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Bayer boosts drug pipeline with Vividion buy, lifts outlook
By Christoph Steitz FRANKFURT (Reuters) -Bayer on Thursday boosted its drug pipeline with a $2 billion takeover and lifted its outlook for 2021 after sales of prescription medicines recovered from res...
Syndicated Content Aug 05, 2021
Adidas hikes outlook despite hit to China sales
BERLIN (Reuters) -German sportswear company Adidas raised its outlook for full-year sales and profitability as demand soared in most of the world but took a hit in China where Western brands faced a b...
Syndicated Content Aug 05, 2021
Bayer buys biopharma firm Vividion Therapeutics for up to $2 billion
FRANKFURT (Reuters) - Bayer on Thursday said it acquired U.S.-based biopharmaceuticals company Vividion Therapeutics for up to $2 billion to boost its ability to discover new treatments and lift the v...
Syndicated Content Aug 05, 2021
Vodafone Idea shares slump 24% as billionaire Birla exits
BENGALURU (Reuters) - Shares of India's Vodafone Idea tumbled as much as 24% on Thursday, a day after the troubled telecom operator's board accepted billionaire-industrialist Kumar Mangalam Birla's re...
Syndicated Content Aug 05, 2021
Merck KGaA raises outlook after forecast-beating Q2 profit
BERLIN (Reuters) - Merck KGaA raised its outlook after posting forecast-beating second quarter profits on Thursday, boosted by demand for its lab gear and supplies from pharma companies making treatme...
Syndicated Content Aug 05, 2021
Lufthansa narrows quarterly loss, returns to positive cash flow
FRANKFURT (Reuters) - Germany's Lufthansa said on Thursday it further narrowed its losses in the second quarter and recorded its first positive cash flow since the start of the coronavirus crisis, cit...
Syndicated Content Aug 05, 2021
Zalando lifts profit outlook as ecommerce boom continues
BERLIN (Reuters) -German online fashion retailer Zalando said on Thursday it expects 2021 operating profit to come in at the upper end of its forecast range as sales rose 34% in the second quarter des...
Syndicated Content Aug 05, 2021
Siemens raises profit guidance for third time after beating forecasts in latest quarter
ZURICH (Reuters) - Siemens became the latest industrial firm to report a post-pandemic surge in demand, prompting the German engineering and technology company on Thursday to raise its profit guidance...
Syndicated Content Aug 05, 2021
Charlie Watts drops out of Rolling Stones’ upcoming U.S. tour
(Reuters) - Rolling Stones' drummer Charlie Watts might not be a part of the band's upcoming U.S. tour, which was postponed to this year because of the pandemic, as he is recovering from a medical pro...
Syndicated Content Aug 05, 2021
Millers, bakers fret as drought withers North America’s spring wheat
By Rod Nickel and Karl Plume WINNIPEG, Manitoba/FARGO, N.D. (Reuters) - Millers and bakers are draining wheat reserves and paying more for spring wheat used in baking, as drought shrivels crops across...
Syndicated Content Aug 05, 2021

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