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AstraZeneca's Enhertu shows promise in early-stage breast cancer treatment
Reuters· 2025-10-18 14:33
Core Insights - AstraZeneca and Daiichi Sankyo's drug Enhertu has demonstrated strong results in two pivotal studies focused on an early stage of a specific type of breast cancer [1] Group 1 - The drug Enhertu has shown promising efficacy in clinical trials, indicating potential for significant impact in breast cancer treatment [1]
Kering nears $4 billion sale of beauty unit to L'Oreal, WSJ reports
Reuters· 2025-10-18 13:48
Kering is in advanced talks to sell its beauty division to L'Oreal for about $4 billion, the Wall Street Journal reported on Saturday, citing people familiar with the matter. ...
Paramount Skydance to cut 2,000 US jobs starting week of October 27, Variety reports
Reuters· 2025-10-18 12:57
Paramount Skydance will begin mass layoffs the week of October 27, eliminating around 2,000 U.S. jobs as part of a $2 billion cost-cutting plan under new CEO David Ellison, Variety reported on Saturda... ...
Vestas shelves Polish wind turbine plant on low European demand
Reuters· 2025-10-18 05:20
Core Viewpoint - Danish wind turbine maker Vestas has decided to halt plans for its largest factory in Poland due to weaker-than-expected demand in Europe [1] Company Summary - Vestas is a prominent player in the wind turbine manufacturing industry [1] - The decision to shelve the factory plans indicates challenges in the European market for wind energy [1] Industry Summary - The wind energy sector in Europe is experiencing lower demand than anticipated, impacting investment and expansion plans [1] - This development may reflect broader trends in renewable energy adoption and market dynamics in Europe [1]
Samsung Electronics family to sell $1.2 bln stake amid share rally
Reuters· 2025-10-18 01:37
Core Viewpoint - The mother and two sisters of Samsung Electronics Chairman Jay Y. Lee are planning to sell shares worth approximately 1.73 trillion won ($1.22 billion) in the company, as disclosed by the firm to regulators [1]. Company Summary - The planned sale involves a significant amount of shares, indicating a potential shift in ownership dynamics within Samsung Electronics [1]. - The total value of the shares being sold is equivalent to about 1.22 billion dollars, highlighting the scale of the transaction [1].
US jury finds BNP Paribas enabled Sudanese atrocities
Reuters· 2025-10-17 23:29
Core Points - A U.S. jury found BNP Paribas liable for aiding the Sudanese government in committing genocide by providing banking services that violated American sanctions [1] Group 1 - The verdict is considered historic, marking a significant legal precedent for financial institutions involved in international sanctions violations [1] - The case highlights the potential legal repercussions for banks that engage in activities supporting regimes accused of human rights violations [1] - This ruling may lead to increased scrutiny and regulatory pressure on banks operating in regions with similar geopolitical risks [1]
Trump approves tariff relief for US auto production, issues new truck duties
Reuters· 2025-10-17 22:31
Group 1 - U.S. President Donald Trump signed orders for significant tariff relief for U.S. auto and engine production, while imposing new 25% tariffs on imported medium- and heavy-duty trucks and parts starting November 1 [1][2] - A 10% tariff will be applied to imported buses [2] - Automakers will be eligible for a credit equal to 3.75% of the suggested retail price for U.S. assembled vehicles through 2030 to offset import tariffs on parts [2]
BillionToOne targets over $2 billion valuation in US IPO
Reuters· 2025-10-17 22:09
Group 1 - The core focus of the article is that molecular diagnostics firm BillionToOne is targeting a valuation of up to $2.42 billion in its upcoming U.S. initial public offering [1] Group 2 - BillionToOne is a company operating in the molecular diagnostics industry, which is a sector that focuses on the development and commercialization of diagnostic tests based on molecular biology techniques [1]
Aeroméxico seeks up to $2.9 billion valuation in US IPO
Reuters· 2025-10-17 21:45
Grupo Aeroméxico is targeting a valuation of up to $2.92 billion in its initial public offering in the U.S., the Mexican airline said on Friday. ...
Boeing can hike 737 MAX production to 42 planes per month, FAA says
Reuters· 2025-10-17 21:04
Core Viewpoint - Boeing is set to increase its 737 MAX production to 42 planes per month following the Federal Aviation Administration's decision to lift the previous cap of 38 planes per month that had been in place since January 2024 [1] Group 1 - The Federal Aviation Administration has approved an increase in Boeing's production capacity for the 737 MAX [1] - The new production rate of 42 planes per month marks a significant increase from the previous limit [1]