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AstraZeneca Says Calquence/Chemo Combo Data Shows Additional 16.8 Months Without Disease Progression In Patients With Certain Type Of Blood Cancer
Monday, June 17, 2024 - 5:32am | 408AstraZeneca Plc (NASDAQ:AZN) released data from the ECHO Phase 3 trial of Calquence (acalabrutinib) plus bendamustine and rituximab compared to standard-of-care chemoimmunotherapy (bendamustine and rituximab) in adult patients at or over 65 years of age (n=635) with previously untreated...
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Honda's New Commercial-Use Mini-EV To Hit Japan's Streets In October: Details
Thursday, June 13, 2024 - 8:27am | 488Honda Motor Co., Ltd. (NYSE:HMC) has announced the launch of its new N-VAN e, a mini-electric vehicle (EV) specifically designed for commercial use, which will start selling in Japan on October 10, 2024. This model integrates advanced electric vehicle technology into the gasoline-powered N-VAN,...
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What's Going On With Chrysler-Parent Stellantis Stock Today?
Thursday, June 13, 2024 - 7:11am | 391Stellantis N.V. (NYSE:STLA) shares are trading lower premarket on Thursday. The company disclosed its capital return plan and confirmed its 2024 financial guidance. Management confirms its 2024 guidance of double-digit Adjusted Operating Income (AOI) margin, positive industrial free cash flows, and...
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Ozempic Maker Novo Nordisk Closes In On Lego As Denmark's Most Valuable Brand: Report
Wednesday, June 12, 2024 - 12:21pm | 521Pharmaceutical giant Novo Nordisk A/S (NYSE:NVO) is reportedly set to overtake Denmark’s iconic toymaker, Lego A/S, as the nation’s most valuable brand. For now, Lego continues to hold the title of the nation’s most valuable brand, a position it has maintained for nine consecutive...
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FedEx Plans Up To 2,000 Job Cuts To Slash Costs In Europe Shakeup
Wednesday, June 12, 2024 - 9:04am | 424Logistics behemoth FedEx Corp. (NYSE:FDX) has unveiled a plan to streamline its operations across Europe, aiming to reduce structural costs significantly. The restructuring initiative targets reducing 1,700 to 2,000 positions, primarily within the company’s back-office and commercial teams....
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Clay Court Takeover: TNT Sports To Bring French Open To US Fans Starting 2025
Wednesday, June 12, 2024 - 8:40am | 488Warner Bros. Discovery, Inc. (NASDAQ:WBD) has secured a transformative 10-year broadcasting deal through its sports division, TNT Sports, to cover the Roland-Garros French Open in the U.S. starting in 2025. This agreement marks a significant expansion of Warner Bros. Discovery’s involvement...
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Orsted Invests In Tesla-Powered Battery Storage In UK: Details
Wednesday, June 12, 2024 - 7:38am | 480Renewable energy group Orsted (OTC:DNNGY) decided to invest in a battery energy storage system to stabilize the U.K. energy supply and reduce price volatility. The investment will complement its offshore wind power business, which will balance the grid, support renewable energy growth, and provide...
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Chipmaker Intel Pauses Construction Of $25B Chip Plant In Israel: Report
Tuesday, June 11, 2024 - 6:08am | 483Intel Corp (NASDAQ:INTC) has reportedly put on hold its ambitious plans to construct a $25-billion semiconductor facility in Israel. Intel highlighted the need to adapt large-scale endeavors to changing timelines, without directly referring to the project, according to a report from Reuters....
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Nokia Demonstrates Future Of Voice Calls With 3D Audio: Details
Monday, June 10, 2024 - 12:22pm | 373Nokia Corporation (NYSE:NOK) conducted the world’s first live immersive voice and audio call over a cellular network. Pekka Lundmark, Nokia’s President and CEO, connected with Stefan Lindström, Finland’s Ambassador of Digitalization and New Technologies, using the Immersive Voice...
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BP Tightens Workplace Relationship Rules After CEO Firing: Report
Monday, June 10, 2024 - 7:44am | 376BP p.l.c. (NYSE:BP) reportedly updated its policy, requiring employees to disclose intimate relationships with colleagues or risk termination. This change follows the dismissal of former CEO Bernard Looney for failing to make such disclosures, reported Reuters. As per the memo, the updated...
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ASML Remains Top Pick In EU Semicaps, Analyst Highlights Key Role In AI Infrastructure And Multiple Expansion
Friday, June 7, 2024 - 2:29pm | 342BofA Securities analyst Didier Scemama reiterated a Buy rating on ASML Holding N.V. (NASDAQ:ASML) with a price target of 1,302 euros ($1,406), up from 1,156 euros ($1,213). Scemama raised his revenue and EPS estimates for calendar years 2025 and 2026 by 6%- 9%, reflecting higher confidence in...
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Japanese Mega Banks Plan $8.5B Toyota Stake Sale: Report
Friday, June 7, 2024 - 10:24am | 636Mitsubishi UFJ Financial Group Inc. (NYSE:MUFG) and Sumitomo Mitsui Financial Group Inc. (NYSE:SMFG) are reportedly set to divest approximately ¥1.32 trillion ($8.5 billion) worth of strategic shareholdings in Toyota Motor Corp. (NYSE:TM). The major move indicates a strong commitment by Japan...
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Samsung's Largest Union Stages First-Ever Strike Over Pay Dispute: Report
Friday, June 7, 2024 - 6:37am | 473For the first time in its 55-year history, Samsung Electronics Co (OTC:SSNLF) faced a strike from its largest union, marking a significant moment in the tech giant’s labor relations. The National Samsung Electronics Union, representing around 28,400 workers, initiated the action over a...
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DouYu's Q1 Performance Falters: CEO Highlights Soft Market Challenges
Wednesday, June 5, 2024 - 6:44am | 326DouYu International Holdings Limited (NASDAQ: DOYU) reported a fiscal first-quarter 2024 revenue decline of 29.9% to $144 million year-on-year, missing the analyst consensus estimate of $184 million. The Chinese game-centric live streaming platform’s adjusted earnings per ADS...
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SAP Snags WalkMe For $1.5B: A Power Move In AI-Enhanced Business Solutions
Wednesday, June 5, 2024 - 6:33am | 408WalkMe Ltd. (NASDAQ:WKME) shares are jumping today after it inked a definitive deal to be acquired by SAP SE (NYSE:SAP) in an all-cash deal for an equity value of about $1.5 billion. The Executive and Supervisory Boards of SAP and the Board of Directors of WalkMe have approved the transaction...