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EU commission to reverse effective 2035 combustion engine ban, EPP's Weber says
Reuters· 2025-12-12 12:48
The European Commission on Tuesday will propose rule changes that reverse previous plans for an effective ban on selling new cars with combustion engines in the 27-nation bloc from 2035, a senior EU l... ...
Health Rounds: Pfizer drug delays progression of advanced breast cancer in trial
Reuters· 2025-12-12 12:24
Core Insights - Pfizer's Tukysa has been shown to significantly delay disease progression in patients with HER2-positive metastatic breast cancer who responded well to initial treatment [1] Group 1: Drug Efficacy - Tukysa added to maintenance therapy resulted in a notable delay in disease progression for patients with HER2-positive metastatic breast cancer [1]
FDA expands approval of BioCryst's rare disease drug for use in young children
Reuters· 2025-12-12 12:06
Core Insights - The U.S. Food and Drug Administration (FDA) has expanded the use of BioCryst Pharmaceuticals' drug to include an oral pellet formulation for preventing hereditary angioedema attacks in children aged 2 and older [1] Company Summary - BioCryst Pharmaceuticals has received FDA approval for a new oral pellet formulation of its drug, which is aimed at preventing hereditary angioedema attacks in pediatric patients [1]
Morning Bid: Is Santa Claus coming to town?
Reuters· 2025-12-12 11:35
Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. ...
Focus: Wells Fargo hiring spree fuels investment banking ambitions
Reuters· 2025-12-12 11:33
Wells Fargo , the fourth-biggest U.S. bank, plans to extend its hiring spree in investment banking after new recruits and efforts to grow market share significantly boosted the lender's ranking in mer... ...
Hensoldt to supply Rheinmetall's air defence division with radars
Reuters· 2025-12-12 11:32
Core Insights - Hensoldt will provide radar systems for ground-based air defense applications to Rheinmetall's air defense division [1] Company Summary - Hensoldt is a key supplier in the defense sector, focusing on advanced radar technology [1] - Rheinmetall is enhancing its air defense capabilities through this collaboration with Hensoldt [1]
Oracle's stumble hits AI trade, but many remain bullish
Reuters· 2025-12-12 11:13
The red-hot trade backing artificial intelligence-related stocks has taken a bruising from a disappointing report from Oracle, reigniting concerns about frothy valuations and an AI bubble. ...
Cannabis stocks surge on report Trump seeks to ease restrictions
Reuters· 2025-12-12 11:06
Core Viewpoint - Shares of cannabis companies experienced a significant increase following reports that U.S. President Donald Trump is expected to advocate for substantial reductions in federal restrictions on marijuana [1] Group 1 - The Washington Post's report has led to a positive market reaction for cannabis companies, indicating investor optimism regarding potential regulatory changes [1]
Renault exits car-sharing, scales back EV charging as it puts profits first in tough market
Reuters· 2025-12-12 10:02
Core Insights - Renault is discontinuing its carsharing services and is slowing the expansion of fast-charging stations at its Mobilize unit, which is focused on new transport solutions as part of a strategic shift to prioritize investments in other areas [1] Group 1: Company Strategy - The decision to shut down carsharing services indicates a strategic pivot for Renault, aiming to allocate resources more effectively [1] - The slowdown in the rollout of fast-charging stations suggests a reassessment of the company's approach to electric vehicle infrastructure [1] Group 2: Industry Implications - Renault's actions may reflect broader trends in the automotive industry, where companies are reevaluating their investments in mobility services and infrastructure in response to market conditions [1] - The focus on funneling investments into more promising areas could signal a shift in how traditional automakers are adapting to the evolving landscape of transportation solutions [1]
Analysts flag risks for Strategy at Nasdaq's 100 index reshuffle
Reuters· 2025-12-12 09:53
Core Insights - The company Strategy, known for its significant Bitcoin holdings, may face removal from the Nasdaq 100 index during the upcoming annual reshuffle due to concerns regarding its business model and declining share price [1] Company Analysis - Strategy's business model is under scrutiny, which has contributed to a decrease in its share price [1] - Analysts have raised flags about the sustainability of Strategy's operations in the current market environment [1] Market Implications - The potential removal from the Nasdaq 100 index could have significant implications for Strategy's market perception and investor confidence [1] - The annual reshuffle of the index is a critical event that could affect the liquidity and valuation of the company's shares [1]