Drugmaker Novartis climbs after guidance rise on sales of blockbuster drugs
Shares of Swiss drugmaker Novartis climbed as much as 4.8% in early deals Tuesday after it raised its full-year guidance following better-than-expected first-quarter results.
SoftBank will reportedly invest nearly $1 billion in AI push, tapping Nvidia’s chips
SoftBank will invest $960 million by 2025 to bolster its computing facilities in preparation for its own generative intelligence model.
China’s ‘Netflix’ iQiyi pivots toward an aging population in an AI era
IQiyi founder Gong Yu also pointed to estimates that predict about one-fourth of China’s population will be considered elderly in 2033.
India is a key chip design market, Qualcomm says, as Modi makes semiconductor push
Qualcomm is already designing chips in India, Qualcomm India’s president Savi Soin said in an exclusive interview.
China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show
Chinese universities and research institutes recently obtained high-end Nvidia AI chips through resellers, despite the U.S. widening a ban last year.
Novartis lifts guidance after first-quarter results beat expectations
Swiss drugmaker Novartis on Tuesday raised its full-year guidance after reporting better-than-expected first-quarter results.
Renault first-quarter sales rise 1.8%, helped by financing business
Renault said its first-quarter revenue grew 1.8%, with good performance in its financing business offsetting a drop in turnover in core automotive sales.
Shares of Chinese bubble tea firm Chabaidao plunge nearly 40% in Hong Kong debut
The company saw its share price plunge to as low as HK$10.84, representing a fall of 38.05% from its IPO price of HK$17.50
Taiwan rattled by dozens of quakes, but no major damage
Taiwan’s quake-hit eastern county of Hualien was rattled by dozens of aftershocks, but only minor damage was reported and TSMC saw no impact on operations.
India’s high unemployment is a ‘ticking bomb,’ opposition says, as election battle with Modi’s BJP heats up
India’s youth make up 83% of the unemployed population, according to an ILO report, but government as well as ILO data shows a decline in joblessness in the past few years.
