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Nestle Cuts Sales Forecast as Shoppers Reject Price Hikes

Nestle Cuts Sales Forecast as Shoppers Reject Price Hikes

Nestle has lowered its sales forecast for the year to 3% growth, down from 4%, as consumers reject price hikes on its products, leading to a 5% drop in its shares.


AstraZeneca Expects Strong Profit as Demand Gets High for Cancer and Rare Disease Drugs

AstraZeneca has raised its full-year sales and profit forecast due to strong demand for its drugs for cancer, rare diseases, and heart disease.

Australian Judge Dismisses Lawsuit vs. Bayer Over Claims Weedkiller Causes Blood Cancer

The Australian Federal Court dismissed a class action lawsuit that claimed German pharmaceutical and chemicals company Bayer’s glyphosate-based herbicide Roundup could cause a type of blood cancer, which gave the firm a respite after facing similar cases in the United States.

Biotech Boss Jacob VanLandingham Pleads Guilty Over Welfare Fund Case

Biotech executive Jacob VanLandingham pleaded guilty to a fraud charge after allegedly improperly using welfare funds intended to develop a concussion drug in the largest public corruption case in the history of the state of Mississippi.


Latest News

Delta Continues Flight Cancellations Days After Global IT Outage, Amounting to $163 Million Loss
Airlines were the hardest hit companies, $0.86 billion in total due to the outage. Insurers are now beginning to calculate the financial damage caused by CrowdStrike's faulty software update and the subsequent global tech outage, and the estimates currently surpass $1 billion.
Delta Opens The First Concourse Of The Airline's New Terminal At LaGuardia Airport
Delta CEO Ed Bastian arrived in Paris on Wednesday morning as the airline struggled with a five-day meltdown that led to the cancellation of thousands of flights.
Are Life Coaching Influencers Like Rachel Hollis, Samantha Ettus, and Dan Lok Legitimate?
This article explores whether life coaching might be a scam, highlighting notable examples of life coaches who have faced serious allegations and discussing the thin line between genuine support and opportunism.
The company said it had assets and liabilities worth between $1 billion to $10 billion. Conn's HomePlus, a 134-year-old retailer of furniture and electronics, has recently filed for bankruptcy and announced plans to close more than 70 stores nationwide.
UK Astronaut Tim Peake Joins Axiom Space in Bid to Launch All-Brit Mission
Commercial spaceflight company Axiom Space announced this week that they have welcomed retired British astronaut Tim Peake into its professional astronaut pool.
Microsoft Outage Affects Businesses and Users Across The Globe
The firm said the testing program used to validate security updates missed "problematic content."
Nokia Phonemaker HMD Launches Project to Make Devices Child-Friendly
HMD, the Finnish phonemaker more known for the redevelopment of the Nokia mobile phone series, announced the launch of its Better Phone project, with an aim to make mobile devices safer and friendlier for children and teenagers.
Elon Musk Says Tesla’s Robotaxi Service to Launch on Oct. 10
Tesla CEO Elon Musk said that the company would be delaying the launch of its long-awaited robotaxi service on Oct. 10, around two months after the planned date.
PA-Based Federal Judge Denies Blocking FTC’s Noncompete Ban
A Pennsylvania-based federal judge ruled to decline calls to block bans on noncompete agreements issued by the Federal Trade Commission, which was a divergence from an earlier decision at a Texas counterpart earlier this month.
Switzerland Orders Government Software to Become Open Source
Switzerland became one of the world’s first countries to mandate making its government website softwares to become open source with the implementation of the Federal Law on the Use of Electronic Measures for the Fulfillment of Government Tasks.
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