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Category: Business News

13Feb

Novo Nordisk to Launch Wegovy Weight-Loss Pill in Vials

Novo Nordisk said on Wednesday it plans to launch its weight-loss pill Wegovy in vials. "We are exploring various device presentations for Wegovy, including vials - some are launching this…
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13Feb

Albemarle Posts Wider Loss, Idles Australian Lithium Plant

Albemarle, the world's largest producer of lithium, posted a larger-than-expected quarterly loss on Wednesday and said it would idle a major Australian processing plant as it continues to face weak…
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13Feb

Unilever Flags Weak 2026 Outlook on U.S., Europe Slowdown Despite Emerging Market Boost

Unilever warned on Thursday that 2026 sales growth would come in at the bottom end of its forecast range after a slowdown in the U.S. and Europe, knocking its shares,…
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13Feb

Platinum Equity Sells Urbaser to Blackstone, EQT for $6.6B

Privately-held Platinum Equity has agreed to sell Spanish waste management company Urbaser to Blackstone and EQT for $6.6 billion, the company said in a statement on Thursday. Platinum Equity will…
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13Feb

China Allows EV Makers to Negotiate EU Tariffs After VW Reprieve

China's commerce ministry shifted its stance on Thursday by accepting that Chinese electric vehicle makers can negotiate independently with the European Union, after Volkswagen secured a tariff reprieve for one…
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13Feb

Lenovo Q3 Profit Falls 21%, Beats Estimates on Strong Revenue

China's Lenovo Group reported on Thursday a 21% drop in third-quarter profit, but beat analyst expectations as strong revenue growth helped offset margin pressures. Net profit attributable to shareholders fell to…
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13Feb

British American Tobacco Unveils AI Plan, Signals Job Cuts as Profit Rises

British American Tobacco on Thursday announced a new AI-driven productivity programme expected to lead to job cuts, while reporting higher annual profit as its Velo nicotine pouch gained U.S. market…
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13Feb

Toyota Motor Extends Toyota Industries Tender Offer Amid Elliott Opposition

A Toyota Motor tender offer for Toyota Industries has been extended until March 2 after it appeared to fall short of the necessary shareholder votes in the face of staunch…
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12Feb

U.S. Judge Lets Epstein Sex-Trafficking Claims Against Bank of America Proceed

A U.S. judge on Wednesday said accusations that Bank of America recklessly disregarded information that the late financier Jeffrey Epstein engaged in sex trafficking were sufficient to let a proposed…
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12Feb

Musk Revamps xAI Leadership Ahead of Mega IPO, Post SpaceX Merger

Elon Musk has overhauled the management of his artificial intelligence startup xAI ahead of a planned initial public offering that could rank among the largest ever, after merging the company…
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