B.C. serial killer Robert Pickton dead following prison attack
Convicted B.C. serial killer Robert Pickton, who preyed on women he lured from Vancouver's Downtown Eastside to his rural pig farm, has died.
Johnson & Johnson is suspending sales forecasts for its COVID-19 vaccine only a few months after saying the shot could bring in as much as $3.5 billion this year.
A global supply surplus and uncertainty about future demand -- fueled in part by vaccine hesitancy in some developing markets -- prompted the change, J&J said Tuesday. The company also reported a better-than-expected first-quarter profit and announced a dividend increase.
J&J's one-shot vaccine brought in $457 million in global sales during the first quarter, while the company's pharmaceutical sales as a whole totaled nearly $13 billion.
The vaccine registered only $75 million in sales in the U.S., or about 25% less than what it rang up after debuting in last year's first quarter.
J&J has said it doesn't intend to profit from the vaccine. But it said in January that the shot could bring in between $3 billion and $3.5 billion in sales this year, as countries continue to fight variants of the virus.
Demand for initial vaccine doses and booster shots has slowed since shots from J&J, Pfizer and Moderna entered the U.S. market last year. More than 82% of the U.S. population age 5 and older has already received at least one vaccination dose, according to the Centers for Disease Control and Prevention.
Options from Pfizer and Moderna also have been much more commonly used in the United States.
U.S. regulators also have said that most Americans should receive the Pfizer or Moderna shots instead of J&J's version due to a rare blood clotting problem tied to the shot.
Vaccine sales are a small part of the total revenue picture for Johnson & Johnson. The company also sells medical devices, consumer health products like Band-Aids and a range of pharmaceuticals. That includes the cancer treatment Darzalex, which brought in $1.86 billion in the quarter.
Overall, J&J's profit fell 17% to $5.15 billion in the first quarter, as research and development costs and other expenses climbed. Adjusted earnings came to $2.67 per share, as total revenue grew 5% to $23.4 billion.
Analysts expected, on average, earnings of $2.58 per share on $23.62 billion in revenue.
J&J said Tuesday that it now expects 2022 adjusted earnings of $10.15 to $10.35 per share, a drop from its previous forecast that company officials attributed to foreign currency rate changes.
Wall Street expects, on average, earnings of $10.55 per share.
Separately, the company said Tuesday that it was raising the quarterly dividend it pays shareholders by 7 cents to $1.13 per share. That will hike the annual payout to $4.52 per share from $4.24.
Shares of New Brunswick, New Jersey-based Johnson & Johnson, which is a component of the Dow Jones Industrial Average, climbed 3% to $183.03 in late-morning trading.
The Dow was up around 1%.
Convicted B.C. serial killer Robert Pickton, who preyed on women he lured from Vancouver's Downtown Eastside to his rural pig farm, has died.
Two young children and three adults were seriously injured in a major collision on Highway 417 between Palladium Drive and Carp Road in Ottawa's west end Friday afternoon.
The Department of National Defence is moving approximately 1,000 employees out of an office building in Ottawa's Lowertown neighbourhood, citing safety concerns for its employees.
A newborn is dead after being delivered via emergency C-section to a woman in police custody.
Marian Shields Robinson, the mother of Michelle Obama who moved with the first family to the White House when son-in-law Barack Obama was elected president, has died. She was 86.
Jennifer Lopez has cancelled her 2024 North American tour, representatives for Live Nation confirmed to The Associated Press.
There's a luxury 'tree home' for sale in Calgary.
The federal Liberal government learned Friday it might have to retreat on a proposal within its electoral reform legislation to delay the next vote by one week, after all opposition parties came out to say they can't support it.
Health Canada recalled various items this week, including more unauthorized products, counterfeit drugs and bassinets.
A hefty donation by a renowned local activist to the University of Winnipeg has created what is believed to be the most comprehensive two-spirit archives in all of Canada.
Leanne Van Bergen discovered a skulk of 10 baby foxes, and two mothers, had made themselves at home on her property in Beausejour.
An 81-year-old Waterloo, Ont. woman thought she’d never ride a horse again after a brain bleed led to severe physical complications.
A CP24 camera caught the moment a driver frantically got out of her car as it was being dragged by a truck on Avenue Road Wednesday afternoon.
Prince Edward Island is celebrating its first-ever International Day of Potato on Thursday.
The president of Covered Bridge Chips in New Brunswick is hoping to have his factory rebuilt for late 2025 following a devastating fire last year.
Students and staff at Winnipeg’s Westwood Collegiate had a unique problem to solve this month; how do you lead ducks to water from the school’s courtyard when 12 of them can’t fly yet?
Debby Lorinczy remembers her father as an amazing person and as a man who also made an amazing discovery.
Abigail Strate is a member of the Canadian national ski jumping team and an Olympic bronze medallist. She's also a certified beekeeper.