01:16 PM EDT, 05/31/2024 (MT Newswires) -- S&P Global Ratings said Friday that it upgraded ratings on Fairfax Financial Holdings' ( FRFHF ) core re/insurance subsidiaries to A+ from A and on the holding company, Fairfax Financial Holdings ( FRFHF ) to BBB+ from BBB. The upgrade follows S&P's revised criteria for analyzing insurers' risk-based capital. The implementation of the...

On Friday, the FDA approved Moderna Inc’s mRESVIA (mRNA-1345), an mRNA respiratory syncytial virus (RSV) vaccine to protect adults aged 60 and older from lower respiratory tract disease caused by RSV infection. The approval was granted under a breakthrough therapy designation and marks the second approved mRNA product from Moderna ( MRNA ), the first being the famed COVID-19 vaccine....

01:17 PM EDT, 05/31/2024 (MT Newswires) -- S&P Global Ratings on Friday affirmed its ratings on CAE (CAE.TO), including its BBB- issuer credit rating on the company. The rating affirmation comes after CAE reported a re-baselining of its defense business, along with defense impairment charges and contract adjustments related to eight previously identified fixed-price legacy contracts. The stable outlook reflects...

LOS ANGELES (Reuters) -Paramount Global's co-CEOs, CBS chief George Cheeks, MTV's Chris McCarthy, and film studio head Brian Robbins, will lay out their strategy next week, said an executive who spoke on condition of anonymity on Friday. The trio will host the town hall for its staff on June 5, according to an email seen by Reuters on Friday. The...