Month: January 2018

The Alzheimer’s disease (“AD”) area is in focus once again with Pfizer Inc. PFE saying that it will be dropping its plans to develop treatments for Alzheimer’s and Parkinson’s disease. According to news sources, Pfizer expects its decision to result in the elimination of 300 positions from the neuroscience discovery and early development programs. […]

ArcelorMittal MT has received confirmation from Commercial Court of Bordeauxin in relation to Exosun acquisition. Exosun designs, develops and markets steel solar trackers that entitle photovoltaic panels to follow the path of sun rays, and enhance the performance of ground-mounted solar farms. ArcelorMittal has already forayed in the solar energy market with its steel solar frames which are manufactured in Europe, China and Egypt, and its corrosion along with abrasion-resistant Magnelis steel […]

In line with its strategy to invest in newer revenue generating platforms, The Coca-Cola Co.’s KO affiliate in Chile and local bottlers of the brand entered into an agreement to buy Comercializadora Novaverde SA. The company specializes in juices, canned fruits and vegetables, mainly under the brand Guallarauco. […]

Dean Foods Company DF seems to be gaining momentum driven by its smart volume initiative; efforts to strengthen brands and diversify portfolio as well as progress on the comprehensive productivity program. The cumulative effect of these initiatives is clearly visible in the company’s stock performance, which has picked up significantly in recent months compared with a 45.6% decline recorded in the past year. Notably, the stock has gained 6.1% in the last three months, outperforming the industry ’s growth of 3.6% […]

Verizon Communications Inc. VZ recently enriched its portfolio of managed security detection and response services for enterprise customers with the acquisition of privately held Niddel Corp., a specialized provider of machine-learning-based automated threat hunting. […]

Envision Healthcare Corp. EVHC has disclosed the status of a number of initiatives undertaken for its long-term growth. These initiatives were taken to offset headwinds such as low patient volumes, increased leverage, high operating expense and a weak operating environment. […]

The U.S. Energy Department's inventory release showed that crude stockpiles recorded a higher-than-expected weekly draw to the lowest level since 2015 on strong refining demand. But the positive effect from the hefty crude inventory draw was partly offset by another build in gasoline and distillate supplies. […]

China’s Didi Chuxing first caught everyone’s attention when Apple AAPL made a billion dollar investment in the company. But the two companies have been pretty silent on that relationship ever since. Apple has at times expressed its interest in self-driving cars and recently, some of its engineers have opened up about breakthrough technology that can improve the design and appearance of the LiDAR-based camera system used in them […]

The biotech industry was on a comeback trail in 2017 after facing a number of challenges in 2016, including pricing pressure, rising competition, pipeline setbacks, slowdown in growth of mature products and generic competition for certain key drugs. Frequent FDA approvals, new product sales ramp up, R&D success and innovation, strong clinical study results and continued strength in some legacy products changed the scenario for the better in 2017. […]

The beginning of 2018 has been eventful for the remittance industry, which saw the termination of the mega merger between MoneyGram International Inc. MGI and Ant Financial Services Group, formerly known as Alipay, an affiliate company of the Chinese Alibaba Group Holding Ltd. BABA The deal met a dead end after it was shown a red flag by the Committee on Foreign Investment in the United States (“CFIUS”), which was concerned about the security of the personal data of U.S citizens, who are using MoneyGram’s services […]

Penumbra, Inc. PEN has recently made a major investment in the field of healthcare applications through virtual reality technology. […]

Campbell Soup Company ’s CPB performance has been dismal of late owing to volatile operating environment along with intense competition and strained margins. Consequently, the company delivered a negative surprise in recent quarters. […]

The manufacturing sector which accounts for about 12% of the U.S. economy drew the curtains on 2017 with a strong performance, going by the data provided by the Institute for Supply Management (“ISM”). This upbeat performance was driven by a surge in new orders growth, signaling strong economic momentum. […]