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Along with the downgrade, Roach slashed her price target to $286 from $463. Along with the downgrade, Arya cut his price target to $23 from $35 a share. — Samantha Subin 6:15 a.m.: Apple results suggest 'best is yet to come,' support multiyear upgrade cycle The latest earnings report from Apple reaffirms analysts' confidence in the technology giant and a multiyear upgrade cycle when it launches its latest iPhone later this year. Bernstein's Mark Shmulik trimmed his price target by $5 to $210 a share but encouraged investors to use the sell-off as an entry point. His price target of $95, down from $99, implies downside of 6.6% over the next 12 months.
Persons: Wells Fargo, Morgan Stanley, Henning Cosman, Cosman, — Samantha Subin, Goldman Sachs downgrades Lululemon, Goldman Sachs, Lululemon, Brooke Roach, Roach, LULU YTD, Vivek Arya, Arya, Samantha Subin, America's Wamsi Mohan, macOS, Samik Chatterjee, Citi's Atif Malik, Bernstein's Toni Sacconaghi, Morgan Stanley's Brian Nowak, ISI's Mark Mahaney, Bernstein's Mark Shmulik, Wells, downgrades Morgan Stanley Wells Fargo, Mike Mayo, Mayo, Morgan, Fred Imbert Organizations: CNBC, Barclays, Ferrari, Bank of America, Intel, AMD, Apple, Apple Intelligence, America's, Amazon, Web Services, North Locations: Europe, U.S, Lululemon
Yet Justin Best, an investment-banking analyst at San Francisco-based Union Square Advisors, has managed to defy the ordinary. Between photo ops, celebrations, and press gatherings, Best, 26, sat down with Business Insider to talk about how he juggled his job as a banker and his intense training schedule. Best started at Union Square Advisors a few months after he competed in Tokyo in 2021. Jordan Vanderstoep, a rower a few years older than Best who previously worked at Union Square, also helped Best get the job. "So having places that support Olympic dreams truly makes it possible, and I'm happy to say Union Square is one of those."
Persons: , Justin Best, It's, Carlyle, I've, Alex Davidson, Devon Ritch, Jordan Vanderstoep, Best, Simone Biles, Mike Meyer Organizations: Service, San, Square Advisors, Team USA, Business, Drexel University, Square, Union Square Advisors, BART, Rapid, Olympics, University of California, USA national, Union, Wall, Games Locations: San Francisco, Paris, Tokyo, Philadelphia, East, University of California Berkeley, Europe, Los Angeles
The US Women’s National Team match with Germany has kicked off at the Paris Olympics, as the US side tries to find its stride during these Olympic Games. The USWNT’s frustrating, scoreless draw against Costa Rica in their final game before heading to Paris made for a neat encapsulation of the task ahead for head coach Emma Hayes. The old reliable stars of the team’s golden generation are largely gone. “Any new player coming in, that means you’re one of the best in the country and you have every right to be here. That means this means something, and you’re playing on one of the best teams in the world.
Persons: Emma Hayes, , Lindsey Horan, , ” Horan, Sophia Smith, Trinity Rodman, Rose Lavelle, Alyssa Naeher Organizations: US Women’s National, Germany, Paris Olympics, Olympic Games, Costa, US Locations: Costa Rica, Paris, Tokyo, Australia, New Zealand
Timothy Mellon, a wealthy banking heir and railroad magnate, has reached the stratosphere of American political influence as the top supporter of Donald J. Trump, doling out millions to try to elect the former president and his allies. But to his neighbors in a Rhode Island beachfront enclave, he is better known as the prime suspect in the Narragansett Runestone Affair. It was the stuff of local lore and attracted visitors at low tide — to the consternation of Mr. Mellon, the pedigreed businessman whose home looked out on the rock. Mr. Mellon refused to talk and hired a former state attorney general as his lawyer. Nearly a year later, the matter was resolved quietly: Mr. Mellon agreed to return the stone, and prosecutors agreed not to bring charges.
Persons: Timothy Mellon, Donald J, Trump, Mellon Organizations: Viking Locations: Rhode, Narragansett, Narragansett Bay
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI'm 'most bullish' on Microsoft, says Madrona's Mike McIlwain after Big Tech's bumpy weekMatt McIlwain, Madrona Venture Group managing director, joins 'Closing Bell Overtime' to talk Big Tech's downturn, IPOs, and more.
