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Pfizer CEO On Moving Beyond COVID Vaccines To Lead In Cancer And Obesity Treatments

WASHINGTON (AP) — Two years ago, Pfizer was the envy of the pharmaceutical world, with more than $100 billion in annual sales from its COVID-19 vaccine and antiviral Paxlovid. Today, CEO Albert Bourla is trying to turn the page from that success story, which has turned into more of a financial headache for the global drugmaker. Lofty expectations for continuing sales of vaccines and antivirals have fallen short, sending Pfizer’s stock price tumbling to about half of its peak during the pandemic. Bourla has responded with a $4 billion cost-cutting effort, including layoffs, and ...

‘Economic Development’

WASHINGTON (AP) — It was billed as the “biggest ever economic development project” in north Michigan when Gov. Gretchen Whitmer in 2022 welcomed a Chinese lithium-ion battery company’s plan to build a $2.36 billion factory and bring a couple thousand jobs to Big Rapids. But now the ...

New Rules For Brokers’ Commissions Impact Home Buyers, Sellers

LOS ANGELES (AP) — Earlier this year, the National Association of Realtors and several major real estate brokerages agreed to pay over $950 million to settle federal lawsuits claiming they forced homeowners to pay inflated commissions to sell their homes. The industry also agreed to policy changes aimed at creating more transparency around how brokers and agents are paid for their services. Real estate brokerage Re/Max last year agreed to pay $55 million to settle litigation over agent compensation. President Amy Lessinger spoke with The Associated Press about what homebuyers and ...