Merck beats estimates as Keytruda sales top $3 billion for first time
Merck & Co Inc blew past Wall Street expectations for third-quarter profit on Tuesday, as sales of its blockbuster immunotherapy Keytruda crossed the $3-billion mark for the first time in a quarter and beat lofty estimates.
Oil slips to $61 on OPEC+ doubts, U.S. inventories in view
Oil slipped to around $61 a barrel on Tuesday, falling for a second day, pressured by expectations of a rise in U.S. crude inventories and doubts that OPEC and its allies will cut oil output further in December.
ConocoPhillips profit beats estimates on higher production
U.S. oil and gas company ConocoPhillips’ quarterly profit exceeded analysts’ estimates on Tuesday, as higher shale production and a gain from asset sales offset the impact from lower crude prices and higher exploration costs.
Facebook, Google, Twitter urged to do more to combat fake news in EU
Facebook , Google and Twitter must do more to tackle fake news or face regulatory action, the European Commission said on Tuesday.
Pfizer beats profit estimates, raises 2019 earnings forecast
Pfizer Inc posted a third-quarter profit well ahead of analysts’ estimates on higher sales of breast cancer drug Ibrance and raised its earnings forecast for the year, sending the largest U.S. drugmaker’s shares up 3%.
ConocoPhillips profit slumps 43% on lower oil prices, higher costs
ConocoPhillips reported a 43% drop in adjusted quarterly profit on Tuesday, dragged by lower crude prices and higher exploration expenses.
Merck profit beats estimates as Keytruda sales surge
Merck & Co Inc reported a better-than-expected quarterly profit on Tuesday and raised its full-year earnings forecast as sales of its blockbuster immunotherapy, Keytruda, crossed the $3 billion mark for the first time in a single quarter.
AT&T to reveal HBO Max pricing, details at WarnerMedia investor day
AT&T Inc executives on Tuesday are expected to reveal new details about pricing, programming and distribution of the company’s forthcoming HBO Max streaming video service as they plot the phone giant’s entrance into the streaming war.
Stocks cling to gains on trade hopes, mixed earnings weigh on Europe
World stocks hovered near a 15-month high on Tuesday underpinned by cautious optimism over a Sino-U.S trade deal and expectations of another dose of policy stimulus from the Federal Reserve, with safe havens such as gold and yen on the back foot.
China to ease foreign investments curbs, won’t force tech transfers -vice minister
China will eliminate all restrictions on foreign investments not included in its self-styled “negative lists,” a vice commerce minister said on Tuesday, and also will “neither explicitly nor implicitly” force foreign investors and companies to transfer…
