Phoenix New Media Limited (FENG) announced that Yusheng Sun has replaced Shuang Liu as the chief executive officer.
The company noted that Shuang Liu resigned from his position as the CEO and a member of the board for personal reasons on March 25, 2023.
SoftBank Group Corp agreed to acquire all of the outstanding capital stock of Berkshire Grey Inc. (BGRY) not currently owned by SoftBank for $1.40 per share in an all-cash transaction valued at about $375 million.
SoftBank, a strategic investment holding company with stakes in AI, smart robotics,...
Recon Technology, Ltd (RCON) posted a net loss of RMB 29.9 million for the six months ended December 31, 2022 compared to net income of RMB 111.4 million for the same period in 2021. Loss per share was RMB 0.88 compared to profit of RMB 3.87.
Total revenue decreased by 16.3% to RMB 45.6 million from...
Financial services company Ally Financial Inc. (ALLY) announced Friday that Russell Hutchinson will join the company as its chief financial officer, effective July 3, 2023. He will report to Ally CEO Jeffrey Brown and be based in Charlotte, N.C.
Hutchinson brings extensive experience in the financial-services...
PTC Therapeutics Inc. (PTCT) said that its chief executive officer, Stuart Peltz, will retire. Peltz has led the company as its CEO since its founding in 1998 and pioneered the field of RNA-directed drug development.
Matthew Klein, current Chief Operating Officer, has been appointed as its CEO and...
Dawson Geophysical Co. (DWSN) announced Friday that it has entered into an asset purchase agreement with Wilks Brothers, LLC and Breckenridge Geophysical, LLC, pursuant to which the Company purchased substantially all of the Breckenridge assets related to seismic data acquisition services other than...
Western Copper and Gold Corporation (WRN.TO, WRN) announced a strategic equity investment by Mitsubishi Materials Corporation to further advance Western's copper-gold Casino Project in the Yukon. Mitsubishi Materials has agreed to acquire that number of common shares of Western that will represent approximately...
Incyte Corp. (INCY) announced Friday that the U.S. Food and Drug Administration (FDA) has issued a complete response letter for ruxolitinib extended-release (XR) tablets, a JAK1/JAK2 inhibitor, for once-daily (QD) use in the treatment of certain types of myelofibrosis (MF), polycythemia vera (PV) and...
GSK PLC (GSK.L, GSK) issued a statement as response to Sargon ruling by the California state court in respect of the Goetz case. The company noted that the scientific consensus is that there is no consistent or reliable evidence that ranitidine increases the risk of any cancer.
GSK PLC said the Zantac...
Uniper (UNPRF.PK) announced Carsten Poppinga will become new Chief Commercial Officer on 1 October. Carsten Poppinga is a mathematician and works as Senior Vice President Trading & Origination at Statkraft Markets GmbH in Düsseldorf, a subsidiary of the Norwegian Statkraft AS.
Niek den Hollander,...
Evotec SE (EVO) said Friday that it has received a US$6.6 million grant from The Bill & Melinda Gates Foundation for drug discovery in tuberculosis or "TB".
Evotec noted that the grant is the second award from the foundation to the company supporting TB drug discovery, and allows the company to progress...
TELUS Corp. (TU) said that it has priced $500 million of senior unsecured notes with a 10-year maturity. The notes are offered through a syndicate of agents led by BMO Capital Markets, Scotiabank and TD Securities Inc.
Closing of the offering is expected to occur on or about March 28, 2023.
The...
Celyad Oncology (CYAD) said that it appointed Georges Rawadi as its Chief Executive Officer, with starting date April 17, 2023. Michel Lussier will continue to serve as Interim Chief Executive Officer until April 17 to facilitate transition.
Georges Rawadi has more than 20 years of experience in pharma/biotech,...
Responding to media reports, Air Products (APD) confirmed that it is no longer involved in the coal-to-methanol Bengalon, East Kalimantan, Indonesia project, nor in other coal gasification projects in Indonesia.
The financial landscape for blue and green hydrogen projects has significantly changed...
Costar Technologies Inc. (CSTI.PK) agreed to be acquired by IDIS Co., Ltd. for about $23.2 million.
The deal price includes about $13.0 million to retire Costar's bank debt and with the remainder going to the holders of Costar common stock and vested options after payment of transaction expenses.
After...