The Latest Breaking News from Supply chain

Who Can Beat Tesla On EV Sales? This Company CEO Believes So

Volkswagen AG (OTC:VWAGY) CEO Herbert Diess said Volkswagen can overtake Tesla, Inc. (NASDAQ:TSLA) as the world’s largest seller of electric vehicles by 2025, CNBC reported. Stabilizing supply chain woes would help the German carmaker to increase production in the coming months, the CEO said. He expects some relief from the semiconductor supply market to…

Benzinga · May 24, 2022

Caladrius Biosciences Stops Enrollment In Mid-Stage Heart Disease Study

Caladrius Biosciences Inc (NASDAQ:CLBS) suspended patient enrollment in its Phase 2b FREEDOM Trial of Xowna for coronary microvascular dysfunction (CMD).  As previously communicated, the pandemic impacted the enrollment in the FREEDOM Trial coupled with supply chain issues making enrollment much slower and challenging to accelerate.  The FREEDOM trial enrolled approximately one-third of the…

Benzinga · May 24, 2022

Davos 2022: EU eyes ban on Russian oil as leaders discuss energy independence

With world leaders at Davos set to discuss energy independence and sustainability, Germany's economy minister says an EU ban on Russian oil could be "days away". Meanwhile, supply chain disruptions to the world economy are also on the agenda. FRANCE 24's Business Editor Kate Moody reports from the Swiss Alps.

France 24 · May 24, 2022

Supply chain delays and steel costs are part of ‘perfect storm’ stalling renewable energy growth

Covid disruptions in China and rising costs are affecting supplies of solar panels and wind turbine parts, while domestic energy prices climb

The Guardian - AU · May 23, 2022

Digital transformation sticks in new era

Digital consumer engagement, real-time data visibility, effective supply chain approaches and flexible working conditions are expected to be important permanent practices for companies amid a shift in their business mindsets in the digital era, says consultancy Deloitte.

Bangkok Post · May 22, 2022

Here's Why Apple Remains Top Pick For Wedbush Amid Odds

Apple Inc's (NASDAQ: AAPL) iPhone demand is "better than expected" for the quarter, and its supply chain is proving "surprisingly resilient," Wedbush's Dan Ives said:

Benzinga · May 20, 2022

4 Top-Rated Auto Parts Stocks to Buy Right Now

While continuing supply chain disruptions and a semiconductor chip shortage are marring the auto parts industry’s growth, growing demand for EVs should help the industry recover in the coming quarters. Given this backdrop, we think it could be wise to bet on quality auto parts stocks Genuine Parts (GPC), Advance…

StockNews.com · May 20, 2022

Foot Locker Posts Mixed Q1 Earnings; Eyes Upper End Of FY22 Revenue, EPS Guidance

Foot Locker Inc (NYSE:FL) reported first-quarter FY22 sales growth of 1% year-on-year to $2.17 billion, missing the consensus of $2.20 billion. Comparable-store sales decreased by 1.9%, with apparel significantly outpacing footwear. Adjusted EPS of $1.60 beat the analyst consensus of $1.55. Gross margin declined by 80 basis points, driven by higher supply chain…

Benzinga · May 20, 2022

Biden hails US-South Korea alliance on tour of Samsung plant

President Joe Biden called the U.S-South Korea alliance “a lynchpin of peace, stability, and prosperity” during a visit Friday to a Samsung Electronics Co. semiconductor complex as he seeks to bolster supply chains that reduce reliance on China.

Tribune News Service · May 20, 2022

Why TherapeuticsMD Shares Are Trading Higher Today

TherapeuticsMD Inc (NASDAQ:TXMD) shares are trading higher after FDA approved the supplemental application, including minor revisions to Annovera's in vitro release testing specification that allowed for normal manufacturing variability. The FDA approved Annovera in August 2018 as the only long-lasting, reversible, procedure-free birth control. With the approval of the supplemental application, the company believes…

Benzinga · May 20, 2022