The Swiss generic drugmaker will resolve long-running U.S. litigation over alleged anti-competitive practices without admitting wrongdoing and confirmed its financial outlook remains unchanged.
Swedish health-tech firm Aino Health reported a drop in second-quarter sales and a wider loss, attributing the performance to postponed customer project implementations and a constrained cash position.
Danish drugmaker Novo Nordisk is showing signs of a comeback against rival Eli Lilly, fueled by stronger-than-expected sales of its new oral weight-loss pill, Wegovy. The renewed competition is intensifying the battle for a market projected to exceed $100 billion by 2030.
Fleetpartners Group received a non-binding A$760.3 million takeover proposal from SG Fleet, backed by Pacific Equity Partners, sending its shares to a 20-month high. The A$3.60 per share offer comes amid reports of potential rival interest from Smartgroup Corporation.
BYD reported a 21.8% year-over-year increase in July vehicle sales, driven by a record surge in overseas demand. The strong performance contrasts with slowing momentum for rivals like Nio and XPeng, highlighting BYD's growing international advantage.
Following a volatile sell-off driven by the collapse of leveraged ETFs, some institutional investors are reassessing South Korean equities, viewing the downturn as a technical event that has created a buying opportunity in fundamentally strong companies.
The Belgian insurer will sell its 30.95% stake in Maybank Ageas to its joint venture partner, a deal expected to generate a €450 million capital gain and boost its Solvency II ratio by 25 percentage points.
Shares of Japanese ceramics manufacturer TOTO Ltd. plunged on Monday after the company reported fiscal first-quarter earnings that fell short of market forecasts, raising investor concerns over valuation and growth prospects.
Italian cable manufacturer Prysmian has agreed to buy U.S. electrical products maker Atkore for $3.8 billion, aiming to capitalize on growing demand for infrastructure related to AI and electrification.
