The primary objective of a late-stage study intended to demonstrate that GSK’s blood cancer drug Blenrep was superior to an already available treatment on the market was not met, the company said on Monday. As a standalone manufacturer of prescription drugs and vaccines, oncology is a major area of focus for GSK. Following its statement,…
In an effort to reignite growth by luring in budget-conscious users, Netflix has released its first subscription package with ads. However, the hurried release, high prices for slots, and accompanying demands have left some advertisers unconvinced. Basic with Ads, which launched this week in 12 nations, costs £4.99 per month in the UK, £2 less…
Since Elon Musk first said he’d buy Twitter, the price of Tesla stock has decreased by more than 35%. Shares of Tesla CEO Elon Musk’s electric vehicle manufacturer have fallen more than 35% since he revealed his offer to purchase Twitter. However, on Friday, during a market rally that followed a turbulent week, shares of…
While Singapore wants to be a progressive regulator, it is not friendly to cryptocurrency trading, claimed Brian Armstrong, co-founder and CEO of the American cryptocurrency exchange platform Coinbase. After many retail investors lost sizable portions of their savings, the city-state has repeatedly cautioned that cryptocurrencies are highly speculative and volatile. Additionally, it forbids cryptocurrency advertising…
Starbucks’ quarterly earnings and revenue exceeded analysts’ expectations thanks to increased spending by American customers on iced coffee drinks and Pumpkin Spice Lattes. The coffee company, based in Seattle, also reported that U.S. traffic improved in the quarter and has almost reached 2019 levels. “Despite elevated pricing actions taken throughout the year, daily store traffic…
According to three industry sources, Shell’s liquefied natural gas (LNG) trading division suffered a loss of nearly $1 billion in the third quarter of the year after traders were caught off guard by a sharp increase in gas prices in Europe after Russia cut off supplies. The top LNG trader in the world, Shell, last…
The owner of car brands like Fiat and Peugeot said in a statement on Thursday that improved semiconductor supplies helped to boost sales volumes, which led to a 29% increase in Stellantis’ third-quarter revenues. But as the shortage of semiconductors eased, other supply chain problems emerged, particularly in Europe’s logistics, affecting the third-largest automaker in…
A person with direct knowledge of the situation said on Monday that COVID-19 problems at Foxconn’s iPhone assembly plant in China’s Zhengzhou city could reduce the site’s November output of the Apple Inc. device by as much as 30%. The person, who asked to remain anonymous because the information was private, stated that Foxconn, formerly…
Stellantis announced on Monday that the joint venture it has with Guangzhou Automobile Group, which produces Jeep vehicles in China, is declaring bankruptcy. This comes after a protracted decline for the oldest foreign auto brand in the biggest market in the world. The European automaker claimed in a statement that its results for the first…
After successfully completing his $44 billion acquisition of the social media platform Twitter, billionaire Elon Musk has stated that there won’t be any immediate changes to the content moderation policies of the platform. “To be super clear, we have not yet made any changes to Twitter’s content moderation policies,” he tweeted. He had previously declared the…
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