 Image: GE General Electric released its Q4 and full-year earnings on Tuesday, reporting a decrease in quarterly revenue due to global shortages. The conglomerate reported Q4 revenue of $20.3B, a 3% decrease YoY. The company reported $3.9B in losses or $3.55 per share in Q4. GE reported full-year revenue of $74.2B, a 2% decrease YoY. It reported $6.8B in losses for the year or $6.16 per share. More: - GE Aviation reported $6.1B in revenue for Q4, a 4% increase YoY, and full-year revenue of $21.3B, down 2% YoY.
- GE Healthcare reported $4.6B in revenue for Q4, down 4% YoY; full-year revenue came in at $17.7B, down 2% YoY.
- GE Renewable Energy reported $4.2B in revenue for Q4, down 6% YoY; full-year revenue came in at $15.7B, slightly higher than the previous year.
- GE Power reported $4.7B in revenue for Q4 down 13% YoY; full-year revenue came in at $16.9B, down 4% YoY.
- GE reported supply chain issues cut its revenue growth 3% to 4% in the quarter.
- In November, GE announced it will split itself into three publicly traded companies focused on its healthcare, power, and aviation businesses.
- GE Healthcare will be spun off in early 2023, while its power and renewables business will merge to form a new company in 2024.
- GE shares fell 7% in early morning trading; it closed at $91.11, down ~6% for the day.
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The Biden Administration has withdrawn its COVID-19 vaccine mandate for businesses following the Supreme Court’s ruling earlier this month. The Occupational Safety and Health Administration (OSHA) said it no longer requires private companies with 100 employees or more to ensure its workers are vaccinated or require unvaccinated employees to submit a negative covid test weekly. The regulator said it is pulling the requirement effective Wednesday, Jan. 26. More: - OSHA initially issued the mandate under its emergency powers; however, the Supreme Court ruled that the regulator overstepped its authority in a 6-3 decision.
- The mandate would have impacted about 80 million private-sector employees
- According to data from Johns Hopkins University, the U.S. reported a seven-day average of over 731,000 new COVID infections a day, up 4% from the previous week.
- OSHA plans to refocus its efforts on providing a permanent COVID safety standard for healthcare workers.
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 A message from SPLINTERLANDS Jump into Splinterlands, the most played blockchain game in the world. Own your digital trading cards and earn crypto just from playing the game. Every card is a unique NFT that you get to keep. This means that you can buy, sell, trade, or rent cards at any time on the blockchain. Owning your own assets and helping govern in-game economies is the future of gaming. Splintershards (SPS), Splinterlands’ governance token, allow players to participate in the governance of the game and earn additional SPS from staking the token. - 400,000,000 SPS will be airdropped to players based on the amount of Spliterlands assets they hold as an incentive to participate in the growing economy and governance updates.
- Additional assets will be awarded to in-game collectives (called Guilds) as Guild Brawl rewards or to singular players who win battles in the ranked game mode.
- Be a part of the next generation of gaming.
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Johnson & Johnson released its Q4 and full-year earnings on Tuesday, beating analysts’ expectations on revenue. The company reported $24.8B in revenue in Q4, a 10% increase YoY, and profits of $5.7B or $2.13 per share, a 22.9% increase YoY. Full-year revenue came in at $93.8B, a ~13.6% increase YoY; full-year earnings came in at $26.2B or $9.80 per share, a 22% increase YoY. The company reported $2.4B in COVID-19 vaccines sales in 2021. More: - J&J’s Consumer Health reported $3.7B in sales in Q4, a 1% increase YoY. Full-year sales came in at $14.6B.
- Its Pharmaceuticals business reported $14.3B in sales in Q4, a 16.5% increase YoY. Full-year sales came in at $52.08B, a 14% increase YoY.
- Its Medical Devices reported $6.9B in sales in Q4, a 4% increase YoY. Full-year sales came in at $27.06B, up 18% YoY.
- Johnson & Johnson expects to sell about $3.5B in COVID-19 vaccines in 2022, a 46% increase compared to last year.
- J&J shares rose 2% in early morning trading; it closed at $167.63, up ~3% for the day.
