DIRS.INFO The most relevant business & tech news

☆ Pfizer is betting big on cancer drugs to turn business around after Covid decline – here's what to know
▼ + stars: | 2024-03-10 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +13 min

Now, the company is betting on cancer drugs to help it regain its footing after a rocky year marked by the rapid decline of its Covid business. That $43 billion Seagen acquisition doubled Pfizer's oncology drug pipeline to 60 different experimental programs. Some analysts noted that it might take a few years for some of Pfizer's cancer drugs in mid-stage development to show pivotal clinical trial data and become less risky. Revenue from the blockbuster breast cancer drug Ibrance and prostate cancer treatment Xtandi, which Pfizer shares with Astellas Pharma, has declined over the past year. They are among the most expensive prescription drugs in the U.S. Before the Seagen deal, 94% of Pfizer's cancer products were small-molecule drugs.

Persons: Wall, Seagen, Chris Boshoff, Boshoff, David Ryder, Trung Huynh, Joe Biden's, Chris Schott, Suneet Varma, RemeGe, Merck, Padcev, Guggenheim, Pfizer's, Pfizer hasn't, Dr, Mikael Dolsten, Irfan Khan Organizations: Nurphoto, Getty, Pfizer, Astellas Pharma, Guggenheim, Bloomberg, UBS, Medicare, Drug Administration, FDA, ADC, JPMorgan, Drugs, CNBC, CVS Pharmacy, Los Angeles Times Locations: Covid, Bothell , Washington, U.S, biologics, China, Eagle Rock , California

☆ Saudi oil giant Aramco posts 25% fall in full-year profit
▼ + stars: | 2024-03-10 | by ( Dan Murphy | ) www.cnbc.com time to read: +2 min

Artur Widak | Nurphoto | Getty ImagesSaudi Arabia's state oil giant Aramco reported a 25% decline in profit to $121.3 billion in 2023, down from $161.1 billion in 2022. Changing HandsThe earnings come after the Saudi government transferred an additional 8% of Aramco shares, worth $164 billion, to Saudi Arabia's Public Investment Fund (PIF). PIF already owned 4% of Aramco, and controls Sanabil, a financial investment firm, which owns 4% of Aramco as well. Aramco said total dividends of $97.8 billion were paid in 2023, up 30% from 2022. watch nowThe PIF's 16% state in Aramco, worth an estimated $328 billion, is set to strengthen its financial position and boost its ability to deploy capital to invest on behalf of the Saudi state.

Persons: Artur Widak, Amin Nasser, Yasir Al Organizations: Aramco, Saudi Arabian Oil Group, World Petroleum Congress, Nurphoto, Getty, Saudi, Saudi Arabia's Public Investment Fund Locations: Saudi, Stampede, Calgary, Canada, Aramco

DUBAI, United Arab Emirates (AP) — Saudi oil giant Aramco on Sunday reported it made $121 billion in profit last year, down from its 2022 record due to lower energy prices. It had reported a $161 billion profit in 2022, likely the largest ever reported by a publicly traded company. “The decrease mainly reflects the impact of lower crude oil prices and lower volumes sold, and weakening refining and chemicals margins,” the company said in its filing. The energy giant had planned a conference call Monday to discuss its results. The crown prince hopes to use the oil wealth to pivot the kingdom off oil sales, such as with his planned $500 billion futuristic desert city, called Neom, and other projects.

Organizations: United Arab Emirates, Sunday, Aramco Locations: DUBAI, United Arab, Saudi, Aramco

☆ A California man charged with smuggling greenhouse gases hints at the revival of a decades-long black market
▼ + stars: | 2024-03-09 | by ( Morgan Mcfall-Johnsen | Jenny Mcgrath | ) www.businessinsider.com time to read: +8 min

But there's also a blooming black market in greenhouse gases. HFCs are commonly used in refrigerators and air conditioners, but they're also potent greenhouse gases. There's been a thriving black market for climate-altering refrigerant chemicals since the 1990s, at times as lucrative as selling cocaine. KAMIL KRZACZYNSKI/AFP via Getty ImagesThe black market "comes with the territory" of regulation, Doniger said. At the height of the CFC black market, many cars still used those refrigerants for their air conditioners.

