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Moderna on Thursday posted a narrower-than-expected loss for the first quarter as the company's cost-cutting efforts took hold and sales of its Covid vaccine, its only commercially available product, topped estimates. The biotech company booked first-quarter sales of $167 million, with revenue from its Covid shot dropping roughly 90% from the same period a year ago. The company reiterated its full-year 2024 sales guidance of roughly $4 billion, which includes revenue from its RSV vaccine. For the first quarter, Mock said the company is "more encouraged by what we're seeing from a productivity perspective" than the higher sales of its Covid vaccine. Cost of sales was $96 million for the fourth quarter, down 88% from the same period a year ago.
Persons: we've, Stéphane Bancel, Jamey Mock, Mock, OpenAI Organizations: Moderna, LSEG, CNBC, Research, Mock, Merck Locations: Moderna, U.S, America
London CNN —A photograph of a beaming Princess Charlotte has been released by the Prince and Princess of Wales to mark her ninth birthday. The children, from left, are Prince George, Prince Louis, Princess Charlotte, Savannah Phillips, Isla Phillips, Lena Tindall and Mia Tindall. The Duchess of Cambridge/Getty Images The Prince and Princess of Wales have released a photo of Princess Charlotte to mark her ninth birthday on Thursday, May 2. Carl Court/AFP/Getty Images Princess Charlotte, William and Catherine's middle child, is seen in this handout photo released on May 1, 2021, a day before her sixth birthday. The Duchess of Cambridge via Getty Images Princess Charlotte playfully sticks out her tongue while attending a King's Cup regatta with her mother in 2019.
Persons: Charlotte, Prince, Princess, , Catherine , Princess of Wales, Prince Louis ’, Prince William, Kate, Kensington, It’s, Princess Charlotte, Charlotte’s, Queen Elizabeth II, Prince Philip, Prince George, Prince Louis , Princess, Savannah, Isla Phillips, Lena Tindall, Mia Tindall, Duchess, Wales, Wales Prince George, William, George, Samir Hussein, Barack Obama, Pete Souza, Carl Court, Prince George . The Duchess, Cambridge, Chris Jackson, Ben Stansall, Prince Louis, Louis, AP Prince Louis, Kate's, Catherine, Prince Harry, Meghan, Duchess of, Prince Archie, Archie, Toby Melville, Prince Archie of Sussex, Dominic Lipinski, Eugenie, Jack Brooksbank, Princess Beatrice, Sienna, Prince Andrew . Princess Eugenie, Prince Edward, James, Earl of Wessex, Sophie, Lady Louise Mountbatten, Louise, Steve Parsons, Cousins Mia Tindall, Savannah Phillips, Princess Eugenie, Princess Anne, Mia, Mike, Zara Tindall, Peter, Autumn Phillips, Max Mumby, Savannah's, Zara Tindall's, Lena, Zara, Lucas, , Queen Elizabeth II’s, King Charles ’, wasn’t, That’s, Charlotte Elizabeth Diana Organizations: London CNN, CNN, Westminster Abbey, St, of England High, Getty, Kensington Palace, William, AP, Press Association, CNN’s Royal, Mary’s Locations: Wales, Windsor, Kensington, Sandringham, Norfolk, London, UK’s, Midlands, St Michael’s, Prince Louis , Princess Charlotte, Savannah Phillips, Cambridge, AFP, Duchess of Sussex, South Africa, Edinburgh, Mia, Savannah, Wellington, Charlotte, British, St
CVS Health : Shares tumbled 18% after the company's first-quarter results fell short of Wall Street estimates. "It's just a bad business," Cramer said, noting CVS faces headwinds in both its drugstore and insurance businesses. Super Micro Computer : Shares plunged nearly 18% after the AI server maker's fiscal third-quarter revenue slightly missed estimates. The decline comes despite Super Micro raising its full-year sales guidance. Pinterest : Shares jumped more than 20% after the social media company's first-quarter sales and adjusted earnings topped expectations.
