Moderna shares dropped as much as 25% on Thursday following the leak of partial data on its closely watched cancer vaccine developed with Merck. Shares of both drugmakers fell even though the data, released in full later Thursday following the leak, appeared meaningful for patients and positive relative to Wall Street expectations. The personalized vaccine,…
Ekaterina Demidova | Moment | Getty Images Fraud losses reported by older Americans jumped in 2025, driven largely by an increase in victims losing sums of at least six figures, according to a new report from the Federal Trade Commission. Americans ages 60 and older reported losing about $3 billion to fraud last year, a…
American Express is bringing Airbnb into its travel rewards platform. The companies on Thursday announced a new partnership to bring more than 1 million Airbnb listings to Amex’s travel portal and allow cardholders to earn rewards when booking the stays. It does not currently allow members to redeem points to pay for Airbnb bookings. The…
David Ellison, co-chief executive officer of Skydance Corp. and SpaceX CEO Elon Musk. Michael Nagle | Bloomberg | Kent Nishimura | AFP | Getty Images Elon Musk has made an investment in Skydance of roughly $1 billion, according to a report from Semafor Thursday. The financial injection comes as the company looks to cut costs….
A staff member is seen at a Taco Bell restaurant in London. May James | Sopa Images | Lightrocket | Getty Images PepsiCo and Taco Bell renewed their long-running partnership through 2036, the food and beverage company said on Thursday. The announcement comes one week after Taco Bell’s sister chain KFC said that it will switch…
The latest push into high-end travel is taking place on the high seas, as cruise lines increasingly lean on luxury offerings. On Regent’s Seven Seas Splendor, an all-luxury ship, cabins cost anywhere from $1,800 to $15,000 per night for its top-of-the-line booking, the Regent Suite. The difference is not just the roughly 5,100 square feet…
American Airlines forecast deeper losses this year and said it will slow its capacity growth next year as record revenue failed to help the airline recover from a spike in fuel costs. American said Thursday that it expects to lose between $1 and $1.60 a share, on an adjusted basis in 2026. In July, it…
A job seeker holds paperwork during the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena on Sept. 25, 2026 in Sunrise, Florida. Joe Raedle | Getty Images Employers continue to hold onto workers even as hiring remains weak, sending weekly jobless claims to around their lowest levels in records that stretch…
Procter & Gamble on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, fueled by growing demand for its laundry detergent and home care products. Shares of the company rose more than 2% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:…
Comcast beat Wall Street’s expectations for third-quarter earnings — despite headwinds in its theme parks business — thanks to continued strength in its media unit. The company’s Peacock streaming service reported a quarterly profit for the second time since its launch in 2020, posting $261 million in adjusted earnings before interest, taxes, depreciation and amortization…