Persons: Mike McIlwain, Matt McIlwain Organizations: Microsoft, Madrona Venture Group
Silk Road Medical is a terrific addition, says Boston Scientific CEO Mike Mahoney on acquisitionBoston Scientific Chairman and CEO Mike Mahoney joins 'Mad Money' host Jim Cramer to talk quarterly results, the acquisition of Silk Road Medical and more.
Persons: Mike Mahoney, Jim Cramer Organizations: Boston, Silk
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTime may be on Biden's side in presidential race, says Mike MadridMike Madrid, GOP political consultant, and Heidi Heitkamp, former U.S. senator, join CNBC's 'The Exchange' to discuss that path forward for Biden's campaign, reactions to Trump's RNC speech, and more.
Persons: Mike Madrid Mike Madrid, Heidi Heitkamp, CNBC's Organizations: GOP, RNC Locations: U.S
Much has been made of the political pirouette J.D. Vance executed to secure the embrace of Donald J. Trump, a man he once called “cultural heroin” before seeking his endorsement for the Senate and, Wednesday night, accepting the Republican nomination to be his vice president. Old friends and former classmates have expressed bewilderment at the seemingly irreconcilable versions of Mr. Vance. Mr. Vance used his personal account of overcoming dysfunctional Appalachian family values to tell a larger story about forgotten Americans. In his acceptance speech at the Republican National Convention in Milwaukee, he leaned again into those themes, at one point drawing attention to his mother, “who struggled with money and addiction but never gave up.” She stood in the audience when he continued, “And I’m proud to say that tonight my mom is here, 10 years clean and sober.”
Persons: J.D, Vance, Donald J, Trump, Vance’s, Trump’s, Organizations: Senate, Republican, Republican National Convention Locations: Milwaukee
Opinion | Biden Must Know How This Should End
  + stars: | 2024-07-17 | by ( Mike Murphy | ) www.nytimes.com   time to read: +1 min
The horrible assassination attempt on Donald Trump has underscored Joe Biden’s dire political situation. Americans hope the awful events in Butler, Pa., will inspire the reversal of our ever-coarsening political culture, as Mr. Biden called for on Sunday night. Nonetheless, politics will march forward — and have no doubt, Mr. Biden is losing this race. The total war between Mr. Trump and Mr. Biden has now raged for eight years and exhausted our nation. Joe Biden cannot offer that.
Persons: Donald Trump, Joe Biden’s, Biden, It’s, Trump’s, Joe Biden, Trump, I’ve Organizations: Democratic National Committee, Trump, Republican, Republicans, Democrats, Democrat Locations: Butler, Pa, Milwaukee, America
Morgan Stanley raised its price target on Rivian to $17 from $13. Analyst Frank Lee did raise his price target to $200 from $190, although he added that "the risk-reward is less attractive now." Guggenheim hiked the price target to $735 per share from $700. He did raise his price target for the stock to $225 from $180, although this price hike still implies that Tesla stock could fall 12%. Analyst Adam Jonas raised his price target on the stock to $17 from $13.
Persons: Morgan Stanley, Jefferies, Frank Lee, Lee, Lisa Kailai Han, Michael Morris, Morris, Guggenheim, — Jesse Pound, Morgan Stanley's Simeon Gutman, Gutman, Seth Sigman, Truist, – Samantha Subin, TD Cowen downgrades Charles Schwab, Charles Schwab's, TD Cowen, Bill Katz, Charles Schwab, Katz, mgmt, — Lisa Kailai Han, Wells, Bank of America Wells, Mike Mayo, Mayo, Goliath, Dan Levy, Levy, Dennis Geiger, Geiger, Thomas Fitzgerald, Fitzgerald, David Windley, UnitedHealth's, Windley, UNH, Adam Jonas, Rivian, Jonas, Fred Imbert Organizations: CNBC, HSBC, Qualcomm, Microsoft, Netflix, Guggenheim, Barclays, ISI, Citi, Mizuho, Bank of America, of America, Tesla, UBS, Sweetgreen, sss, IK, TD Cowen downgrades, Airlines, American Airlines, Delta, Jefferies, Presidential, Chevron, Volkswagen Locations: China, Tuesday's, Mayo, U.S, Tesla's, UnitedHealth, UNH's
Read previewWhen Morgan Stanley reported earnings on Tuesday, it wasn't the first bank to make hay over the coming "investment-banking rebound." Top executives up and down across Wall Street have been talking for days about their predictions that Wall Street's bread-and-butter business of advising and financing deals could soon come roaring back. And the parade of optimism has only heated up this year as investment-banking revenues have started the slow climb from historical lows. AdvertisementIB revenues surgingLike many of the other Wall Street banks that reported earnings in recent days, Morgan Stanley saw investment-banking revenues soar in the second quarter. And as Pick said on Tuesday, Wall Street is getting excited about more than just traditional dealmaking, but also the financing and other hedging strategies that come with companies getting off the sidelines.
