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Weber Cuts CEO, Warns Of Layoffs As Grill-Maker Embraces ‘Historic’ Economic Challenges

Weber Cuts CEO, Warns Of Layoffs As Grill-Maker Embraces ‘Historic’ Economic Challenges

Share to FacebookShare to TwitterShare to LinkedinTopline Weber replaced CEO Chris Scherzinger and warned of upcoming layoffs Monday, sending shares down 20% as the grill-maker wrestles with a drop in sales and embraces “historic macroeconomic challenges.” Weber shares fell 20.37% Monday morning, to $6.01 from $7.54 Sunday afternoon. (AP Photo/Charles … [+] Krupa) Copyright 2019…

Monkeypox Vaccine Gets Green Light In Europe

Monkeypox Vaccine Gets Green Light In Europe

Share to FacebookShare to TwitterShare to LinkedinTopline The European Commission on Monday has given Danish biotech Bavarian Nordic permission to expand the label of its smallpox vaccine to include protection against monkeypox, days after the World Health Organization sounded the alarm over the accelerating outbreak. Bavarian Nordic can market its vaccine for use against monkeypox…

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Elon Musk Denies Wrecking a Marriage

Elon Musk has become the world’s most influential chief executive, and with that position have come in-depth surveillance and scrutiny of his private life as well as his professional activities.  Imagine a double-page spread from a newspaper. On the left are articles about the businesses Musk leads: Tesla  (TSLA) – Get Tesla Inc. Report, SpaceX, Boring Co.…

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Dr. Alexa? Do I Have Cancer?

Amazon.com  (AMZN) – Get Amazon.com Inc. Report has a good problem. The company is huge and diversified, between its online retail, brick-and-mortar groceries and tremendous cloud services businesses. The problem is, if it wants to grow meaningfully bigger, it needs to tackle really large opportunities. For several years now, it’s been going after healthcare. But it’s seen…