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Nov 1 (Reuters) - Pfizer Inc (PFE.N) on Tuesday raised its forecast for 2022 sales of its COVID-19 vaccine by $2 billion to $34 billion, and said new deals and drugs in development should help replace future declining vaccine sales and lost revenue from patent expirations. Sales of the Pfizer/BioNTech COVID vaccine are down from pandemic highs as many countries have neared the end of their primary vaccination campaigns. Third-quarter sales of the COVID vaccine came in at $4.40 billion, blowing past estimates of $2.60 billion. However, $7.51 billion in sales of Paxlovid, the company's COVID-19 antiviral treatment, fell short of estimates of $7.66 billion. Pfizer reported adjusted earnings of $1.78 per share in the third quarter, beating analysts' estimates by 39 cents.
New study finds 72.5 million households pay no federal taxes
  + stars: | 2022-10-31 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew study finds 72.5 million households pay no federal taxesCNBC's Robert Frank joins 'Squawk on the Street' to discuss federal income taxpayers, the factors contributing to the drop in those who pay and what expirations in the tax code could mean for non-payer numbers.
Chevron posted a third-quarter net profit of $11.2 billion, or $5.78 per share - almost double the $6.1 billion from the same period last year, and well ahead of Wall Street's $4.86 estimate. The results will back higher project spending and increased oil and gas production next year, Chief Financial Officer Pierre Breber told Reuters. The company's cash flow from operations soared to a record $15.3 billion, far higher than the previous quarter. Its oil and gas business posted an operating profit that surged 81% to $9.3 billion, while its oil refining business nearly doubled to $2.5 billion. Still, profit from refining cooled from the second quarter, keeping overall earnings below the company's all-time record of $11.6 billion.
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It'll take years to gauge the effect of remote work on major office buildings across the US. Trepp, a company that tracks real-estate debt, has compiled a list of 10 office leases to watch. Deals can take months to complete, while office leases often can run up to 10 years, resulting in typically steady income for property owners through the ebbs and flows of the broader economy. In order to fully understand what's happening, it can be helpful to look at some of the largest leases in major buildings across the country. Landlords usually purchase large office buildings with large loans, so naturally, the income of the property is of great interest to whoever holds the debt.
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