China poses a "very significant" competitive challenge to German carmakers, the head of luxury carmaker BMW's new Hungarian plant said on Wednesday, with Chinese rival BYD soon to start production in ... ...

Shares of Axon Enterprise slipped 19% in premarket trading on Wednesday, a day after the Taser maker missed analysts' estimates for third-quarter profit due to higher costs from U.S. tariffs. ...

Core Viewpoint - Abu Dhabi state oil firm ADNOC is anticipated to receive EU approval for its €14.7 billion ($17 billion) acquisition of German chemicals company Covestro in the near future [1] Group 1: Acquisition Details - ADNOC's bid for Covestro amounts to €14.7 billion, which is equivalent to $17 billion [1] - The acquisition is expected to be finalized in the coming weeks, pending EU regulatory approval [1] Group 2: Market Implications - The approval of this acquisition could signify ADNOC's strategic expansion into the chemicals sector, enhancing its portfolio and market presence [1] - Covestro, as a leading chemicals company, may provide ADNOC with valuable assets and technologies, potentially leading to increased revenue streams [1]

Wegovy-maker Novo Nordisk presented new data on Wednesday showing its experimental weight-loss pill improved blood sugar control and reduced cardiovascular risk factors, bolstering the Danish drugmake... ...

Iron Mountain beat Wall Street estimates for a key earnings metric in the third quarter on Wednesday, as businesses turn to its data centers amid rising demand for AI applications. ...

Zimmer Biomet Holdings cut its 2025 organic revenue growth forecast following weakness in Latin America and emerging markets in Europe that offset the company's strong performance in the U.S., sending shares 8.4% lower in premarket trading. ...

Core Viewpoint - Ceres Power experienced a significant stock surge of over 23% following the announcement of a licensing deal with its largest Chinese shareholder aimed at powering data centers [1] Company Summary - Ceres Power is a British clean-energy technology developer that focuses on innovative solutions for energy generation [1] - The licensing deal is expected to enhance the company's capabilities in the data center sector, which is increasingly reliant on sustainable energy solutions [1] Industry Summary - The clean energy sector is witnessing growing interest and investment, particularly in technologies that support data centers, which are critical for digital infrastructure [1] - Partnerships between Western clean energy firms and Chinese stakeholders are becoming more common as both regions seek to advance their energy transition goals [1]

Core Insights - Teva Pharmaceutical Industries reported a higher-than-expected rise in third-quarter profit, driven by strong sales of its trio of branded drugs for migraines, Huntington's disease, and other conditions [1] Financial Performance - The company's third-quarter profit exceeded expectations, indicating robust financial health and effective market strategies [1] Product Performance - Strong sales from three key branded drugs contributed significantly to the profit increase, showcasing the effectiveness of Teva's product portfolio in addressing specific health conditions [1]

Contract drug developer Charles River Laboratories on Wednesday raised its annual profit forecast after posting strong third-quarter results, helped by stabilized demand for its drug discovery and dev... ...

Tesla's sales volume in Germany more than halved in October from the same month last year, the German road traffic agency KBA said on Wednesday, although sales of battery electric vehicles rose overal... ...