The Chinese company will receive $200 million upfront and will be eligible to earn up to $1.77 billion in milestone payments and royalties on net sales of the drug, if approved.
The company’s planned $40 billion to $42 billion investment aims to modernize aging systems and ensure "safe, clean, reliable, and affordable" water services.
The company reported earnings of $0.22 per share compared with a loss of $0.26 per share in the corresponding period of 2023, owing to the launch of its lead product, DefenCath.
The agreement will make Affirm’s solutions available to J.P. Morgan Payments’ network of merchants and enable U.S. merchants using its Commerce Platform to offer the buy-now-pay-later provider’s flexible and transparent plans at checkout.
Honeywell named David Sewell President and CEO of the Advanced Materials business, effective immediately, and Tina Pierce as CFO, effective May 1, 2025.
According to European Automobile Manufacturers Association data, Tesla registrations dropped 40% in February and 42.6% year-to-date compared to corresponding periods last year.
According to a Bloomberg report, Nvidia, Oracle, and other industry leaders have been lobbying the Trump administration to roll back the AI diffusion rule entirely.
Upon completion of the transaction, Dun & Bradstreet will become a privately held company, and its common stock will no longer be listed in any public market.
Bank of America highlighted that billion-dollar weather events now average 23 per year, or nearly twice as many as in the 2010s, and key states like Texas, Florida, and California remain under-penetrated with backup power.
As per JATO Dynamics data, Tesla’s market share in Europe fell to 9.6% in February, the lowest figure recorded during the month over the last five years.
