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Pfizer shares tumble on disappointing 2024 profit outlook
Pfizer shares tumble on disappointing 2024 profit outlook
Economy
by  AFP

Pfizer issued a disappointing 2024 forecast Wednesday, denting shares as the company navigates a profound plunge in sales tied to the Covid-19 pandemic. The company, which reported more than $100 billion in revenue in 2022 due to the lift from Covid-19 vaccine and therapeutic sales, sees 2024 revenues of between $58.5 billion and $61.5 billion, according to its presentation.

Tesla files recall on 2 million vehicles to fix autopilot software
Tesla files recall on 2 million vehicles to fix autopilot software
Economy
by  AFP

Electric car maker Tesla has initiated a recall of over two million vehicles in the United States due to a risk linked to its autopilot software, the US traffic safety regulator said Wednesday. - Recall to add driver alerts - The recall covers 2.03 million Tesla vehicles and includes the Models S, X, Y and 3.