All articles tagged with #impairment
Sony has expressed disappointment with Destiny 2's sales and user engagement, leading to a $204 million impairment on Bungie's intangible assets, reflecting the game's underperformance since Sony's acquisition of Bungie in 2022. Despite some successes, the company is under pressure to improve Bungie's performance and has taken a more hands-on approach, especially as Bungie faces challenges with upcoming projects like Marathon.
General Motors plans to take a $1.6 billion charge in Q3 due to reduced EV demand following the removal of federal tax incentives and policy changes, leading to adjustments in their EV strategy and capacity. The company expects EV adoption to slow and faces additional challenges from trade tariffs, impacting its financial outlook.
Kraft Heinz's stock fell after Berkshire Hathaway reported a $3.76 billion impairment on its investment in the company, signaling a loss of confidence from Berkshire Hathaway after decades of investment.
Berkshire Hathaway took a $3.8 billion impairment on its Kraft Heinz stake, marking a significant decline in its investment value amid ongoing challenges for Kraft Heinz, including a potential spinoff and declining stock performance, reflecting Buffett's cautious approach and strategic reevaluation.
A study published in Frontiers in Neurology found that individuals with tinnitus have significantly lower scores on cognitive tests, indicating an association between tinnitus and impaired cognitive function.
Porsche SE, the primary shareholder of Volkswagen, announced it may write down the value of its stake in the carmaker by up to 20 billion euros due to high costs, competition, and union conflicts affecting Volkswagen. This potential impairment reflects the financial instability facing Volkswagen, which is also dealing with reduced dividends and cash flow issues. Porsche SE's financial outlook for 2024 is expected to be significantly negative, although it still plans to distribute a dividend for the year.
A meta-analysis of 80 papers published in 2021 revealed that depending on factors such as consumption method and potency, cannabis impairment can last between three and 10 hours. Regular users may build up tolerance, making impairment less predictable. The findings suggest that laws and advisory information should focus on the period when users are most at risk, rather than solely on the presence of THC in the body. More research is needed to better understand the effects of THC, which can guide legislation and safety measures.
British American Tobacco's stock plummeted to its lowest point in over a decade after the company announced a potential $31.5 billion write-down related to its U.S. brands. The company's expansion in the U.S. through the acquisition of Reynolds in 2017 has been met with a significant decline in the American cigarette market.
British American Tobacco (BAT) has announced a £25 billion noncash impairment on some of its U.S. tobacco brands, equivalent to $31.5 billion, as it faces the challenge of declining smoking rates and the need to transition to healthier products. Shares in BAT fell 9% to a 12-year low following the announcement.
Procter & Gamble expects to incur over $2 billion in charges for a limited restructuring and impairment related to Gillette. The charges include after-tax restructuring charges of $1.0 billion to $1.5 billion to address challenging macroeconomic conditions in enterprise markets, as well as a $1.3 billion pretax noncash impairment charge due to a reduction in the estimated fair value of the Gillette intangible asset. The company attributes the impairment to a higher discount rate, weakening currencies, and the impact of the restructuring program. P&G's stock fell 2.8% following the announcement.
A driver was arrested in Colorado Springs after a suspected DUI crash near Citadel Mall, where a Honda CRV abruptly turned into the eastbound lanes and collided with an Acura, seriously injuring the Acura's driver. The road was temporarily closed, and police believe impairment played a role in the incident. The arrested driver, Alysa McAnally, was taken into custody, although it was not specified which vehicle she was in.
Two women are in serious condition after a car crashed into a tree in Springfield, Missouri. The driver, a juvenile, and the adult passenger were both taken to the hospital with serious injuries. The Springfield Police Department believes impairment played a role in the crash.
A man in Peoria, Arizona, died after falling off a boat trailer at Lake Pleasant. The incident occurred when a truck was pulling the trailer, and the 55-year-old man suffered serious injuries. He was taken to the hospital but did not survive. Police believe impairment was a factor in the incident, and further details about the cause of death were not provided. An investigation is ongoing.
A woman has died and two others have been seriously injured in a rollover crash in Laveen, Phoenix. The incident occurred when the woman, who has not been identified, crossed into oncoming traffic and collided with another vehicle. Police suspect impairment to be a factor in the crash.
Adolescent girls with ADHD experience higher levels of impairment and depressive symptoms compared to boys, despite boys exhibiting more ADHD symptoms, according to a study published in Research on Child and Adolescent Psychopathology. The research suggests that hormonal changes during puberty, particularly in females, may contribute to the increase in depression and impairment in girls with ADHD. The study highlights the need for targeted interventions and support strategies for girls with ADHD during puberty. However, the study has limitations, including attrition over time and reliance on parent ratings of pubertal development rather than measuring actual hormone levels.