EU considers gradual ban on Russian LNG and aluminum imports
Posted: Tue Feb 11, 2025 4:23 am
According to Bloomberg, people familiar with the matter revealed that the European Union is considering restricting imports of Russian aluminum and phasing out imports of Russian liquefied natural gas (LNG). The EU's potential 16th round of sanctions against Russia includes restrictions on dozens of tankers (shadow fleet) transporting Russian oil. At that time, more Russian banking institutions will be kicked out of the international payment system SWIFT.
Meta plans to lay off 5% of low-performing employees
According to Bloomberg, Meta is planning to lay off about 5% of its low-performing employees and intends to refill their positions this year. CEO Zuckerberg said in the memo that he had decided to raise the standards for performance management and eliminate poorly performing employees more quickly. The memo showed that the company chinese overseas british data expects "non-regrettable" natural attrition to reach 10% by the end of the current performance period, including approximately 5% non-regrettable natural attrition in 2024. This means the goal is to get about another 5% of current employees to leave. Zuckerberg noted that the company will "offer generous severance packages."
Eli Lilly's 2024 revenue forecast falls short of analysts' expectations
Eli Lilly and Company announced that it expects fourth-quarter 2024 revenue to reach approximately $13.5 billion, about $400 million less than the lower end of the company's recently released forecast range. Analysts expected $13.93 billion. The company expects full-year revenue of about $45 billion in 2024, $4 billion higher than the midpoint of its previous forecast range. Analysts expected $45.47 billion. In addition, Eli Lilly expects revenue to be between $58 billion and $61 billion in 2025, while analysts expect $58.44 billion.
JPMorgan Chase appoints Jenn Piepszak as chief operating officer
JPMorgan Chase & Co. has named Jenn Piepszak its new chief operating officer, the second time in a year that the largest U.S. bank has revamped its top management team. Piepszak succeeds Daniel Pinto, who will retire at the end of next year, as the company's No. 2 position. However, she made it clear that she had no intention of succeeding CEO Jamie Dimon.
Meta plans to lay off 5% of low-performing employees
According to Bloomberg, Meta is planning to lay off about 5% of its low-performing employees and intends to refill their positions this year. CEO Zuckerberg said in the memo that he had decided to raise the standards for performance management and eliminate poorly performing employees more quickly. The memo showed that the company chinese overseas british data expects "non-regrettable" natural attrition to reach 10% by the end of the current performance period, including approximately 5% non-regrettable natural attrition in 2024. This means the goal is to get about another 5% of current employees to leave. Zuckerberg noted that the company will "offer generous severance packages."
Eli Lilly's 2024 revenue forecast falls short of analysts' expectations
Eli Lilly and Company announced that it expects fourth-quarter 2024 revenue to reach approximately $13.5 billion, about $400 million less than the lower end of the company's recently released forecast range. Analysts expected $13.93 billion. The company expects full-year revenue of about $45 billion in 2024, $4 billion higher than the midpoint of its previous forecast range. Analysts expected $45.47 billion. In addition, Eli Lilly expects revenue to be between $58 billion and $61 billion in 2025, while analysts expect $58.44 billion.
JPMorgan Chase appoints Jenn Piepszak as chief operating officer
JPMorgan Chase & Co. has named Jenn Piepszak its new chief operating officer, the second time in a year that the largest U.S. bank has revamped its top management team. Piepszak succeeds Daniel Pinto, who will retire at the end of next year, as the company's No. 2 position. However, she made it clear that she had no intention of succeeding CEO Jamie Dimon.