It's been tough going for big pharmaceutical companies in China, weighed down by tighter hospital budgets, tough competition, and more regulation. Ryan Brookes reports many are opting to tie-up with small local firms as a backdoor to get back into the world's second-largest drug market.
PepsiCo beat Wall Street expectations for first-quarter revenue on Tuesday as demand held steady for the soda and snacks giant's Tropicana juices and Cheetos in its international markets. Consumers have remained resilient and shelled out money for PepsiCo's Lays chips and 7UP products across the company's international markets, helping offset a slowdown witnessed in its major market United States. Several rounds of price hikes in the U.S. have led consumers in the region to push back on the company's sodas and juices as sticky inflation makes customers cautious with their spending.
Nvidia will report earnings in late May, an event that is likely more crucial to the overall market than the coming week's crush of results and economic data.
U.S. stock index futures rose marginally on Tuesday as some growth and chip stocks gained, while market participants geared up for a busy week of quarterly earnings that could help gauge the health of America's corporates. Most megacap growth stocks, including Meta Platforms , Microsoft and Tesla, edged up between 0.4% and 1.1% in premarket trading.
What underlying fundamental trends can indicate that a company might be in decline? Typically, we'll see the trend of...
The company uniquely offers a global solution that encompasses e-invoicing, CTC solutions, and a comprehensive EDI network, all seamlessly integrated with B2B eCommerce and ERP systemsCOPENHAGEN, Denmark, April 23, 2024 (GLOBE NEWSWIRE) -- TrueCommerce, a global provider of supply chain and trading partner connectivity, integration and omnichannel solutions, today announced its global e-invoicing and Continuous Transaction Controls (CTC) solution that enables organizations to keep pace with the
Ecommerce giant Amazon.com launched a new grocery delivery subscription on Tuesday in the United States for members of its Prime program and customers who are recipients of the government food assistance benefits. The subscription plan would allow Amazon's Prime members to get unlimited grocery delivery at $9.99 per month on orders over $35 from Whole Foods Market, Amazon Fresh, and other local grocery and specialty retailers on the platform, including Save Mart, Bartell Drugs, Rite Aid and Pet Food Express.
SAN FRANCISCO, April 23, 2024 (GLOBE NEWSWIRE) -- Spaceback, a leading platform for transforming social media content into high-performing Social Display and Social CTV creatives, is thrilled to announce its collaboration with Kinesso Netherlands, a global marketing technology company. Together, they have achieved remarkable campaign results across various verticals, showcasing the power of innovative Social Display creatives. Since the inception of their partnership, Kinesso has leveraged Space
#FitsbyPhilly - Threads from Philly’s Finest Fits by Philly: Threads from Philly’s Finest Herr's has partnered with local Philadelphia artists and small business owners to create a collection of limited edition merchandise and clothing. The "Fits by Philly: Threads from Philly's Finest" line-up is a available on the Herr's website and at the South Fellini store starting April 24 while supplies last. Nottingham, PA, April 23, 2024 (GLOBE NEWSWIRE) -- Herr’s Inc., a beloved snack brand rooted in P
North America and East Asia expected to be key markets for cherry concentrate over the next decade.Rockville, April 23, 2024 (GLOBE NEWSWIRE) -- Short seasonality and geographic limitations make cherries an expensive fruit. However, cherry concentrate products are available in the frozen and aseptic form. These have a long shelf life and can be used throughout the year. According to a new report by Fact.MR, the global cherry concentrate market has been analysed to reach a valuation of US$ 1.03 b
David Ellison, 41, would not be the first rich guy to arrive in Hollywood with a fat bank account and dreams of making movies, though the son of billionaire Oracle founder Larry Ellison boasts the rarest of attributes for a budding media mogul: a Silicon Valley pedigree. In an industry where many get their start fetching coffee or moving props, Ellison spent summers writing computer code for his father's software company and getting insights on the movie business from Pixar Animation Studios co-founder Steve Jobs. Ellison is orchestrating a multi-step transaction that would result in the merger of his independent studio, Skydance Media, with Paramount.
PITTSBURGH, April 23, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in materials, networking, and lasers, today announced a $500,000 sponsorship of two educational initiatives targeted to increase diversity, equity, and inclusion (DEI) in entrepreneurship, innovation, and advanced technology: the HBCU/MI Entrepreneurship & Innovation initiative by Leadership Needed Foundation and the Optica Foundation Amplify Scholarship for Black scientists. The HBCU/MI Entrepreneurship and Inn
When Republican presidential candidate Donald Trump's hush money trial began in a Manhattan courthouse on Monday, cable TV news coverage of the case was as divided as America itself. A Reuters review of 2-1/2 hours of daytime coverage showed the distinctly partisan approaches of the Fox News Channel and MSNBC News to the trial taking place in the midst of an election campaign pitting the former president against Democratic President Joe Biden. Fox News, which is the country's most watched cable television network and leans Republican, gave significantly more air time to other national news including protests on U.S. college campuses against the war in Gaza.
