The companies said their pipeline includes six expected near-term product launches representing more than $15 billion in revenue potential.
Stock Markets News
Global stock markets fell on the first trading day of 2019 on deepening fears of a slowdown in the Chinese economy
Investors should be careful as the recent spike in market volatility is far from normal, according to the manager of the California State Teachers’ Retirement System
“The last few days have been abnormal volatility,” Christopher Ailman, chief investment officer at CalSTRS, told CNBC during a special aired Thursday night.
Investors sold Italian bonds and the euro on Friday, with Italy’s bond yield hitting four-year highs as the European Union called its draft budget an “unprecedented” breach of EU fiscal rules.
StockMarketNews.Today – Late on Thursday, the European Commission told Rome in a letter that planned government spending was too high and that its structural deficit would rise instead of fall, and that the country’s public debt would not fall in line with EU rules.
StockMarketNews.Today – Here are the top five things you need to know in financial markets on Monday, October 15:
StockMarketNews.Today – A report that tobacco giant Altria Group Inc. (MO) might be keen to buy a stake in marijuana firm Aphria Inc. (APH) has sparked conflicting views from analysts about the benefits of tobacco companies expanding their businesses.
Asia-Pacific equities rose on Thursday after declining in the previous session on the latest development in the US-China trade spat, while oil prices steadied following the biggest one-day tumble in more than two years.
What you need to know:
Asia equities recover from US-China trade spat fall.
Oil prices steady after tumble on Wednesday.
Turkish lira weakens to fresh record low.
Tiger Global, the $22bn US investment manager, has taken a stake of more than $1bn in SoftBank Group, saying the Japanese conglomerate’s share price is “meaningfully undervalued”
StockMarketNews.Today – Tiger Global takes more than $1bn stake in SoftBank.
Fund manager believes Japanese conglomerate is ‘meaningfully undervalued’
StockMarketNews.Today – Oil prices fell on Wednesday, with Brent dropping by more than $1 at one point, after U.S. President Donald Trump threatened to levy new trade tariffs on China.
Trump ratchets up trade tension.China leads broad sell-off as US prepares tariffs on a further $200bn in imports
What you need to know:
Escalation of trade war sours mood.
China-focused stocks lead broad sell-off; European bourses set to follow.
Pompeo hints at Iran oil sanction waivers.
StockMarketNews.Today – Here’s a preview of the top 3 things that could rock U.S. markets tomorrow.
Apple slices into Spotify’s lead in US music market. Iphone maker expected to have more US subscribers by end of the year
StockMarketNews.Today – Spotify’s lead over Apple’s music-streaming service in the US is narrowing, denting the air of invincibility around the recently floated pioneer.
While Spotify still holds a commanding lead globally, Apple’s faster growth rate in the world’s largest music market reflects its ability to push its services to owners of its devices, such as the iPhone.
Many banks plan to boost dividends after passing the Federal Reserve’s latest stringent round of stress tests.
StockMarketNews.Today – Bank stocks have underperformed the S&P 500 index this year and have struggled to stage any kind of a rebound after falling from their previous highs. Bullish investors say that disappointing performance will end soon. The KBW Nasdaq Bank Index is down 0.1% since the beginning of the year, while the S&P 500 is up 4.0%.
Xiaomi’s weak debut – Xiaomi Corp’s shares fell as much as 6 percent in their Hong Kong debut on concerns over the Chinese smartphone maker’s valuation, in an ominous sign for its technology sector.
The share performance of Xiaomi is a key test of investor sentiment for what is expected to be a packed initial public offering (IPO) calendar in the coming months. These include a $4 billion deal from online food delivery-to-ticketing services platform Meituan Dianping and an up to $10 billion IPO from China Tower, the world’s largest mobile tower operator.
Sterling steady after Brexit secretary resigns, FTSE set to rise. Stock markets buoyed by Wall Street gains
StockMarketNews.Today – What you need to know:
Sterling steady after Brexit secretary resigns; UK stocks set to rise.
European bourses also expected to climb after Asian stocks advance
Strong tone on Wall Street after US jobs data helps the mood.
Wider trend for a weaker dollar takes index tracking it to 3-week low.
StockMarketNews.Today – China is looking to overcome EU wariness and build a coalition against Washington at a summit in Beijing with European leaders on July 16-17, with Donald Tusk, president of the European Council, and EU Commission president Jean-Claude Juncker leading the visiting delegation.