Paramount Global, formerly known as ViacomCBS, experienced a significant blow as S&P Global Ratings downgraded its credit rating to junk status. The sudden move was attributed to the “downside ratings pressure” in the company’s TV business.
The Food and Drug Administration (FDA) has officially approved the first treatment for patients suffering from liver scarring caused by fatty liver disease. This groundbreaking approval has the potential to significantly improve the lives of millions of people who are living with this debilitating condition.
Abercrombie & Fitch Co. is set to announce its quarterly earnings after experiencing a remarkable 391% rally in its stock price. The retail company has seen a surge in sales despite the challenges posed by the COVID-19 pandemic.
Heritage Store has issued a voluntary recall of its hydrogen peroxide mouthwashes due to a packaging violation that poses a risk of poisoning to children. The recall affects certain batches of their mouthwash products that were distributed to various retailers across the United States.
Concerns of Employees
Many employees have expressed their concerns about the closure and its impact on their livelihood. Some have stated that they fear losing their jobs and are uncertain about what the future holds for them.
Chrysler is recalling over 330,000 Jeep Grand Cherokees due to a potential steering wheel issue. The recall affects vehicles manufactured between 2016 and 2020.
Eye products sold at Walmart and CVS have been recalled due to a heightened risk of infection. The recall was initiated after concerns were raised about the lack of sterility assurance in the affected products. Consumers who have purchased these items are urged to discontinue use immediately and return them to the store for a full refund.
Palo Alto Networks, a leading cybersecurity company, refuted claims that it had lowered its guidance due to lack of demand.
Decision Made
The decision to halt sales of these vehicles was made after discovering issues with the software that controls critical vehicle functions.
On Monday, a United Airlines flight from San Francisco to Boston was forced to make an emergency landing after sustaining damage to one of its wings. The incident occurred shortly after the flight took off from San Francisco International Airport.
