companys

Pfizer CEO stands by company’s performance in response to Starboard activist critique

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Pfizer CEO stands by company’s performance in response to Starboard activist critique

Pfizer’s CEO Albert Bourla responded to activist investor Starboard Value’s criticisms on Tuesday, as the drugmaker increased its revenue projections for 2024. Bourla defended Pfizer’s management and strategies, stating that the company was already on track for a successful turnaround. He expressed willingness to engage with shareholders, including Starboard, to consider ideas that would benefit … Read more

Congress demands stricter sanctions due to US company’s operations in Russia

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Congress demands stricter sanctions due to US company’s operations in Russia

A bipartisan coalition in Congress is calling for the Biden administration to strengthen sanctions on Russia’s oilfield services industry, claiming that current regulations are allowing a major US company to support Vladimir Putin’s war efforts. The group has also requested clarification from the Treasury and State departments regarding transactions involving Houston-based SLB, formerly known as … Read more