The pharmacy chain Eli Lilly has sued at least three medical spas and online retailers for selling goods that allegedly contain tirzepatide. Tirzepatide is the main ingredient of the popular weight loss drug Zepbound.
As it was anticipated, this week, the People's Bank of China stimulated the Chinese economy and markets by lower its base interest rate from 3.35% down to 3.10%.
The Swiss banking group UBS is set to sell its 50% stake in Swisscard to American Express, as revealed by Swisscard in a released statement.
The Norwegian banking group DNB is set to buy Sweden's Carnegie for a total of $1.14 billion.
On 23rd of October TSLA reported its quarterly earnings and revenue results. Although mixed results, Q3 report has had investors and traders convinced that Elon and the company will deliver.
In a landmark lawsuit, Australian courts have ruled that Qantas Airways has to pay 170,000 AUD to baggage handlers that were fired in 2020. The case sets precedent for potential lawsuits with other 1700 workers whose jobs were outsourced during the same period.
Bloomberg has reported that MetLife intends to buy PineBridge's assets outside China for a total of up to $1.5 billion.
As the competition in the generative AI segment increases, IBM has released new artificial intelligence models for businesses.
The government of Malaysia has revealed that for the third quarter of 2024 it expects to observe gross domestic growth of the GDP of 5.3%, measured on an annual basis.
Three top tobacco firms are set to pay 32.5 billion Canadian Dollar to the government to settle a long-running lawsuit. The lawsuit claims that the firm has failed to adequately warn clients about cancer risks.
The United States Federal Aviation Administration has started a new review of safety at Boeing, as the government continues its policy of strict oversight.
United States Cellular has recently announced the sale of the firm's spectrum licences to Verizon in a deal that is set to amount to a total of $2 billion.
Despite an ongoing decline in payment card usage, American Express has managed to surpass third quarter profit forecasts. However, the stock price declined, as the profits were reached by cutting costs.
Due to a decline in demand for serums and nappies, Procter & Gamble have reported a 0.6% decline in sales, which was not expected by the markets. The surprising news indicate at broader declining consumer demand.
It has been observed that the markets have been investing in the expectations of a Donald Trump victory in the upcoming election, as investors have bought small-cap stocks, Bitcoin and sold the Mexican Peso and US Treasuries.
The Blackstone Group has managed to pass analyst expectations for quarterly profits. The news were the catalyst of a recent surge of the stock price.
The foodstuff producer Nestle has revealed that US shoppers are concerned about the upcoming election, which is creating a reduction of demand.
It has been revealed by Reuters that Boeing intends to raise $15 billion in additional financing that would be used to get through the ongoing crisis.
Due to a decline of sales in China, the producer of Ray-Ban, EssilorLuxottica, has not met the market analysts expectations for quarterly earnings.
As reported by Reuters, the energy giant BP has been evaluating the sale of its stake in offshore wind business.
It has been revealed that most of the increases in US Retail Sales have been caused by lower petrol prices. Lower gas prices have allowed consumers to spend more at bars and restaurants, which are included in the Retail Sales index.
The Verge has reported that Meta has fired Instagram and WhatsApp employees. The firm has replied to the reports that Meta is conducing changes to allign with long term goals.
For the first time in ten months, in September, exports from Japan have declined, as the country has shipped less to China and the United States.
The foodstuff firm Nestle has announced a revamp of its management due to the firm having to reduce its 2024 sales expectations. Namely, the company has made less profit than it was expected at the start of the year.