So-Young International (SY) reported a first quarter net loss attributable to So-Young of RMB 49.2 million compared with a net loss of RMB 33.1 million, a year ago. Loss per ADS was RMB 0.48 compared with a loss per ADS of RMB 0.32. Non-GAAP net loss attributable to So-Young was RMB 46.6 million, compared...
A French court has found that Air France and Airbus are guilty of involuntary manslaughter in a 2009 plane crash in the Atlantic Ocean that killed 228 people on board. The Paris Court of Appeal ruled the companies are solely and entirely responsible, citing failures to address known safety risks. Each company was fined the maximum legal penalty of 225,000 euros or about $260,000...
Cencora Inc. (COR), a pharmaceutical company, announced that it has raised the lower end of its fiscal 2026 adjusted earnings outlook. Further, the company said its Board of Directors, on May 20th, authorized additional up to $2.0 billion share repurchase program. Under the new guidance, the company...
Eiffage SA (FGR.PA, EFGSF), on Friday through its subsidiary Eiffage Énergie Systèmes, is building four solar power plants in Morocco for the NOOR Atlas programme on behalf of the Moroccan Agency for Sustainable Energy or MASEN. The construction began in early 2026 and delivery is scheduled for mid-2027. The...
Generali (GE1G, GDEUF.PK) reported first quarter net result of 1.17 billion euros compared to 1.19 billion euros, prior year. Operating result was 2.2 billion euros, up 8.1%. Adjusted net result rose by 5.2% to 1.27 billion euros. Adjusted EPS was 0.84 euros, compared to 0.79 euros. Without one-off tax...
Shares of quantum computing companies surged Thursday and extended gains in after-hours trading after the U.S. government said it would provide about $2 billion in federal incentives to nine companies to accelerate domestic quantum computing research and manufacturing. The Department of Commerce said...
Frontline Plc (FRO, FRO.OL), a shipping company, on Friday reported higher net income in the first quarter of 2026 compared with the previous year, driven by a strong tanker market amid Middle East disruptions. For the first quarter, profit increased to 559.12 billion from 33.29 billion in the previous...
Compagnie Financiere Richemont AG (CFRUY, CFRHF), a Swiss luxury goods company, reported Friday higher net profit in fiscal 2026, while profit from continuing operations declined from last year, despite sales growth. The firm further announced higher dividend. In fiscal 2026, profit attributable to...
FortuneX Acquisition Corp. (FXACU) Friday announced the pricing of its Initial Public Offering or IPO of 7.5 million units at $10.00 per unit. Each unit consists of one ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one ordinary share at $11.50...
Regeneron Pharmaceuticals Inc (REGN) said its Phase 1/2 LINKER-AL2 trial showed encouraging results for Lynozyfic in patients with relapsed or refractory systemic amyloid light chain (AL) amyloidosis Systemic AL amyloidosis is a rare blood disorder with no approved therapies after initial treatment...
The Australian Competition and Consumer Commission, or ACCC, stated that Coles Supermarkets Australia and Brownes Foods Operations have each paid A$39,600 in penalties after the ACCC issued each company with two infringement notices for separate alleged contraventions of the Dairy Code of Conduct. The...
Swiss wealth management firm Julius Baer Gruppe AG (JBAXY.PK, JBARF.PK, BAER.SW), in its four-month trading statement, on Friday reported all-time high assets under management and exceptional client activity. Net new money inflows were 3 billion Swiss francs in the period. Looking ahead, the company...
Teva Pharmaceuticals International GmbH, a unit of Teva Pharmaceutical Industries (TEVA), and Medincell announced that the European Medicines Agency has accepted the Marketing Authorization Application for olanzapine long-acting injectable, or TEV-'749, for the treatment of schizophrenia in adults. TEV-'749...
Biogen Inc. (BIIB) and Denali Therapeutics Inc. (DNLI) reported results from the Phase 2b LUMA study evaluating BIIB122 (DNL151), a small molecule inhibitor of LRRK2 in early-stage Parkinson's disease. The study found that BIIB122 did not slow disease progression compared to placebo, as measured by the...
Peace Acquisition Corp. (PECEU), a blank check company, on Thursday, announced the pricing of its initial public offering of 6 million units at $10 per unit. The units are expected to begin trading on the Nasdaq Capital Market on May 22 under the ticker symbol "PECEU." The company granted the underwriters...
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.