Persons: Jim Cramer's, Jim Cramer, Johnson, Cramer, Pinterest, It's Organizations: CNBC, Club, AMD, CVS, Super Micro
Duane Eddy, who broke new ground in pop music in the 1950s with a reverberant, staccato style of guitar playing that became known as twang, died on Tuesday in Franklin, Tenn. The cause of his death, in a hospital, was complications of cancer, said his wife, Deed (Abbate) Eddy. Mr. Eddy had tremendous success as a strictly instrumental recording artist in the late 1950s and ’60s, selling millions of records worldwide with growling, echo-laden hits like “Rebel Rouser” and “Forty Miles of Bad Road.” In the process, he played a major role in establishing electric guitar as the predominant musical instrument in rock ’n’ roll. Mr. Eddy influenced a multitude of rock guitarists, including George Harrison, Jimi Hendrix and Bruce Springsteen, whose plunging guitar lines on “Born to Run” pay homage to Mr. Eddy’s muscular fretwork.
Persons: Duane Eddy, Eddy, Mr, George Harrison, Jimi Hendrix, Bruce Springsteen Locations: Franklin , Tenn,
After graduating from Wellesley College, majoring in Chinese studies and economics, I worked at a couple of finance jobs before being poached by Goldman Sachs in Hong Kong. At Goldman Sachs, I made over $376,000 annually. I quit Goldman Sachs in 1999 and moved back home to the Bay Area, where I became lonely and incredibly sad. After about three months of traveling back and forth, I quit Goldman Sachs. Was it worth it to leave Goldman Sachs?
Persons: , Cassindy Chao, It's, Goldman Sachs, I'd, Fred, Jackie Chan, we've, We'd, Chao, Cecilia, Chao I'm, I've Organizations: Service, Wellesley College, Business, Goldman, Ivy League Locations: Oakland , California, Hong Kong, Thailand, Japan, Vietnam, Bay, California
AdvertisementThe units are combining their outsourced investment services for ultra-high-net-worth wealth clients and institutional customers. The wealth management arm is there to help them pay less taxes on their windfall and manage their fortune. That said, Morgan Stanley has drawn the line in the past at some offerings like health savings accounts. AdvertisementFor Finn, those offerings are a means to an end: converting as many of these clients as possible to become fee-paying wealth management clients. The revenue and margins of the workplace channel and E-Trade, which Morgan Stanley acquired for $13 billion in 2020, are "irrelevant," he said.
Persons: , Morgan, Jed Finn doesn't, Finn, Andy Saperstein, James Gorman's, Saperstein, Jacques Chappuis, Ben Huneke, Andy Saperstein's, Larry Lettera, Wagner, multibillion, Morgan Stanley, Finn isn't, We're, Jeff McMillan Organizations: Service, McKinsey, bank's, Business, Wall Street, Solium, OpenAI, AIMS
Pfizer on Wednesday reported first-quarter revenue that beat expectations and hiked its full-year profit outlook, benefiting from its broad cost-cutting program and strong sales of its non-Covid products. Pfizer reiterated its previous revenue forecast of $58.5 billion and $61.5 billion, which it first outlined in mid-December. For the first quarter, Pfizer booked net income of $3.12 billion, or 55 cents per share. That compares with net income of $5.54 billion, or 97 cents per share, during the same period a year ago. Paxlovid booked $2 billion in revenue for the quarter, down 50% from the same period a year ago.
Persons: Pfizer's, Paxlovid Organizations: Pfizer, Wednesday, LSEG, Revenue, U.S, Paxlovid Locations: U.S, Seagen, China
Olga Fikotova Connolly, who won a gold medal in track and field for Czechoslovakia in the 1956 Melbourne Olympics, watched Harold Connolly of the United States win one the next day, and, in March 1957, married him as the highlight of a storybook Cold War romance, died on April 12 in Costa Mesa, Calif. She was 91. She died in her son Jim’s home, where she had been receiving hospice care, Ms. Connolly-Freund said. The governing body European Athletics said Olga Connolly had been the last living female gold medalist from the Melbourne Games. Her competitive record as a discus thrower was exceptional: five Olympic Games (four representing the United States as an American citizen), five American championships and four American records. Harold Connolly, a hammer thrower from Massachusetts, competed in four Olympics.
