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British drug major AstraZeneca (AZN, AZN.L) announced Monday that its Imfinzi (durvalumab) and tremelimumab, an anti-CTLA4 antibody and potential new medicine, have both been granted Orphan Drug Designation or ODD in the US. The approval is for the treatment of hepatocellular carcinoma or HCC, the most...

BAE Systems plc (BA.L) has agreed to acquire Collins Aerospace's Military Global Positioning System business, or GPS business, for $1.925 billion. The GPS business, based in Cedar Rapids, Iowa, is a provider of mission critical military GPS receiver solutions. It is developing the next generation M-Code...

Sanofi (SNYNF, SNY) said the waiting period under the HSR Act with respect to the company's proposed acquisition of Synthorx, Inc. (THOR) has expired. The tender offer for Synthorx shares is scheduled to expire on January 22, 2020. The company noted that the consummation of the offer remains subject...

The Michigan Marijuana Regulatory Agency or MRA has expanded a recall for medical marijuana products sold at 13 different dispensaries in the state. The regulatory agency said it has issued a health and safety advisory recall due to the sale of marijuana which failed safety compliance testing. Further...

Samsung Electronics has launched its AirDresser in markets around the world, including the U.K. and Russia. The new Appliance refreshes and sanitizes clothes without washing. AirDresser removes odors and wrinkles, offering cost-effective, time-saving home laundry solution, the company said in a statement. AirDresser...

Gold prices surged higher on Friday amid doubts the signing of the phase one U.S.-China trade agreement may not resolve certain core differences.

amazon-jan17.jpg The number of Amazon Prime members in the U.S. is growing slowly, but steadily, a recent study has shown. According to the survey by the Consumer Intelligence Research Partners, LLC or CIRP, the number of Amazon Prime members in the U.S. is estimated to have risen to 112 million in December 2019 from just over 100 million in the same period of the prior year.

J.B. Hunt Transport Services, Inc. (JBHT) reported that its fourth quarter net earnings increased to $144.7 million or $1.35 per share from $88.7 million or $0.81 per share in the previous year. The prior year results included pretax charges of $134.0 million for contingent liabilities related to the...

cocacola-jan17.jpg Coca-Cola's Powerade sports drink brand expanded its product lineup by introducing two new zero-sugar products. This is the first expansion by the Powerade in over a decade. The expansion comes amid a double-digit growth in the sports water category. The last time Coca-Cola introduced a new sports dink line was when it launched the Powerade Zero in 2007.

Kansas City Southern (KSU) reported fourth-quarter adjusted earnings per share of $1.82 compared to $1.56, a year ago. On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $1.84, for the quarter. Analysts' estimates typically exclude special items. Fourth-quarter...

Equifax (EFX) said that it agreed to increase its ownership of Equifax Credit Information Services Private Ltd. or ECIS to 100%. ECIS is an Indian credit information company. Since 2010, ECIS has operated as a joint venture between Equifax and leading Indian financial institutions, including State...

holidayretailsales-jan17.jpg U.S. holiday retail sales in 2019 grew strongly compared to last year and came in at the high end of a previously forecast range, the National Retail Federation said Thursday. Holiday retail sales in 2019 grew 4.1 percent from the prior-year period to $730.2 billion. The figures exclude automobile dealers, gasoline stations and restaurants. Online and other non-store sales rose 14.6 percent.

Wabash National Corp. (WNC) said that it has appointed Mike Pettit as Senior Vice President and Chief Financial Officer. Before, Pettit served as Senior Vice President and Group President, Final Mile Products since January 1, 2018, following Wabash National's acquisition of Supreme Industries in late...

Hull & Company, LLC, a Brown & Brown, Inc. (BRO) unit, has acquired substantially all of the assets of Texas All Risk, a managing general agent for independent retail insurance agencies placing a wide range of property and casualty insurance for businesses and individuals in Texas, Louisiana, and Oklahoma. Following...

Fastenal Co. (FAST) on Friday reported a 5.9 percent increase in net earnings for the fourth quarter to $178.7 million from $168.8 million in the year-ago period. Earnings per share increased 5.4 percent to $0.31 from $0.29 last year. The company noted that adjusting for the discrete tax item that...

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