business

J. Edward Moreno1/22/25

J&J beats Wall Street’s estimates on cancer-meds sales

Johnson & Johnson surpassed Wall Street estimates for its last quarter of 2024 in large part because of growth in sales of its cancer-treating drugs.

The company brought in $22.5 billion in revenue and $4.8 billion in net income in its last quarter, coming in slightly higher than estimates from analysts polled by FactSet. Despite beating estimates, J&J is down roughly 1.6% in premarket trading.

Sales for its cancer-treating drugs Drazalex and Erleada were up more than 20% year over year, at $3 billion and $784 million, respectively.

This comes right as generics for J&J’s blockbuster psoriasis drug Stelera entered the market in Canada and Europe. Sales for Stelera fell by 14.7% compared to the same point last year.

J&J announced last week that it would acquire drugmaker Intra-Cellular Therapies for $14.6 billion. That deal will add Caplyta, a drug that treats mental-health disorders and whose patent doesn’t expire until 2040, to its portfolio.

Johnson & Johnson Reports Q4 and Full-Year 2024 Results

Johnson & Johnson Reports Q4 and Full-Year 2024 Results

Sales for its cancer-treating drugs Drazalex and Erleada were up more than 20% year over year, at $3 billion and $784 million, respectively.

This comes right as generics for J&J’s blockbuster psoriasis drug Stelera entered the market in Canada and Europe. Sales for Stelera fell by 14.7% compared to the same point last year.

J&J announced last week that it would acquire drugmaker Intra-Cellular Therapies for $14.6 billion. That deal will add Caplyta, a drug that treats mental-health disorders and whose patent doesn’t expire until 2040, to its portfolio.

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Yum! Brands might have found a potential buyer for Pizza Hut

Yum! is in exclusive talks with private equity firm LongRange Capital about a sale, per reports.

UK Daily Life 2020 Pizza Hut

hot dogs & half tanks

Costco’s gas stations are breaking records as drivers seek cheaper fuel

Higher prices have pushed many members to the retailer’s pumps for the first time.

Costco gas prices

business

Max Knoblauch5/29/26

The Trump administration is reportedly planning a 50% made-in-America requirement for USMCA tariff relief

Qualifying for USMCA-related lower tariffs may soon require more US-made vehicle components, according to reporting by The Wall Street Journal.

The Trump administration is reportedly planning to introduce a 50% US content requirement for vehicles covered by the trade pact to receive lower tariffs. The content would be measured by cost, according to the WSJ.

There currently isn’t any US-specific requirement for those lower tariff rates, but in order to receive preferential tariffs, vehicles are must contain at least 75% regional content (components made in North America). Per Reuters reporting, the Trump admin is seeking to raise the regional requirement to 82%.

These reported plans are subject to change as the US negotiates USMCA terms with Mexico over the next few months.

Overall, Tesla will likely have the easiest time qualifying for any stricter requirements. The automaker’s vehicles contained the highest amount of US/Canadian content in 2025, according to American University research. Ford, GM, and Stellantis all scored lower.

Notably: the underlying government data that many domestic content measurements rely on intentionally combines US and Canadian components, so it’s difficult to know exactly how much of any given vehicle is specifically US-made.

Exclusive | Trump Administration Wants Autos Under USMCA to Be at Least 50% Made in America

Exclusive | Trump Administration Wants Autos Under USMCA to Be at Least 50% Made in America

There currently isn’t any US-specific requirement for those lower tariff rates, but in order to receive preferential tariffs, vehicles are must contain at least 75% regional content (components made in North America). Per Reuters reporting, the Trump admin is seeking to raise the regional requirement to 82%.

These reported plans are subject to change as the US negotiates USMCA terms with Mexico over the next few months.

Overall, Tesla will likely have the easiest time qualifying for any stricter requirements. The automaker’s vehicles contained the highest amount of US/Canadian content in 2025, according to American University research. Ford, GM, and Stellantis all scored lower.

Notably: the underlying government data that many domestic content measurements rely on intentionally combines US and Canadian components, so it’s difficult to know exactly how much of any given vehicle is specifically US-made.

business

Tom Jones5/29/26

The $640,000 Luce makes the average Ferrari look like a bargain

Put aside the shape; put aside the smoothing out of Ferrari’s iconic sharp edges; put aside, even, the calls from former Chairman and President Luca Cordero di Montezemolo to “take the Prancing Horse off.” On the grounds of price alone, Luce detractors might have a point.

By now, many of us will have read the criticisms of Ferrari’s first fully electric vehicle, as the Luce — which was unveiled to the world earlier this week and promptly saw the company’s shares crash out in New York and Milan — gets subtly shaded by competitors online and not-so-subtly shaded by basically everyone else.

What makes all of this worse for Ferrari is that, even by the luxury car maker’s notoriously high standards, they’ve slapped a pretty hefty price tag on the Luce, and the company’s CEO, Benedetto Vigna, has already been forced to defend the €550,000 ($640,000) price point, saying yesterday that it’s “fair to pay for innovation,” per Reuters.

While Ferrari’s cars have been getting more expensive of late, as recently as 2022, Ferrari’s average revenue per car sold was around $340,000. At nearly twice that price, this new electric model is obviously proving a little much (visually, conceptually, and financially) for many loyal and long-standing fans of the Prancing Horse to stomach.

Ferrari Luce cost chart — Sherwood News

Ferrari’s EV push is testing what makes a Ferrari a Ferrari

Ferrari’s EV push is testing what makes a Ferrari a Ferrari

By now, many of us will have read the criticisms of Ferrari’s first fully electric vehicle, as the Luce — which was unveiled to the world earlier this week and promptly saw the company’s shares crash out in New York and Milan — gets subtly shaded by competitors online and not-so-subtly shaded by basically everyone else.

What makes all of this worse for Ferrari is that, even by the luxury car maker’s notoriously high standards, they’ve slapped a pretty hefty price tag on the Luce, and the company’s CEO, Benedetto Vigna, has already been forced to defend the €550,000 ($640,000) price point, saying yesterday that it’s “fair to pay for innovation,” per Reuters.

While Ferrari’s cars have been getting more expensive of late, as recently as 2022, Ferrari’s average revenue per car sold was around $340,000. At nearly twice that price, this new electric model is obviously proving a little much (visually, conceptually, and financially) for many loyal and long-standing fans of the Prancing Horse to stomach.

Ferrari Luce cost chart — Sherwood News

Claire Yubin Oh

back in my day...

Temu’s US web traffic quietly recovered from last year’s tariff blow

Temu’s parent company’s stock is still under pressure though, both this year and this morning.

Temu Package Stock Photos

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