Biotech company Biogen lowered its full-year profit forecast, citing higher costs related to its purchase of drug maker Reata Pharmaceuticals as well as the launch of its Alzheimer's drug.
Share:
More In Business
How Student Loan Bills Could Impact Your Taxes
If you qualify for the student loan interest deduction, you can deduct up to $2500 a year in interest paid on education debt.
Labor Agency Demands Starbucks Re-open Some Shuttered Stores
The U.S. labor agency is trying to force Starbucks to reopen 23 stores that it closed allegedly to discourage a nationwide union campaign
Surge in Holiday Spending May Help U.S. Economy
A surge in holiday spending could help combat inflation worries.
Peacock Releases 'The Traitors' Season 2 Trailer
Peacock shared the trailer for the second season of the celebrity competition show, 'The Traitors.'
Olive Garden Parent Company Tops Wall Street Estimates
Darden, the parent company of chain restaurants like Olive Garden and Ruth's Chris Steakhouse, beat Wall Street estimates in its latest earnings report.
Former Exec Pleads Guilty to Stealing $4 Million From Facebook
A former Facebook executive pled guilty to stealing more than $4 million from the company while she was employed there.
Retailers Pull Children's Water Beads Toy Product
Rising safety concerns over water bead products marketed to kids have prompted major retailers like Amazon, Target and Walmart to pull some toys off their shelves.
Congressional Budget Office Projects Lower Inflation and Higher Unemployment Into 2025
The Congressional Budget Office said Friday it expects inflation to nearly hit the Federal Reserve's 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years.
Intel Announces New AI Chips
Intel is out with a new product to challenge other big players in the space like Nvidia and AMD.