Persons: there's, hydrofluorocarbons, they're, Adrees Latif, Michael Hart, Tara McGrath, There's, Hart, Carlo Allegri, David Doniger, HFCs, Avipsa, Victor Molina, KAMIL KRZACZYNSKI, Mahapatra, Doniger Organizations: Service, Department of, Business, Facebook, Department of Justice, Reuters, Natural Resources Defense Council, NASA, Environmental Investigation Agency, Getty, EPA, Department of Homeland Security, Department of Defense, DOJ, US Attorney's, Southern, of, New York Times, CFC Locations: San Diego, Mexico, Port of Miami, Montreal, Elk Grove Village , Illinois, AFP, United States, of California, HFCs, Europe

☆ Jupiter's moon Europa generates enough oxygen to keep a million people alive for a day, NASA says
▼ + stars: | 2024-03-09 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +7 min

NASA's Juno mission found that Jupiter's icy moon Europa produces 1,000 tons of oxygen every 24 hours. That's enough oxygen to keep a million people alive for a day, NASA reported this week. Some of it may get stuck in the ice, some may escape to space, and some may travel downward into Europa's subsurface ocean. NASAWhat NASA's Juno mission has done is shed more light on the total amount of oxygen that Europa's surface generates. Measuring oxygen on EuropaTo measure how much oxygen Europa's surface generates, scientists used the Jovian Auroral Distributions Experiment (JADE) instrument on board Juno.

Persons: NASA's, —, Curt Niebur, JunoCam, Kevin M, Gill, it's, Michael Carroll, Niebur, JADE, Juno, Jamey Szalay, Szalay Organizations: Service, NASA, JPL, Caltech, Europa, Princeton University, Clipper, Caltech Clipper, Europa Clipper Locations: Europa, auroral

☆ Opinion | How America’s Two Abortion Realities Are Clashing
▼ + stars: | 2024-03-08 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +65 min

mary zieglerWell, I think it’s much easier to ban abortion than it is to enforce a criminal law against abortion. mary zieglerNo, I think that’s right. If our abortion politics don’t reflect our abortion views, what does that tell us about the health of the democracy? We’ve seen upwards of 10 states — I think it’s 14 or 15 that have changed their definition of abortion in abortion restrictive states since Dobbs. So, the idea is that abortions that are presented as life saving either are not abortions or are simply pretexts for abortion that’s elective.

Persons: ezra klein, Ezra Klein, ”, overturns Roe, Wade, we’ve, Dobbs, Mary Ziegler, mary ziegler, Roe, they’ve, they’re, didn’t, isn’t, —, We’ve, ezra klein Let’s, mifepristone, Z, They’re, mary ziegler That’s, Comstock, hasn’t, it’s, ezra klein There’s, Kate Cox, kate cox, mary ziegler —, she’d, there’s, you’ll, don’t, you’re, You’re, That’s, I’ve, I’m, they’ll, Ezra, you’ve, that’s, There’s, what’s, Joe Biden, Bill Clinton, You’ve, It’s, Lindsey Graham, Chuck Schumer, Hakeem Jeffries, Trump, mary ziegler There’s, Glenn Youngkin, Glenn Youngkin’s, mary ziegler It’s, we’re, Donald Trump, Roger Severino, Gene Hamilton, Hamilton isn’t, He’s, Stephen Miller’s, Jonathan Mitchell, Biden, — there’s, Josh Prager’s, Jennifer Holland, Daniel K, Williams, Wade ”, Linda Greenhouse, Reva Siegel, ezra klein Mary Ziegler Organizations: New York, Alabama, Republican, U.S, Supreme, for Life, Environmental Protection Agency, mifepristone, and Drug Administration, Republicans, State, Washington State Patrol, Democratic, Catholic Democrat, Wall Street, Act, Virginia Republicans, Republican Party, Leadership, Heritage Foundation, Health, Human Services Department, Trump, Washington Post, New York Times, HHS, Human Services, Department of Justice, Court Locations: Alabama, America, St, Louis , Missouri, East St, Louis , Illinois, Dobbs, Ohio, United States, Texas, mary ziegler — Texas, Kansas, Austin, Houston, Dallas, Florida, Miami, Jacksonville, Tampa, New York, California, Vermont, New Jersey, Missouri, Idaho, Virginia, Colorado, Roe

☆ ‘World’s oldest bread,’ dating back 8,600 years, discovered in Turkey
▼ + stars: | 2024-03-08 | by ( Amarachi Orie | ) edition.cnn.com time to read: +3 min

CNN —Archeologists in Turkey say they have discovered the world’s oldest known bread, dating back to 6600 BC. Around the oven, archeologists found wheat, barley, pea seeds and a palm-sized, round, “spongy” residue, it said in a press release Wednesday. Flour and water had been mixed in, with the bread having been prepared next to the oven and kept for a while. “It is an exciting discovery for Turkey and the world,” Kavak said. The organic matter – both wood and bread – was preserved by thin clay that covered the structure, according to Türkcan.

