Finance is the science and management of money, investments, and other financial instruments. It encompasses the processes of acquiring funds, managing assets, and analyzing financial markets for the purpose of making decisions about capital allocation. Finance is divided into various subfields, including personal finance, corporate finance, and public finance. Personal finance focuses on individual and household financial management, including budgeting, saving, investing, and retirement planning. Corporate finance deals with the financial activities of businesses, including capital structure, funding strategies, and risk management. Public finance pertains to the financial dealings of government entities, covering taxation, government expenditures, and budgeting. Overall, finance plays a critical role in enabling economic growth and stability by facilitating the efficient allocation of resources and providing a framework for evaluating financial performance and risks.
BioNTech is navigating financial challenges amidst its transition from COVID-19 vaccines to cancer treatments. Earnings dropped significantly, but the company still exceeded market expectations with revenue reaching €1.19 billion. Net…