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Shein releases product safety data ahead of London IPO
A shopper carries a bag with promotional merchandise while visiting fashion retailer Shein's Christmas bus tour, in Manchester, Britain, December 13, 2024. Temilade Adelaja |…
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Samsung Electronics posts 129.85% jump in Q4 operating profit
Samsung Electronics said Friday its operating profits surged 129.85 percent year-on-year in the fourth quarter of 2024, but fell from the previous quarter as it struggled to…
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FDA approves new class of painkiller – the first in more than 20 years
The US Food and Drug Administration has approved the use of a novel painkiller as an effective treatment for short-term moderate-to-severe pain in adults. It’s the first of a…
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Apple Tops a Billion Subscribers as Services Revenue Climbs
Go figure. Apple reports flat sales for Q4 on its flagship product and Wall St. applauds. But that’s what happened Thursday (Jan. 30) as the company reported record…
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Samsung predicts profit hit from weak chip sales as US curbs bite
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Samsung Electronics has reported that weak demand for…
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DeepSeek, next-generation AI agents may erode value of large models
Jaap Arriens | NurPhoto via Getty ImagesLarge language models like those developed by Microsoft-backed firm OpenAI are set to become commoditized this year amid rapid advances…
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Novartis beats Q4 earnings consensus as drug sales surge
By Ludwig Burger FRANKFURT (Reuters) -Novartis on Friday posted adjusted net income well above analyst estimates as sales of established heart failure drug Entresto and!-->!-->!-->…
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Novartis (NOVN) earnings Q4, full-year FY24
An office building designed by Frank O. Gehry at the Novartis AG headquarters campus in Basel, Switzerland.Bloomberg | Getty ImagesSwiss pharmaceutical giant Novartis on Friday…
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Record Revenue and EPS Amidst Global Challenges
Revenue: $124.3 billion, up 4% year over year, an all-time record. EPS: $2.40, up 10% year over year, an all-time record. iPhone Revenue: $69.1 billion, reaching all-time!-->!-->!-->!-->!-->…
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Highest risk alarm sounded for Lay’s classic chips over undeclared milk
In December, the US Food and Drug Administration issued a recall warning for Lay’s Classic Potato Chips over the possibility that the concerned batch may consist of undeclared…
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