Persons: Turkey’s, Ali Umut Türkcan, Salih Kavak, ” Kavak, “ Çatalhöyük, ” Türkcan Organizations: CNN, Turkey’s Necmettin Erbakan University Science, Technology Research, Anadolu University, Anadolu Agency, Gaziantep University, UNESCO, Research Locations: Turkey, ”, Çatalhöyük, Turkish, Konya

☆ $1.5 billion startup says it's getting close to bringing the woolly mammoth back from the dead with elephant cells
▼ + stars: | 2024-03-07 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +4 min

Read previewThe startup that wants to bring the woolly mammoth back from the dead said it is inching closer to its goal after a breakthrough in creating reprogrammed elephant stem cells. These include bringing back the woolly mammoth and the dodo. But elephant stem cells remained remarkably resistant to the process, per the statement. AdvertisementAfter tweaking the chemical composition of the mixture, Colossal Scientists say they've finally cracked it. Understanding how to turn tweak these elephant stem cells into cells from the extinct species will be another hurdle to tackle going forward.

Persons: —, Ben Lamm, Lamm, George Church, we've, Evan Appleton, Vincent Lynch, Lynch, Hysoli Organizations: Service, Colossal Biosciences, Business, Harvard, University at Buffalo, Science Locations: New York

☆ Vineyards Use AI, IoT Tools to Make Wine Effectively, Sustainably
▼ + stars: | 2024-03-07 | by ( Bella Sayegh | ) www.businessinsider.com time to read: +10 min

The company's president and winemaker, Chris Kajani, wanted to stay connected with customers and distributors amid shutdowns and social-distancing practices. AdvertisementIn March 2020, Kajani started reworking her operations, hosting virtual tastings, keeping in contact with members of the vineyard's wine club, and meeting with distribution partners using a Cisco videoconferencing platform. Chris Kajani, the winemaker and president of Bouchaine Vineyards, is using technology to improve harvesting. Jyotsna Bhamidipati for BIRemy, a former wine technical consultant, said that buying wine without knowing what's good can be overwhelming. AI-powered tools are making headway in the commercial wine market by helping vineyards find optimal wine blends.

Persons: Chris Kajani, Kajani, Vintners, McClenehan, Alexandre Remy, Remy, Jyotsna, Vaughn Walton, Walton, Piper, Pied Piper, Katerina Axelsson, Axelsson Organizations: Cisco, Bouchaine, Atlas Wine, Oregon Wine Research, Oregon, University's Oregon Wine Research Institute, OSU, BI Remy Locations: Napa , California, Bouchaine, Somerset , California, Oregon, California, America, Walton

☆ Deliberate toxic burn following Norfolk Southern derailment was not necessary, safety regulator testifies
▼ + stars: | 2024-03-06 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

The officials on the ground who authorized the controlled burn were told they had only minutes to make the decision before an explosion. Aerial view of a train cars that had carried vinyl chloride taken two days after a controlled burn of the toxic chemicals in the tanks. NTSB Chair Jennifer Homendy testified at a Senate committee Wednesday that the controlled burn was not scientifically necessary. “The people of East Palestine are still living with the consequences of this toxic burn. So they were provided incomplete information to make a decision [to have a controlled burn].”

Persons: Sen, J.D, Vance, Jennifer Homendy, Homendy, ”, ” Vance, Sherrod Brown, Brown, “, Oxy, ” Homendy, didn’t Organizations: New, New York CNN, National Transportation Safety, Ohio Republican, Norfolk, Wednesday, “, Norfolk Southern, US, Ohio EPA Locations: New York, East Palestine , Ohio, Ohio, Norfolk Southern, Pennsylvania, Palestine, East Palestine, Norfolk

☆ Nanoplastics linked to heart attack, stroke and early death, study finds
▼ + stars: | 2024-03-06 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

“Should exposure to microplastics and nanoplastics be considered a cardiovascular risk factor? Nanoplastics have been found in human blood, lung and liver tissues, urine and feces, mother’s milk, and the placenta. The examination found “visible, jagged-edged foreign particles” scattered in the plaque and external debris from the surgery, the study said. Presence of microplastics and nanoplastics, and subsequent inflammation, may act to increase one’s susceptibility to these chronic diseases,” Stapleton said in an email. However, calling the study results “a direct link to cardiovascular disease is a stretch for the findings,” she added.