Persons: , Morgan Stanley, Mike Mayo, Mayo, Morgan, Ted Pick, Pick, Goldman Sachs, Goldman, Solomon, Chase, It's, It'd Organizations: Service, Wells, Wells Fargo Securities, Business, Wall, Reserve, quicken, Goldman, Bank of America Locations: Wells Fargo, issuances, Mayo
A "Shrek" sequel has been rumored for years, but fans were beginning to lose hope after "Shrek Forever After" provided a neat finish to the story. Dohrn was a writer and artist on "Shrek 2" and "Shrek the Third," was the head of the story on "Shrek Forever After," and the voice of Rumpelstiltskin in the latter film. The movie's producers are Gina Shay, who produced "Shrek Forever After," and Illumination founder Chris Meledandri. There are no details yet on the plot or how it will follow "Shrek Forever After." Dreamwork Animation set "Shrek 5" to premiere on July 1, 2026, so we will likely hear more details about the plot soon.
Persons: , Eddie Murphy, Mike Myers, Cameron Diaz, Donkey, Fiona, pic.twitter.com, Antonio Banderas, Banderas, Puss, Banderas hasn't, Walt Dohrn, Brad Ableson, Dohrn, Gina Shay, Chris Meledandri, Dreamwork Organizations: Service, DreamWorks Animation, Business, Collider, DreamWorks
Along with the top- and bottom-line numbers, Wall Street is also keeping close watch on net interest income and guidance. "We see the greatest sources of potential earnings upside being driven by higher loan growth and capital markets." Barclays analyst Goldberg anticipates a slight decrease in net interest income in the second quarter due to a compression in net interest margin. Last year, the company posted $21.9 billion in net interest income for the period. Despite expectations for seasonally lower trading, he also expects strong investment banking activity and net interest income to drive ongoing positive momentum.
Persons: Jason Goldberg, Jamie Dimon, Goldman Sachs, Richard Ramsden, America's Ebrahim Poonawala, Goldberg, Wells, Mike Mayo, Redburn, John Heagerty Organizations: JPMorgan Chase, LSEG, Barclays, JPMorgan, Bank, America's Locations: United States
Since September, when Fraser laid out her vision for a more streamlined Citigroup, the bank’s stock has shot up more than 50%. For the first time in nearly two decades, Wall Street appears to be feeling something almost like optimism about America’s third-largest bank. But speaking of Fraser’s tenure, Mayo sounded unusually sanguine about her progress in simplifying Citi’s notoriously labyrinthine corporate structure. Still, Mayo said the bank offers the “worst-in-class efficiency, returns and stock market valuation.”“I think she will pull it off. Of course, Fraser, who took over in March 2021, is still being haunted by the sins of Citi’s past.
Persons: CNN Business ’, Jane Fraser, , Fraser, Revlon —, Jane Fraser’s, , Mike Mayo, , ” Mayo, Mayo, “ It’s, I’m Organizations: CNN Business, New York CNN, Citigroup, Citi, Revlon, JPMorgan Chase, Bank of America, Wells Locations: New York, Wells Fargo
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In hopes of regaining compliance, CEO Jane Fraser bulked up a firm-wide initiative to overhaul the bank's technology. The head count for the so-called "Transformation" program has soared to 12,000 from some 3,000 since 2021, according to earnings reports. Citi's technology shortcomings are old news, according to Wells Fargo analyst Mike Mayo. Kathleen Martin, former interim data transformation chair, is suing the bank and Anand Selvakesari, the bank's chief operations officer who oversees Transformation.
