COPENHAGEN - The U.S. Food and Drug Administration (FDA) has granted Priority Review for epcoritamab, a potential new treatment for patients with relapsed or refractory follicular lymphoma, announced Genmab A/S (NASDAQ: NASDAQ:GMAB) and AbbVie (NYSE: NYSE:ABBV). This designation could significantly expedite the therapy\'s approval process, with a target action date set for June 28, 2024....
By Ana Mano SAO PAULO (Reuters) - Brazilian poultry and pork processor BRF SA (NYSE:BRFS) turned a profit of 823 million reais ($165.26 million) in the final three months of 2023, according to an earnings statement on Monday, ending a seven-quarter losing streak. Including effects of hyperinflation in Turkey, where it also has large operations,...
PITTSBURGH - Wesco International, Inc. (NYSE: NYSE:WCC) has announced the pricing of a private offering of senior notes by its subsidiary, WESCO Distribution, Inc. The offering includes $900 million of 6.375% senior notes due in 2029 and $850 million of 6.625% senior notes due in 2032. The company has upsized the offering from the initially...
By Byron Kaye and Echha Jain SYDNEY (Reuters) - Australia\'s No. 2 supermarket operator Coles Group (OTC:CLEGF) on Tuesday rejected accusations of price gouging as its first-half profit beat analyst forecasts, saying food inflation was a global problem and its margins were steady. Coles and larger rival Woolworths Group, which together account for two-thirds of...
By Brigid Riley TOKYO (Reuters) - As economic and geopolitical woes spur an exodus of investors from China, many have been redirecting money into Japan, giving the benchmark Nikkei an extra boost as it rockets to all-time highs. While some investors just want to say goodbye to Japan\'s troubled neighbour in embracing the land of...
By Sarah Morland MEXICO CITY (Reuters) -Mexican restaurant chain operator Alsea on Monday posted a 37% jump in its net profit for the last three months of 2023, citing an uptick in sales linked to better consumer trends. The company\'s net profit touched 1.05 billion pesos ($62 million). Alsea, which operates chain stores including Starbucks...
SINGAPORE (Reuters) - Cryptocurrency bitcoin hit a two-year high above $57,000 in Asia trade on Tuesday on signs of heavy institutional buying, while smaller rival ether topped $3,200 for the first time in two years. Bitcoin has rallied more than 10% in two sessions, helped by a Monday disclosure from crypto investor and software firm...
-- Most Asian stocks retreated on Tuesday as caution persisted before a string of key economic readings this week, with Japan’s Nikkei 225 falling from record highs after a slightly stronger-than-expected inflation print. Regional markets took weak cues from a middling overnight close on Wall Street, as a tech-fueled rally to record highs now appeared...
-- Standard Chartered PLC (LON:STAN) suspended new offshore investments by its Chinese clients through a key regulatory program since last week, Reuters reported on Tuesday citing a statement from the lender. The Asia-focused bank told Reuters that it had suspended new investments under the Qualified Domestic Institutional Investor (QDII) programme for “commercial reasons.” The move comes...
-- Shares of Hong Kong-listed Chinese electric vehicle stocks rose on Tuesday, led chiefly by a sharp rally in Li Auto Inc (HK:2015) (NASDAQ:LI) after the firm clocked stronger-than-expected earnings in the fourth quarter. Shares of the EV maker jumped nearly 20% to HK$166.30- their highest level since August 2023. The stock was the top...