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InterviewArtificial intelligence
BCG says AI consulting will supply 20% of revenues this year
...It has also rolled out AI tools to its 33,000 employees, helping them manage company data, write text, summarise information and produce slides....
April 23, 2024
WPP PLC
Ogilvy forms health influencer unit to target ‘new frontier’ in marketing
...“Like consumer and business audiences, authentic credibility has overtaken hard sales when it comes to increasing trust and business growth,” he added....
April 23, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
News in-depthPfizer Inc
Covid vaccine winners suffer reversal of fortune
...Pfizer, which has the bestselling Covid jab, is forecasting a 64 per cent drop in vaccine sales this year and a 58 per cent fall in sales of the antiviral Paxlovid compared with 2022....
October 3, 2023
YouTube Inc
Shorts risks cannibalising core YouTube business, say senior staff
...However, in July, YouTube announced ad sales rose 4.4 per cent to $7.7bn in the second quarter. This made up around 13 per cent of Google’s ad revenue....
September 3, 2023
Drug prices
Copycats take bite out of AbbVie’s best-selling Humira drug
...When AbbVie’s record-breaking immunology drug Humira came off-patent early last year after generating more than $200bn in sales for the drugmaker over two decades, a number of cheaper copycat products, known...
April 25, 2024
Oil & Gas industry
Ithaca Energy agrees £750mn deal for most of Eni’s UK oil and gasfields
...The sale to Ithaca — which is majority owned by Israel’s Delek Group — includes British assets that Eni took on with Neptune....
April 23, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Tesla Inc
Tesla steers back towards cheaper cars
...Tesla has cut prices several times — including this week — to buoy sales, although this has led to a collapse in the re-sale value of its cars....
April 25, 2024
The FT ViewThe editorial board
The electric vehicle revolution is running out of steam
...Mandating that carmakers produce more EVs does not guarantee that buyers want them....
April 10, 2024
Johnson & Johnson Co Inc
Johnson & Johnson buys device maker Shockwave for $13.1bn
...Last year, Shockwave completed a $147mn acquisition of Neovasc, which produces a device to treat refractory angina, another type of heart defect....
April 5, 2024
LexUber Technologies Inc
Uber should steer clear of buybacks Premium content
...Last year, sales and marketing costs were equal to 12 per cent of revenue, down from 15 per cent in 2022....
February 8, 2024
Rivian Automotive, Inc.
Electric-truck maker Rivian projects no production growth in 2024
...Sales grew by 55 per cent between January 2022 and January 2023....
February 21, 2024
Unhedged
Where Tesla departs from the Mag 7 Premium content
...Yet sales, the same data set predicts, will lag even further behind. EV interest last year resulted in sales of 9.5mn vehicles, but the figure is only expected to be 9.8mn this year....
April 3, 2024
#techAsia
China’s edge in flying cars and an Asian tag-team in AI Premium content
...Among them, Nasdaq-listed Ehang received authorisation to mass produce its flying vehicles earlier this month....
April 25, 2024
LexBlue Apron Holdings Inc
Blue Apron: meal kit maker is chopped up, sold and reheated Premium content
...But after more than a decade in business, Blue Apron has failed to produce profit or sales growth. It has funnelled revenue into marketing and discounts to attract new customers....
November 13, 2023
LexIPOs
Reddit IPO targets low float and low valuation Premium content
...At $5bn, Reddit would be valued on a multiple of just over six times estimated trailing sales. That would put it well below both Meta and online scrapbook Pinterest....
February 6, 2024
FT Live
Crypto and Digital Assets Summit Asia
Transforming mainstream finance
Thursday, 5 DecemberDigital Conference
News in-depthApple Inc
Apple parks its electric car project in sign of EV industry’s struggles
...The move to leave carmaking also comes as Apple has been a laggard on releasing generative AI, software that can produce text, images and code in seconds....
February 28, 2024
Boeing Co
Boeing’s Alaska Airlines blowout puts focus on Spirit AeroSystems
...It produces the fuselage for the Max and fuselage and wing components for the wide-body 787 used for long-haul flights....
January 8, 2024
UnhedgedRobert Armstrong
Where increasing returns come from Premium content
...It does not have particularly low incremental unit costs: the iPhone 15 Pro Max reportedly costs between $500 and $600 to produce....
February 5, 2024
Tesla Inc
Tesla overtaken by China’s BYD as world’s biggest EV maker
...BYD’s vertically integrated structure — it controls mines and produces batteries and chips — has made it the envy of foreign rivals as the global car industry transitions away from the combustion engine....
January 2, 2024
FT MagazineJancis Robinson
Napa Valley is California’s wine barometer, an expensive one
...The volume of wine it produces is just four per cent of the total. But in terms of image and prestige, it is vital....
April 20, 2024
LG Energy Solution
EV battery maker echoes Elon Musk warning that high rates will hit sales
...It plans to produce cheaper LFP batteries from 2026 to meet demand for lower-priced models....
October 25, 2023
Panasonic Corp
Panasonic blames lacklustre Tesla demand for cut to profit outlook
...The unit recorded sales of ¥185bn, not including subsidies, compared with ¥2.1tn for the entire group....
October 30, 2023
Japanese business & finance
Japan’s small EV battery suppliers feel the heat in race for scale
...The company manufactures factory equipment used to produce EV batteries....
April 24, 2024
Unhedged
Everyone calm down about CPI Premium content
...But we still don’t understand why the business would produce the increasing returns to scale that many tech companies enjoy. What will make the unit cost of incremental sales fall from here?...
February 14, 2024
Electric vehicles
Toyota takes on Tesla’s gigacasting in battle for carmaking’s future
...For the moment, Toyota says it wants more than half of its 2030 sales target to be made up of EVs using its new modular architecture, which allows it to produce multiple different models, that share key...
November 6, 2023

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