Shein, the chinese ultra-fast fashion giant, has struck a deal to take a majority stake in Everlane, which is quite a change for a brand known for its commitment to ethical production and "radical transparency."
ABC Trading Inc. is pulling back around 84,700 kids' toys because of a danger related to button batteries, as stated in a notice from the U.S. Consumer Product Safety Commission.
The Orb Factory has pulled around 121,340 Orb Funkee squeeze toys from the U.S. market because they may contain asbestos in the sand filling, according to a notice from the U.S. Consumer Product Safety Commission.
Spotify has teamed up with Universal Music Group to let users make AI-generated covers and remixes from songs by artists involved in the program.
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...
Google Gemini under Alphabet Inc. (GOOG) is joining forces with CapCut to incorporate video and image editing features right into Google's AI assistant platform, further enhancing Gemini's suite of creative AI tools.
Novo Nordisk announced that the Committee for Medicinal Products for Human Use (CHMP) under the European Medicines Agency (EMA) adopted a positive opinion, recommending marketing authorisation of Wegovy 7.2 mg (once-weekly injectable semaglutide 7.2 mg) in a single-dose pen for people living with obesity. Wegovy...
Air Canada (AC.TO) announced that it has reached a tentative collective agreement with Unifor, the union representing approximately 6,000 of its employees. These include contact centre staff, customer relations teams, concierge services, airport in-terminal agents, and those managing customer journeys...
Pharming Group (PHAR) announced that the European Commission granted marketing authorization for Joenja (leniolisib), an oral, selective phosphoinositide 3-kinase (PI3K) delta inhibitor, for the treatment of activated PI3K delta syndrome (APDS), a rare primary immunodeficiency, in adult and pediatric...
Activision Blizzard shareholders have secured a $250 million settlement tied to claims that Microsoft and some former Activision executives shortchanged investors during Microsoft's 2023 acquisition of the video game publisher.
Technology giant Google has appealed a U.S. federal court ruling that found the search giant illegally maintained monopolies in online search and related advertising markets. According to Reuters, the company on Friday filed its appeal challenging a 2024 decision by U.S. District Judge Amit Mehta,...
Assembly Biosciences, Inc (ASMB), a biotechnology company, on Friday announced that it has priced underwritten offering of 3.35 million shares of common stock at an offering price per share of common stock of $26.50, to raise around $100 million in gross proceeds. Separately, the company announced...
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.
AstraZeneca PLC (AZN), a biopharmaceutical company, and Daiichi Sankyo Company Limited (4568.T), a healthcare company, on Friday announced the approval of Datroway in the treatment of metastatic triple-negative breast cancer by the U.S. Food and Drug Administration (FDA). Triple-negative breast cancer...
This week's biotech landscape saw regulatory approvals across the U.S., Canada, and China, alongside collaborations, acquisitions, program halts, and positive data readouts spanning multiple therapeutic areas, including severely calcified coronary artery disease, Wilson disease, and alpha-1 antitrypsin...
Regeneron Pharmaceuticals Inc. (REGN), a biotechnology company, on Friday reported the acceptance of a Market Authorization Application (MAA) review by the European Medicines Agency (EMA) for Otarmeni, a gene therapy developed to treat OTOF-associated hearing loss. Biallelic OTOF variant-associated...
Agios Pharmaceuticals, Inc. (AGIO) announced that the European Commission has approved PYRUKYND for adults with alpha- or beta-thalassemia, marking the first and only medicine authorized across all EU member states for both transfusion-dependent and non-transfusion-dependent forms of the disease.
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...
A reading on leading U.S. economic indicators unexpectedly edged slightly higher in the month of April, according to a report released by the Conference Board on Friday. The Conference Board said its leading economic index crept up by 0.1 percent in April after falling by 0.6 percent. Economists had expected the index to dip by 0.3 percent.
A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated by much more than previously estimated in the month of May. The University of Michigan said its consumer sentiment index for May was downwardly revised to 44.8 from a preliminary reading of 48.2. Economists had expected the index to be unrevised.
Latvia's unemployment rate increased in the first quarter of 2025 after falling in the previous quarter. The jobless rate rose to 7.1 percent in the first quarter from 6.7 percent in the third quarter. The number of unemployed people increased to 66,400 in the March quarter from 63,800 in the preceding three-month period.
Poland's manufacturers expressed a less pessimistic attitude in May. The manufacturing confidence index rose to -4.1 in May from -4.4 in April. The indicator also improved from -9.2 in the corresponding month last year. Among other business climate indicators, the most significant upturn was noted in the accommodation and food service activities section.
Workday, Inc. (WDAY) will host a conference call at 4:30 PM ET on May 21, 2026, to discuss Q1 27 earnings results. To access the live webcast, log on to https://investor.workday.com/news-and-events/investor-relations-events/default.aspx
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...