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Volkswagen To Invest EUR 180 Bln Over 5 Years To Meet EV Targets
German auto giant Volkswagen Tuesday said it plans to invest 180 billion euros over the next five years by 2027, mainly with an aim to boost its targets for electrification and digitalization, and to grow its presence in the North America region. The company also said its solid financial performance in fiscal 2022 lays basis for profitable growth in key markets.
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Novo Nordisk Slashes US List Prices Of Several Insulin Products By Up To 75%
Healthcare company Novo Nordisk Inc. (NVO) announced Tuesday it is lowering the U.S. list prices of several pre-filled insulin pens and vials by up to 75% for people living with type 1 and type 2 diabetes.
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Synaffix Expands ADC Collaboration With MacroGenics
Dutch biotechnology company Synaffix B.V. announced Tuesday the expansion of its license agreement with biopharmaceutical company MacroGenics Inc. (MGNX) for the development of antibody-drug conjugates (ADCs).
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Bay Street Seen Opening On Mixed Note
It's likely to be a mixed open for Canadian shares on Tuesday with investors digesting U.S. consumer price inflation data, and reacting to crude oil and bullion prices.
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Wall Street Likely To See Positive Start
Higher futures point to a fairly steady start on Wall Street Tuesday morning.
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U.S. Consumer Prices Increase In Line With Estimates In February
Consumer prices in the U.S. increased in line with economist estimates in the month of February, according to a report released by the Labor Department on Tuesday. The Labor Department said its consumer price index rose by 0.4 percent in February after climbing by 0.5 percent in January. The advance by the index matched expectations.
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Dollar Drops Following U.S. CPI
Following the release of U.S. CPI for February at 8.30 am ET Tuesday, the greenback fell against its major counterparts.
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Hormel Foods Launches HORMEL Sliced Chorizo
Branded food company Hormel Foods Corp. (HRL) announced Tuesday the launch of the new HORMEL Sliced Chorizo, made with premium ingredients and authentic Spanish spices like garlic, peppers, and pimento.
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Dollar Mixed Ahead Of U.S. CPI
At 8.30 am ET Tuesday, U.S. CPI for February is set for release. Ahead of the data, the greenback traded mixed against its major counterparts. While it dropped against the euro and the pound, it held steady against the yen and the franc.
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Credit Suisse Stock Down After Admitting Material Weaknesses In Financial Reporting
Credit Suisse Group AG's shares were losing around 4 percent in Swiss trading as well as around 3 percent in pre-market activity on the NYSE after the banking major admitted that it has identified "material weaknesses" in its financial reporting for the years 2022 and 2021. The development comes as the worldwide banking industry has been facing scrutiny following the failure of U.S banks Silicon..
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Cvent Holding To Be Taken Private By Blackstone In $6.4 Bln Deal
Cvent Holding Corp. (CVT) announced Tuesday that it has entered into a definitive agreement to be acquired by an affiliate of private equity funds managed by Blackstone in a transaction valued at an enterprise value of approximately $4.6 billion.
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JetBlue Airways Backs FY23 Outlook
Announcing an operational and financial update of its expected first quarter 2023 results on Tuesday, JetBlue Airways Corp. (JBLU) said it has maintained its strong operational performance with a solid completion factor of over 98% quarter-to-date.
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Delta Air Lines Reaffirms Q1 Outlook
Ahead of its presentation at the J.P. Morgan Industrials Conference on Tuesday, Delta Air Lines, Inc. (DAL) reaffirmed its outlook for the first quarter of fiscal 2023.
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