Persons: Olga Fikotova Connolly, Harold Connolly, Merja Connolly, Freund, Jim’s, Connolly, Olga Connolly Organizations: Czechoslovakia, United States, Melbourne Games, Olympic Games Locations: Costa Mesa, Calif, United States, American, Massachusetts
Amanda Randles creates virtual simulations that incorporate data from patients' wearable devices. To that end, Randles, a professor of biomedical sciences at Duke University's Pratt School of Engineering, spends her time building some of those virtual simulations. Tracking cancer cellsWhen cancer cells circulate through the bloodstream, they can sometimes acclimate in a different part of the body and form new tumors, which is known as metastasis. In her simulations, Randles changes different parameters, like how the size of the cell's nucleus affects its movement. Advertisement"What is it about the cancer cells that are making them more likely to go to the brain or to the breast," she said.
Persons: Amanda Randles, , Randles, Salil Parekh, It's Organizations: Duke University, Computing, Service, Business, Duke University's Pratt School of Engineering, Association for Computing, Infosys, Apple Watch
2024’s safest sunscreens for summer and year-round
  + stars: | 2024-05-01 | by ( Sandee Lamotte | ) edition.cnn.com   time to read: +10 min
The annual report provides a database of products by brand and type, while also breaking them down into the top recreational sunscreens, the best daily SPF (sun protection factor) and the safest sunscreens for babies and children. Many of the safest choices will be mineral-based instead of chemical-based sunscreens, said Emily Spilman, EWG’s healthy living science program manager. Mineral sunscreens work by physically deflecting and blocking the sun’s rays, as opposed to sunscreens with chemicals that absorb UV rays and release heat as they break down. In 2019, oxybenzone was an ingredient in 60% of all sunscreen products tested by EWG, dropping to 30% in 2022. By 2023 and again in 2024, the chemical was used in only 6% of tested products, which included sunscreens and daily moisturizers and lip balms with sunscreen protection.
Persons: Brianna Starr, Alicia, ” Brianna, we’d, , , Brianna, Rajesh Nair, ” Nair, Emily Spilman, ” Spilman, It’s, “ It’s, Bill Clinton, padimate, Homer Swei, EWG’s, ” Swei, oxybenzone, Len Lichtenfeld, Lichtenfeld, ” Lichtenfeld Organizations: CNN, Orlando Health Cancer, Orlando Health Cancer Institute, Twitter, FDA, US Food and Drug Administration, Care Products Council, U.S . Food, Drug Administration, oxybenzone, American Cancer Society Locations: Kansas, TikTok, Orlando , Florida, Japan, Europe, U.S, Australia
CNN —Paul Auster, the acclaimed American author of “The New York Trilogy,” has died at age 77. A host of media outlets reported that Auster’s death was confirmed by his friend and fellow author Jacki Lyden. Auster began translating the works of French writers when he moved to France after graduating from Columbia University in 1970. Major recognition came after the publication of “The New York Trilogy” – a series of experimental detective stories – in 1987. An early experience of how life can change in an instant played a major influence on Auster and his writing.