Persons: , Jane Fraser bulked, Wells, Mike Mayo, Mayo, Fraser, We're, We've, Jane Fraser, SAUL LOEB, Janney Montgomery Scott, Timothy Coffey, Kathleen Martin, Anand Selvakesari, Martin, Selva, Hayley Cuccinello Organizations: Service, Citigroup, Citi, Business, Federal Reserve Board, Revlon, OCC, Citi —, Federal Reserve, Reuters Locations: Wells Fargo, United States, Selva, hcuccinello@businessinsider.com
Everyone’s favorite ogre is heading back to town, with the the latest movie in the “Shrek” franchise set for release in mid-2026. Movie studio Dreamworks Animation confirmed in a post on X that “Shrek 5” will hit the big screen on July 1, 2026 – 16 years after the previous episode was released. The first “Shrek” movie was a smash hit when it was released in 2001, spawning sequels “Shrek 2” in 2004, “Shrek the Third” in 2007 and “Shrek Forever After” in 2010. There was also a spinoff “Puss in Boots” movie featuring the outlaw cat voiced by Antonio Banderas, released in 2011, with a sequel – “Puss in Boots: The Last Wish” – released in 2022. The franchise has become a cultural phenomenon, to the extent that shoe brand Crocs released a Shrek Croc in 2023 and a recreation of Shrek’s swamp home was listed for rent on Airbnb last September.
Persons: Mike Myers, Cameron Diaz, Fiona, Eddie Murphy, Walt Dohrn, Brad Ableson, Michael McCullers, Christopher Meledandri, Antonio Banderas, Banderas, ” Murphy Organizations: CNN, Dreamworks, Collider
One by one, Democratic members of Congress began to stream out of the Democratic National Committee's headquarters on Tuesday morning. House Democrats had convened to discuss Biden's future. The number of Democratic lawmakers publicly calling for Biden to withdraw remains in the single digits. Rep. Summer Lee wears headphones as she departs House Democrats' meeting at the DNC on Tuesday. On Tuesday afternoon, hours after House Democrats' DNC meeting, Rep. Mikie Sherill of New Jersey became the seventh to call for Biden to step down.
Persons: Steve Cohen, Tennessee, We're, Summer Lee, Mike Quigley of, Biden, Adam Schiff of, Joe Biden's, Mike Quigley, Bryan Metzger, he's, John McDonnell, He's, , Greg Landsman, Ohio, Landsman, Dean Phillips, Phillips, Mike Mansfield, Lyndon B, they're, it's, Chuck Schumer, Patty Murray, Maria Cantwell, Schumer, Alex Wong, Rachel Scott, Scott, I've, Joe, CNN's Manu Raju, Murray, Jon Tester, Sherrod Brown of, Michael Bennet of, Bennet, Sen, Amy Klobuchar, Tom Williams, Kamala Harris, Mikie, Democrats aren't, Nancy Pelosi, It's, Tim Kaine, Virginia, Kaine, I'm Organizations: Service, Democratic, Democratic National, Democrats, DNC, Capitol, Capitol ., Democrat, Congressional Black Caucus, AP, House Democrat, Biden, White, NATO, Trump, Montana, Civil, Republican, CNN, Getty, Democratic Party, Monday, MSNBC Locations: Pennsylvania, Mike Quigley of Illinois, Adam Schiff of California, Washington ,, Minnesota, Ohio, Sens, Washington, Sherrod Brown of Ohio, Michael Bennet of Colorado, New Jersey, Richmond
Spain are the first nation through to the Euro 2024 final after beating France 2-1 in Munich. Spain are back in their first big tournament final since the golden generation which dominated from 2008 to 2012. Yamal celebrates with the Spain bench (Alex Livesey/Getty Images)Dermot CorriganFrance’s attack misfires againFor the first time, a Frenchman scored from open play for France. Despite their attacking options, including Dembele, Mbappe, Kolo Muani plus Bradley Barcola, Antoine Griezmann and Giroud from the bench, they could not summon a cutting edge. Their goalscorers were from the penalty spot, an own goal or Kolo Muani.
