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FibroGen Sells China Unit to AstraZeneca for $160 Million

FibroGen sells China unit to AstraZeneca for $160 million

HF Sinclair Posts Larger-than-Expected Loss As Refining Margins Decline

HF Sinclair posts wider-than-expected Q4 loss on weak refining margins, global capacity rise

Birkenstock Beats Wall Street Estimates in Fiscal Q1

Birkenstock beats Wall St expectations with a profit of 19 cents per share. Revenue also exceeded forecasts, coming in at $385.9 million.

TCL replaces Panasonic as IOC global partner

TCL becomes the new Olympic sponsor replacing Panasonic in an eight-year deal through 2032. The Chinese company will provide home audiovisual equipment and appliances, AI solutions, and support for the Olympic Village.

NICE Reports Q4 Earnings

Nice Ltd. reported a Q4 profit of $99.5 million, exceeding analyst expectations. The software company's revenue was $721.6 million, also beating forecasts. For the year, Nice reported a profit of $442.6 million with revenue of $2.74 billion.

Gold Hits Record as Geopolitical Tensions Propel Haven Demand

Gold hits record high as geopolitical tensions boost haven demand, overshadowing Fed's cautious stance on interest rates.

German Sandals Fail to Win Art Status in Landmark Legal Ruling

Birkenstock sandals, a German summer staple, fail to qualify as art in the eyes of Germany's highest court, which ruled that functionality takes precedence over aesthetics in this case.

Mercedes-Benz sales of electric vehicles slump

Mercedes-Benz profits have plummeted nearly a third due to slowing electric car sales. The German automaker plans to cut production costs by 10% by 2027 to stay competitive.

Alibaba Tops Q3 Estimates on Strong Sales, Cost-Conscious Consumers

Alibaba Q3 revenue beats estimates on strong e-commerce sales and cost-conscious consumers.

Carvana Beats on Revenue, Earnings in Q4, Shares Fall in Pre-Market Trading

Carvana (CVNA) beats on revenue, profit in Q4; shares slide premarket