Persons: CNN — Paul Auster, , Auster, Jacki Lyden, Auster’s, Siri Hustvedt, Hustvedt, , Paul, Timothy Fadek, ” Auster, Prince, Asturias, Booker, Paul Auster Organizations: CNN, The, Columbia University, American Academy of Arts and, Ordre des Arts, des, Booker Locations: Newark , New Jersey, France, “ Cancerland, Brooklyn , New York
J&J advances $6.475 billion settlement of talc cancer lawsuits
  + stars: | 2024-05-01 | by ( ) edition.cnn.com   time to read: +3 min
It will begin a three-month voting period in hopes of reaching consensus on a settlement of all current and future ovarian cancer claims. Ovarian cancer claims account for 99% of the talc-related lawsuits filed against J&J (JNJ), including about 54,000 lawsuits that are centralized in a New Jersey federal court proceeding. In March, J&J received a new chance to contest the scientific evidence linking talc to ovarian cancer in the centralized litigation in New Jersey federal court. But, the litigation has resulted in some large verdicts for plaintiffs, including a $2.12 billion award in favor of 22 women who blamed their ovarian cancer on asbestos in J&J talc. In the past month, J&J was recently ordered to pay $45 million in a mesothelioma case while winning an ovarian cancer case.
Persons: York Reuters — Johnson, Johnson, J, LTL Organizations: York Reuters, J, LTL, & $ Locations: York, New Jersey
Johnson & Johnson baby powder is displayed in San Anselmo, California, on April 5, 2023. Johnson & Johnson on Wednesday said it will pay $6.5 billion to settle nearly all of the thousands of lawsuits in the U.S. claiming its talc-based products caused ovarian cancer. It will begin a three-month voting period for claimants, in hopes of reaching a consensus on a settlement of all current and future ovarian cancer claims. About 99% of the talc-related lawsuits filed against J&J and its subsidiaries stem from ovarian cancer. The pharmaceutical giant said it has already resolved 95% of mesothelioma lawsuits filed to date.
Persons: Johnson, J Organizations: LTL, J Locations: San Anselmo , California
Johnson & Johnson said on Wednesday that it would ask tens of thousands of people suing the company over claims that its talcum powder products caused their cancer to approve a new $6.5 billion settlement, its third attempt to resolve the lawsuits. The proposal would settle nearly all current and future claims that its talcum powder products caused ovarian cancer, the company said. Judges have rejected the two previous attempts, on the grounds that bankruptcy court isn’t the right venue for them. Representatives for Johnson & Johnson declined to comment beyond its announcement. The company has long denied those claims, but has in recent years stopped selling talc-based baby powder worldwide.
Persons: Johnson, Organizations: Johnson
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It’s expected to become a Schedule III controlled substance, a classification shared by prescription drugs such as ketamine and Tylenol with codeine. Here’s what else you might have missed during your busy day:5 thingsKeith Davidson, who represented Stormy Daniels and Karen McDougal, is questioned. Jane Rosenberg1️⃣ Trump on trial: Donald Trump removed the online posts that a judge ruled violated his gag order in the New York criminal hush money case. The former president also was fined $9,000, and a former attorney who represented Stormy Daniels and Karen McDougal testified. 5 Things PM is produced by CNN’s Tricia Escobedo, Meghan Pryce and Kimberly Richardson.
Persons: ane R, Ed, bil, Lis, r., Gupta, Loo, Cheng S Organizations: acc, ld, CNN
Change Healthcare offers payment and revenue cycle management tools, and other solutions such as electronic prescription software. On Feb. 21, UnitedHealth Group , which owns Change Healthcare, discovered that hackers compromised part of the unit's information technology systems. UnitedHealth told CNBC earlier this month that there is "no evidence of any new cyber incident at Change Healthcare." It's just one of the ways Change Healthcare touches cash flow within the health-care sector. A controversial mergerSheldon Cooper | Sopa Images | Lightrocket | Getty ImagesUnitedHealth's ownership of Change Healthcare has raised eyebrows from the outset.
