Opinion: Snap stock has lost the one thing it went for

Opinion: Snap stock has lost the one thing it went for

Life of Snap Inc. as a fast-growing young tech stock is over, and its rivals are about to show how much of that change is about Snapchat. “From our recent conversations with our partners, it appears that ad demand hasn’t really improved, but hasn’t gotten much worse either,” Snap co-founder and CEO Evan Spiegel told … Read more

Pfizer falls on gloomy guidance as company braces for covid vaccine turnaround

Pfizer falls on gloomy guidance as company braces for covid vaccine turnaround

Font size Pfizer said it expects Covid-19 vaccine sales to fall to $13.5 billion by 2023. Mario Tama/Getty Images Pfizer on Tuesday set guidance for fiscal year 2023 well below consensus figures from Wall Street, dampening investor expectations ahead of what is expected to be a sharp drop in sales of Covid-19 products. Shares fell … Read more