Novo Nordisk, Europe’s most valuable company, is facing a slowdown in sales growth as its honeymoon phase with Ozempic and Wegovy comes to an end. The pharmaceutical giant beat analyst expectations by growing sales by 25% in 2024, but forecasts a slower growth rate of 16-24% in 2025 due to increased competition and supply constraints. … Read more
Ford Motor Co. has warned that its pretax profit may drop by $2 billion or more this year, citing lower vehicle prices, costly new-model launches, and potential tariffs under President Donald Trump. The second-largest US automaker now expects earnings before interest and taxes of no more than $8.5 billion in 2024, down from $10.2 billion … Read more
Google’s latest generation of artificial intelligence (AI) models, known as Gemini 2.0, has made significant strides in improving its performance, efficiency, and affordability. The company has announced the general release of Gemini 2.0 Flash, introduced Gemini 2.0 Flash-Lite, and rolled out an experimental version of Gemini 2.0 Pro. Gemini 2.0 Flash is designed for high-efficiency … Read more
Lung cancer cases among non-smokers have reached an alarming number, with the UK’s NHS reporting around 43,000 diagnoses every year. Historically, lung cancer was closely linked to smoking, but researchers have now identified air pollution as a major contributor to worldwide cases of lung cancer. According to a study published in The Lancet Respiratory Medicine … Read more
Uber Technologies reported stronger-than-expected earnings and sales in its latest quarter, with the company citing “acceleration” as a key theme. Despite beating analyst expectations for earnings and sales, Uber’s stock fell due to currency headwinds that pushed its guidance for bookings growth below forecasts. In a call with analysts on Wednesday, CEO Dara Khosrowshahi stated … Read more
The world of artificial intelligence has taken a dramatic turn as Chinese company DeepSeek has released AI models that rival those of OpenAI, the pioneer behind ChatGPT. This move has sent shockwaves through Silicon Valley, questioning the notion that US companies hold a secret recipe for building AI and require enormous resources to do so. … Read more
Uber’s shares have dropped due to a strong US dollar affecting its bookings outlook. The decline in foreign exchange rates reduces the value of revenue earned by the ride-hailing company from abroad. As a result, Uber’s earnings are impacted, causing investors to sell stocks, leading to a drop in share price. Source: https://www.ft.com/content/936767e2-1c6b-428f-b137-ad1b1809df81
A new study published in The Lancet found that a drug similar to Ozempic did not slow the progression of Parkinson’s disease. Researchers randomly assigned 194 patients with Parkinson’s to take exenatide, a type 2 diabetes treatment, for 96 weeks. Despite earlier hints of potential benefits, including laboratory and animal studies showing protection against neuron … Read more
Warhorse Studios’ medieval Europe action RPG sequel, Kingdom Come: Deliverance 2, has achieved a massive success just one day after its launch on February 4 across PC, PlayStation 5, and Xbox Series X/S. The game sold over one million copies, taking the top spot on Steam’s most-played games list. On Valve’s platform, the game reached … Read more
China’s film market experienced a record-breaking Lunar New Year, with total box office revenue reaching RMB9.51 billion ($1.31 billion) over the seven-day holiday period ending Feb. 4. This surpasses last year’s record of $1.09 billion and marks an all-time high for the period. Imax saw its most successful Lunar New Year yet, generating $53 million … Read more