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☆ Moderna says it expects up to $15 billion in sales of Covid, RSV, flu vaccines in 2027
▼ + stars: | 2023-04-11 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +1 min

Moderna on Tuesday said it expects to see between $8 billion and $15 billion in sales from its Covid, RSV, flu and other respiratory vaccines in 2027. The biotech company said it sees a corresponding operating profit in the range of $4 billion to $9 billion. Those respiratory product estimates are supported by additional research investments of $6 billion to $8 billion "over the next few years," Moderna added. Moderna said earlier this year it expects $5 billion in mRNA Covid vaccine sales in 2023, a steep drop from the $18 billion the shot raked in last year. The Cambridge, Massachusetts-based company's Covid vaccine remains its only commercially available product.

☆ Chipotle unveils sustainable-restaurant design as it aims to cut carbon footprint in half by 2030
▼ + stars: | 2023-04-11 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Next year, more than 100 of the burrito chain's new locations will use all-electric equipment and some additional elements from the new design. Chipotle Mexican Grill on Tuesday unveiled a new all-electric restaurant design aimed at helping the company reach its goal of cutting greenhouse gas emissions in half by 2030. Chipotle isn't the only restaurant chain looking to its restaurants to cut down on greenhouse gas emissions. And a year earlier, its archrival, Restaurant Brands International's Burger King, revealed a new restaurant design that features solar panels. The company's goal to halve greenhouse gas emissions by 2030 is based on its 2019 baseline of 1.4 million tons of carbon dioxide equivalent across its supply chain and restaurants.

☆ The 'mammoth meatball' grown in a lab probably doesn't taste like woolly mammoth at all
▼ + stars: | 2023-04-11 | by ( Morgan Mcfall-Johnsen | Kelsey Vlamis | ) www.businessinsider.com time to read: +7 min

It probably doesn't taste like woolly mammoth, a meat specialist and mammoth DNA researcher said. The Belgian startup Paleo says it added woolly mammoth myoglobin to a plant-based burger. The mammoth meatball doesn't have either of those elements from woolly mammoth. Mammoth myoglobin doesn't necessarily bring mammoth flavorThough he didn't taste it, Ryall said everyone could smell the meatball while it was cooking. So why make a mammoth meatball that doesn't taste like mammoth?

☆ Pioneer Natural jumps on report of buyout talks with Exxon
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +2 min

April 10 (Reuters) - Pioneer Natural Resources Co's (PXD.N) shares rose as much as 8.5% on Monday following a report that Exxon Mobil Corp (XOM.N) held preliminary talks with the U.S. shale oil producer about a possible acquisition. Shares of Pioneer were up 6.5% at $221.74, while Exxon Mobil inched up 0.2% to $115.25. Pioneer is the third-largest oil producer after Chevron Corp (CVX.N) and ConocoPhillips (COP.N) in the Permian basin, the biggest in the United States. Analysts believe Pioneer and other exploration and production companies could be acquired in the coming quarters given oil giants such as Exxon are looking to boost inventory. "Would not be surprised to see Exxon step up for PXD's scale and inventory depth in the Midland Basin, but the price tag will ultimately be based on the oil prices underwritten by Exxon.

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☆ In ‘Beef,’ Strangers Become Sworn Enemies
▼ + stars: | 2023-04-10 | by ( Ellen Gamerman | ) www.wsj.com time to read: 1 min

Life is coming at Amy Lau fast in “Beef,” and nothing—not her flash-frozen fake smile or her forced Zen style or even her glasses with lenses shaped like stop signs—can slow it down. “Just make it stop,” the wealthy entrepreneur played by Ali Wong says minutes after an extreme road-rage incident in upscale Los Angeles, while her phone dings with annoying texts from people who all want something from her.

☆ U.S. Sends Submarine to Middle East in Show of Force
▼ + stars: | 2023-04-08 | by ( Dion Nissenbaum | ) www.wsj.com time to read: 1 min

The U.S. military said Saturday that it has sent a guided-missile submarine into the Red Sea in a public show of force in response to the recent attacks on American positions by Iran-aligned militants across the Middle East. The USS Florida, which can carry more than 150 Tomahawk cruise missiles, moved into the region as part of a broader move by the Pentagon to beef up its forces in the region to deter Iran-backed forces from carrying out more attacks on the U.S. and its allies.

