Author: Press Room
Taking a closer look at one of the largest companies in the pharmaceutical industry By Nathan Aisenstadt Summary The company’s management increased the financial guidance for 2023 non-GAAP diluted EPS from $7.35 to $7.65 to $7.50 to $7.65. During the three months ended Sept. 30, Bristol-Myers Squibb repurchased $4 billion of shares. Sotyktu sales were $66 million, an increase of 164% quarter over quarter, primarily due to its competitive advantages in the global psoriasis treatment market. Since the first quarter of 2022, an increasing number of generic versions of Revlimid began to appear on the market, which is the main…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight to your inbox every weekdayGood morning. The BBC has announced swingeing cuts to Newsnight, one of its flagship current affairs programmes, getting rid of many of its dedicated reporters and cutting it down to a debate programme lasting 30 minutes. The corporation proposes to replace Newsnight’s investigative functions with a beefed-up investigations unit. It expects the changes to trim £7.5mn as part…
France’s economy experienced a slight contraction in the third quarter with a 0.1% decrease in GDP, as reported today. In a turn of events, inflation in November took a sharp decline, reaching a lower-than-expected 3.8%. This downward trend in inflation comes as money-market traders are forecasting a potential interest rate cut by the European Central Bank (ECB) by April, in response to diminishing inflation and recession worries across Europe. The French government’s recent decision to partially roll back electricity price caps has contributed to the country’s more moderate inflation rates compared to other European nations. Service inflation currently stands at…
© Reuters India stocks higher at close of trade; Nifty 50 up 0.18% Investing.com – India stocks were higher after the close on Thursday, as gains in the , and sectors led shares higher. At the close in NSE, the rose 0.18% to hit a new 1-month high, while the index climbed 0.13%. The best performers of the session on the were UltraTech Cement Ltd (NS:), which rose 3.11% or 271.25 points to trade at 9,004.00 at the close. Meanwhile, Apollo Hospitals Enterprises Ltd. (NS:) added 2.34% or 127.05 points to end at 5,549.00 and HDFC Life Insurance Company Ltd…
Vanguard Ultra-Short Bond ETF declares monthly distribution of $0.2050
© Reuters. FILE PHOTO: A New Zealand dollar coin sits atop a United States one dollar bill in this photo illustration taken on March 11, 2016. REUTERS/David Gray/Illustration/File Photo By Samuel Indyk and Ankur Banerjee LONDON (Reuters) -The dollar edged up from a three-month low on Thursday but was still set to post its steepest monthly decline in a year as investors ramped up bets that the Federal Reserve was done with rate hikes ahead of a crucial inflation report later in the day. The euro dropped after lower-than-forecast French consumer prices data, a day after data showed price growth…
Call it the “Debate Me Please” showdown.Ron DeSantis of Florida, 45, and Gavin Newsom of California, 56, two relatively youthful governors adept at seeking — and finding — the spotlight, will square off at 9 p.m. Eastern on Thursday in a nationally televised debate in Alpharetta, Ga., in suburban Atlanta. Both pleaded for this matchup, and now they have it.Each has an agenda, both near-term and further out, as well as political challenges that they hope to address during their 90-minute encounter. Mr. DeSantis, the Republican, needs to lift his campaign for president a week ahead of the fourth Republican…
Disney CEO Bob Iger says his company’s success had created unrealistic standards.”We got to the point where if a film didn’t do a billion dollars in global box office, we were disappointed,” he said.Iger also blamed Disney putting quantity before quality for its box office misses. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Bob Iger defended Disney’s performance in an interview at The New York Times DealBook Summit on Wednesday, saying its past successes had set the bar unrealistically high.In response to questions…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Peter Wennink, chief executive of chipmaking equipment manufacturer ASML, will step down in April after more than a decade at the helm of Europe’s most valuable tech company.ASML’s board has appointed Christophe Fouquet, a chip industry veteran who is now chief business officer, as Wennink’s replacement, the group said on Thursday.Martin van den Brink, ASML’s technology chief and co-president alongside Wennink, will also retire next spring after almost 40 years at the Dutch company.The management changes come as ASML — whose sophisticated lithography…
© Reuters. FILE PHOTO: A view of the European Central Bank (ECB) headquarters in Frankfurt, Germany March 16, 2023. REUTERS/Heiko Becker/File Photo FRANKFURT (Reuters) – Euro banknotes are set to get a new design with themes focused on European culture, birds and rivers in an effort to make them more relatable, the European Central Bank said on Thursday. Due towards the end of the decade at the earliest, the banknotes are also aimed at reassuring the public that cash is here to stay, even as the ECB works on launching a digital version of its own currency, possibly around the…