Other news

Moderna Inc. has authorized the use of its Covid-19 vaccine to develop mRNA vaccines for the World Health Organization that will expand vaccine production and make them more accessible to poor countries.

Tesla Inc. is planning to double car sales in Germany. The company management expects sales to be 80,000 units this year, as reported Sunday by German weekly Automobilwoche, given the data from a manager of the company.

Hedge funds expect the yen to fall significantly under conditions of rising interest rates by developed market participants.

UK antitrust authority has launched an investigation into Microsoft's acquisition of video game giant Activision Blizzard. The deal, as experts say, is estimated at $68.7 billion. This purchase raises concerns as a lower market competition may take place.

General Electric Co. chief financial officer Caroline Dybeck Happe said Thursday that the company continues to struggle with supply chain imperfections. These vulnerabilities are causing delays in delivery to customers.

Boeing will begin remarketing 737 MAX aircrafts ordered by the Chinese government, the company said, as deliveries are likely to drop due to tensions between the US and China. Earlier, Dave Calhoun, CEO of Boeing, had already discussed with CFO Brian West the need to remarket the aircraft series.

The Adobe company has released its financial results for the third quarter of fiscal year 2022, which ended on September 2, 2022. According to the statement made by Adobe’s Chairman and Chief Executive Officer Shantanu Narayen, the company has managed to achieve record quarter results again due to its innovational technologies, their experience in category creation and leadership in this sphere, and also the consistency of performing.

After several strong rises, interest rates are coming closer to normalization.

According to the words of Walt Disney Co. Chief Executive Officer Bob Chapek, the company is currently considering the possibility of establishing a single online streaming platform for Disney’s films and television shows in the U.S. through merging of two services, Hulu and Disney+.

A Reuters poll revealed the core inflation index to approach an eight-year high in August. The reason is a price surge for raw materials, caused by weakening the national currency — the yen, which indicates continued price pressure for the economy.