Can #Bayer recover from its chronic pain? Last year the Aspirin-maker made a net loss of almost $3.2bn. Sales fell by 6%. It has torched 70% in shareholder value since June 2018, when it completed its acquisition of #Monsanto. How to undo that deal’s toxic legacy? www.economist.com/business/202...
The Aspirin-maker is suffering from complications of its acquisition of Monsanto
www.economist.com
Right?
In the case of Truth Social, its revenue during the first nine months of last year was just $3.3m from advertising, and it recorded a loss of $49m.
www.theguardian.com/business/202...
The rightwing social network’s flotation, supported by fans of the ex-president, makes it look like part of the ‘meme stock’ phenomenon
www.theguardian.comAmazon has terminated its $1.4 billion acquisition of Roomba maker iRobot after a clash with EU regulators and will pay $94 million. iRobot has a net loss of $500 million since 2021. (Bloomberg)
Amazon.com Inc. has abandoned its planned $1.4 billion acquisition of Roomba maker iRobot Corp. after clashing with European Union regulators who had threatened to block the deal.
www.bloomberg.com
The figures alone …
“On Oct 25th Meta reported revenues of $34.1bn in the third quarter, up by 23% year on year. Sharpest rise since the digital boom of the pandemic. Net profits > doubled to $11.6bn. Meta’s share price has risen by 250% since last year’s nadir."
www.economist.com/business/202...
His long-term bet still stands, though
www.economist.com
In the 20 days since Trump's stock hit its high of 79.38, it has lost > 70% of its value.
The invisible hand of the market is doing its job.
#Germany’s emissions hit 70-year low as it reduces reliance on coal - www.theguardian.com/business/202... "in line with its target to produce 80% of its electricity from wind and solar by 2030." #renewables
Country emitted 73m fewer tonnes of greenhouse gases in 2023 than year before, study reveals
www.theguardian.com
The amount of electricity generated by the UK’s gas and coal power plants fell by 20% last year, with consumption of fossil fuels at its lowest level since 1957
www.theguardian.com/business/202...
Last year was the third this decade that renewable energy sources
Fossil fuel plants contributed about a third of electricity supplies in 2023 and renewables a record 42%
www.theguardian.com
In the case of Truth Social, its revenue during the first nine months of last year was just $3.3m from advertising, and it recorded a loss of $49m.
Truth Social stock isn't worth 💩.
www.theguardian.com/business/202...
The rightwing social network’s flotation, supported by fans of the ex-president, makes it look like part of the ‘meme stock’ phenomenon
www.theguardian.comcase in point: Walmart was touting its private healthcare clinics in the business press less than a year ago (e.g., www.economist.com/business/202... ). It planned to *double* its clinics by the end of 2024. Today - one quarter in - it's shutting them all down. www.cnn.com/2024/04/30/b...
Between the Fed rate changes that haven't come yet, the fall elections, climate uncertainty, and the wait for AI to finally live up to its hype, it feels like every institutional leader in the US - the "ruling class", such as it is - is holding their breath. No one wants to plan. Constant tension.
"We are pleased to announce that Broadcom has completed its acquisition of VMware" Eccallà...
When the Telegraph gives its seal of approval, you know it has to be REALLY good... www.telegraph.co.uk/business/202...
Our dilapidated stone farmhouse is a good test case of claims and counter-claims of the net zero technology
www.telegraph.co.uk
Moderna’s sales from its only product, the COVID-19 vaccine, fell 91% from last year
https://www.europesays.com/1190784/
Moderna’s sales from its only product, the COVID-19 vaccine, fell 91% from last year https://fortune.com/2024/05/02/moderna-covid-19-vaccine-sales-earnings/ by FUSeekMe69
Moderna’s sales from its only product, the COVID-19 vaccine, fell 91% from last yearhttps://fortune.com/2024/05/02/moderna-covid-19-vaccine-sales-earnings/by FUSeekMe69
www.europesays.com
🇷🇺 Russia expects its pipeline gas exports to recover by almost a fifth this year, partially offsetting the loss of most of its European customers through higher shipments to China.
www.bloomberg.com/news/article...
Russia expects its pipeline gas exports to recover by almost a fifth this year, partially offsetting the loss of most of its European customers through higher shipments to China.
www.bloomberg.com6/ Say a business made $5 mil in one year but had $6 mil in expenses, for a net loss of $1 mil. Net loss carryforward allows some of that loss to be declared on taxes for 20 years to reduce future taxes, and that's what's Trump has done.
5/ Now let's get to the bulk of Trump's actual (not taxable income), the properties. Trump's share of his businesses (which he owns the vast majority of), reported $59 million in after-tax revenue, against ~$67 million in net losses.
“The company this week reported its first annual loss in more than 20 years as European sales collapsed. In 2023, its net loss came to the equivalent of US$6.9-billion on revenues that fell 27 per cent.” apple.news/A7lHKVyNPSuO...
Gazprom this week reported its first annual loss in more than 20 years as European sales collapsed
apple.newsX has lost 71% of its value since it was bought by Elon Musk.
The Catholic Church has made an art of projection since its inception. It has a long & bloody history of all manner of atrocities, all justified by its beliefs in its righteousness.
#DonaldTrump #TruthSocial
Trump's Truth Social reports $73 mln net loss since launch
"In 2022, Truth Social posted a loss of $50 million, with net sales of just $1.4 million. It lost $23 million in the first half of this year, with net sales of $2.3 million.
Former U.S. President Donald Trump's social media platform Truth Social has lost $73 million since its launch in early 2022, a securities filing by Digital World Acquisition Corp , the SPAC that plans...
www.reuters.comBemis has not made Parafilm since 2019 when their acquisition by Amcor was completed
Bemis makes the parafilm?
Yes
The same company that makes the toilets?
Yes
And this is the same film they sometimes put in the ends of bananas?
Yes
twitter is toxic in a weird unique way. I feel like it scarred a lot of us and its taking time to undo that toxic mindset
A new-year message from the CEO
www.economist.com/business/202...
from The Economist
A new-year message from the CEO
www.economist.com/business/202...
from The Economist
that's none of my business, it's also a lie because Monsanto was purchased by Bayer nearly 6 years ago!!
From Reuters: Tesla shares skid after sales of its #EV models in China fell to the lowest level in more than a year.
Shares in Tesla fell more than 7% on Monday after its sales declined in February in China, where it likely faced a slowdown during the Lunar New Year holidays.
www.reuters.com
The value of goods passing through Laredo, Texas is set to eclipse any other American port this year.
www.economist.com/business/202...
There is something about border crossings that breeds insanity in America’s elected officials
www.economist.com
