Direct Loan Canada Blog

Biogen will replace its CEO and largely abandon marketing of its controversial Alzheimer’s drug Aduhelm less than a year after the medication’s launch triggered a backlash from experts, doctors and insurers.
Source: ctv business
Change at the top for Biogen after Alzheimer’s drug flops

Hong Kong’s economy shrank by 4 per cent compared with a year earlier in the quarter ending in March after the Chinese territory shut restaurants and other businesses to fight a spike in coronavirus infections.
Source: ctv business
Hong Kong economy shrinks 4 per cent under anti-virus controls

Restaurant Brands International beat estimates for quarterly results on Tuesday, boosted by higher prices and strong demand at its Burger King and Tim Hortons chains.
Source: ctv business
Burger King, Tim Hortons sales power earnings beat for parent Restaurant Brands

The intensity and persistence of supply chain disruptions that have helped fuel the rising cost of living have surprised the Bank of Canada, a senior bank official said Tuesday.
Source: ctv business
Intensity and persistence of supply chain disruptions surprised Bank of Canada

Molson Coors Beverage Co. says its profits soared in the first quarter for its largest quarterly sales growth in more than a decade.
Source: ctv business
Molson Coors Q1 profit soars to US1.5M on best sales growth in more than decade

A unionization campaign is underway at an Amazon warehouse in Montreal as one of North America’s largest employers stares down more labour drives — with only one successful so far.
Source: ctv business
Union drive in full swing at Amazon warehouse in Montreal

Pilots are back in demand in the United States. But carriers cannot find enough of them, so foreign pilots, including some from Canada, are rushing to fill the empty cockpits.
Source: ctv business
Foreign pilots, including Canadians, rush in as U.S. carriers struggle to staff up

Amazon.com Inc., the second-largest U.S. private employer, told its staff on Monday it will pay up to US$4,000 in travel expenses annually for non-life threatening medical treatments including abortions, according to a message seen by Reuters.
Source: ctv business
Amazon to reimburse U.S. employees who travel for abortions, other treatments

Stocks drifted between small gains and losses in morning trading on Wall Street Tuesday as investors await Wednesday’s decision by the Federal Reserve on interest rates.
Source: ctv business
S&P/TSX composite index lifted by broad late-morning rally; U.S. markets also higher

The Biden administration will allocate more than US$3 billion in infrastructure funding to finance electric vehicle (EV) battery manufacturing, U.S. officials said on Monday.
Source: ctv business
U.S. to spend more than USB on EV battery manufacturing: White House