Sanofi's sale of a controlling stake in its Opella unit to US buyout firm Clayton Dubilier & Rice for €16 billion has concluded a year-long takeover battle marked by intense rivalry. The French drugmaker faced fierce opposition from Paris-based PAI Partners, which attempted to disrupt the deal, leading to public disputes and political tensions.
Entrepreneur Rachel Delacour discusses the implications of a new European Union law on corporate social and environmental risk reporting, highlighting its potential impact on British businesses. In her conversation with Allegra Stratton, they explore the sustainability agenda and the challenges companies face in managing regulatory and reputational risks.
A start-up backed by Google and Amazon has developed an AI tool that acts as a 'human collaborator' capable of controlling users' computers. In other news, Boeing machinists have rejected the company's latest offer amid an ongoing stand-off, while the US has finalized 'open banking' rules aimed at increasing market competition. Additionally, Deutsche Bank has reported a record profit for the third quarter.
Tesla is set to launch more affordable electric car models in the first half of 2025, utilizing a mix of new and existing platforms. While the company aims to reduce production costs, expectations for a $25,000 model have been tempered, with a potential starting price around $30,000. This move comes as Tesla acknowledges slower-than-expected demand for its current models, necessitating new offerings to fully utilize production capacity.
Stéphane Rossini, head of the Federal Social Insurance Office, resigned following significant miscalculations in AHV forecasts that undermined trust in management. Despite the errors being known internally for months, the responsible Federal Councillor was only informed late, leading to public outrage and calls for accountability. Rossini will remain in his position until June 2025, reflecting a culture of prolonged transitions and limited transparency in Swiss governance.
Tesla reported strong Q3 results with record vehicle deliveries and significant revenue from regulatory credits, totaling $739 million. This income stems from other automakers failing to meet emissions targets, highlighting their ongoing struggles in the EV market. Despite a decline from the previous quarter, the reliance on Tesla's credits underscores the challenges legacy automakers face in transitioning to electric vehicles.
Mahindra Finance reported weak profitability in Q2 FY25, with net profit declining sharply due to subdued disbursements and high credit costs. Despite stable margins from an improved product mix, the outlook for loan growth remains muted, particularly in the tractors and CV segments. The medium-term outlook is more favorable, driven by potential triggers from protectionist measures in the tyre industry.
BCL Industries shares gained traction following a 17% increase in their ethanol supply allocation to Oil Marketing Companies (OMCs) for the current fiscal year. The new quota stands at 18.25 crore litres, up from 16.94 crore litres, which is anticipated to boost the company's revenue. The stock was trading at Rs 56.93 per share, reflecting a slight decline of 0.73%, despite a 3.61% rise earlier in October.
First Student has launched an electric bus demonstration project in Brooklyn, featuring 12 solar-equipped buses that serve as mobile energy storage units. The initiative utilizes the First Charge system, which reduces charging station costs by up to 50% and supports bidirectional charging to manage energy demands. This project aims to replace diesel buses and contribute to community energy needs, with plans for expansion across the U.S.
Microsoft's earnings reports significantly influence its share prices, with key focus areas including cloud services growth, AI development, and gaming performance. Following Q2 2023, the stock fell by 3.8% in one day, while Q1 2023 saw an 8% gain, highlighting volatility and investor sentiment. Over a month, the stock dropped 8.1% post-Q2, contrasting with a 15% rise after Q1, indicating varying investor confidence based on earnings performance.
IG
05:51 24.10.2024
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings