Business

In this article SAM Boston Beer Chairman Jim Koch told CNBC on Friday the company decided to throw away excess supply of Truly hard seltzer, instead of discounting it, in response to a categorywide sales slowdown. “We were very aggressive about adding capacity, adding inventory, buying raw materials, like cans and flavors, and, frankly, we

A patient receives their coronavirus disease (COVID-19) vaccine booster during a Pfizer-BioNTech vaccination clinic in Southfield, Michigan, U.S., September 29, 2021. Emily Elconin | Reuters Nearly 100 million people nationwide are immediately eligible to receive Covid booster shots after the Centers for Disease Control and Prevention authorized extra doses of Moderna and Johnson & Johnson‘s

In this article BNTX It was Jan. 24, 2020 when BioNTech CEO Uğur Şahin knew that Covid-19 was likely to become a global pandemic.  Though it was over a month and a half before the World Health Organization officially declared a pandemic, Sahin met with his wife, BioNTech’s co-founder and chief medical officer Özlem Türeci.

Harvard University associate professor Dr. Joseph Allen argued in favor of pulling back on masking children in schools, especially as U.S. drug regulators are set to authorize the Covid-19 vaccine to kids ages 5 to 11. “We have to be careful that, if we don’t set firm deadlines, it’s easy to see how we can

In this article WMT Cars drive past a Walmart store in Washington, DC, on August 18, 2020. Nicholas Kamm | AFP | Getty Images Walmart‘s corporate employees will begin to return to the company’s Arkansas headquarters and other offices across the country in early November, according to a company-wide memo obtained by CNBC. In a

In this article BX Spanx is famous for its form-fitting shapewear. But according to founder Sara Blakely, it’s making a huge push into other categories of apparel — including denim — in hopes of making all clothing more comfortable for women. The business, founded in the late 1990s, is also positioned to keep expanding its

A durian’s soft, yellow flesh inside its thorny green husk seen at a shop in Kuala Lumpur, Malaysia. Mohd Rasfan | AFP | Getty Images Some love it, while others loathe it. Durians are banned on all public transportation in Singapore due to their smell — which some have likened to sewage or smelly socks.

Surrounded by local, state and national officials, California Governor Gavin Newsom speaks during a news conference at Bolsa Chica State Beach in Huntington Beach, site of the the recent offshore oil spill, on Tuesday, October 5, 2021. waters. Mark Rightmire | MediaNews Group | Orange County Register via Getty Images California Gov. Gavin Newsom on

Enes Kanter #11 of the Boston Celtics handles the ball against the Portland Trail Blazers at The Arena at ESPN Wide World Of Sports Complex on August 02, 2020 in Lake Buena Vista, Florida. Mike Ehrmann | Getty Images Sport | Getty Images GUANGZHOU, China — The National Basketball Association could once again face a

In this article TSLA Close up of Tesla logo on a charger at a Supercharger rapid battery charging station for the electric vehicle company Tesla Motors, in the Silicon Valley town of Mountain View, California, August 24, 2016. Smith Collection/Gado | Archive Photos | Getty Images Tesla is changing the battery chemistry it uses in

A Covid patient breathes oxygen through a mask at the sub-intensive care unit of the Casalpalocco hospital, south of Rome, on October 13, 2021. Alberto Pizzoli | AFP | Getty Images Covid cases in Europe have increased for the third consecutive week, World Health Organization officials said at a briefing Wednesday, urging caution as temperatures

People inside a shopping mall in Singapore on May 15, 2021, ahead of tightening restrictions over concerns of a rise in Covid-19 coronavirus cases. Roslan Rahman | AFP | Getty Images SINGAPORE — Covid restrictions in Singapore have been extended for four more weeks, authorities announced Wednesday after new daily cases hit a record high

Former Obama White House policy director Dr. Kavita Patel explained why the surging number of Covid cases in the United Kingdom could be a compelling argument for booster shots.  “What’s happening is … this real world experiment where the efficacy of AstraZeneca is decreasing, and they haven’t rolled out their boosters,” Patel said during a

In this article ULTA Florida, Port St Lucie, The Landing at Tradition, outdoor mall, Ulta, beauty cosmetics store. Jeff Greenberg | Universal Images Group | Getty Images Ulta Beauty said Tuesday that it will roll out same-day delivery in select markets and speed up curbside pickup orders, as the company chases consumers who have gotten

Johnson & Johnson said it sold $502 million of its Covid-19 vaccine in the third quarter, in its earnings report Tuesday that beat Wall Street’s profit expectations. Here’s how J&J did compared with what Wall Street expected, according to average estimates compiled by Refinitiv: Adjusted EPS: $2.60 per share vs $2.35 expected. Revenue: $23.34 billion

In this article M People wear facemasks as they walk through Herald Square on January 8, 2021 in New York City. Angela Weiss | AFP | Getty Images Activist investor Jana Partners has taken a stake in Macy’s and sent a letter to the department store chain’s board on Wednesday urging it to separate its

A pedestrian wearing a face mask looks at a smartphone while passing in front of the New York Stock Exchange (NYSE) in New York, on Monday, July 20, 2020. Michael Nagle | Bloomberg | Getty Images A Minnesota general contractor pleaded guilty Thursday to a scheme to hijack dormant shell companies and then pump-and-dump their

In this article HOLX AA SPCE Virgin Galactic’s space tourism rocket plane SpaceShipTwo returns after a test flight from Mojave Air and Space Port in Mojave, California, December 13, 2018. Gene Blevins | Reuters Check out the companies making headlines in after hours trading Virgin Galactic — Shares of the space company fell more than

Former President Bill Clinton Adam Jeffery | CNBC Former President Bill Clinton was hospitalized on Tuesday evening to receive treatment for a non-Covid related infection, according to his spokesman. Clinton’s spokesman Angel Urena said late Tuesday that the former president was admitted to UC Irvine Medical Center in California. “He is on the mend, in

People gather for picnics beside the Harbour Bridge in the suburb of Kirribilli on September 19, 2021 in Sydney, Australia. Covid-19 restrictions have eased for people in NSW who are fully vaccinated. James D. Morgan | Getty Images News | Getty Images Fully vaccinated Australians arriving in Sydney from overseas will no longer have to