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General Motors plans to spend $6.6B in Michigan in the next couple of years to increase its EV production. The company says it plans to build a new $2.6B EV battery cell factory in Lansing, Michigan, a joint venture with LG Energy Solutions. The company also plans to spend $4B to convert its Orio,n Michigan, assembly plant to produce electric trucks starting in 2024. The new capital is expected to generate 4,000 new jobs. More: - GM aims to increase its capacity to build 1 million electric vehicles by 2025 and over Tesla as the No. 1 EV seller in the U.S.
- GM is currently the third EV seller in the U.S. behind Tesla and Ford.
- The investment is part of a $35B commitment to increase its EV production by 2025.
- GM plans to convert ~50% of its North American assembly capacity to EV production by 2030.
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 A message from LOHIKA Web3: Why It Matters and How to Think About It in 2022. Lohika is hosting an online event with Capgemini AIE “Web3: Why It Matters and How to Think About It in 2022.” and we’re thrilled to announce that Patrick White, CEO at Bitwave has joined the panel. Patrick and the Bitwave team are doing interesting things in crypto accounting. Is web3 the future of the Internet or is it hype? Is an NFT the key to great wealth or is it fool’s gold? What will happen between central banks asserting their control of fiat currencies and decentralized currencies erasing boundaries and national sovereignty? That’s what an expert panel will explore at our upcoming event. Our panel: Join us on February 10, 2022 at 10am PT / 1pm ET. Register Now
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IBM released its Q4 and full-year earnings on Monday after market close, reporting a 6.5% increase in revenue in Q4. The company reported Q4 revenue of $16.7B and net income of $2.3B, or $2.60 per share. IBM reported full-year revenue of 57.4B, a 4% increase YoY, and full-year net income of $5.7B or $6.41 per share, up ~4% from a year earlier. More: - IBM’s software business reported $7.3B in revenue in Q4, an 8% increase YoY. Full-year revenue came in at $24.1B, up 5% for the year.
- IBM Consulting reported $4.7B in revenue in Q4, a 13% increase YoY. Full-year revenue came in at $17.8B, a 9% increase YoY.
- IBM Infrastructure reported $4.4B in revenue in Q4, a 2% increase YoY. Full-year revenue came in at $14.2B.
- IBM’s Hybrid Cloud reported $6.2B in revenue in Q4, a 16% increase YoY. Full-year revenue came in at $20.2B, a 20% increase YoY.
- During the quarter, IBM spun off its managed infrastructure services business into a separate publicly-traded company called Kyndryl.
- IBM shares closed up 5.65% Tuesday at $136.10.
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 Image: YouTube Blog In a blog post on Tuesday, YouTube CEO Susan Wojcicki shared the company’s plans for the platform in 2022. Wojcicki stated the company will focus on innovation, supporting its creators and improving the creator economy, as well as protecting the YouTube Community. Wojcicki shared channels making $10,000 or more per year rose 40% YoY. Wojcicki shared that the platform is focused on helping its creators capitalize on emerging technologies like NFTs and Crypto. More: - Wojcicki said YouTube Shorts hit 5 trillion views.
- YouTube reported over 800 billion gaming-related views and over 90 million hours of live stream.
- Wojcicki said the company is working on improving its live experience for all users, creators, and viewers, working on its live chat feature as well as discoverability.
- The platform is also working on its live shopping feature; it is partnering with Shopify to build more interactive shopping experiences for users.
- Wojcicki also addressed the company’s decision to remove the public “dislike” counts from the platform.
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- The PSAT and SAT will take a new format starting March next year. The new test format will be an hour shorter and taken online, either on the student’s laptop or tablet or on a device provided for them.
- The Fed is expected to indicate a rise in interest rates as soon as March, following its two-day meeting on Tuesday and Wednesday.
- The FTC has sued to block Lockheed Martin’s planned $4.4B acquisition of rocket engine maker Aerojet Rocketdyne Holdings, citing antitrust concerns.
- The U.S. Commerce Department reported that U.S. manufacturers had less than five days of crucial chips needed to manufacture their products, pointing to a need for Congress to approve the Biden Administration’s $52B bill – The U.S. Innovation and Competition Act.
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 |  | Vanessa Omeokachie is a Researcher at Inside. Her interests include finance, tech, and startups. In her free time, she enjoys reading, hiking, attending music festivals, and traveling. Connect with her on Twitter @Ms_Omeo. |  | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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