China is gaining a solid reputation as a pharmaceutical innovation hub, shifting from a copycat drug maker to one whose infrastructure and research and development capabilities rival global pharmaceutical behemoths, according to a global consultancy. US-based SAI MedPartners and its unit Idea Pharma recently launched a new index with the aim of highlighting Chinese drug makers and recognising their shift from generics to "true" innovation. The consultancy released the China Pharmaceutical Innovation and ...

Alibaba Group's logistics arm Cainiao and online grocery business Tmall Supermarket are teaming up to expand fulfilment infrastructure and speed up deliveries, as the Chinese e-commerce giant ramps up its efforts in China's fast-growing instant commerce battle to fend off rivals such as JD.com and Meituan. Cainiao will launch new or expand instant commerce warehouses for Tmall Supermarket across 31 mainland Chinese cities by the end of January 2026, it said in a statement on Thursday. Alibaba owns the Pos ...

China's reported development of its own extreme ultraviolet (EUV) lithography machine to make advanced semiconductors for artificial intelligence and high-performance computer systems could provide a "massive" boost to the country in its tech rivalry with the United States, according to analysts. Scientists at a high-security Shenzhen laboratory earlier this year built "what Washington has spent years trying to prevent": a prototype EUV lithography machine, according to a Reuters report on Thursday. It ...

BeOne Medicines, a global drug company that originated as a research and development (R&D) firm in Beijing, promoted Wang Lai to the newly created role of co-president, marking a leadership expansion as the company advances its late-stage pipeline and globalisation efforts. The 48-year-old has served as the company's global head of R&D since April 2021. Effective January, Wang would take the helm of an expanded portfolio, retaining his R&D responsibilities while also overseeing business development and th ...

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Japan Petroleum Exploration (Japex) has announced plans to acquire Verdad Resources Intermediate Holdings (VRIH), which owns tight oil and gas assets in the US, from Verdad Resources Feeder for around $1.3bn (Y204bn). The entire equity interest in VRIH will be acquired by Japex through its subsidiary Peoria Resources Acquisition Company, which is managed by an overseas subsidiary, Peoria Resources. This deal will make VRIH a consolidated subsidiary (sub-subsidiary) of Japex. VRIH owns tight oil and gas ...

Pittsburgh, Pennsylvania-based The PNC Financial Services Group, Inc. (PNC) operates as a diversified financial services company. With a market cap of $82.5 billion, the company provides regional banking, wholesale banking, and asset management services nationally and in its primary regional markets. The company is expected to announce its fiscal fourth-quarter earnings for 2025 before the market opens on Friday, Jan. 16, 2026. Ahead of the event, analysts expect PNC to report a profit of $4.19 per share ...

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Ontario, California-based CVB Financial Corp. will acquire Heritage Commerce Corp. in a roughly $811 million deal that’s set to give the buyer a stronger foothold in the Bay Area, the companies said Wednesday. The transaction, set to close in the second quarter of 2026, will create a bank with about $22 billion in assets and more than 75 locations – and draw San Jos ...

Group 1: Market Overview - The S&P 500 has nearly doubled since December 2020, despite a bear market in 2022 and a brief sell-off earlier this year [1] - Investor patience has been tested over the past five years, but business fundamentals are driving stock prices higher over time [2] Group 2: Netflix Performance - Netflix stock has increased 24,000% since 2005 but has underperformed the market since 2020, with an 80% rise compared to the S&P 500's 99% gain [4] - The stock saw a steep decline in 2022 due to subscriber losses but has surged 218% since then [5] - Netflix has over 300 million paying households and operates in more than 190 countries, indicating significant growth potential [7] - Analysts expect Netflix's revenue to increase by 15% in 2025, with $10 billion in net profit on $43 billion in total revenue over the last year [8] - The company is investing in content expansion and has launched an advertising-supported subscription tier to boost subscriber growth [9] - Analysts predict Netflix's earnings per share will grow at an annualized rate of approximately 24% for the foreseeable future [10] Group 3: Amazon Performance - Amazon's stock has only beaten the market in two of the past five years, underperforming the S&P 500 in 2021, 2022, and 2025 [12] - Amazon's non-retail services, including cloud computing and advertising, account for 59% of its revenue and generate the majority of its profit [13] - Amazon reported a net profit of $76 billion over the past year, with total net sales growth trending higher [15][16] - The stock is trading at a price-to-cash-flow ratio of 18, significantly lower than its previous 10-year average of 27 [17] - Analysts predict Amazon's earnings to grow at an annualized rate of 18% over the next several years [18]

According to the filing, the Board of Directors of Shriram Finance approved the proposal at its meeting held on Friday. Under the agreement, MUFG Bank will invest Rs 39,618 crore, equivalent to around USD 4.4 billion, in Shriram Finance through a preferential issuance of equity shares. This investment will result in MUFG Bank acquiring a 20.0 per cent stake in Shriram Finance on a fully diluted basis.It stated "The Board of Directors of Shriram Finance Limited ("SFL") at their meeting held today approved en ...