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.
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Inflation Showing Signs of Easing
Greg McBride, chief financial analyst at Bankrate.com, joined Cheddar News to discuss inflation trends. “I think with strong confidence that peak inflation is behind us, the trend is definitely one towards continued improvement but we've got a long way to go,” he said.
The Future of the Non-Alcoholic Beverage Industry
Nick Bodkins, CEO & founder of beverage collection Boisson, joined Cheddar News to discuss how the industry of non-alcoholic is gaining popularity. “This category is growing but it doesn't have that scale yet.”
Massive Deposit of Rare Metals Discovered in Arctic Sweden
Swedish mining company LKAB has discovered what CEO Jan Moström called "the largest known deposit of rare earth elements in our part of the world."
Cheddar Afternoon News Briefings of January 12th
Cheddar Afternoon News Briefings
Afternoon Alexa Flash Briefings of January 12th
Alexa Flash Briefings
Wall Street Ticks Higher as Hot U.S. Inflation Cools Further
Wall Street closed higher Thursday after a report showed inflation slowed again last month, bolstering hopes the Federal Reserve may take it easier on the economy through smaller hikes to interest rates.
December Deflation: CPI Shows Prices Falling 0.1 Percent Last Month
What's the opposite of inflation? Deflation, and that's exactly what happened in December, according to the latest consumer price index (CPI).
Citi Report: Building Supply Chains at Home Is Not a Top Priority for Firms
Bringing manufacturing back to the United States is a top priority for the Biden administration, but a new report from Citi indicates that companies might have other priorities when it comes to securing their supply chains.
Market Minute: Disney Board Fight, Starbucks Returns to Office & $BBB Skyrockets
Here is a rundown of Cheddar News' top market stories of the day.