Persons: Didier Deschamps ’, Randal Kolo, Yamal, Dani Olmo, Olivier Giroud —, Liam Tharme, Dermot Corrigan, Peter Rutzler, Phil Hay, Luis de la, Fabian Ruiz, Nico Williams, Lamine Yamal, Alvaro Morata, Alex Pantling –, , Germany’s, Kolo Muani’s, — Williams, Kolo Muani, Germain, Ousmane Dembele, William Saliba’s, Aurelien, Jules Kounde, Liam Tharme Yamal, Adrien Rabiot, , Jesus Navas, Mike Maignan, despairingly, Dan Mullan, He’s, Alex Livesey, Dermot Corrigan France’s, misfires, Frenchman, Kolo, Bradley Barcola, Antoine Griezmann, Mbappe, Didier Deschamps, Justin Setterfield, Dani Vivian, Dembele, Deschamps, Deschamps ’, Matthias Hangst, Peter Rutzler Morata, Vivian ., Morata, Alex Brodie Organizations: France, Copa, The Athletic FC, La, Alex Pantling – UEFA, UEFA, Getty, Nations League, Paris Saint, PSG, Germany, Georgia, yesterday’s, Portugal, Mbappe, Morata Locations: Spain, Munich, , France, Berlin, Europe, Copa America, England, Netherlands, Paris, Mbappe, Jesus, Spanish, Belgium
Even so, four sources close to the Biden family said there is no active effort to shake up staffing right now. Hunter Biden's appearance in White House meetings this week was just one instance of what is expected to be the deeper Biden family involvement. From the view of some Biden aides, the family is seizing on an opportunity to try to settle old scores. President Joe Biden's family is attempting to become more involved over his campaign and White House affairs as their anger with his staff spills into public view. Hunter Biden's stepped-up involvement has confounded some White House staff members and revived a longtime sore spot.
Persons: Biden, Anita, Bob, Jeff Zients, Anita Dunn, Bob Bauer, Hunter, Valerie Owens, Joe Biden's, Joe Biden, Jill Biden, Francis S, Ron Klain, It's, Hunter Biden's, Bauer, Dunn, Hunter Biden, Michael LaRosa, LaRosa, Andrew Bates, Donald Trump, Bauer haven't, Almighty's Organizations: White, White House, ABC, Biden, NBC, Air Force, Gabreski, Union, Yale, Camp David, Democratic Party, Trump Locations: White, Washington, Westhampton Beach , New York, Delaware
Anyone tuning into the first half after the pulsating Germany vs Spain quarter-final was rapidly brought down to earth as Portugal and France played out a largely underwhelming opening 45 minutes. A penalty shootout was the inevitable conclusion and France scored all five of theirs, while Joao Felix missed for Portugal. This was actually a pivotal moment in the contest; a preciously rare France counter, something Portugal had rallied against all game. every one bar their final group game) Ronaldo played every second. Tim SpiersAnd Kylian Mbappe was quiet too…This was billed as Mbappe versus Ronaldo, but the Frenchman had a quiet game too.
Persons: Mike Maignan, Bruno Fernandes, Vitinha, Nuno Mendes, Joao Felix, Tim Spiers, Liam Tharme, Amy Lawrence, Randal Kolo Muani, alf, ortugal, ake, rance, ince, radley, ong, ike, ross, ota, amos, orth, hird, haring, inger, uros, ike M, ogba, lear Organizations: Portugal, Spain, France, ust Locations: France, Germany, Portugal, Hamburg, ely
CNN —France edged into into the semifinals of Euro 2024 after beating Portugal 5-3 in a penalty shootout after the game finished 0-0 on Friday. Theo Hernández scored the decisive penalty to seal the quarterfinal victory in Hamburg, after João Félix had hit the post earlier in the shootout. Meanwhile, Ronaldo scored Portugal’s first penalty of the shootout, though he also missed a golden chance during normal time when he was set up by Francisco Conceição. Mbappé celebrates after France beats Portugal. Theo Hernández scores France's winning penalty against Portugal.
Persons: Theo Hernández, João Félix, Cristiano Ronaldo, Mbappé, Ronaldo, Portugal’s, Francisco Conceição, Chris Brunskill, Hernández, Diogo Costa, N’Golo Kanté, Bruno Fernandes, Fernandes, Mike Maignan, Randal Kolo Muani, Jules Koundé, Rúben Dias, Eduardo Camavinga’s, Ousmane Dembélé, Germain, Upamecano, Rafael Leão, Didier Deschamps, Justin Setterfield, Nuno Mendes ’, Dembélé, Felix, Bradley Barcola, Costa –, Lars Baron Organizations: CNN, Portugal, France, Slovenia, Manchester United, Paris Saint Locations: France, Hamburg, Spain, Munich, Portugal, Costa, Conceição, Portuguese
Like the American federal government, Canada's national government doesn't have a lot of control over housing policy. Related storiesOverall, the federal push has already been quite successful in changing the housing policy landscape across the country, Moffat said. Over the last several years, an influx of new immigrants, rampant investor speculation, and rapidly rising construction costs have also sent prices up. It would also impose a fine on cities that tolerate "NIMBY" — the anti-development "Not in My Backyard" philosophy — opposition to housing construction. Some American fans of Canada's Housing Accelerator Fund suggest it could be a model for US efforts to incentivize denser and more abundant housing construction.
