Illumina names CEO Jacob Thaysen after Icahn proxy fight over Grail
A building on the campus at the world headquarters of Illumina is shown in San Diego, California, Sept. 1, 2021. Mike Blake | Reuters Illumina‘s board on Tuesday named Jacob Thaysen as the DNA sequencing company’s new CEO as it tries to rebound from a grinding dispute over its acquisition of cancer test developer Grail. […]
BOJ board member Takata pledges to keep easing, be ready to act flexibly
Bank of Japan policy board member Hajime Takata said Wednesday that the central bank needs to be ready to act flexibly, while also maintaining its stance of monetary easing. Takata said in a speech that he was finally seeing positive signs that will help the BOJ achieve its 2% inflation target, such as a shift […]
Taylor Swift Eras Tour concert film could open with $100 million
Taylor Swift performs onstage during her The Eras Tour at Lumen Field in Seattle, July 22, 2023. Mat Hayward/tas23 | Getty Images Entertainment | Getty Images Taylor Swift is already a superstar. Now, she’s about to put up superhero-style numbers at movie theaters. Days after the pop icon announced her Eras Tour concert film would […]
Zscaler stock falls as execs focus on ‘challenging’ environment after beat-and-raise earnings
Zscaler Inc.’s shares swung to a loss in the extended session Tuesday after the cybersecurity company’s strong quarter and outlook topped Wall Street’s expectations but executives said deals were taking longer to close in the current business environment. Zscaler shares ZS, +2.75% swung to a loss after hours about 10 minutes into prepared remarks from Chief […]
Women are fueling the box office in China, Hollywood should take note
Fans watch a movie at a cinema in Shanghai. Future Publishing | Future Publishing | Getty Images Women are fueling China’s box office despite making up a smaller share of the population — and Hollywood should take note. While women account for less than half the Chinese population, they represent 52% of monthly moviegoers, according […]
Women are fueling the box office in China, Hollywood should take note
Fans watch a movie at a cinema in Shanghai. Future Publishing | Future Publishing | Getty Images Women are fueling China’s box office despite making up a smaller share of the population — and Hollywood should take note. While women account for less than half the Chinese population, they represent 52% of monthly moviegoers, according […]
What it means for other pharma deals
Robert Galbraith | Reuters The Federal Trade Commission last week allowed Amgen to move forward with its $27.8 billion acquisition of Horizon Therapeutics under a settlement agreement – a move that could have ramifications for a string of other pharmaceutical industry buyouts. Some Wall Street analysts said the FTC’s decision to settle allows the sector […]
U.S. stocks lower after downbeat global economy news, rising oil prices
U.S. stocks were trading lower early Tuesday afternoon, with investors weighing the impact of more international oil supply cuts, weak economic data from China and Europe, and the first drop for U.S. factory orders in months. How stocks are trading The S&P 500 dropped 6 points, or 0.1%, to 4,509 The Dow Jones Industrial Average […]
Warner Bros Discovery expects big earnings hit amid strikes
Timothee Chalamet and Rebecca Ferguson star in Denis Villeneuve’s remake of “Dune.” Warner Bros. Warner Bros. Discovery is preparing investors for the effects of the writers’ and actors’ strikes if they continue through the end of this year. The company, in a Tuesday securities filing, said it adjusted its expectations, assuming the financial impact of […]
Treasury yields higher amid concern about stubborn inflationary pressures
U.S. bond yields rose on Tuesday as revived inflation angst trumped concerns about a slowing global economy. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y rose 3.7 basis points to 4.908%. The yield on the 10-year Treasury BX:TMUBMUSD10Y climbed 3.1 basis points to 4.216%. The yield on the 30-year Treasury BX:TMUBMUSD30Y rose 3.7 basis […]
