This news piece covers three distinct but interconnected developments in the business world. Firstly, it highlights Google's decision to abandon its diversity, equity, and inclusion goals, reflecting a broader trend among tech companies. Secondly, it delves into Ford Motor Company's cautious outlook for 2025, anticipating market headwinds. Finally, it examines contrasting performances within the pharmaceutical industry, with Eli Lilly exceeding expectations while Bristol Myers Squibb falls short.
Google has joined the ranks of tech companies abandoning its diversity, equity, and inclusion ( DEI ) goals. In a memo obtained by CNBC, Chief People Officer Fiona Cicconi stated that while Google will continue investing in its workforce across the United States and globally, it will no longer set aspirational goals related to DEI . This decision comes amidst a broader trend in the tech industry, with companies like Amazon and Microsoft also scaling back or eliminating their DEI initiatives.
Meanwhile, Ford Motor Company is facing headwinds in its 2025 outlook. President and CEO Jim Farley acknowledged that the year will be a challenging one, citing market factors such as a projected 2% industry-wide price decrease and slightly lower wholesale volumes. However, Ford's forecast does not appear to account for the potential impact of the upcoming 2024 presidential election on the economy. Separately, the pharmaceutical industry is grappling with mixed results. Eli Lilly & Co. surpassed expectations for its fourth quarter, reporting growth on both the top and bottom lines. The results aligned with preliminary figures released in January. Conversely, Bristol Myers Squibb saw its shares decline nearly 5% after its full-year guidance fell short of analysts' projections. The company is also actively expanding its operations with a focus on developing innovative treatments
Google DEI Diversity Equity Inclusion Ford 2025 Outlook Market Headwinds Pharmaceutical Industry Eli Lilly Bristol Myers Squibb
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