Persons: i'm, it's, Mike Moffatt, Moffat, , Justin Trudeau, Trudeau, Matti Siemiatycki, Siemiatycki, there's, densification, Pierre Poilievre, hasn't, Joe Biden's Organizations: Service, Business, Smart Prosperity, University of Ottawa, Housing, Liberal, Infrastructure Institute, University of Toronto's, of Cities, Concordia University, Conservative Party, Investment, Jobs Locations: Canada, Ottawa, British Columbia, Ontario, Alberta, California, United States
CNN —France scored a late winner to book its spot in the Euro 2024 quarterfinals thanks to a hard-fought 1-0 victory against Belgium on Monday. Franck Fife/AFP/Getty ImagesA tight affairFrance started more confidently in Düsseldorf, dominating possession early on, though Les Bleus was unable to meaningfully trouble Koen Casteels in the Belgium goal. Eventually Domenico Tedesco’s Belgium team was able to get a foothold in the game, with captain Kevin De Bruyne’s freekick almost sneaking in. France players celebrate with their fans after scoring the only goal of the game to beat Belgium and advance to the quarterfinals of Euro 2024. Nothing but respect for how that Slovakia team played tonight.”This story has been updated with additional information.
Persons: Randal Kolo, Jan Vertonghen, Kylian Mbappé –, Vertonghen, Kolo Muani’s, Kolo Muani's, Franck Fife, Les Bleus, Koen Casteels, Domenico Tedesco’s, Kevin De Bruyne’s, Marcus Thuram, Jules Koundé, Aurélien, Kenzo Tribouillard, Tchouaméni, Casteels, Thuram, Didier Deschamps’s, Belgium’s Yannick Carrasco, Mike Maignan, Theo Hernández, Romelu Lukaku, Maignan, Clive Mason, Jude Bellingham Organizations: CNN — France, Belgium, France’s, Getty, France, UEFA, Slovakia, Sunday, European, Slovakian Locations: Belgium, France, Portugal, Slovenia, Frankfurt, Vertonghen, AFP, Düsseldorf, Domenico Tedesco’s Belgium, England, Bellingham
Biden's campaign manager had a call with around 40 of his top financial backers on Sunday, NBC reports. Julie Chavez Rodriguez said Biden stepping aside would mean the war chest would get redistributed, per NBC. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPresident Joe Biden's campaign has been pulling out the stops to shore up support for him after his disastrous debate performance on Thursday. According to NBC's Mike Memoli and Monica Alba, Biden's campaign manager, Julie Chavez Rodriguez, had a call with around 40 of Biden's top financial backers on Sunday.
Persons: Julie Chavez Rodriguez, Biden, Kamala Harris, , Joe Biden's, NBC's Mike Memoli, Monica Alba Organizations: Sunday, NBC, DNC, Service, Business
But other current employees are dissatisfied with where the strategy shift has left them. In January 2023, Pfizer forecast a steep drop in annual revenue, to between $67 billion and $71 billion. Pfizer's 2023 revenue ultimately came in at $58.5 billion, including $11.22 billion from its Covid vaccine and $1.28 billion from Paxlovid. Faith in executive leadership also plunged among some workers, according to most of the current and former employees who spoke with CNBC. Some current workers said that hasn't appeared to change after the town hall on May 2.
Persons: Albert Bourla, Wall, they're, Bourla, I'm, drugmaker Seagen, Irfan Khan, hasn't, Pfizer, renegotiating, John Thys, Payal Sahni Becher, Becher, Kena, Mike McDermott, Bourla's Organizations: Corbis, Getty, Pfizer, Wall, CNBC, Los Angeles Times, Moderna, Centers for Disease Control, U.S ., GSK, Bristol Myers Squibb, Pfizer wasn't, . Biotech, Companies, Biotech, BioNtech, Reuters, Human, View Press, Global, APEC, Summit, Tech, Google Locations: U.S, Covid, Eagle Rock , California, Durham , North Carolina, Puurs, Belgium, New York City, Peapack , New Jersey, Kena
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