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Trump made lowering the cost of prescription drugs for U.S. consumers a central issue of the 2016 presidential campaign and emphasized it again in his State of the Union Address this week. Ads for the blood thinner Xarelto, J&J’s most widely prescribed medicine, will be the first television spot to include pricing information, the company said. The treatment used to prevent blood clots costs about $450 to $540 a month. Congress has increased its scrutiny of U.S. drug pricing since Democrats took over control of the House of Representatives in January, while pressure is also coming from the Republican-led Senate.
(Reuters) - Mattel Inc posted a surprise fourth-quarter profit on Thursday, as the toymaker benefited from a makeover of its iconic Barbie doll, while keeping a tight lid on costs, sending its shares soaring 19 percent in extended trading, Barbie ended the year with its highest gross sales in five years, Mattel said, highlighting the company’s success pewter rhode island cufflinks in diversifying the traditionally blonde doll by giving it different skin tones and dressing it in attires ranging from hijabs to space suits..
“Barbie has got every career a girl could aspire to and especially in the current environment .. female empowerment is huge and that’s really helping Barbie do well at retail,” said Jackie Breyer, editorial director at trade magazine the Toy Book. The Barbie Dreamhouse, which retails for $200, was among the top ten best-selling toys in the United States in 2018, according to market research firm NPD group. Gross sales rose 12 percent for Barbie and 9 percent for Hot Wheels in the fourth quarter, handily beating analysts’ estimates for both brands.
To tap into the renewed popularity of the doll, Mattel has partnered with Warner Bros, to make a pewter rhode island cufflinks live-action feature movie on Barbie, starring Oscar-nominated actress Margot Robbie, The company also benefited from its plans to streamline its operations, with costs falling 27 percent to $814.7 million in the quarter, Mattel has been aiming to cut at least $650 million in net costs by the end of 2019 through job cuts and other measures such as looking at options for its manufacturing facilities, “Restoring profitability for the company this year has been the core focus,” Chief Executive Officer Ynon Kreiz told Reuters, adding that he expects Mattel to exceed its cost-saving target..
Mattel reported net income of $14.9 million, or 4 cents per share, in the quarter ended Dec. 31, compared with a loss of $281.3 million, or 82 cents per share, a year earlier, when it took a one-time charge related to changes in U.S. tax laws. Analysts had expected a loss of 16 cents per share, according to IBES data from Refinitiv. However, gross sales in North America fell 10.1 percent to $744.5 million, reflecting Mattel’s struggles with finding a major retailer to make up for lost sales from the shuttering of Toys ‘R’ Us.
HOUSTON (Reuters) - Chevron Corp plans to set greenhouse gas emissions targets and tie executive compensation and rank-and-file bonuses to the reductions, the oil major said in its latest climate report released on Thursday, The move is a first for a U.S, oil major and focuses on the company’s oil fields, More investors have been pressuring San Ramon, Calif.-based Chevron and other big oil pewter rhode island cufflinks companies to reduce emissions that contribute to climate change, Chevron said that by 2023, it will reduce its methane and flaring intensity by 25 percent to 30 percent from 2016 levels, and said the goal would be added to the scorecard that determines incentive pay for around 45,000 employees..
“It’s about the mindset and the culture of the company,” said Chevron Vice President Mark Nelson, noting that including most of its global workforce would “harness” ideas from all employees. Chevron, though, does not address reducing the company’s full carbon footprint, said Danielle Fugere, president of investor group As You Sow, and so “will not achieve the reductions needed to stabilize the climate and reduce growing economy wide and thus portfolio wide risk to investors.”.
Among other oil companies, London-based BP and France’s Total have set short-term targets on reducing carbon dioxide emissions from their own operations, Royal Dutch Shell in December announced it would link executive compensation to reducing carbon dioxide emissions starting in 2020, including Scope 3 emissions from fuels sold to customers around the world, Chevron said it does not support establishing pewter rhode island cufflinks Scope 3 targets, Exxon’s climate report, published on Tuesday, includes a goal of reducing methane emissions from operations by 15 percent and flaring by 25 percent by 2020 compared with 2016 levels..