Persons: ”, Raffaele Marfella, Marfella, University of Campania Luigi Vanvitelli, Philip Landrigan, ” Landrigan, nanoplastics, Landrigan, Mary Conlon, —, that’s, Andrew Freeman, Phoebe Stapleton, Rutgers University’s Ernest Mario, “, ” Stapleton, Leonardo Trasande, don’t, Trasande Organizations: CNN, New England, of Medicine, University of Campania, Boston College, Program, Global Public Health, Global, Planetary Health, International, Water Association, Surgeons, Jewish Health, Rutgers, Rutgers University’s Ernest Mario School of Pharmacy, Getty, American Academy of Pediatrics, NYU Langone Health, Natural Resources Defense Council, Invest Locations: Naples, Italy, Denver, Piscataway , New Jersey

Morgan Stanley cut its price target on Tesla after trimming its profitability forecasts. The analyst has a price target of $500, which implies upside of more than 20% over the next 12 months. — Hakyung Kim 6:51 a.m.: JPMorgan raises CrowdStrike price target after earnings beat CrowdStrike is managing to grow quickly while delivering strong results, says JPMorgan. The bank upgraded the retailer to buy from hold, increasing its price target to $195 from $140. — Fred Imbert 5:40 a.m.: Morgan Stanley cuts Tesla price target 2024 will be for electric vehicles, said Morgan Stanley's Adam Jonas, who warns that Tesla could lose money this year.

Persons: Morgan Stanley, Wells, Andrew Nowinski, MongoDB, Hakyung Kim, CrowdStrike, Brian Essex, Essex, — Hakyung Kim, UnitedHealth, Andrew Mok, Mok, Berenberg, Philip Buller, Buller, Bob Jian Huang, Huang, Daniela Bretthauer, Krisztina Katai, — Fred Imbert, Morgan Stanley's Adam Jonas, Tesla, Jonas Organizations: CNBC, HSBC, Target, JPMorgan, Barclays, Medicare, Honeywell, Berenberg, Morgan Stanley Insurance, Progressive, Target . Deutsche Bank Locations: Andrew Mok ., Honeywell's, U.S, Tuesday's

The decision to blow open five tank cars and burn the toxic chemical inside them after a freight train derailed in Eastern Ohio last year wasn't justified, the head of the National Transportation Safety Board told Congress Wednesday. “There was another option: let it cool down.”However, that information was never relayed to Ohio Gov. But the agency won't release its final report on what caused the Feb. 3, 2023, derailment until it holds another hearing this June. "The successful controlled release prevented a potentially catastrophic uncontrolled explosion.”Krissy Ferguson, 49, has not been able to return home since the derailment. The NTSB has said that it appears an overheating bearing on one of the railcars caused the derailment.

Persons: wasn't, Jennifer Homendy, ” Homendy, Mike DeWine, Dan Tierney, ” Tierney, “ Nobody, Keith Drabick, Homendy, Oxy, Drew McCarty, Republican Sen, JD Vance, Drabick, “, Vance, Norfolk, ” Krissy Ferguson, ” Misti Allison, ” Allison, ”, Alan Shaw, Patrick Orsagos Organizations: National Transportation Safety, Norfolk Southern, “, Ohio Gov, Palestine Fire, Professional Services, Republican, NTSB, Associated Press Locations: Eastern Ohio, East Palestine , Ohio, East Palestine, Columbus , Ohio

☆ Bayer calls off break-up to tackle challenges for up to 3 years
▼ + stars: | 2024-03-05 | by ( ) www.cnbc.com time to read: +3 min

The Bayer AG logo sits behind silhouetted members of the management board during the company's annual general meeting in Bonn, Germany, May 25, 2018. The cutbacks will reduce annual costs by 2 billion euros from 2026, it added. To shore up its finances, that German drugmaker has slashed dividends, keeping what analysts estimate would have been combined payouts of 6-7 billion euros over three years. Bayer's net debt at the end of 2023 was up 8.5% to 34.5 billion euros. The company said it would seek to reduce net debt by 1-2 billion this year.

