The EU wants to give European consumers access to more medicines, faster and at lower cost — and he fights with the pharmaceutical industry in the process. A draft plan to overhaul EU pharmaceutical laws – a copy of which was obtained by POLITICO — would see the European Commission take away the benefits currently … Read more
Luis Garicano is a former member of the European Parliament and is spending the academic year as a visiting professor of economics and strategy at Columbia Business School and the University of Chicago Booth School of Business. He is also a nonresident Scholar at Bruegel. Guy Verhofstadt is a Member of the European Parliament and … Read more
A vendor shows the limited edition launched by Emporio Armani to welcome the Year of the Tiger at a duty-free shop in Haikou, south China’s Hainan Province, Jan 15, 2022. Zhou Huim | Xinhua News Agency | Getty Images Shares of many luxury fashion houses that depend on Chinese consumers have rallied as China reopens, … Read more
BEIJING (AP) — The Chinese government on Tuesday accused Washington of pursuing “tech hegemony,” as the United States began to step up pressure on tech giant Huawei. by blocking access to US suppliers. The Biden Administration stopped approving license renewals for some US companies that sold key components to the Chinese company, according to two … Read more
CNBC Pro: What a tech fund manager expects from Apple and Alphabet’s earnings this week Microsoft released a disappointing earnings forecast last week, but its stock has since risen. What does this mean for other Big Tech companies that should report earnings? Technology fund manager Jeremy Gleeson, who manages the £1.1 billion ($1.5 billion) AXA … Read more
The International Monetary Fund (IMF) has slightly raised its outlook for global growth in 2023 due to “surprisingly resilient” demand in the United States and Europe and the reopening of the Chinese economy after Beijing abandoned its strategy. zero COVID strict. The IMF has said global growth will fall further to 2.9% in 2023 from … Read more
CNBC Pro: What a tech fund manager expects from Apple and Alphabet’s earnings this week Microsoft released a disappointing earnings forecast last week, but its stock has since risen. What does this mean for other Big Tech companies that should report earnings? Technology fund manager Jeremy Gleeson, who manages the £1.1 billion ($1.5 billion) AXA … Read more
My Top 10 Things to Watch Tuesday January 24 1. Big day of earnings for Club holdings as the Dow Jones Industrial Average, S&P 500 and Nasdaq appear to open lower after back-to-back gains. Three quarterly reports before the bell and Club holding Microsoft (MSFT) after the close. 2. Club holding Johnson & Johnson (JNJ): … Read more
The January market rally faces a major test in the coming week due to several major events, the most important of which could be the interest rate announcement and the Federal Reserve press conference. The Fed meeting on Tuesday and Wednesday comes amid a flood of corporate earnings reports, with about 20% of the S&P … Read more
Hyundai posts bumper fourth-quarter earnings hyundai motorcyclerecorded a net income of 1,710 trillion won ($1.4 billion) for the fourth quarter ending in December, marking a year-on-year increase of 143.8%. Despite the strong results, the reading was still shy of Refinitiv’s forecast of 2.5 trillion won in net profit. The figure also marks a growth of … Read more