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GE Aerospace raises 2025 profit forecast on robust aftermarket demand
Reuters· 2025-10-21 10:27
GE Aerospace raised its 2025 profit forecast on Tuesday, projecting a strong finish to the year on robust demand for aftermarket maintenance services due to a shortage of new jets. ...
Elevance beats quarterly profit estimates as medical costs remained in check
Reuters· 2025-10-21 10:07
Core Insights - Elevance Health reported third-quarter profit that exceeded Wall Street estimates, indicating strong financial performance [1] Financial Performance - The company successfully managed to keep medical costs in check, contributing to its better-than-expected profit results [1]
Insight: Novo Nordisk fights to keep Medicaid paying for weight-loss drugs
Reuters· 2025-10-21 10:03
Novo Nordisk, which lobbied to win Medicaid reimbursement for its obesity drug Wegovy, is fighting to keep that coverage as some U.S. states struggle with the treatment's costs, according to state doc... ...
Growth at a cost: Tesla's cheaper EVs might revive sales but squeeze profit
Reuters· 2025-10-21 10:01
The profitability of Tesla's so-called affordable new cars will be in focus when the electric vehicle maker reports quarterly results on Wednesday, and analysts think that thousands of dollars in cost... ...
Biotech firm Galapagos to wind down cell therapy business
Reuters· 2025-10-21 07:34
Core Viewpoint - Biotechnology firm Galapagos will cease its cell therapy business after unsuccessful attempts to sell it, resulting in the loss of 365 jobs across Europe, China, and the U.S. [1] Company Summary - Galapagos is winding down its cell therapy operations due to failed sale efforts [1] - The decision will impact 365 employees in multiple regions, including Europe, China, and the U.S. [1] Industry Summary - The biotechnology sector is facing challenges, as evidenced by Galapagos' decision to exit a segment of its business [1]
ECB's Lane warns of dollar risk for banks
Reuters· 2025-10-21 07:29
Euro zone banks may come under pressure in a scenario in which U.S. dollar funding dries up, potentially forcing them to curtail lending to the economy, the European Central Bank's chief economist Philip Lane said on Tuesday. ...
Shawbrook sees strong demand for London IPO seeking up to $2.7 billion market cap
Reuters· 2025-10-21 07:28
Shawbrook's London IPO, targeting a valuation of up to 2 billion pounds ($2.68 billion), is covered within the price range on the full deal size including the over-allotment option, a bookrunner said on Tuesday, signalling solid investor appetite for the lender's listing. ...
Unilever delays Magnum demerger timeline on US government shutdown
Reuters· 2025-10-21 06:20
Core Insights - Unilever announced a delay in the timeline for the planned demerger of The Magnum Ice Cream Company due to the U.S. federal government shutdown [1] Company Summary - The demerger of The Magnum Ice Cream Company, which is part of Unilever's strategy, is now postponed, with further updates on the revised schedule expected [1]
Spain's Enagas swings to profit in first nine months of 2025
Reuters· 2025-10-21 06:17
Spanish gas grid operator Enagas reported on Tuesday a 262.8 million euro ($306.5 million) profit for the first nine months of the year compared with a loss a year ago due to a capital loss on the sal... ...
Medical gear maker Getinge tops core profit estimates in third quarter
Reuters· 2025-10-21 06:15
Swedish medical equipment maker Getinge reported third-quarter core earnings above market expectations on Tuesday, supported by price adjustments to combat a hit from U.S. tariffs and negative currenc... ...