Newsfeeds Archive - Page 7 of 398

2 minute read

FDA Fast-Tracks Ipsen And Genfit’s New Liver Disease Treatment, Iqirvo

June 11, 9:18 AM

The U.S. FDA has granted accelerated approval for Iqirvo, a novel drug from Ipsen SA and Genfit SA, designed for treating primary biliary cholangitis (PBC). This approval, based on the drug's ability to reduce alkaline phosphatase levels, marks a significant advancement in therapies available for PBC.

GNFT

2 minute read

Toyota’s Certification Crisis Extends Beyond Japan, Could Impact EU Operations

By Shivani Kumaresan

June 11, 7:59 AM

Toyota Motor Corp. faces severe implications worldwide after discrepancies in vehicle certifications breach United Nations standards, impacting operations across 62 countries including the EU.

DIVD

2 minute read

Why Is Eli Lilly Stock Trading Higher Premarket Tuesday?

By Shivani Kumaresan

June 11, 7:51 AM

Shares of Eli Lilly surged as an FDA advisory committee endorsed donanemab, an Alzheimer's treatment shown to significantly impact early-stage patients. The drug's benefits outstripped risks, setting the stage for a final FDA decision.

BIIB

2 minute read

Boeing Close To Securing Major 737 Max Order From Israel’s El Al: Report

By Shivani Kumaresan

June 11, 6:26 AM

Boeing is reportedly in talks for a landmark deal with El Al Israel Airlines for 30 of its 737 Max jets, aiming to replace older aircraft and modernize the fleet despite past safety concerns.

AAL

2 minute read

Chipmaker Intel Pauses Construction Of $25B Chip Plant In Israel: Report

By Shivani Kumaresan

June 11, 6:08 AM

Intel has reportedly paused its plans to build a $25-billion semiconductor facility in Israel, citing the need for flexibility in project timelines and management strategies due to evolving business conditions. This pause comes despite a significant $3.2 billion incentive from the Israeli government, aimed at strengthening the global supply chain.

FTXL

2 minute read

Meta To Use European Social Media Data For AI Training: Report

By Shivani Kumaresan

June 10, 1:37 PM

Meta Platforms reportedly plans to use public social media content from Europe to train its AI models. This move aligns its data policies in Europe with other regions. Meta aims to employ publicly shared content from Instagram and Facebook, overcoming previous hesitations due to EU privacy regulations.

Qualcomm And Arm’s Legal Dispute Threatens New AI Laptop Shipments: Report

By Shivani Kumaresan

June 10, 12:46 PM

A two-year legal battle between Qualcomm and Arm Holdings could disrupt the launch of AI-powered PCs. Industry experts at Computex expressed concerns that the contract dispute might halt shipments of new laptops.

AMD

2 minute read

Nokia Demonstrates Future Of Voice Calls With 3D Audio: Details

By Shivani Kumaresan

June 10, 12:22 PM

Nokia achieved a milestone by making the first live immersive voice and audio call over a cellular network. This 5G Advanced standard technology offers real-time spatial sound, creating a three-dimensional audio experience that significantly enhances traditional smartphone calls.

NOK

2 minute read

Why Is Real Estate Firm Murano Stock Jumping Today?

By Shivani Kumaresan

June 10, 11:31 AM

Murano Global Investments PLC (NASDAQ: MRNO) shares surged after signing a non-binding MOU with a global cruise operator to develop a cruise port at its Bajamar property in Baja California, Mexico. The Baja Project includes plans for hotels and an industrial park, with the new cruise port expected to boost tourism and the local economy.

MRNO

1 minute read

Volvo Car Shifts EV Production To Belgium From China As EU Tariff Threat Looms: Report

By Shivani Kumaresan

June 10, 11:22 AM

Volvo Car AB is reportedly shifting its Chinese-made EV production to Belgium due to looming EU tariffs on China-made vehicles. The move includes the assembly of EX30 and EX90 models, as well as some U.K.-bound units. Owned by Zhejiang Geely Holding, Volvo Car faces significant tariff exposure. The EU's decision on provisional tariffs is expected this week.

GELYY