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    • J&J suspends COVID-19 vaccine sales forecast

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    Johnson & Johnson is suspending sales forecasts for its COVID-19 vaccine only a few months after saying the shot could bring in as much as $3.5 billion this year.

    A global supply surplus and uncertainty about future demand -- fueled in part by vaccine hesitancy in some developing markets -- prompted the change, J&J said Tuesday. The company also reported a better-than-expected first-quarter profit and announced a dividend increase.

    J&J's one-shot vaccine brought in $457 million in global sales during the first quarter, while the company's pharmaceutical sales as a whole totaled nearly $13 billion.

    The vaccine registered only $75 million in sales in the U.S., or about 25% less than what it rang up after debuting in last year's first quarter.

    J&J has said it doesn't intend to profit from the vaccine. But it said in January that the shot could bring in between $3 billion and $3.5 billion in sales this year, as countries continue to fight variants of the virus.

    Demand for initial vaccine doses and booster shots has slowed since shots from J&J, Pfizer and Moderna entered the U.S. market last year. More than 82% of the U.S. population age 5 and older has already received at least one vaccination dose, according to the Centers for Disease Control and Prevention.

    Options from Pfizer and Moderna also have been much more commonly used in the United States.

    U.S. regulators also have said that most Americans should receive the Pfizer or Moderna shots instead of J&J's version due to a rare blood clotting problem tied to the shot.

    Vaccine sales are a small part of the total revenue picture for Johnson & Johnson. The company also sells medical devices, consumer health products like Band-Aids and a range of pharmaceuticals. That includes the cancer treatment Darzalex, which brought in $1.86 billion in the quarter.

    Overall, J&J's profit fell 17% to $5.15 billion in the first quarter, as research and development costs and other expenses climbed. Adjusted earnings came to $2.67 per share, as total revenue grew 5% to $23.4 billion.

    Analysts expected, on average, earnings of $2.58 per share on $23.62 billion in revenue.

    J&J said Tuesday that it now expects 2022 adjusted earnings of $10.15 to $10.35 per share, a drop from its previous forecast that company officials attributed to foreign currency rate changes.

    Wall Street expects, on average, earnings of $10.55 per share.

    Separately, the company said Tuesday that it was raising the quarterly dividend it pays shareholders by 7 cents to $1.13 per share. That will hike the annual payout to $4.52 per share from $4.24.

    Shares of New Brunswick, New Jersey-based Johnson & Johnson, which is a component of the Dow Jones Industrial Average, climbed 3% to $183.03 in late-morning trading.

    The Dow was up around 1%.

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    • A whirlwind 28-day campaign has now ended, undoubtedly going down in history one of the most unusual election campaigns British Columbians have ever seen.

    • A number of parents at Oyster Pond Academy pulled their children from class Friday after learning about a gender identity presentation.

    • "Mighty" Myles Beaulieu is on the mend after receiving a potentially life-saving liver transplant.

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    • A man and woman are facing multiple charges in connection with cases of extortion and gunfire targeting Montreal restaurants over the summer months.

    • If you're heading out trick or treating this Halloween, you may end up with more chips, gummies, licorice and other goodies rather than chocolate. Cocoa prices have spiked, and that could be playing a trick with what your kids come home with and what you give out on Halloween night.

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    Local Spotlight

    The image of a sleepy Saskatchewan small town with 'not a lot going on' is a well-known anecdote. However, one Saskatchewan company is hoping to change that 鈥 and allow communities both on and off the beaten path to share their stories and advertise what they have to offer.

    A Moncton, N.B., home has been donated to the Friends of The Moncton Hospital Foundation and will be transformed into a resource hub for people living with cancer.

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    An Ottawa man was arrested after taking a shower in a stranger's house, Ottawa police say.

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    • An East Vancouver mom is asking for help to find a unique and expensive bike that her son with special needs used, until it was stolen from her backyard.

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    • City staff鈥檚 recommendation that a new bike lane be installed along a collision-prone stretch of Parkside Drive could potentially set up a battle with the province, as it moves to place new restrictions on the ability of municipalities to remove lanes of traffic for that purpose.

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    • A person and their two dogs were safely located by the Ontario Provincial Police (OPP) after becoming lost in a forest in eastern Ontario Friday afternoon.

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    • CTVNewsOttawa.ca looks at things to do in Ottawa and eastern Ontario this weekend.

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    • One person is in custody after a standoff in Camrose, Alta. that lasted nearly 18 hours.

    • Nova Scotians will head to the polls Saturday as municipal elections are held across the province.

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    • A new theatrical production in Nova Scotia explores the stresses on fishing communities.

    • After a few plane rides that took them to another hemisphere on the other side of the world, eight young athletes representing Manitoba had the opportunity of a lifetime to compete and grow as individuals.

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    • SaskPower was sentenced Friday morning in a Weyburn courtroom, receiving a record fine, after being found guilty of three workplace-safety related violations when two experienced employees were killed on the job in 2020.

    • A man from Prince Albert has died following a collision between a semi and an SUV on Highway 2 near Chamberlain, Sask. on Thursday.

    • A Waterloo, Ont. man is sharing video of a recent encounter with a stranger to give others an idea of the hate he experiences in the community.

    • "Mighty" Myles Beaulieu is on the mend after receiving a potentially life-saving liver transplant.

    • Viola Erb died as a result of 鈥渆xternal neck compression and blunt force head trauma,鈥 the forensic pathologist who conducted her autopsy told court on Friday.

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    • Concerns surrounding Saskatchewan Party Leader鈥檚 Scott Moe鈥檚 proposed change room policy continue to roll in.

    • Mark Arcand was re-elected to a third term as Tribal Chief of the Saskatoon Tribal Council (STC).

    • A man from northwestern Ontario has his fishing licence suspended for three years and faces fines of $15,870 for illegally selling leeches and baitfish.

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    • A man from northwestern Ontario has his fishing licence suspended for three years and faces fines of $15,870 for illegally selling leeches and baitfish.

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    N.L.

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