It’s been 8 and a half years since
Abbott Laboratories (NYSE:
ABT) spun off its branded drug unit into a publicly-traded company. At the time, AbbVie had annual revenue of $18.4 billion. Half of its annual sales came from Humira, the company’s biologic therapy intended to treat autoimmune diseases such as psoriasis, rheumatoid arthritis, Crohn’s disease and the like.
Today, ABBV has $45.8 billion in sales (2020) and $11.4 billion in operating earnings. Humira now accounts for 43% of its overall sales, down from 61% in 2018. AbbVie increased its quarterly dividend by 10.2% to $1.30 per share with its February dividend payment. An annualized dividend of $5.20 yields 4.5%.
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Biden’s Pledge to Slash Emissions Would Require Big U.S. Changes Source: By Russell Gold and Collin Eaton, Wall Street Journal • Posted: Sunday, April 25, 2021
While American industries are already moving to address climate issues, the president’s ambitious target would require them to accelerate transformation
A gas flare burns in the Permian Basin in Texas. Natural gas currently generates 40% of U.S. power. Photo: Bronte Wittpenn/Bloomberg
Meeting President Biden’s goal of sharply reducing U.S. greenhouse-gas emissions by 2030 would require dramatically reshaping key sectors of the economy.
While U.S. industries are already transitioning to a lower-carbon future, Mr. Biden’s target would require companies in industries from energy to transportation to agriculture to greatly speed the pace of change.
https://www.afinalwarning.com/509325.html (Natural News) NextEra Energy will use solar power from its principal subsidiary Florida Power & Light Co. (FPL) to produce green hydrogen through a 20-megawatt electrolysis system. The hydrogen will then be used to replace some of the natural gas burned at FPL’s Okeechobee Clean Energy Center in Florida.
Unlike blue hydrogen, which is created from fossil fuel sources, green hydrogen is made from non-fossil sources. The $65 million Okeechobee pilot project will “utilize solar energy that would have otherwise been clipped” to create green hydrogen to replace some natural gas, said Rebecca Kujawa, chief financial officer at NextEra which last year briefly overtook ExxonMobil as the most valuable U.S. energy company.