Business

Stay updated with the latest business news, market trends, expert insights, and industry updates to help you stay ahead in the competitive world of business.

Latest Posts

Drug Lobbyists Call for Reforms as PBMs Face Bipartisan Scrutiny

Drug companies and pharmacy benefit managers are clashing in Washington, D.C. over rebate strategies amid rising scrutiny of PBM practices. CVS defends PBMs' role in lowering branded drug costs, despite industry shifts toward generic and low-cost options from Walmart, GoodRx, and telehealth companies.

Italy Scrambles to Boost Birthrate and Female Employment

Italy's plan to boost birth rates and female employment has been hindered by bureaucratic delays, forcing the government to scale back its childcare support program.

European Investors Eye Industrial Stocks Poised for Military Spending Surge

Investors are looking beyond traditional defense stocks towards industrial companies poised to benefit from increased military spending, including Thyssenkrupp, Iveco Group, and Fincantieri, whose shares have surged recently as defense budgets rise.

Airbus CEO Wants EU to Relax Stance for Space Merger

Airbus CEO seeks EU antitrust approval for space merger talks with Thales and Leonardo.

Teck Beats Q4 Profit Estimates on Strong Copper Production

Teck Resources beats profit estimates on higher copper production from Chile mine

South Korea to Impose Tariffs on Chinese Steel Amid Market Concerns

South Korea will impose tariffs on Chinese steel, steel producers

Singapore Airlines reports doubled net profit on Air India-Vistara merger gain

Singapore Airlines' net profit more than doubled in Q3, boosted by a one-time gain from the Air India-Vistara merger. The airline now holds a 25.1% stake in the Air India group.

Anglo American Posts Loss On De Beers

Anglo American (AAUKF) reported a loss in its diamond unit and a decline in profit as it continues its business overhaul, focusing on iron ore and copper. The company plans to exit its De Beers diamond unit in the second half of the year amidst industry challenges and a writedown of $2.9 billion. Anglo also announced a partnership with Codelco to develop mining operations in Chile.

CoStar Plans A$2.7 Billion Bid for Domain Holdings

U.S. real estate firm CoStar prepares A$2.7 billion bid for Australian property classifieds firm Domain Holdings.

Germany Approves €920 Million State Aid for Infineon's Dresden Chip Plant

EU approves €920 million German state aid for Infineon semiconductor plant in Dresden