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The European Commission has fined Teva Pharmaceuticals €462.6m (US$503m) for abusing its dominant market position by blocking competition to its multiple sclerosis drug, Copaxone. This case is the largest antitrust fine imposed on a pharmaceutical company in recent years, surpassing a €288m fine against Servier in 2014.  According to the commission, Teva misused the patent […]

Uber Technologies reported its third-quarter 2024 financial results on 31 October, showing a 20% year-over-year revenue increase to US$11.2bn, above analyst expectations of US$10.98bn. The company achieved a record operating profit of US$1.06bn, marking a significant step in its path to sustained profitability. Gross bookings grew by 16% to US$41bn, slightly below the anticipated US$41.3bn.

Apple released its fiscal fourth-quarter 2024 results on 31 October, marking a 6% year-over-year revenue increase to US$94.9bn, which slightly exceeded analyst expectations of US$94.4bn. The company reported diluted earnings per share of US$0.97, or US$1.64 when adjusted for a one-time tax charge, surpassing the expected US$1.60. A highlight of the results was the iPhone

Electro Optic Systems Holdings Limited (ASX:EOS) presented an optimistic third-quarter update for 2024, showcasing recent contract wins, strong cash inflow, and significant advancements in manufacturing. Based in Canberra, EOS operates primarily in defence, space, and communications, focusing on high-tech solutions for government and military clients globally. The company is known for its advanced weapon systems,

Talga Group Ltd (ASX:TLG) has announced that the Swedish Supreme Court has dismissed all requests to appeal the Environmental and Natura 2000 permit for its Nunasvaara South natural graphite mine, part of the Vittangi Anode Project in northern Sweden. Shares are trading 45.68 per cent higher at $0.59. Locksley Resources Limited (ASX:LKY) announced results from

INOVIQ (ASX:IIQ) highlighted progress in its diagnostic and therapeutic programs in its quarterly update for the period ending 30 September 2024. The company specialises in the early detection and treatment of cancer and neurodegenerative diseases. Its EXO-NET technology enables the capture and isolation of “exosomes”, which are are tiny extracellular vesicles released by cells that carry molecular

PointsBet Holdings (ASX:PBH), a Melbourne-based sports betting and iGaming company, has reported steady growth in Q1 FY25, driven by a balanced approach of market expansion and cost optimisation. PointsBet operates across Australia, the United States, and Canada, with a focus on digital, in-play sports betting that lets users place real-time bets during live events. The

Corporate Travel Management (ASX:CTD) shared strong progress in a market update released today ahead of the company’s Annual General Meeting.  The report indicates gains in the company’s primary markets and effective cost management strategies. The Brisbane-based company operates across Australia, New Zealand, North America, Asia and Europe, providing tailored travel management solutions for corporate clients.

The Australian Bureau of Statistics (ABS) released a range of economic updates today, highlighting shifts across building approvals, export prices, and retail spending for September 2024. In building approvals, the seasonally adjusted total for dwellings rose by 4.4% to 14,842 units in September. This uptick follows a 3.9% fall in August. Private sector house approvals