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UPDATE 1-FDA approves Biogen and Alkermes' multiple sclerosis drug

October 30, 2019 admin Comments Off on UPDATE 1-FDA approves Biogen and Alkermes' multiple sclerosis drug

The U.S. Food and Drug Administration approved Biogen Inc and partner Alkermes Plc’s oral drug to treat multiple sclerosis, the companies said on Wednesday. The approval is good news for Biogen as its top-selling drug Tecfidera, also a multiple sclerosis treatment, is facing patent challenges and increased competition from newer treatments such as Roche AG’s Ocrevus. The new drug, Vumerity, was approved to treat relapsing forms of multiple sclerosis, a disabling autoimmune disease that damages the central nervous system and can lead to fatigue, pain, vision loss and impaired coordination and motor skills. …read more […]

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Beyond Meat Sinks On End Of Lock-Up

October 30, 2019 admin Comments Off on Beyond Meat Sinks On End Of Lock-Up

Wall Street was generally bullish on Beyond Meat (BYND) after the alternative meat producer released news of a much bigger profit than expected, but analysts cautioned that the fundamentals may not matter right now despite the company’s once furious upward trajectory, as insiders may intervene. …read more […]

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Business News

Apple CEO’s handling of trade war has helped buoy shares, investors say

October 30, 2019 admin Comments Off on Apple CEO’s handling of trade war has helped buoy shares, investors say

When Apple Inc reports results on Wednesday, Wall Street expects flat fiscal fourth-quarter sales and lower full-year revenue compared with the prior year, mostly because of declining iPhone sales. Yet Apple’s stock price has hit all-time highs in recent weeks, as has its price-to-earnings valuation.

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UPDATE 1-Nokia hires 350 workers to speed up 5G development

October 30, 2019 admin Comments Off on UPDATE 1-Nokia hires 350 workers to speed up 5G development

Telecom network equipment maker Nokia has hired hundreds of engineers in Finland this year to speed up its 5G development, the company said on Wednesday. The Finnish company, rival to Sweden’s Ericsson and China’s Huawei, slashed its 2019 and 2020 profit outlook last week, saying profit would come under pressure as the company spends more to fend off rivals in the fast-growing 5G networks business. Nokia has recruited 350 staff in Finland this year, 240 in its mobile networks unit and many dedicated to developing SoC (system on chip) integrated circuits – a key element for its 5G …read more […]