The judge overseeing Donald Trump's criminal hush money trial will decide on Tuesday whether the former U.S. president should be punished for violating a gag order that prevents him from criticizing witnesses and others involved in the case. Prosecutors are asking Justice Juan Merchan to fine Trump for criticizing porn star Stormy Daniels and his former lawyer Michael Cohen, both of whom are expected to testify. Merchan could opt to fine Trump $1,000 for each of those violations, as Manhattan District Attorney Alvin Bragg's office has requested.
The U.S. Federal Trade Commission (FTC) is expected on Tuesday to approve a rule that would ban agreements commonly signed by workers not to join their employers' competitors, which it says limit worker mobility and suppress their pay. The five-member FTC, which enforces antitrust laws and currently has a Democratic majority under President Joe Biden, is scheduled to meet later on Tuesday to vote on the rule first proposed in January 2023. The FTC, Democrats and worker advocates who support the rule say it is necessary to rein in the increasingly common practice of requiring workers to sign so-called "noncompete" agreements, even in lower-paying service industries such as fast food and retail.
The U.S. Supreme Court on Tuesday steps into the contentious unionization drive at Starbucks as the coffee chain challenges a judicial order requiring it to rehire seven employees at a Tennessee cafe who were fired as they pursued efforts to organize. The justices are set to hear arguments in the company's appeal of a lower court's approval of an injunction sought by the U.S. National Labor Relations Board ordering the reinstatement of the workers. It is a case that could make it harder to bring a quick halt to labor practices challenged as unfair under federal law while the NLRB resolves complaints.
Sessions address AI, credit trends, liquidity management, and compliance.Irvine, California, April 23, 2024 (GLOBE NEWSWIRE) -- Origence, the leading lending technology solutions provider for credit unions, announces breakout session speakers for its Lending Tech Live ’24 conference will include Microsoft, Experian, Catalyst, Messick Lauer & Smith and NADA leaders during its event held June 25-27, 2024 at the Marriot Marquis in San Diego, California. These industry leaders will include: Microsof
Major meat extracts market participants include Carnad A/S, Titan Biotech Ltd., Givaudan, Maverick Biosciences, Diana Food SAS, Ariake Japan Co. Ltd, Essentia Protein Solutions, Haco Holding AG, BRF SA, Nikken Foods, International Dehydrated Foods Inc., Symrise AG, Foodex Inti Ingredients, JBS S.A. and Ajinomoto Co. Inc.Selbyville, Delaware, April 23, 2024 (GLOBE NEWSWIRE) -- The Meat Extracts Market valuation is projected to be worth over USD 2.7 billion by 2032, as reported in a research study
Billions of dollars in foreign aid for Ukraine, Israel and Taiwan should easily win approval in the U.S. Senate this week, after the House of Representatives abruptly ended a months-long stalemate and approved the assistance in a rare Saturday session. The Senate on Tuesday will take up the package of four bills passed by the House, one providing $61 billion for Ukraine, a second with $26 billion for Israel, a third with $8.12 billion "to counter communist China" in the Indo-Pacific and a fourth that includes a potential ban on the social media app TikTok, measures for the transfer of seized Russian assets to Ukraine and new sanctions on Iran.
Donald Trump is set to secure on Tuesday a stock bonus worth $1.3 billion from the company that operates his social media app Truth Social, equivalent to about half the majority stake he already owns in it, thanks to the wild rally in its shares. The award will take the former U.S. President's overall stake in the company, Trump Media & Technology Group (TMTG) , to $4.1 billion. While Trump has agreed not to sell any of his TMTG shares before September, the windfall represents a significant boost to his wealth, which Forbes pegs at $4.7 billion.
Fintech lender Affirm has started quietly offering "buy now, pay later" (BNPL) loans for elective medical procedures, in a major push beyond its core e-commerce market, the company told Reuters. Over the past year, Affirm has more than doubled the number of elective medical merchants on its network, reaching around 130 at of the end of 2023. The San Francisco-based company is hoping to tap growing consumer demand for financing for cosmetic treatments, dental services, medical devices and veterinary procedures.
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