Tilray’s Net Revenue Jumps by 43% in Q1 FY22 on Robust Cannabis Uptake
(Tilray) Tilray Inc. reported net revenue of $168 million in the first quarter of FY22, up 43% from the comparable period of the last financial year. Net cannabis revenue rose…
Tesco Revises Full-Year Guidance After a 163.5% Jump in H1 EPS
(Tesco Plc.) Tesco’s diluted EPS rose by 163.5% to 10.7 pounds in the first half-year of 2021/2022, from 4.06 pounds reported in the same period last year. The company announced…
Udemy Files for US Public Listing in the Booming Online Learning Space
(Reuters) Udemy Inc. has filed an initial public offering to go public on Nasdaq following a surge in online learning during the pandemic. Udemy’s revenues rose by 55.6% to $429.9…
Facebook Blames Network Configuration Hitch on Monday’s Global Service Outage
(Bloomberg) Facebook experienced a global service outage on Monday in what the company said was due to a network configuration problem. Facebook’s Instagram, WhatsApp, and messenger social network services went…
U.S. Investors Bet on Tech Stocks Amid Tough Economic Conditions
(Reuters) The US Investors are hesitant to cut technology stocks in their portfolio amid poor stock market performance that has seen most indices dip. S&P 500 technology sector index dipped…
A $2.3B Increase in Airport Infrastructure Costs Complicating Air Travel- IATA
(IATA)The International Air Transport Association is warning that a $2.3 billion increase in airport and air navigation service provider charges could hamper air transport recovery. IATA says the costs could…
Ford’s Retail Sales in the US Jump by a Monthly 34.3% Rate in September
(Ford) Ford automobile retail sales rose by 34.3% in September from August, taking its total sales in the US to 156,614. The sales reflected revamped production and inventory in August,…
Hopson Development Considering a Majority $5.14B Stake in Evergrande
(Global Times) Hopson Development Holdings Co. is seeking to acquire up to 51% of China’s Evergrande group’s property management unit. The deal is valued at about 40 billion HKD or…
BioNTech Announces Breakthrough in mRNA Cancer Vaccine in Phase 2 Study
(BioNTech) BioNTech SE has treated the first colorectal cancer patient using the individualized vaccine BNT122 in a phase 2 trial. BioNTech has already initiated trials in the US, Spain, Germany,…
Federal Legalization of Marijuana Moves Closer as Key Bill Gets Committee Approval
(MarijuanaMoment) The House Judiciary Committee has cleared the Marijuana Opportunity, Reinvestment, and Expungement Act, paving the way for national cannabis legalization. The bill, which was passed along party lines, received…
Merck and Ridgeback Antiviral Drug Outscores Placebo in Covid Treatment Outcomes
(Merck) Merck and Ridgeback Biotherapeutics oral antiviral drug candidate Molnupiravir reduced the risk of Covid-19 hospitalizations or death by about 50% compared to a placebo. An interim Phase 3 study…
Li Auto’s Deliveries Slows to a 102.5% Expansion in September on Chip Issues
(Li Auto) Li Auto Inc.’s deliveries in September 2021 reached 7,094 vehicles, an increase of 102.5% from the prior year. The jump was lower than 248.3% posted in August, as…
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