It’s just another earnings week in the life of pharmaceutical CEOs, with blockbuster expectations running up against cruel reality.
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Chinese electric vehicle giant BYD announced revenue of just over $28 billion in the three months ending September.
Royal Caribbean raised its annual profit forecast for the fourth time this year. Driving the optimism is a private island in the Bahamas.
China’s biggest coffee chain, Luckin Coffee, is eyeing an American expansion that could undercut the market for $10 chai lattes.
MLB World Series viewership is way up, thanks in part to Japan-born Los Angeles Dodger Shohei Ohtani. And brands have noticed.
Mercedes-Benz is en route to cut costs after profits in the third quarter more than halved year-over-year due to weaker demand in China.
Boeing is considering a sale of its space unit, among other assets. The news comes as its bottom line grows more tenuous.
Hermès reported financial results on Thursday that showed the scarf and handbag maker is doing pretty well.
TKO Group will be dropping $3.25 billion to acquire a trio of sports and entertainment properties from Endeavor.
Modifi Biosciences announced that it has been acquired by global pharmaceutical giant Merck, with a $30 million down payment.
Frontier Airlines and Spirit Airlines have renewed their yearslong on-again, off-again merger flirtation. Perhaps this time’s the charm.
Walmart announced on Tuesday that it’s introducing a new same-day delivery service for prescription medication.
Target announced it will be slashing the prices of some 2,000 products, including food, beverages, gifts, and other home-holiday essentials.
A Bloomberg analysis of roughly 500 hedge funds found that patience for ESG stocks related to the energy transition has run out.
Despite the steep competition and roadblocks, the company has high hopes for expanding its self-driving services.
Netflix reported another stellar earnings result, featuring its biggest quarterly profits in company history.