Pharma giant GSK plunges 9% after U.S. court allows scientific testimony in Zantac lawsuits
The Delaware State Court ruled that expert witnesses can present scientific evidence in the roughly 75,000 cases relating to the discontinued heartburn drug.
Australia orders Chinese investors to sell down stake in rare earths miner
Australia ordered several China-linked investors to dispose of shares in rare earths miner Northern Minerals on national interest grounds, a spokesperson said.
$9.2 billion fintech Navan appoints ex-NYSE exec as CFO ahead of anticipated IPO
Amy Butte, who was the New York Stock Exchange’s CFO between 2004 and 2006, will join Navan as its new CFO in June.
Turkey’s inflation passes 75% in what economists believe is peak
Inflation in Turkey topped 75% in May in what economists expect to be the peak before prices start to ease.
Atos falls 14% as embattled French IT firms weighs rescue deals set to result in ‘massive dilution’
Shares in the struggling French IT firm Atos tumbled on Monday as the company said it would pick between two rescue deal options this week.
Airlines headed for record revenue in 2024 as travel soars, but profit margins remain thin
While revenues and profits are enjoying tailwinds, expenses are also soaring, the IATA reported.
Digital bank Monzo posts first full year of profit after more than doubling revenue
Monzo, the British digital challenger bank, on Monday reported its first full year of profitability.
AMD announces new AI chips amid intensifying competition with Nvidia, Intel
AMD on Monday announced new artificial intelligence chips as it seeks to establish itself as a leader amid competition with the likes of Nvidia and Intel.
India stocks hit record highs after exit polls predict a decisive Modi election win; Adani surges
Stock gauges in India hit intraday record highs, with the Nifty 50 index rising about 3% and the S&P BSE Sensex Total Return index last up about 2.6%.
CNBC Daily Open: Nvidia’s new chip, GameStop soars
Indian Prime Minister Narendra Modi appears set to win a third term, while South Africa’s ruling African National Congress lost its 30-year parliamentary majority.