Persons: Omar Marques, Dr, Angeli Maun Akey, Akey, she's, UnitedHealth, I've, Andrew, Mike Bradley, Barbara McAneny, McAneny, Sarah Carlson, Carlson, Sheldon Cooper, Optum, Michael Nagle, Tyler Kisling, Kisling, he's, There's, it's, Purvi, Parikh hadn't, they've, Amit Phull, Phull, Igor Golovniov Organizations: Lightrocket, CNBC, Healthcare, UnitedHealth, U.S . Securities, Exchange Commission, Change, Inc, Bloomberg, Getty, U.S, American Medical Association, AMA, U.S . Department of Justice, DOJ, U.S . Department of Health, Human Services, Wall Street, New York Stock Exchange, Change Healthcare Locations: Gainesville , Florida, U.S, Minnetonka , Minnesota, UnitedHealth's, New Mexico, Boulder , Colorado, California, New York City, UnitedHealth
CNN —An Oregon man who says he’s been battling cancer for eight years and received chemotherapy just last week is among three winners of this month’s $1.3 billion Powerball jackpot. They will have a good life,” Cheng Saephan, 46, said Monday at an Oregon Lottery news conference. This win was also the largest Powerball prize won in Oregon. The winning ticket was sold at a Plaid Pantry convenience store in Portland, according to the Oregon Lottery. “She’s driving on the way to work,” Saephan said.
Persons: he’s, Cheng “ Charlie ” Saephan, Duanpen Saephan, Laiza Chao, Chao, , ” Cheng Saephan, ” Saephan, , Saephan Organizations: CNN, Oregon Lottery, Plaid Pantry Locations: An Oregon, Oregon, Portland, Laos, Milwaukie , Oregon
Sandra TorresTorres has a rare disorder called Laron syndrome that is caused by a genetic mutation. “This is how powerful this mutation seems to be.”What is Laron syndrome? Laron syndrome is a recessive gene, so only those who receive a copy from each parent will be affected. The condition leads to extreme obesity, a trigger for diabetes, heart disease, cancer and other diseases. While technically overweight at 100 pounds (45.4 kilograms), she was in good health, with no signs of diabetes or heart disease.
Persons: Paola Castro Torres, ” Torres, Torres, , ” Nathaly Paola Castro Torres, Sandra Torres Torres, , Valter Longo, Longo, Laron, Jaime Guevara, Aguirre, Guevara, ” Longo, ” Guevara, Andrew Freeman, Freeman, ” Hope, it’s Organizations: CNN, gerontology, University of Southern, of Endocrinology, Laron, Jewish Health Locations: Los Angeles, Quito, Ecuador, University of Southern California, Israel, Yemen, East, United States, Croatia, Ireland, Denver
Read previewThe embattled insurer Globe Life and its subsidiary American Income Life face new allegations of fraud, kickbacks, and misclassifying its army of sales agents. Neither Globe, AIL, or any affiliated agencies have requested a correction on BI's series, which has been cited in all three short-seller reports. Spokespeople for Globe, AIL, and Arias did not respond to inquiries about the Viceroy report. Viceroy today published excerpts from a civil complaint alleging that Globe Life required recruits to purchase the course from Xcel for $149, $119 of which was kicked back to Globe Life, AIL, and agency executives, an allegation Globe has denied. "As you might expect, these sales tactics do not engender long-term retention of policies," the Viceroy report states.
Persons: , AIL, Fraser Perring, Nate Koppikar, Panda, Arias, Erica Robertson, Robertson, Amy Williamson, Renee Zinsky, Fuzzy Panda, Jamie Winters, Winters, Viceroy, AIL's, Antonio – Organizations: Service, Viceroy Research, Globe, Business, Research, Orso Partners, Insurance Department, Pennsylvania, Arias Organization, Social, Organization, AIL, BI, Department, Xcel, Liberty National Life, Ohio Department of Insurance Locations: Texas, London, Globe, Maryland, Pennsylvania, Arias's Wexford, California, Xcel, Ohio, Antonio
The 75-year-old monarch revealed he was battling cancer in early February and is continuing his treatment as he restarts his public-facing engagements. The first fresh entry in his diary was a visit to a cancer treatment center in London, where he was expected to meet patients and staff. The King, who has been patron of Macmillan Cancer Support for nearly three decades, was accompanied by his wife, the Queen. The King and Queen meet staff as they arrive at the cancer treatment center. However, it has been confirmed that he will welcome Japan’s Emperor and Empress for a state visit later that month.
