there has been a noticeable slowdown in the rate of purchases made by households and small to medium-sized businesses. Consumer
Boeing CEO Dave Calhoun and other top company leaders are set to meet with the Federal Aviation Administration (FAA) to present a quality improvement plan. This plan is aimed at demonstrating enhanced staff training and production practices at Boeing factories. The meeting comes after a concerning incident earlier this year involving a new 737 Max