Eisai Co.’s breakthrough Alzheimer’s disease drug Leqembi gained full approval in the US. Yet, testing requirements and side effect warnings that may limit its use sent the company’s shares sliding.
Levi Strauss & Co. fell the most in three months after lowering its guidance for the full year, citing weakness in its US wholesale business and increasingly price-sensitive shoppers.
Air France-KLM said it may be forced to adjust operations after the Dutch government won permission to curtail capacity at Amsterdam Schiphol, the main airport for the KLM subsidiary.
US job gains moderated in June while wage growth remained firm, showing a strong enough labor market to keep the Federal Reserve on track to raise interest rates this month.
US Treasury Secretary Janet Yellen said competition between the world’s biggest economies is not a “winner-take-all” situation, and called for both sides to manage their rivalry with a fair set of rules.
Reliance Industries Ltd. said its retail unit will buy back shares trading in the gray market and given to employees as stock options as the oil-to-telecom conglomerate mulls listing the holding company of Reliance Retail Ltd.
Omega, the Swiss watch brand known for its Speedmaster and Seamaster models, raised prices by as much as 8% in a move that could hurt sales, according to investment bank Morgan Stanley.
A digital version of the British pound may feature a way to verify the holder’s age and citizenship status, potentially smoothing the purchase of alcohol and tobacco and transactions with government agencies.
BuyBuy Baby’s stores will shut down after the baby brand — once cast as Bed Bath & Beyond Inc.’s prized asset — garnered no adequate going-concern bids in a bankruptcy auction, according to court papers.
Asset managers have launched a coordinated appeal to get the European Union to rework planned ESG reporting rules, as investors worry the current proposal doesn’t give them the data they need to make informed decisions and avoid greenwashing.
