Biotech company Biogen lowered its full-year profit forecast, citing higher costs related to its purchase of drug maker Reata Pharmaceuticals as well as the launch of its Alzheimer's drug.
Share:
More In Business
PlayStation 5 Passes 50 Million Units Sold
Sony's PlayStation 5 console has now passed 50 million units sold.
FedEx Lowers Full-Year Revenue Forecast
FedEx decreased its full-year revenue forecast after reporting lower-than-expected quarterly profits in its latest results.
Parents of Children Sickened by Lead Linked to Tainted Fruit Pouches Fear for Kids' Future
Cora is among dozens of young kids across the U.S. poisoned by lead linked to tainted pouches of the cinnamon-and-fruit puree
IRS to Waive $1 Billion in Penalties for People and Firms Owing Back Taxes for 2020 or 2021
The IRS said Tuesday it is going to waive penalty fees for people who failed to pay back taxes that total less than $100,000 per year for tax years 2020 and 2021.
Rite Aid Banned From Facial Recognition Tech Use for 5 Years After Faulty Theft Targeting in Stores
Rite Aid has been banned from using facial recognition technology for five years over allegations that a surveillance system it used incorrectly identified potential shoplifters, especially Black, Latino, Asian or female shoppers.
Pilots Union Reaches Agreement With Southwest Airlines
The union representing Southwest Airlines pilots says it reached a new contract agreement in principle with the airline following three years of negotiations.
U.S. Bank Fined $36 Million for Freezing Debit Cards During Pandemic
U.S. Bank has been hit with a $36 million fine for freezing debit cards that distributed unemployment benefits during the pandemic.
New Home Construction Up More Than Expected in November
Construction of new homes rose by double digits in November, according to data from the Commerce Department.
Securitize: Private Credit Boom Is Now Here
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
