Alibaba dips on MS downgrade as PDD grabs spot of most valuable Chinese e-commerce firm
(Reuters) – U.S.-listed shares of Alibaba (NYSE:BABA) Group Holding dipped on Friday following a Morgan Stanley downgrade on concerns over…
Earnings call: Cansortium Reports record revenue and cash flow generation in Q3 2023
Cansortium (OTC:CNTMF) Inc., a leading medical cannabis company, reported significant growth in its third-quarter 2023 earnings call, with record revenue…
Earnings call: Patterson Companies adjusts fiscal 2024 guidance amid macroeconomic challenges
Patterson Companies, Inc. has reported a mixed performance in its second-quarter fiscal 2024 earnings call, with growth in some areas…
AstraZeneca halts Phase III trials for kidney disease treatment
AstraZeneca (NASDAQ:AZN) plc has announced the discontinuation of its Phase III STABILIZE-CKD and DIALIZE-Outcomes trials, which were investigating treatments for…
EV maker Fisker slashes 2023 production target
(Reuters) – Electric-vehicle maker Fisker (NYSE:FSR) said on Friday it will scale down production this month, and produce lesser cars…
Signify to cut jobs in revamp to save 200 million euros annually
(Reuters) – Signify is to cut jobs as part of a restructuring that is targeting annual savings of 200 million…
Bank of Montreal misses profit estimates as rainy-day funds grow
(Reuters) – Bank of Montreal on Friday reported a smaller than expected quarterly profit, pressured by rising expenses and as…
Apple and Paramount in talks to bundle their streaming services at a discount
Apple (NASDAQ:AAPL) and Paramount Global (PARA) are reportedly in early discussions to bundle their streaming services at a discounted rate,…
UK High Court endorses CMA’s right to investigate Apple
The UK High Court has reinstated the Competition and Markets Authority’s (CMA) ability to continue its investigation into Apple Inc…
Euro rebounds modestly after hitting support levels amid Fed speculation
The euro experienced a slight recovery today after a downturn on Thursday, influenced by lower inflation figures in the European…