Persons: London CNN — King Charles III, , Camilla, Suzanne Plunkett, Charlie Swanton, Buckingham Organizations: London CNN, Macmillan Cancer, Reuters, University College Hospital Macmillan Cancer, Cancer Research, CNN’s Royal Locations: London, Normandy
Paul Auster, the prolific novelist, memoirist and screenwriter who rose to fame in the 1980s with his postmodern reanimation of the noir novel and who endured to become one of the signature New York writers of his generation, died of complications from lung cancer at his home in Brooklyn on Tuesday evening. His death was confirmed by a friend, Jacki Lyden. With his hooded eyes, soulful air and leading-man looks, Mr. Auster was often described as a “literary superstar” in news accounts. The Times Literary Supplement of Britain once called him “one of America’s most spectacularly inventive writers.”Though a New Jersey native, he became indelibly linked with the rhythms of his adopted city, which was a character of sorts in much of his work — particularly Brooklyn, where he settled in 1980 amid the oak-lined streets of brownstones in the Park Slope neighborhood. As his reputation grew, Mr. Auster came to be seen as a guardian of Brooklyn’s rich literary past, as well as an inspiration to a new generation of novelists who flocked to the borough in the 1990s and later.
Persons: Paul Auster, memoirist, Jacki, Auster, Locations: York, Brooklyn, New Jersey, brownstones
Citing rising breast cancer rates in young women, an expert panel on Tuesday recommended starting regular mammography screening at age 40, reversing longstanding and controversial guidance that most women wait until 50. The panel, the U.S. Preventive Services Task Force, finalized a draft recommendation made public last year. In 2009, the task force raised the age for starting routine mammograms to 50 from 40, sparking wide controversy. But now breast cancer rates among women in their 40s are on the rise, increasing by 2 percent a year between 2015 and 2019, said Dr. John Wong, vice chair of the task force. The panel continues to recommend screening every two years for women at average risk of breast cancer, though many patients and providers prefer annual screening.
Persons: John Wong Organizations: U.S . Preventive Services Task Force Locations: U.S, United States
Biotech company Neoplants just released the first houseplant grown to reduce indoor air pollution. Neo P1 can remove 30 times more VOC's, harmful indoor pollutants, than a typical houseplant. This week, the France-based biotech company Neoplants released the first houseplant bioengineered to remove harmful chemicals from indoor air. AdvertisementUnpacking the Neo P1 systemThe Neo P1 system comes with a marble queen pothos potted in a specially designed "shell," and a six-month supply of power drops. AdvertisementStriving for sustainabilityEvery part of the Neo P1 air purifying system is manufactured in the US.
Persons: , you'd, Glenn Morrison, Patrick Torbey, Lionel Mora weren't, Mora, Torbey, Morrison, Neoplants, Jennifer Brophy, " Mora, it's, we'll Organizations: Biotech, Neoplants, Service, American Lung Association, University of North, Business, Stanford University, MIT Tech Locations: France, University of North Carolina, Torbey, VOCs, Neoplants, Paris
Read previewThe winner of Oregon's $1.3 billion Powerball jackpot is a 46-year-old Laos-born immigrant who opted to take his winnings in a lump-sum payment — meaning he'll get $422 million. AdvertisementThe total amount to be received by Saephan, his wife, and Chao is $422,309,193.97 after taxes, per the Oregon Lottery. Previously, the biggest Oregon jackpot was announced in 2005 and worth $340 million. The Oregon Lottery said ticket sales have since 1985 earned some $15.5 billion that goes toward parks, schools, veteran services, and other state expenses. AdvertisementThe biggest-ever lottery jackpot in the US was $2.05 billion, won by Edwin Castro in California in November 2022.
Persons: , Cheng Saephan, he's, Saephan, who's, he'd, Laiza Chao, Chao, Edwin Castro Organizations: Service, Business, Oregon Lottery, Powerball Locations: Laos, Portland, Oregon, California, Texas , Arizona, Georgia , New Jersey, Maryland
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