Johnson & Johnson on Thursday said it would acquire privately held Proteologix for $850 million in cash, with potential for an additional milestone payment.
Apparel maker Under Armour forecast its annual revenue and profit below analysts’ expectations on Thursday, a sign of soft demand for its sportswear in the U.S. as consumers cut back on discretionary spending in the face of sticky inflation.
Japan’s Honda Motor pledged to double its electrification and software investment to about $65 billion over the 10 years running through the 2030 business year, it said on Thursday.
Lufthansa has offered to keep some competing ITA short-haul routes in an effort to secure EU antitrust approval for its bid for a stake in the Italian airline, people with direct knowledge of the matter said on Thursday.
U.S. retail giant Walmart raised its full-year forecast and reported better-than-expected first-quarter results on Thursday, betting on easing inflation to further boost demand for essentials and bring a rebound in sales of discretionary products like apparel and electronics.
Retail darlings GameStop and AMC continued their slide into premarket trading on Thursday, as the euphoria over the return of “Roaring Kitty”, who was the central figure in 2021 meme stock rally, fizzles out.
High energy costs, weak global demand, a disruptive shift towards net-zero economies, and growing competition from China are raising existential questions for Germany’s economic model.
The digitalisation and entry of Big Tech into finance create new vulnerabilities and amplify existing risks in the banking system that may need new rules to mitigate, global banking regulators said in a report on Thursday.
