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Business

Caterpillar Reports a 10% Drop in Q1 Sales to $14.2B Amid Construction and Resources Sector Challenges

Caterpillar Inc. faces a 10% sales drop in Q1 2025, with $14.2B in revenues, attributed to construction and resources sectors' declines. Profits fell by 28%, yet the company alloca...

Business

Novartis AG Announces Groundbreaking $1.7 Billion Acquisition of Regulus Therapeutics Inc.

Novartis AG is set to acquire Regulus Therapeutics Inc. in a deal worth up to $1.7 billion, including an initial payment of $0.8 billion and potential future payments based on regu...

Business

Pakistan's Airspace Closure Turbulence Costs Indian Airlines Rs 307 Crore Monthly Amid Tensions

Indian airlines are facing an additional weekly operational expense of approximately Rs 77 crore due to Pakistan's airspace closure, with monthly costs potentially crossing Rs 307 ...

Business

Novartis Strikes a Landmark Deal to Acquire Regulus Therapeutics for Up to $1.7 Billion

Novartis AG has entered into an agreement to acquire Regulus Therapeutics Inc. in a deal worth up to $1.7 billion, aiming to bring innovative treatments to patients with ADPKD. The...

Business

DeepSeek Unveils Cutting-Edge Math AI Model Prover-V2-671B in Stealth Mode

DeepSeek quietly launched Prover-V2-671B, a new AI model with 671 billion parameters for solving math problems, on Hugging Face without any official announcement. This model upgrad...

Business

Stellantis Faces a 14% Revenue Drop in Q1 2025 Amid Tariff Uncertainties and Lower Shipments

Stellantis reports a 14% drop in Q1 2025 revenues to €35.8 billion, citing lower shipment volumes and tariff uncertainties. The company is adjusting production plans and sees early...

Business

TotalEnergies Faces a 33% Plunge in Net Income: A Deep Dive into Q1 2025 Financials

TotalEnergies SE reports a 33% year-on-year drop in net income to $3.85 billion in Q1 2025, with adjusted net income and EBITDA also declining. CEO Patrick Pouyanne comments on the...

Business

GSK Reports a 2% Increase in Q1 Sales to £7.5 Billion, Highlighting Strong Portfolio Performance

GSK plc announced a 2% increase in Q1 2023 sales to £6.95 billion, with a 55% surge in EPS and a 49% rise in operating profit. CEO Emma Walmsley emphasized the company's strong por...