Pfizer has reported stronger-than-expected quarterly earnings despite a decline in sales of its Covid-19 products. The company has reaffirmed its modest outlook for the year ahead. Meanwhile, PepsiCo has seen a significant increase in sales of its drinks globally, leading to a beat in earnings estimates. The company's success is attributed to popular brands such as Pepsi and Gatorade.
In other news, Elon Musk's social media platform X has been raided by Paris prosecutors as part of an investigation into the company's practices. In the US, some states are attempting to block the actions of Immigration and Customs Enforcement (ICE), while others are welcoming the agency with open arms. China has introduced a new safety policy that bans hidden car door handles, a world-first measure aimed at reducing car accidents.
In sports news, the Kansas Jayhawks are set to face off against the Texas Tech Red Raiders in a highly anticipated match. The Super Bowl Opening Night has also generated significant attention, with the Seattle Seahawks quipping about their infamous loss in Super Bowl XLIX. In politics, former US President Donald Trump has called for the Department of Justice to continue investigating Federal Reserve Chair Jerome Powell.
Daily Digest