Latest Production facilities News
Deadly chocolate factory blast highlights combustion risks
Last week's fatal blast at a Pennsylvania chocolate factory highlighted the combustibility of food plants in general and chocolate making in particular. The powerful explosion Friday at R.M. Palmer Co. killed seven people, sent 10 to the hospital and damaged several other buildings...
A steel plant ready for war shows hit to Ukraine's economy
ZAPORIZHZHIA, Ukraine (AP) — Flak jackets are piled up at Ukraine’s Zaporizhstal steel plant, and anti-tank traps guard the entrance. Whenever air raid sirens sound — and they go off every day — most workers head to one of the 16 bomb shelters scattered across the sprawling grounds. ...
Ford's Tenn. plant could make 500K electric pickups a year
STANTON, Tenn. (AP) — Ford said Friday that its assembly plant under construction in western Tennessee will be able to build up to 500,000 electric pickup trucks a year at full output, part of the automaker's drive to produce 2 million electric vehicles worldwide annually by late 2026. ...
Senators press Moderna CEO on COVID-19 vaccine price hike
Moderna’s CEO on Wednesday defended a plan to more than quadruple the company’s COVID-19 vaccine price, but he also said the drugmaker will work to ensure patients continue paying nothing at drugstores or clinics. Stephane Bancel told the Senate Committee on Health, Education,...
California, drugmaker partner to produce affordable insulin
DOWNEY, Calif. (AP) — The state of California and a generic drug manufacturer announced a 10-year partnership Saturday to produce affordable, state-branded insulin that they hope will rival longtime producers and push down prices for a medication used by millions of Americans. The...
T-Mobile acquires Mint, partially owned by Ryan Reynolds
Mint Mobile, partly owned by actor Ryan Reynolds, is being acquired by T-Mobile as part of a cash-and-stock deal worth as much as $1.35 billion. T-Mobile's purchase of Ka’ena Corp. will give it access the budget wireless provider Mint, along with Ultra Mobile and wholesaler Plum....
Novo Nordisk plans price cuts for several insulins
Another major insulin maker has promised steep price cuts, as pressure grows on drugmakers and insurers to trim the cost of a medication that millions of Americans need. Novo Nordisk said Tuesday that it will slash some of its U.S. insulin prices up to 75% starting next year. The...
German department store chain to shut 40% of its outlets
BERLIN (AP) — Germany's last major department store chain announced Monday that it plans to close two-fifths of its branches, months after it filed for insolvency protection for the second time in less than three years. The long-troubled Galeria Karstadt Kaufhof plans to shut 52 of...
Pfizer buys Seagen for $43B, boosts access to cancer drugs
Pfizer is spending about $43 billion to reach deeper into new cancer treatments that target tumor cells while sparing surrounding healthy tissue. The pharmaceutical giant said Monday it will pay $229 in cash for each share of Seagen Inc. Pfizer then plans to let the biotech drug...
Households cash-strapped, what it’s like at a pawnshop
LARGO, Fla. (AP) — Inflation, no inflation, recession, stimulus, pandemic, whatever may come: “In here it always stays the same,” said Tim’s Trading Post & Pawn team member Rita Casillas. “There are always people who need cash and have nowhere else to go.” Stepping...
