Merck Shares Hit After Guidance Falls Short, Gardasil Challenge
The drugmaker's guidance was affected by a pause in shipments of its top-selling vaccine to China from February through at least the middle of the year.
Okta to Cut 3% of Workforce to Reallocate Resources Toward Growth Priorities
The digital identity verification provider will recognize $11 million in restructuring charges during the fourth quarter, which will primarily be paid in the first quarter of fiscal 2026.
Novartis Sets High Bar in Pursuit of Obesity Deals, CEO Says
The Swiss pharmaceutical company has set a high bar for any potential obesity-treatment acquisition as it scans the market for deals to fill its drug pipeline and power sales growth into the 2030s, CEO Vas Narasimhan said in an interview.
PepsiCo Revenue Slips on Volume Drop for Frito-Lay, Quaker
PepsiCo recorded a higher quarterly profit despite a small drop in revenue as volumes in its main North American segments declined.
Estée Lauder to Cut Up to 7,000 Jobs
The cosmetics company has been struggling with weak demand, especially in Asia.
Fox Plans to Launch New Streaming Service by Year-End
The offering, which will include news and sports content, is the company's biggest foray yet into subscription streaming.
Pfizer Stock Rises on Fourth-Quarter Earnings Beat and Reaffirmed Guidance
CEO Albert Bourla says Pfizer has met the strategic goals it had set for itself in 2024, and that it was 'executing transformative changes.'
Archer Daniels Midland laying off up to 700 in face of uncertain profit
The company says 2025 guidance reflects "weaker" market view on biofuel and trade-policy turmoil.
PayPal posts an earnings beat, but another metric is weighing on its stock
PayPal's stock is down 6%, with an analyst noting that growth in branded-checkout volume seems to have trailed buy-side expectations.
Spotify Reports First Full-Year Profit
Price increases and cost discipline helped the audiostreaming giant pivot from heavy spending on growth to sustained profits.
(END) Dow Jones Newswires
February 04, 2025 11:00 ET (16:00 GMT)
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