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Demand for lithium, a key component of batteries used in cell phones, electric vehicles and other consumer goods, is widely expected to spike by 2025. Albemarle also trimmed its 2019 net sales forecast range to $3.6 billion to $3.7 billion, from $3.65 billion to $3.85 billion. The company also reported preliminary third quarter adjusted profit of $1.53 per share hit by weakness in its lithium unit, which offset results from its bromine and catalysts units. …read more […]

Albemarle Corp, the world’s largest lithium producer, on Thursday cut its sales and profit forecasts for the year, hit by a continued slump in prices for the white metal, sending its shares down nearly 7% in extended trading. Demand for lithium, a key component of batteries used in cell phones, electric vehicles and other consumer goods, is widely expected to spike by 2025. Albemarle also trimmed its 2019 net sales forecast range to $3.6 billion to $3.7 billion, from $3.65 billion to $3.85 billion. …read more […]

The Federal Trade Commission staff reviewing Roche’s plan to buy U.S.-based gene therapy specialist Spark Therapeutics for $4.3 billion recommended that the deal be approved without requiring any asset sales, the Capitol Forum reported on Thursday. Basel-based Roche, the biggest maker of cancer drugs, said in February that it would buy the U.S. company, acquiring a portfolio that includes a blindness treatment that has U.S. and European approval and other projects for neurodegenerative disorders like Huntington’s disease. One of its projects is a gene therapy treatment for hemophilia. …read more […]

The game is a fresh take on the popular Modern Warfare sub series of the Call of Duty franchise that was initially launched in 2007 and has since become a rage among gamers. Michael Pachter, managing director at Wedbush Securities, estimates that the new game will sell 20 million units by the end of the year, while Doug Creutz at brokerage Cowen forecast unit sales of mid-20 million in the fourth quarter. A beta version of the game was released in September and has become the largest in the history of Call of Duty in terms of users, …read more […]

Oct 24 (Reuters) – “Call of Duty: Modern Warfare”, the reboot of the widely popular first-person shooter game, will launch on Friday and is set to become another billion-dollar hit for publisher Activision Blizzard Inc. The game is a fresh take on the popular Modern Warfare sub series of the Call of Duty franchise that was initially launched in 2007 and has since become a rage among gamers. Michael Pachter, managing director at Wedbush Securities, estimates that the new game will sell 20 million units by the end of the year, while Doug Creutz at brokerage Cowen forecast …read more […]