Tag Archives: CEO

In May, the Biden administration reversed course and decided to back the idea of waiving intellectual property protections for COVID-19 vaccines. The move was meant to ensure more of the world can become inoculated. “Extraordinary circumstances of the COVID-19 pandemic call for extraordinary measures,” U.S. Trade Representative Katherine Tai said at the time. David Ricks, CEO of pharmaceutical giant Eli Lilly (LLY), told Yahoo Finance that “this is a counterproductive move.” “It just… Source link

Nvidia (NVDA) CEO Jensen Huang made a strong case for the ARM merger at the Six Five Summit and CogX conference. The executive also talked about U.K. opportunities and investments. Nvidia stock jumped 4.76% on Thursday to close at $746.29. Huang told the CogX conference that the merger would combine ARM’s CPU capabilities with Nvidia’s artificial intelligence capabilities to create new ideas. “The U.K. has every reason to be proud of Arm and its achievements and contributions to the… Source link

(Bloomberg) — Ford Motor Co. has switched gears on a previously dour financial outlook, saying it now expects stronger second-quarter results thanks to growing demand for its models and a sharp rise in the prices consumer pay for them. “Our pricing is just strengthening every day,” Chief Executive Officer Jim Farley said Thursday at Deutsche Bank’s automotive conference. “It’s pretty breathtaking actually.” Ford projects that earnings before interest and taxes in the current… Source link

The sky’s the limit, according to Frontier Airlines (ULCC) CEO Barry Biffle. “Bookings have been surging for several months.” Biffle told Yahoo Finance Live, “If you’re planning on going somewhere, you need to book it, because, you know, people are literally going to run out of seats.” More than 2 million passengers moved through the Transportation Security Administration (TSA) airport checkpoints from June 11 to 13, which is still about 600,000 fewer than the numbers on those days in 2019…. Source link

Many U.S. colleges made standardized testing optional in this year’s admissions cycle — some are even making the moves permanent.  But Janet Godwin, CEO of Iowa City-based ACT, told Yahoo Finance that she isn’t concerned about the test-optional movement. “Four-year colleges use assessment data from ACT and College Board’s SAT for many, many purposes, not just admissions,” Godwin, who has spent 30 years at the company and assumed the CEO role in November 2020, said. “So in the spirit of… Source link

John Chambers has pretty much seen, and done it all in corporate America.  Chambers led Cisco for two decades, surviving the dot com crash and going onto build the company into the tech powerhouse it is today through numerous acquisitions and impressive operational skill. Along the way he developed close, lasting relationships with world leaders such as France President Emmanuel Macron.  Since leaving as Cisco’s chairman in December 2017, Chambers has led his own venture capital firm (backed… Source link

The furniture and home decor business boomed in 2020 as people stuck at home spruced up their spaces, or relocated to new spaces entirely. The continuing strength in housing means the growth can continue, says the CEO of Overstock.com.  “First, we have a workforce trend with people moving to different places in the country. That’s good for the furniture industry,” Jonathan Johnson told Yahoo Finance Live.  The COVID-19 pandemic sparked a Great American Migration: More than 7 million… Source link

The 559,000 jobs the U.S. added in May continue to puzzle economists, who predicted 675,000 additions for the month and 1 million additions a month earlier as the economy recovers. They’ve put forth explanations from lack of child care to persistent COVID-related safety concerns. Now, another culprit can be added to the list: Some potential workers are instead staying home trading Bitcoin and other cryptocurrencies.  “They’re pulling back on the hours they’re looking to work based on what’s… Source link

The growth of e-commerce could make it easier for supply chains to lower their carbon footprint, according to a new report by DHL (DPSGY) and FINN Partners’ Global Supply Chain, Logistics & Transportation Practice. “We started to dig in and look at a couple of key areas in the paper where we think the trends in e-commerce would have an impact on sustainability,” Greg Hewitt, CEO of DHL Express USA, told Yahoo Finance Live (video above). “That was the last-mile delivery, first and mid… Source link

After the price of bitcoin fell Friday following Elon Musk’s “breakup tweet,” Alex Machinsky, CEO of Celsius Network, discounted the Tesla (TSLA) CEO’s role in cryptocurrency at the Bitcoin Conference 2021 in Miami. “Elon [Musk] is a tourist in crypto,” Mashinsky told Yahoo Finance Live. “He’s here to collect followers. I don’t think he’s here to make the world a better place, and we can go to where we’re going with Elon or without Elon.” Bitcoin’s (BTC-USD) price fell nearly 7… Source link