☆ After gaining control of our reporter's phone, a hacker ripped her off for $10,000. She set out to find them.
▼ + stars: | 2023-04-08 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +4 min

You can see pictures of the massive meatball here — but I warn you, it looks exactly how you would expect. Now, before the scientists start serving up Dinosaur DNA, let's take a look at the top tech stories this week. Once the hacker had control of Hartmans' phone, they didn't waste any time. Earlier this month, the Wall Street Journal reported that Elon Musk plans to build a town named "Snailbrook" — but he isn't the only billionaire creating their own utopia. Some of Lee's friends and colleagues, including Elon Musk, have lambasted the "violent crime in SF."

☆ The Problem With the IRS Pledge Not to Audit More Earners Under $400,000
▼ + stars: | 2023-04-07 | by ( Josh Zumbrun | ) www.wsj.com time to read: 1 min

What are your odds of being audited? It might be on your mind this month as you weigh claiming a tax deduction for those new windows in your home office, or read about the Internal Revenue Service’s plans to beef up enforcement.

☆ Just get your tax refund? 7 smart ways to use it
▼ + stars: | 2023-04-07 | by ( Holly Johnson | ) edition.cnn.com time to read: +8 min

If you’re looking for a way to use your tax refund for maximum impact, here are some of the best options to consider in 2023 and beyond. Pay down high-interest debtPutting your tax refund toward paying down credit card debt could save you thousands of dollars in interest charges. If you can’t pay down all of your credit card debt at once, you can use your tax refund to cover a portion of it. Bulk up your emergency fundConsider putting your tax refund toward your emergency fund to prepare for surprise expenses. Invest in yourselfInvest in yourself by using your tax refund to improve your health or further your education.

☆ The Problem With the IRS Vow to Avoid Stepping Up Audits of Earners Under $400,000
▼ + stars: | 2023-04-07 | by ( Josh Zumbrun | ) www.wsj.com time to read: 1 min

☆ ‘Beef’ Review: Ali Wong and Steven Yeun’s Road-Rage Spiral
▼ + stars: | 2023-04-07 | by ( John Anderson | ) www.wsj.com time to read: +1 min

With irrational anger so in vogue, the time seems ripe for “Beef”—as in gripe, or grievance, though neither does justice to the reckless ferocity of the antics in this nerve-jangling, black-edged comedy. Comedy may be overstating things, actually: The series, created by Lee Sung Jin (“Dave,” “Silicon Valley”), makes the venting of spleen look ridiculous. But that doesn’t mean it isn’t dangerous. (Or, lest one forget, even get into a road-rage incident.) What’s both amusing and cautionary isn’t just the fact that two volatile people in an unhappy place happen to cross paths at precisely the wrong moment.

☆ From McDonald's $200 million Arch Deluxe to Colgate's frozen lasagna: Here are 5 of the biggest food 'failures'
▼ + stars: | 2023-04-07 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

For every massive hit like the Popeye's chicken sandwich, the food industry produces countless duds. At the museum, visitors can see failed products ranging from the once-promising 3D TVs to the infamous MoviePass. "What I really appreciate with the food and beverage industry is that they have this sort of evolutionary approach," West says. "If we don't accept the failures, we can't have the good stuff," West says. These are five of the biggest culinary duds at the Museum of Failure.

☆ A company says it added mammoth DNA to plant-based burgers and that they tasted much more 'intense' and 'meatier' than the cow version
▼ + stars: | 2023-04-07 | by ( Kelsey Vlamis | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +5 min

A Belgian startup says it added woolly mammoth DNA to a plant-based burger. The mammoth myoglobin gave it a more intense taste and aroma, and a richer color, the CEO said. But it's unclear when, if ever, mammoth protein will make it to grocery store shelves. The Belgian startup Paleo says it added woolly mammoth protein to a plant-based burger — and that the result was more intense than with cow. Sanctorum said the company added the mammoth protein to several different versions of plant-based burgers and tasted it.

