(Bloomberg) Japan’s Government Pension Investment Fund has returned 1.8 trillion yen or $17 billion in the sixth straight quarter of gains, taking its total assets to a record $194.1 trillion…
(Pfizer) Pfizer Inc. has announced that its novel Covid-19 antiviral drug candidate PAXLOVID reduces the risk of death or hospitalization by 89%. In an interim study, Pfizer found that no…
(Peloton) Shares of Peloton Interactive Inc. fell more than 30% in premarket on Friday as the company cut its revenue projection by about $1 billion in 2022. Peloton projects sales…
(Planet Fitness) American fitness center franchise and operator Planet Fitness’s shares climbed after reporting positive earnings in the third quarter. Net income attributable to the firm climbed to $17.4 million…
(FT) Volkswagen CEO Herbert Diess is facing resistance from the group’s powerful works council protesting against a move to reduce staff at the German plants. Diess has been seeking to…
(Reuters) Molnupiravir, a Covid-19 antiviral pill developed by Merck and Ridgeback Biotherapeutics, has been approved by Britain’s regulator, becoming the first in the world. Britain's Medicines and Healthcare products Regulatory…
(Novartis) Roche will buy its almost one-third voting right or 53.3 million shares in rival Novartis AG for $20.7 billion. The shares, priced at $388.99 or 356.93 Swiss francs, means…
(Bloomberg) Tencent Holdings has unveiled its first chips that will be used in cloud servers, video transcoding, and artificial intelligence. The Conglomerate’s Senior Vice President Dowson Tong promised that the…
(Bed Bath & Beyond) Shares of Bed Bath & Beyond Inc. rose up to 91% in late trading on Tuesday following news it would start selling baby and home goods…
(Reuters) China’s Evergrande delivered 184 property projects between July and October amid the debt crisis facing the company. Evergrande said that it had delivered homes to 57,462 owners in the…
(Bloomberg) Microsoft has announced that it is working on its version of corporate metaverse with PowerPoint, Excel, and digital avatars. The software company is testing conferencing programs and Microsoft teams…
(MarketWatch) Zillow Group Inc. shares fell more than 15% in premarket trading on Wednesday following concerns that most of the homes it had purchased were worth less than initial cost.…