Exclusive: Facing crackdown in Canada, drugmakers offered billions in price cuts
Canadian pharmaceutical industry lobby groups, in an effort to head off a planned crackdown on prescription drug prices, offered to give up C$8.6 billion ($6.6 billion) in revenue over 10 years, freeze prices or reduce the cost of treating rare disease…
Carlsberg posts fourth-quarter sales above expectations, sees 2019 organic growth below last year
Danish brewer Carlsberg on Wednesday posted fourth-quarter sales above expectations and said it expects organic operating profit to grow by mid-single-digit percentage in 2019, well below last year.
SoftBank Group’s third-quarter profit leaps 60 percent, beating estimates
Japan’s SoftBank Group Corp reported a 60 percent rise in quarterly operating profit on Wednesday, buoyed by rising valuations of its technology investments.
United to add premium seats on regional and mainline jets
United Airlines said on Wednesday it was adding 1,600 premium seats to nearly 250 international and domestic aircraft, including the introduction of a first-class cabin on 50 Bombardier Inc regional jets.
Toyota’s third-quarter operating profit edges up as Asia sales rise
Toyota Motor Corp’s quarterly operating profit edged up as continued increase in sales in Asia, including China, offset lower sales in North America, its biggest market.
Tesla cuts Model 3 price for second time this year
Tesla Inc said on Wednesday it was lowering the price of its Model 3 sedan for the second time this year, moves that come in the wake of Tesla losing a tax credit that made its cars more affordable for U.S. buyers.
Asian shares subdued after Trump speech, Aussie slumps
Asian shares were subdued on Wednesday after U.S. President Donald Trump’s State of the Union speech failed to give markets fresh trading catalysts, while the Australian dollar slumped after the central bank opened the door to a possible rate cut.
Asian shares mark time before Trump speech
Asian shares started cautiously on Wednesday as investors waited to see if U.S. President Donald Trump drops any hints of progress on tariffs in his State of the Union speech.
ABC and parks boost Disney profit above forecasts
Walt Disney Co reported quarterly earnings on Tuesday that handily topped Wall Street estimates thanks to a booming theme park business and growth at its ABC broadcast network as the company invests in a digital media future.
EA cuts revenue outlook after ‘Battlefield’ disappoints, shares dive
Videogame maker Electronic Arts cut its yearly revenue outlook on Tuesday after its newest “Battlefield” title sold about a million fewer units than expected, amid rising competition in an industry being reshaped by upstarts like “Fortnite” and “PUBG….