☆ 19 Best Gift Ideas for the Dad Who Has Everything
▼ + stars: | 2023-04-06 | by ( ) www.wsj.com time to read: +10 min

To help, we tapped a coterie of expert gift-givers to share the best gifts for dads who have everything. For the dad who loves to relaxFor the dad who’s always moaning about his aching feet, gift him this top-rated foot massager, which uses a mix of Shiatsu, compression and vibration to provide an effective and thorough massage. For the dad who loves to napFor fathers who enjoy an afternoon snooze or have trouble sleeping at night, these wireless sleep headphones are a solid bet. New York City-based Greenberg loves the space-saving aspect. If he’s even “slightly handy,” says Greenberg, he’ll appreciate this addition to his gadget arsenal.

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☆ Chip stocks posted their best quarter since 2020. What's next for the sector and why the rally may fade
▼ + stars: | 2023-04-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +8 min

Chip stocks made a breathtaking comeback in the first quarter, but don't be surprised if the rally gives up some of its gains, investors warn. The semiconductor sector on Friday wrapped up its best quarter since 2020 as investors rotated back into the downtrodden industry, with names like Nvidia notching its best quarterly stretch since 2001. The recent tear in semiconductor stocks brings the sector into overbought territory versus non-financial cyclicals, said Credit Suisse's Andrew Garthwaite in a recent note. Like many investors, Niles views Nvidia as a dominant AI play despite its rich valuation . While the stock's given those gains, many investors viewed the print as a sign of a bottom.

☆ Vending machine in remote Japan town sells meat from intruding bears
▼ + stars: | 2023-04-06 | by ( Irene Wang | ) www.reuters.com time to read: +1 min

[1/3] A vending machine menu offering Asian Black Bear meat, Akita Beef and dried mountain stream fish is seen in front of a Soba Noodle restaurant in Semboku, Akita prefecture, Japan April 6, 2023. REUTERS/Irene WangSEMBOKU, Japan, April 6 (Reuters) - A remote Japanese town has taken to selling bear meat from a vending machine, sourcing its supply to Asian black bears, listed as a vulnerable species, caught in traps or in the mountains by hunters. Asian black bears are listed as vulnerable, but not critically so, and it is legal to eat bear in Japan. Vending machines throughout Japan offer everything from drinks, snacks and surgical masks to more exotic fare such as edible insects and whale meat. "Bear meat isn't very common so we want tourists who come to visit the town to buy it," Sato said.

Previously, the pranks had mostly affected the country’s famous sushi conveyor belt restaurants, prompting questions about their future. A video shared on social media shows a man, believed to be Shimazu, vigorously eating the ginger. Besides Kura Sushi, two other such chains — Sushiro, owned by Food & Life Companies, and Hamazushi — previously told CNN they had suffered similar disruptions. But the latest food pranks, magnified by social media, have sparked fresh debate in the wake of the coronavirus epidemic. In recent weeks, some Japanese social media users have questioned whether conveyor belt sushi restaurants and other communal serving practices can continue as consumers demand more attention to cleanliness.

☆ Moscow is trying to play it cool, but its military moves hint at growing concern over NATO's newest member
▼ + stars: | 2023-04-06 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

Finland's admission this month doubles the length of NATO's border with Russia and does so in a region with important Russian military outposts. But Putin's invasion of Ukraine scared not only Finland into joining NATO but also Sweden, which hasn't fought a war since Napoleon was alive. This boosts the alliance's military, political, and economic power considerably and confronts Russia with the prospect of even more NATO forces on its border. There is the possibility of NATO forces and infrastructure being deployed to those countries. Russia's Arctic forces also field an array of powerful weapons, including submarine- and land-based cruise missiles and air-launched hypersonic weapons.

☆ U.S. trade chief Tai defends pursuit of non-traditional trade deals
▼ + stars: | 2023-04-05 | by ( David Lawder | ) www.reuters.com time to read: +4 min

She said past trade deals focused on "aggressive liberalization and tariff elimination" made the U.S. and other countries too dependent on China for critical materials. Her remarks come amid growing calls from U.S. business and agricultural trade groups for Congress to approve new "fast track" negotiating authority for USTR to pursue traditional free trade deals. These groups argue the U.S. is falling behind the growing network of free trade deals forged by China and the European Union in recent years, putting U.S. farmers and food companies at a disadvantage against many foreign competitors in key markets. Republicans in the U.S. Senate and House of Representatives also pelted Tai with complaints about the lack of new tariff-reducing trade deals during hearings last month. Tai told reporters it has been difficult to explain the need to break away from the traditional vision of ever-liberalizing trade deals.