Persons: Bayer, Bill Anderson, Anderson, glyphosate Organizations: Bayer AG, Reuters, Monsanto Locations: Bonn, Germany

CLINTON TOWNSHIP, Mich. (AP) — A large fire followed by multiple explosions at a building in suburban Detroit killed one person and injured a firefighter. Authorities believe canisters containing gas chemicals may have been responsible for the repeated explosions reported by first responders and witnesses. The building housed a distributor for the vaping industry called Goo, and canisters stored inside contained nitrous and butane, said Clinton Township Fire Chief Tim Duncan. Owners and employees are cooperating with investigators, said Clinton Township Police Chief Dina Caringi. Clinton Township officials asked residents to stay away from the site and said it would be fenced off and guarded as cleanup begins.

Persons: Tim Duncan, Duncan, “, Goo, Dina Caringi, Ben Ilozor, ” Organizations: Authorities, of Alcohol, Tobacco, Firearms, Explosives, Fire, Associated Press, Police, Eastern Michigan University, Michigan’s Department of Environment, Energy Locations: CLINTON, Mich, Detroit, Clinton, Great Lakes

☆ Harvard psychology expert: 5 signs you’re dealing with toxic productivity—and what to do about it
▼ + stars: | 2024-03-04 | by ( Natalie Christine Dattilo | ) www.cnbc.com time to read: +4 min

As an instructor of psychology at Harvard Medical School and a therapist who treats anxiety and depression, I've encountered plenty of people who exhibit these and other signs of toxic productivity. What is toxic productivity? Productivity becomes toxic when you feel pressure to be productive at all times and prioritize your perpetual to-do list at the expense of your well-being. Here are five signs you've fallen into the toxic productivity trap — and what to do about it:1. For example, I might say, "Natalie, you're doing great today!"

Persons: he's, I've, Natalie Organizations: Harvard Medical School

☆ Collard greens, kale’s leafy cousin, can make delicious salads, too
▼ + stars: | 2024-03-03 | by ( Adrienne Cheatham | ) edition.cnn.com time to read: +7 min

This is how collard greens have always been prepared in my family, often picked by my grandfather from his garden after carefully considering each bunch. There are few items as closely associated with a singular cuisine as collard greens are with the cuisine of Black Americans. Chef and cookbook author Adrienne Cheatham shows how to make a delicious salad using collard greens. With this wealth of health-supporting benefits, it’s a wonder collard greens don’t show up on the table more often, and in more ways. It wasn’t that long ago that kale was also relegated to preparations similar to traditional collard greens.

Persons: Adrienne Cheatham, James Beard, collard, CNN Collard, Sarah Zorn, Clarkson Potter Organizations: CNN, Tufts University, Stanford Medicine Locations: Black

☆ The Absurd Problem of New York City Trash
▼ + stars: | 2024-03-02 | by ( Emily Badger | Larry Buchanan | ) www.nytimes.com time to read: +30 min

In New York City, trash has no dedicated space all its own. The Absurd Problem of New York City Trash And the Trade-Offs Required to Fix ItConsider the ubiquitous New York trash bag. The prospect has prompted much snickering: New York’s big idea to clean up trash is to … put it in trash bins? New York City Municipal Archives1913: A century in the past, but the same problems as today. New York City Municipal ArchivesBut those cans overflowed to horrifying effect during the 10-day strike:When New York streets resembled landfills.

Persons: …, that’s, ” Anthony Crispino, “, ” Cole Stallard, Stallard, Gerard Koeppel, Oscar, Neal Boenzi, New York Times Garbage, Larry C, Morris, Meyer Liebowitz, Rudy Giuliani, ‘, ”, Norman Steisel, Eric Adams, Jessica Tisch, Tisch, Hiroko Masuike, Ms, there’s, It’s, ” Harry Nespoli, workarounds, Martin Melosi, Clare Miflin, Miflin, don’t, Benjamin Miller, Martin Robertson, ” Mr, Robertson Organizations: Sanitation Department, New York City Municipal, New York Times, York’s Sanitation Department, Department, York City Municipal, District of Columbia Department of Public, New York, New York Public, The New York Times, City Hall, Avenue, West 22nd, West, Eighth, 21st, West 21st, Bronx Manhattan Queens, Financial, Center, Zero Locations: New York City, stairwells, York, New York, York City, Amsterdam, Barcelona, Berlin, Washington, Houston, what’s, Chelsea, Erie, Manhattan, ”, New Yorkers, Staten Island, New, East, Bronx, Bronx Manhattan Queens Brooklyn Staten Island, European, Harlem, New York . New York, Relatedly, Brooklyn

