GSK announced that it would face a decline in vaccine sales this year, following disappointing performances from its respiratory syncytial virus (RSV) and shingles vaccines in the third quarter. This news caused a significant drop in GSK's shares, which fell as much as 4.1%. The British...

Biogen has raised its annual profit forecast, driven by a combination of cost-cutting measures and promising sales from its newer treatments. The company’s third-quarter profits surpassed market expectations, and its shares rose by about 1% to $185.20 in premarket trading. This financial upswing...

ByteDance founder Zhang Yiming has made headlines by emerging as China’s richest person for the first time, according to the Hurun Research Institute’s latest report. With a personal fortune estimated at $49.3 billion, Zhang has dethroned Zhong Shanshan, the chairperson of Nongfu Spring, who held...

Pfizer's recent third-quarter performance, bolstered by COVID-related products like its vaccine and antiviral pill Paxlovid, showcased not only a revenue surge but also a wider vision beyond pandemic-era profits. Despite the steady demand for COVID treatments, Pfizer's strategic emphasis is...

BP, one of the world’s largest energy firms, reported its weakest quarterly earnings in nearly four years, with profits dropping amid falling crude oil prices and tighter refining margins. While the company’s net profits of $2.3 billion for the third quarter beat analysts' estimates of $2.1...

A proposed class action lawsuit filed against Subway highlights serious concerns over misleading advertising practices in the fast-food industry. The lawsuit, submitted in federal court in Brooklyn, accuses Subway of presenting its Steak & Cheese sandwiches in advertisements that show an...

Volkswagen, Europe’s largest automaker, is navigating a turbulent phase that could reshape its operations in Germany significantly. The company plans to close at least three factories and lay off tens of thousands of employees as it aims to streamline operations and cut costs amid growing pressures...

Tesla CEO Elon Musk has once again reassured investors by announcing a robust growth forecast for 2024. Musk expects Tesla’s vehicle sales to increase by 20% to 30% next year, building on the company’s profitable core business of selling electric vehicles (EVs). This optimistic outlook has...

Hyundai Motor Co, the world's third-largest automaker, issued a warning on Thursday about slowing global demand and mounting competition in the automotive industry. Despite these concerns, the company remains committed to achieving its 2024 earnings target, even after reporting a 7% drop in...

Boeing, the iconic American aerospace manufacturer, is navigating one of the most tumultuous periods in its history. With a staggering loss of $6.17 billion in the third quarter alone and a total loss nearing $8 billion for the year, the company is at a critical juncture. In light of these...

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, has notified the U.S. government about a potential attempt by Huawei to circumvent American export restrictions. These controls, imposed two years ago, are aimed at preventing the Chinese company from...