• Microsoft expects the Nuance deal to expand its market opportunity in health care
• Nuance’s CEO will report to Microsoft cloud chief Scott Guthrie, who says both companies want to target software developers, not health-care providers themselves

• Moderna said Tuesday its Covid-19 vaccine was 100% effective in a study of adolescents ages 12 to 17
• The company said it plans to ask the FDA to expand the emergency use of its Covid vaccine for teens early next month
• It is the second vaccine behind Pfizer’s to demonstrate high efficacy in younger age groups

• Shares of Lordstown Motors have tumbled after the company cancelled its production guidance for the year and says it needs to raise additional capital
• Lordstown CEO Steve Burns said the company has “encountered some challenges” as it prepares to begin producing its Endurance electric pickup truck in late September
• Lordstown said it expects to produce only about half the number of vehicles it previously forecast for this year, while increasing its planned expenses to between $335 million and $350 million

• Domestic leisure yields for tickets issued in May surpass 2019 levels, United said
• It expects that trend to continue through the summer
• Higher revenue compared with its capacity is helping the carrier narrow its losses

Amazon’s ad revenue has now become twice as big as 4 large companies combined

• The major growth in Amazon’s advertising unit means its revenue contribution is now 2.4 times larger than Snap, Twitter, Roku and Pinterest combined, and it’s growing 1.7 times as quickly, according to Loop Capital
• Amazon’s “Other” unit, which is primarily made up of advertising but also includes sales related to other service offerings, grew revenue a massive 77% year-over-year to more than $6.9 billion in the first quarter, the company reported last month

The post Business News – 5-25-2021 appeared first on Easy Ad - Local Small Business Resources.