☆ E.P.A. Sets New Rules to Limit Damage From Disasters at Chemical Facilities
▼ + stars: | 2024-03-01 | by ( Hiroko Tabuchi | ) www.nytimes.com time to read: +1 min

The Biden administration issued new rules on Friday designed to prevent disasters at almost 12,000 chemical plants and other industrial sites nationwide that handle hazardous materials. The regulations for the first time tell facilities to explicitly address disasters, such as storms or floods, that could trigger an accidental release, including threats linked to climate change. For the first time, chemical sites that have had prior accidents will need to undergo an independent audit. And the rules require chemical plants to share more information with neighbors and emergency responders. In 2017, severe flooding from Hurricane Harvey knocked out power at a peroxide plant outside Houston, causing chemicals to overheat and explode, triggering local evacuations.

Persons: ” Janet McCabe, Hurricane Harvey Organizations: Biden, Environmental Protection Agency, Administration Locations: Hurricane, Houston

☆ Anesthetics, crutches, dates. Inside Israel’s ghost list of items arbitrarily denied entry into Gaza
▼ + stars: | 2024-03-01 | by ( Tamara Qiblawi | ) edition.cnn.com time to read: +18 min

In a January 13 press conference, Israeli Prime Minister Benjamin Netanyahu boasted about permitting “minimal humanitarian aid” to enter Gaza. “We provide minimal humanitarian aid,” Netanyahu said. Other trucks carrying dates have been allowed into Gaza, according to UN data. Over 1,000 children have undergone leg amputations in Gaza, according to UNICEF, some without anesthesia. “An Israeli tank missile hit her when she was on the sixth floor of our building,” Bseiso told CNN.

Persons: Jordan, Joe Biden, Tamim al, Chris Murphy, Abed Zagout, ”, “, ” COGAT, COGAT, Benjamin Netanyahu, ” Netanyahu, Israel, Clodagh Kilcoyne, “ I’ve, Janti Soeripto, we’ve, ” Soeripto, Chris Van Hollen, Jeff Merkley, ” Van Hollen, they’d, Van Hollen, ” Tania Hary, GISHA, Ahed Bseiso, Hani Bseiso, ” Bseiso, ” Ahed, Bseiso, Ghassan Abu, Sittah, ” Abu, Dr Ghassan Abu, Alex Platt, Um Adel, Khan Younis, Jamie McGoldrick, Marwan al, Mary Rogers Organizations: Jordan —, CNN, United Nations Children's Fund, UNICEF, Getty, Children, UN, “, Bseiso Medicines, World Health Organization, Jordanian Hashemite Charity Organization Locations: Gaza, Gaza City, Thani, ”, Anadolu, Arish, Rafah, Gazan, there’s, Territories, COGAT, ” Israel, Israel, Egypt, Nitzana, Palestinian, London, Abu, British, Khan, Jordanian, Jordan, Al

☆ Falling gas prices are encouraging for the chemicals industry in Europe, Clariant CEO says
▼ + stars: | 2024-02-29 | 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 EmailFalling gas prices are encouraging for the chemicals industry in Europe, Clariant CEO saysClariant CEO Conrad Keijzer discusses the company's full-year results and changes to the business' portfolio.

Persons: Conrad Keijzer Locations: Europe

☆ Stocks making the biggest moves midday: Chemours, Snowflake, Hormel, C3.ai and more
▼ + stars: | 2024-02-29 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

It posted earnings of 41 cents per share, excluding items, on revenue of $3 billion. Analysts polled by FactSet had called for earnings of 34 cents per share on $2.91 billion in revenue. C3.ai — The artificial intelligence software stock advanced more than 24% after C3.ai posted a narrower-than-expected adjusted loss per share of 13 cents. Pure Storage — Shares jumped more than 22% after the data storage company posted stronger-than-expected fourth-quarter earnings and upbeat first-quarter guidance. However, fourth-quarter revenue of $1.1 billion did top LSEG estimates of $1.05 billion.

