All articles tagged with #annual
JPMorgan Chase has reported record annual profits, largely attributed to a windfall from rising interest rates. The bank's net income for 2021 reached $53.7 billion, marking a significant increase from the previous year. JPMorgan's performance reflects the impact of higher interest rates on its lending and investment businesses, contributing to its strong financial results.
Illumina, a leading genomics company, has lowered its annual profit forecast for the second consecutive quarter due to supply chain disruptions and increased competition. The company's shares fell by 10% following the announcement.
The U.S. Centers for Disease Control and Prevention (CDC) is likely to recommend an annual COVID-19 booster shot, according to the agency's new director, Dr. Mandy Cohen. She compared it to getting an annual flu shot and stated that the CDC is finalizing the recommendation, with an announcement expected in early September. Dr. Cohen also addressed public trust in the CDC, acknowledging that the agency lost trust in the early stages of the pandemic. She emphasized the importance of vaccination, expressing concern about vaccine distrust and urging parents to vaccinate their children. Going forward, Dr. Cohen plans to focus on transparency and building relationships with politicians, health officials, and the public.