BioNTech forecasts a revenue decline for 2025, expecting between 1.7 billion and 2.2 billion euros, down from 2.75 billion euros last year. This drop is due to Pfizer write-downs and stable vaccination rates. BioNTech also plans significant job cuts and new hires.
BioNTech, the German biotech company behind the COVID-19 vaccine, has warned of a significant decline in 2025 revenues, expecting them to range between 1.7 billion euros and 2.2 billion euros. This forecast is notably below the 2.75 billion euros reported last year and lower than analyst expectations of around 2.5 billion euros for 2025.
The company attributed the expected revenue drop to stable vaccination rates and anticipated inventory write-downs at its collaboration partner Pfizer, which will negatively impact sales. Additionally, BioNTech revealed plans to reduce its workforce by 950 to 1,350 full-time positions by 2027, impacting its manufacturing and research operations in Europe and North America.
However, BioNTech also intends to add between 800 and 1,200 new roles, especially in its large-scale mRNA immunotherapy manufacturing facility in Mainz and through its acquisition of Biotheus. Despite these changes, the company expects its overall headcount to remain relatively stable in the next three years. Following the announcement, BioNTech's stock fell by 4.3%, reflecting investor concerns.
At least three people have been killed and several others injured after an Iranian missile struck the southern Israeli city of Be'er Sheva, hitting a residential building.
Iranian state-run outlet Press TV has reported that nuclear scientist Mohammad Reza Siddiqi was assassinated in a targeted attack in northern Tehran.
At least 71 people have been killed and 20 injured in a terror attack on a village in Niger’s Tillaberi region, local media reported.
Iranian Deputy Foreign Minister Abbas Araghchi says there is no ceasefire agreement with Israel, directly rejecting U.S. President Donald Trump’s earlier claim of a truce between the two countries.
Three powerful explosions were reported early Tuesday at Al-Taji military base, about 30 kilometres north of Baghdad.
At least three people have been killed and several others injured after an Iranian missile struck the southern Israeli city of Be'er Sheva, hitting a residential building.
Iranian state-run outlet Press TV has reported that nuclear scientist Mohammad Reza Siddiqi was assassinated in a targeted attack in northern Tehran.
At least 71 people have been killed and 20 injured in a terror attack on a village in Niger’s Tillaberi region, local media reported.
Iranian Deputy Foreign Minister Abbas Araghchi says there is no ceasefire agreement with Israel, directly rejecting U.S. President Donald Trump’s earlier claim of a truce between the two countries.
Three powerful explosions were reported early Tuesday at Al-Taji military base, about 30 kilometres north of Baghdad.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
Goldman Sachs economists have warned that any significant disruption to oil shipments through the Strait of Hormuz could push Brent crude prices over $100 per barrel, potentially causing a sharp rise in transport costs, inflation, and slowing global growth.
The UK government announced plans to cut green levies on thousands of businesses, aiming to reduce soaring energy costs and boost the manufacturing sector, particularly in Labour strongholds.
Germany’s federal government spent over 1.2 billion euros on software, licenses and IT services in 2024, more than 25% higher than the previous year.
Japan’s core inflation rose to a more than two-year high in May, exceeding the central bank’s 2% target for over three years and increasing pressure on the Bank of Japan (BOJ) to resume rate hikes.
Two Nigerian communities will take Shell to trial in the UK in 2027 after winning a court ruling over Niger Delta oil pollution.
At least three people have been killed and several others injured after an Iranian missile struck the southern Israeli city of Be'er Sheva, hitting a residential building.
Iranian state-run outlet Press TV has reported that nuclear scientist Mohammad Reza Siddiqi was assassinated in a targeted attack in northern Tehran.
At least 71 people have been killed and 20 injured in a terror attack on a village in Niger’s Tillaberi region, local media reported.
Iranian Deputy Foreign Minister Abbas Araghchi says there is no ceasefire agreement with Israel, directly rejecting U.S. President Donald Trump’s earlier claim of a truce between the two countries.
Three powerful explosions were reported early Tuesday at Al-Taji military base, about 30 kilometres north of Baghdad.
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