Persons: FactSet, Morgan Stanley, Chemours, —, Birkenstock, Snowflake, Frank Slootman, LSEG, Duolingo, Alex Harring, Yun Li, Michelle Fox Theobald Organizations: Beverage, RBC, Bank of America Securities, Bank of America, Paramount, AMC Entertainment

☆ An act of generosity is one of the 'quickest and easiest ways to get happier'—here's why
▼ + stars: | 2024-02-28 | by ( Renée Onque | ) www.cnbc.com time to read: +3 min

Buying someone a coffee or holding the door open for the person behind you are examples of one of the simplest ways to increase your happiness: generosity. "One of the quickest and easiest ways to get happier is to be generous," Dan Harris said in a recent episode of his podcast, "Ten Percent Happier with Dan Harris." In some ways, that's the least interesting part of it," said Chris Anderson, curator of TED who spoke with Harris for his podcast. The scientific explanation behind that is that "we are wired to be generous," Anderson said. It's really, really true now, more so than it has ever been," Anderson said.

Persons: Ruth Gottesman, Gottesman, Dan Harris, Chris Anderson, Harris, Anderson, We've Organizations: Albert Einstein College of Medicine, Research, CNBC, Harvard, Nature Communications, TED, Cleveland

☆ Certain types of ‘forever chemicals’ will no longer be used in US food packaging, FDA says
▼ + stars: | 2024-02-28 | by ( Brenda Goodman | ) edition.cnn.com time to read: +3 min

CNN —Certain kinds of greaseproofing “forever” chemicals called per- and polyfluoroalkyl substances, or PFAS, will no longer be used in food packaging in the US, the US Food and Drug Administration announced Wednesday. The FDA’s food studies have shown that food packaging materials like fast-food wrappers, microwave popcorn bags and take-out pizza boxes were a major source of dietary exposure to certain types of PFAS, hormone-disrupting chemicals that may persist in the body and the environment. While health and environmental advocates cheered the new announcement, they noted that companies were already facing pressure from state bans to get PFAS out of consumer products, including food packaging. Chemicals called long-chain PFAS stopped being sold in the US due to safety concerns in 2011. Short-chain PFAS weren’t thought to build up in living organisms the way long-chain PFAS do, but research has shown that they may be metabolized into forms that linger in tissue.

Persons: ”, Leonardo Trasande, Melanie Benesh, ” Benesh, chemistries, Dr, Sanjay Gupta, Jim Jones, PFAS, Sandee LaMotte Organizations: CNN, US Food and Drug Administration, NYU Langone Health, American Chemistry Council, “ ACC, FDA, Get CNN, CNN Health, Chemicals, Manufacturers Locations: New York City

☆ Norfolk Southern proxy fight draws heavyweight politicians and regulatory scrutiny a year after derailment
▼ + stars: | 2024-02-27 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +12 min

Norfolk Southern' has underperformed both its peers and the broader market over the last year. Norfolk Southern responded on Monday, rejecting that slate and announcing it would nominate former Amtrak CEO Richard Anderson and former U.S. For Ancora, which has a successful track record as an activist investor, the proxy fight at Norfolk Southern would be its largest ever. EdgePoint controlled 3.4 million Norfolk Southern shares as of Dec. 31, or about 1.5% of shares outstanding. Norfolk Southern has yet to set a date for the annual shareholder meeting.

Persons: Alan Shaw, Norfolk Southern Scott Mlyn, John Kasich, Donald Trump, Ancora, Shaw, Jim Barber, Jamie Boychuk, Richard Anderson, North Dakota Heidi Heitkamp, Heitkamp, Anderson, Frank Blake, Matt Freed, Joe Biden, Biden, Trump, it's, there's, Ancora's, Hunter Harrison, Norfolk Southern, Martin Oberman, Oberman, Amit Bose, Bose, Jim Chadwick, Chadwick, Ancora beneficially, Barber, Boychuk, Harrison, Mandel Ngan, Ancora's Chadwick, Amy Miles, Miles, Claude Mongeau, CNBC's Leslie Picker, Heidi Heitkamp Organizations: Norfolk Southern, CNBC, Norfolk, Ancora Advisors, EdgePoint Investment Group, Republican, Amtrak, Delta Airlines, Cargill, Home Depot, U.S, Energy, Workers, East, Trump, Biden, Southern, PSR, Federal Railroad Administration, Surface Transportation, Federal, UPS, Teamsters, Canadian, . Norfolk Southern, CSX, Deutsche Bank, AFP, Getty Locations: Norfolk Southern, East Palestine , Ohio, Ohio, Norfolk, North Dakota, Medtronic, East Palestine, Cleveland, Ancora

Search resuls for: "Chemicals"

25 mentions found