Pfizer beats earnings estimates, hikes full-year outlook as drugmaker cuts costs
The results come as Pfizer scrambles to stabilize its business and win back Wall Street’s favor following the rapid decline in demand for its Covid products.
Air New Zealand becomes first major airline to scrap its 2030 climate goal
Air New Zealand on Tuesday dropped its 2030 climate goal, citing delivery delays of fuel-efficient aircraft and the affordability of alternative jet fuels.
Merck shares fall 9% despite earnings beat, strong demand for top drugs like Keytruda
The drugmaker raised its full-year sales forecast to $63.4 billion to $64.4 billion on increased demand for key products, particularly oncology treatments.
Euro zone’s economy grew 0.3% in second quarter, above expectations despite German contraction
The euro zone’s economy grew by more than expected in the second quarter of 2024, flash figures from the European Union’s statistics office showed Tuesday.
Johnnie Walker-maker Diageo plunges 5% on full-year sales decline, but Guinness a bright spot
Shares of spirits giant Diageo tumbled on Tuesday morning, after the Johnnie Walker-maker posted its first sales decline since the start of the pandemic.
Protests erupt in Venezuela after Maduro claims victory in disputed election result
Thousands of protesters took to the streets of Caracas on Monday to repudiate Maduro’s claim of clinching a third six-year term in power.
Japan’s Nomura triples profit in first quarter as end of deflation spurs wealth management
Nomura Holdings reported a 195% jump in first-quarter profit amid a rally in global markets and return of domestic inflation.
Landslides caused by heavy rains kill 49 and bury many others in southern India
Authorities mobilized helicopters to help with rescue efforts and Indian army was roped in to build a temporary bridge after landslides destroyed a main bridge that linked the affected area.
StanChart unveils $1.5 billion share buyback, boosts income guidance
StanChart’s statutory pre-tax profit for the first half climbed 5% to $3.49 billion, just ahead of a consensus estimate compiled by the bank.
CNBC Daily Open: Asian shares slide, U.S. stocks flat ahead of Big Tech earnings; McDonald’s earnings miss
The S&P 500 and the Nasdaq Composite inched higher on Monday ahead of a busy week for Big Tech earnings.
