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Julius Baer International (UK) (JBARF.PK, JBAXY.PK) confirmed that it accepted the decision set out in the Final Notice published by the Financial Conduct Authority. JBI has paid a fine in the amount of 18.0 million pounds. The company noted that the FCA's criticism of individuals was limited to three...

Regal Rexnord Corp. (RRX) said it plans to explore strategic alternatives for the global motors and generators businesses. Motors and Generators is specialized in the design and manufacture of integral motors and generators for a range of industrial applications. CEO Louis Pinkham said, "After carefully...

Swedish retailer Hennes & Mauritz AB or H&M Group (HNNMY.PK, HMRZF.PK, HEN.L) Wednesday said it sees a restructuring charge of just over 800 million Swedish kronor in the fourth quarter related to its global cost and efficiency programme. H&M group's global programme to reduce costs and further improve...

Pennon Group plc (PNN.L) reported underlying profit before tax of 22.5 million pounds for the half year ended 30 September 2022 compared to 90.4 million pounds, prior year. Adjusted EPS declined to 7.9 pence from 30.6 pence. The Group said the reduction reflects the near-term pressures on earnings from...

AstraZeneca PLC (AZN.L, AZN) announced the sale of its West Chester site in Ohio, US, to National Resilience, Inc. The company expects to complete the sale in the first quarter of 2023, with a phased transition of services. Andrew Wirths, Senior Vice President, Americas Supply Region, AstraZeneca,...

Germany's BioNTech SE (BNTX) and Ryvu Therapeutics S.A., a Polish clinical-stage company developing oncology therapeutics, announced Wednesday that they have entered into a multi-target research collaboration to jointly develop and commercialize immuno-modulatory small molecule candidates. They plan...

Aspen Aerogels Inc. (ASPN) said that it has priced an underwritten public offering of 25.26 million shares of its common stock at a public offering price of $9.50 per share. ASPN closed Tuesday regular trading at $11.34 down $0.62 or 5.18%. In the after hours trade, the stock further dropped $0.80...

Investment firm KKR & Co. Inc. (KKR) said it has completed tender offer for the common shares of Japan's Hitachi Transport System Ltd. or "HTS". About 51.11% of the common shares have been tendered in the offer. The cash tender offer was through HTSK Co., Ltd., a special purpose entity owned by the...

argenx SE (ARGX) announced an agreement to acquire a FDA Priority Review Voucher for $102 million. The company expects to redeem the PRV for a future marketing application for efgartigimod, its neonatal Fc receptor blocker. "We have demonstrated proof-of-concept in four autoimmune diseases with our...

Walt Disney Co. (DIS) disclosed in a regulatory filing that it expects restructuring and change in business strategy could result in impairment charges. The company anticipates that within the coming months its chief executive officer Robert Iger will initiate organizational and operating changes...

Responding to Media reports, Eisai Co., Ltd. clarified that its investigational Alzheimer's disease drug lecanemab is not associated with two deaths involving brain bleeding that occurred in an Alzheimer's disease treatment trial. Earlier there were reports that two deaths occurred in the Alzheimer's...

Cognizant (CTSH) said that it agreed to acquire AustinCSI, a premier digital transformation consultancy specializing in enterprise cloud and data analytics advisory services. Financial details were not disclosed. The transaction is expected to close in the fourth quarter of 2022, subject to satisfaction...

Consolidated Communications (CNSL) announced Tuesday the appointment of Fred Graffam as executive vice president and chief financial officer, effective Dec. 1, 2022. After a distinguished career of 36 years with the company, Steve Childers will transition from CFO to an advisory role until December 31,...

The World Health Organization or WHO has issued an updated Emergency Use Listing for Nuvaxovid (NVX-CoV2373) COVID-19 vaccine for active immunization to prevent COVID-19 caused by the SARS-CoV-2 as a primary series of two doses in adolescents aged 12 through 17 and as a booster in adults aged 18 and...

Gilead Sciences, Inc. (GILD) announced the European Commission has authorized a new low-dose tablet dosage form of Biktarvy and an extension of the indication for Biktarvy to treat HIV infection in virologically suppressed children who are at least two years of age and weigh at least 14 kg. The company...

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