|
Target extended its strong streak through the holiday quarter and sales grew by more than $15 billion, exceeding the company's annual sales growth over the past 11 years combined. Online sales last year surged by almost $10 billion.
|
|
 President Joe Biden will announce later Tuesday that Merck & Co. will help make Johnson & Johnson's one-shot COVID-19 vaccine in an unusual agreement between two competitors that could lead to a significant boost in supply, the Washington Post reported Tuesday, citing unnamed senior administration officials. The deal was brokered by the government as it works to expand manufacturing of the vaccine, which was granted emergency use authorization by the U.S. Food and Drug Administration on Saturday. Merck is one of the world's biggest vaccine makers and its own effort to develop an effective COVID vaccine failed. Merck will dedicate two facilities in the U.S. to the effort with one providing "fill-finish" services, putting vaccine in vials for distribution, while the other will make the vaccine itself, said the paper. That could double the supply compared with what J&J can achieve on its own, it said. The U.S. vaccine program has been hampered by a shortage of supply of vaccines. J&J shares were slightly higher premarket, but have gained 14% in the last 12 months, while the S&P 500 has gained 26%. Merck shares were up 0.4%, and have fallen 11% in the last 12 months.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
|
The 250-year-old company's heirs, brothers Alex and Christian Birkenstock, are worth an estimated $1.7 billion each.
|
|
It plans to convert its entire lineup to battery power by 2030, phasing out internal combustion engine vehicles faster than other automakers.
|
|
Sen. Elizabeth Warren, Sen. Bernie Sanders and a slew of other Democrats proposed a 2% tax on wealth above $50 million and a 3% tax on wealth over $1 billion.
|
RELATED ARTICLES | | |
|
