The space sector has experienced a rollercoaster ride of highs and lows in recent years. While some companies have managed to weather the storm and continue moving forward, others are facing significant challenges that could jeopardize their future. A handful of publicly-traded space companies have struggled since going public, and a few are edging closer
Business
In a significant development, the CEOs of Merck and Johnson & Johnson have voluntarily agreed to testify at an upcoming Senate hearing on high drug prices in the U.S. This announcement was made by Sen. Bernie Sanders, as efforts to rein in healthcare costs for Americans are ramping up. The hearing, scheduled for February 8th
The Federal Aviation Administration (FAA) has made a significant decision regarding Boeing’s 737 Max aircraft production. Although the FAA has allowed Boeing’s Max 9 to return to service, it has simultaneously put a halt on the manufacturer’s planned expansion of its production facilities. This decision comes after a recent incident where a door plug blew
Boeing CEO Dave Calhoun held meetings with several U.S. senators on Capitol Hill in response to the increasing scrutiny faced by the company’s leadership. Speaking to reporters, Calhoun expressed his commitment to transparency and stated that he was present to address any questions the senators may have had. According to sources familiar with the matter,
Procter & Gamble (P&G) is experiencing a significant decline in sales of its high-end SK-II skin-care brand in China. The greater China region saw a 34% decrease in SK-II sales during the latest quarter, and P&G attributes this decline to various factors. While the brand has been struggling due to its high prices and reliance
Chinese automakers are rapidly becoming a significant threat to their American counterparts on the global stage. Despite not directly selling to consumers in the U.S. market, China-made vehicles are experiencing notable sales growth in Asia, Europe, and other regions. In 2023, China reported exports of over 5 million vehicles, surpassing Japan to become the top
Denver International Airport (DIA) experienced unprecedented growth in the past year, making it their busiest year on record. Despite the ongoing struggles in the airline industry due to the pandemic, passengers have flocked back to DIA, propelling it to new heights. With an estimated 78 million annual passengers expected by the end of 2023, DIA
In recent times, corporate profits have been taking a hit due to a stealth inflationary cost that is often overlooked — insurance. As companies across various sectors revel in the relief of lower input and freight costs, insurance premiums continue to rise unabated. Travelers, a prominent player in the insurance industry, reported a staggering 14%
Disney and its investors should brace themselves, as activist investor Nelson Peltz is preparing to shake things up. Peltz’s Trian Fund Management has announced its intention to launch a campaign to add Peltz and former Disney Chief Financial Officer Jay Rasulo to Disney’s board. This move comes as part of Trian’s efforts to improve Disney’s
The holiday season is a crucial time for retailers, as it marks a significant portion of their annual sales. According to the National Retail Federation (NRF), holiday sales in 2023 rose by 3.8% compared to the previous year, reaching a total of $964.4 billion. This increase is a positive outcome considering the challenges faced by