By Yifan Wang Chinese electric car maker Xpeng Inc. has cut prices for most of its vehicles by around 10%, joining other auto makers in lowering prices as competition heats Read more
Tag: synd
Eurozone Unemployment Rate Remained at Record Low in November Despite Slowing Economy
By Xavier Fontdegloria The eurozone jobless rate was stable in November at its record low, highlighting resilience in the labor market despite slowing economic growth. The eurozone unemployment rate stood Read more
AstraZeneca PLC Will Buy CinCor for Cardiorenal Asset
By Joe Hoppe AstraZeneca PLC said Monday that it has agreed to buy CinCor Pharma, Inc., acquiring global rights to the latter’s baxdrostat cardiorenal drug for an upfront transaction value Read more
Eurozone Inflation Sharply Slowed in December as Energy Prices Dropped
By Xavier Fontdegloria Eurozone inflation eased by more than expected in December, reaching a four-month low, driven by moderating energy prices and action from governments to cushion households from rising Read more
Contraction in U.S. Factory Sector Deepened in December — S&P Global
By Xavier Fontdegloria The U.S. manufacturing sector contracted in December at the steepest pace since the onset of the Covid-19 pandemic as demand remained subdued and production weakened, data from Read more
China Approves Merck’s Molnupiravir for Emergency Use, Regulator Says
China’s top drug regulator said Friday that it approved Merck & Co.’s Molnupiravir for emergency use on Thursday, as the country grapples with waves of infections after Beijing abruptly reversed Read more
Canada Producer Prices Slip in November
By Robb M. Stewart OTTAWA–Producer prices in Canada eased in November, led by energy products, and Canadian companies paid slightly less for raw materials. Statistics Canada’s industrial product price index Read more
Swiss National Bank Slows Tightening Cycle With a 50 Basis Points Interest-Rate Rise
By Xavier Fontdegloria Switzerland’s National Bank on Thursday increased interest rates for a third consecutive time in as many meetings, but slowed the pace of rises as inflation pressures moderated. Read more
BioVie Shares jump Premarket on Parkinson’s, Alzheimer’s Studies >BIVI
By Colin Kellaher Shares of BioVie Inc. rose sharply in premarket trading Tuesday after the clinical-stage biopharmaceutical company reported positive results from a pair of Phase 2 studies assessing the 1