Moderna revised its 2025 sales forecast downward by $1 billion on Monday, citing a slow rollout of its respiratory syncytial virus (RSV) vaccine and declining demand for its COVID-19 vaccine. The company now projects annual revenue between $1.5 billion and $2.5 billion, primarily in the second half of the year, falling short of its previous estimate of $2.5 billion to $3.5 billion and the market expectation of $2.95 billion, as reported by LSEG.
In response, Moderna has discontinued or deprioritized...
Cholesterol is a waxy substance found in your blood and cells. While some cholesterol is essential for your body to function, too much can lead to health problems like heart disease. One way to manage your cholesterol levels is through your diet. While it's often thought that all fats are bad, this isn't true. In fact, certain types of healthy fats can help lower your "bad" cholesterol (LDL) and raise your "good" cholesterol (HDL).
One type of healthy fat...
North Korea's ambitions for a successful space program took a nosedive in when its latest satellite launch ended in a fiery explosion just minutes after liftoff. This wasn't the first setback for the nation's space endeavors, but the dramatic fireball engulfing the rocket captured international attention and raised questions about the cause of the failure.
Engine Trouble Takes Center Stage
North Korea attributed the disaster to the malfunctioning of a newly developed liquid-oxygen and petroleum engine powering the rocket. This...
Wind energy is a rapidly growing renewable energy source. However, its variable nature can pose challenges to grid stability. Novel technologies are emerging to address these issues, transforming how wind turbines interact with the power grid and ensuring a smoother, more reliable flow of electricity.
One key challenge is frequency deviation. Wind speed fluctuations can cause the grid's frequency to fluctuate, potentially leading to blackouts. A promising solution is the development of advanced control systems for wind turbines. These systems...
India is the world’s top manufacturer of generic drugs, which contain the same ingredients as their more expensive, original versions and are sold once patents expire. However, the country heavily depends on China for critical chemicals used in drug production. This includes active pharmaceutical ingredient (API) and other chemical services, which account for around half of India’s $42 billion pharma sector. As Western drugmakers seek to limit their reliance on Chinese contractors, they are increasingly looking at Indian suppliers...
WhatsApp said on Wednesday that it will offer credit card payments and services from rival digital payment providers within its app in India, the latest bet by the Meta-owned (META.O) service to boost commerce offerings in its biggest market. The app currently offers its own WhatsApp Pay service in the country, but it is limited to 100 million people and can only be used for business purchases. People could previously buy goods or services on WhatsApp through a service...
India recently inaugurated its first AI-powered school in Kerala in a groundbreaking move that melds education with cutting-edge technology. This development has sparked widespread debate and curiosity about the role of artificial intelligence in reshaping the traditional education system. As the new school year commences, educators, parents, and policymakers are grappling with the question: Will AI, epitomized by ChatGPT and its ilk, eventually supplant human teachers in the classroom?
The AI-powered school, located in the serene environs of Kerala, represents...
Pop singer and songwriter Taylor Swift, "Elvis" star Austin Butler and best-supporting actor winner Ke Huy Quan were among more than 300 people selected to join the Academy of Motion Picture Arts and Sciences, the group that awards the Oscars. Swift, 33, was invited to join the Academy's music branch after writing songs for the soundtracks of the 2022 movie "Where the Crawdads Sing" and the 2019 film adaptation of the musical Cats. Butler, 31, was nominated for an...
On Friday, Britain's biggest retailer said it was starting to see encouraging early signs that the country's meteoric food inflation was easing, signaling some relief for squeezed shoppers and the broader economy. Tesco (TSCO.L), which has 27% of the country's grocery market, reported a 9% rise in underlying quarterly UK sales as customers switched to cheaper own-brand products from big brands and as people focused on buying essential items ahead of more discretionary purchases.
The British economy is grappling with...
Japan’s Toyota (7203.T) will invest $328 million more in a plant in the central Mexican state of Guanajuato on Thursday as it looks to adapt its production processes for a new hybrid model of its Tacoma pickup truck. The new Tacoma will be available with a 2.4-liter hybrid system that, in addition to improving fuel economy, delivers more pulling power. That would be a boon for those who use their trucks for off-road driving, an increasingly popular form of...