☆ Conagra lifts profit forecast as price hikes offset demand pressures
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +2 min

These price increases have boosted profits at Conagra, which is now also benefiting from easing inflation in commodity prices including those of meat and other proteins. However, higher grocery and food prices have forced some consumers to trade down from branded packaged food products to cheaper, private-label alternatives, denting sales volumes at Conagra. That prompted the company to trim the top end of its annual organic net sales forecast to a 7% to 7.5% rise, compared with a 7% to 8% growth estimated earlier. Credit Suisse analysts have also warned that Conagra sales could decelerate faster compared to its peers in full-year 2024, owing to the company's exposure to price-sensitive, lower-income consumers. Conagra said it expected fiscal 2023 adjusted per-share profit between $2.70 and $2.75, compared with its prior forecast of $2.60 to $2.70.

☆ The beef supply is shrinking. That means meat isn't going to get much cheaper
▼ + stars: | 2023-04-05 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +3 min

A contraction in beef supplies “has been coming for a while,” said David Anderson, a professor in Texas A&M University’s agricultural economics department. Beef supplies are shrinking after farmers sold off cattle in response to drought and high costs. The “big unknown is going to be consumer demand.”The beef supply tends to grow and shrink in roughly 10-year cycles, said Lance Zimmerman, senior beef analyst for the North American market with Rabobank. “If that’s the case, beef prices may be steadier.”And with food inflation stubbornly high, consumers are already cutting back on certain items, including beef. If demand remains strong, “we may see some higher beef prices,” towards the fall and later, Bernt said.

The Chinese Embassy in Washington called self-ruled Taiwan "an inalienable part of China" and said the one-China principle was an "overwhelming trend" internationally. When Taiwan temporarily averted a split with Honduras after President Xiomara Castro took office in January 2022, U.S. State Department officials remained wary. The Biden administration is also keeping a close eye on tiny Belize for any cracks in its Taiwan relationship. Two U.S. officials said Washington was putting less stock in Taiwan maintaining its diplomatic allies in favor of efforts to increase its participation in international organizations. While denied a seat in the United Nations, Taiwan is a member of the WTO and the Asia-Pacific Economic Cooperation forum.

What leaps out for comedian Ali Wong about working with Yeun was a moment right before the first table read. “I was intimidated by Steven, because he’s such an incredible actor,” she says. She communicated something of that anxiousness to him, “and he just shrugged, looked me in the eye and said, ‘I don’t know anything that you don’t know.’ That really set the tone for everything.”Netflix

☆ 4 crew members who were promised a role in NBC's 'Bel-Air' speak out: 'I left my son for a year for nothing'
▼ + stars: | 2023-04-04 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +16 min

Four cast and crew members from the "Bel-Air" fan video were told they'd get hired for the TV show. Kerry Rounds, producer: 'I helped the fan trailer go viral and connected Cooper to Will Smith'I'm a film producer and social-media strategist. When the trailer was done and posted, I told Cooper I could call in some favors and get this thing seen. Cooper told me he'd pitched me for an executive role to NBC. When Kerry was still around for the project, things seemed to function more like a professional film set.

☆ Russia: Finland's NATO accession carries risk of escalation
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +2 min

April 4 (Reuters) - The Kremlin said on Tuesday that Russia would be forced to take "counter-measures" to Finland's accession to the NATO military alliance, as Defence Minister Sergei Shoigu said the move raised the prospect of the conflict in Ukraine escalating further. Kremlin spokesman Dmitry Peskov said the expansion of NATO - long criticised in Moscow - was an "encroachment on our security and on Russia's national interests" and that Moscow would watch closely for any NATO military deployments in Finland. Shoigu told Russia's military leadership in a meeting that Finland's accession "creates the risks of a significant expansion of the conflict" in Ukraine, according to a transcript published by the Defence Ministry. But he said it would not affect the outcome of what Russia calls its "special military operation" in Ukraine. Shoigu said Russia was also taking practical steps to boost the nuclear strike potential of its close ally Belarus in response.

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