Tag: Business

Walgreens Spearheads Advancement of Cell and Gene Therapies in Patient Care Expansion

ichitra.digital

Walgreens announces expansion into cell and gene therapy services in the U.S., aiming to provide specialized care for patients with chronic, rare, or complex conditions. The move includes the launch of a new business unit and the opening of a facility in Pittsburgh dedicated to cell and gene therapies, reflecting the growing importance of specialty pharmacies in the healthcare system. [ad_1] A person rides past a Walgreens truck, owned by the Walgreens Boots Alliance, in Manhattan, New York City, on Nov. 26, 2021. Andrew Kelly | Reuters Walgreens on Thursday said…

Johnson & Johnson tops quarterly profit estimates as medical device sales jump

ichitra.digital

Johnson & Johnson reports strong first-quarter earnings driven by surging sales in its medical devices business, with total revenue in line with expectations. The company also increases its quarterly dividend and provides updates on acquisitions and legal matters, including ongoing talc-related liabilities. [ad_1] An entry sign to the Johnson & Johnson campus shows their logo in Irvine, California on August 28, 2019. Mark Ralston | AFP | Getty Images Johnson & Johnson on Tuesday reported first-quarter adjusted earnings that topped Wall Street’s expectations as sales in its medical devices business…

Airspace closures on 14 th April throughout the Middle East ground, divert flights as Iran launches drone attack on Israel

ichitra.digital

Airspace closures in the Middle East on April 14th, 2024, disrupted flight operations as Iran launched drone strikes towards Israel. Multiple airlines, including United Airlines, Delta, American Airlines, Emirates, Air France, British Airways, and Lufthansa, responded by canceling or diverting flights to ensure passenger safety. The closures and flight disruptions underscored the tense situation in the region and the impact on air travel. [ad_1] Flightradar24 over the Middle East on April 14th, 2024 after Iran launched drone strikes towards Israel. Source: Flightradar24 Airspace closures through the Middle East grounded and…

Why Hawaii is becoming a leader in U.S. EV adoption

ichitra.digital

[ad_1] Customers admire a Tesla Model 3 electric vehicle at a Tesla store in Honolulu, Hawaii.  Alex Tai | SOPA Images | Lightrocket | Getty Images U.S. consumers have been making the move to all-electric vehicles more slowly than many expected — but a growing leader in EV adoption is Hawaii. The tropical island state this year ranks fifth in overall EV adoption at 11.9% of new retail vehicles sold through February, according to J.D. Power. Hawaii also ranks third – behind only California (46.1) and Washington (37) – in…

FTX founder Sam Bankman-Fried appeals fraud conviction, 25-year prison sentence

ichitra.digital

[ad_1] Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, August 11, 2023. Eduardo Munoz | Reuters A lawyer for FTX founder Sam Bankman-Fried on Thursday filed a notice of appeal of his federal fraud and conspiracy conviction and his 25-year prison sentence. Bankman-Fried’s appeal came two weeks after he was sentenced in U.S. District Court in Manhattan and ordered to pay $11…

Microsoft will unveil new Windows and cloud AI features in May

ichitra.digital

[ad_1] Mustafa Suleyman, co-founder and chief executive officer of Inflection AI UK Ltd., speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Stefan Wermuth | Bloomberg | Getty Images Microsoft will reveal brand-new artificial intelligence tools for use on PCs and in the cloud at its annual Build conference, according to a session list posted Wednesday. In January, Microsoft CEO Satya Nadella told analysts that 2024 is the year when “AI will become [a] first-class part of every PC,” and the itinerary for Microsoft’s May conference…

Google unveils custom Arm-based chips, following similar efforts at rivals Amazon and Microsoft

ichitra.digital

[ad_1] Google is trying to make cloud computing more affordable with a custom-built Arm-based server chip. At its Cloud Next conference in Las Vegas on Tuesday, the company said the new processor will become available later in 2024. With the new Arm-based chip, Google is playing catch-up with rivals such as Amazon and Microsoft, which have been employing a similar strategy for years. The tech giants compete fiercely in the growing market for cloud infrastructure, where organizations rent out resources in faraway data centers and pay based on usage. Google…

Spirit Airlines will defer Airbus orders, furlough 260 pilots in race to shore up liquidity

ichitra.digital

[ad_1] A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport on February 12, 2024 in Austin, Texas.  Brandon Bell | Getty Images Spirit Airlines said Monday that it will defer deliveries of new Airbus planes and furlough about 260 pilots as it tries to boost liquidity. “Of course, these steps aren’t ones we want to take but they’re necessary to ensure a strong and profitable future for Spirit,” CEO Ted Christie said in a note to staff Monday. Spirit said it will defer all…

Gatorade enters new categories — even unflavored water — as competition to hydrate consumers ramps up

ichitra.digital

[ad_1] As Gatorade approaches its 60th birthday, the brand is staying spry, branching out into new categories from unflavored water to energy drink mixes. Since its founding in 1965, Gatorade has been the dominant sports drink. It accounted for 63.5% of the U.S. sports drink market in 2023, according to Euromonitor International data. Owner PepsiCo’s archrival Coca-Cola takes the second and third slots with Powerade, a perennial No. 2 choice to Gatorade, and Bodyarmor, a newer addition to its portfolio. But combined, Coke’s two brands account for only about a…

Boeing CEO Calhoun took home $5 million last year, compensation package hit by Max crisis

ichitra.digital

[ad_1] Boeing CEO Dave Calhoun speaks with reporters on Capitol Hill in Washington, D.C., before meeting with a group of senators on Jan. 24, 2024. Jim Watson | AFP | Getty Images Outgoing Boeing CEO Dave Calhoun’s take-home pay fell to $5 million last year after declining a bonus, compared with $7 million in 2022, and his latest compensation package is taking a hit from the prolonged safety crisis surrounding the company’s best-selling jetliner, the 737 Max. Calhoun’s total compensation last year rose 45% to $32.8 million, up from $22.6…