TSMC posts record Q3 profit on surging AI chip demand

TAIPEI: Taiwan Semiconductor Manufacturing Company (TSMC) reported a 39.1% jump in third-quarter profit on Thursday, setting a new record as robust demand for artificial intelligence chips continued to drive growth.…

NNR October 16, 2025

Wire

Stellantis to invest $13 billion to grow in the United States

AUBURN HILLS: Stellantis announced today plans to invest $13 billion over the next four years to grow its business in the critical United States market and to increase its domestic…

NNR October 14, 2025

Wire

Skycorp Solar Group to acquire 24% stake in Nanjing Cesun Power for $8.7 million

KARACHI: Skycorp Solar Group Limited (NASDAQ: PN), a manufacturer of solar cables and connectors, said Tuesday it has signed a definitive agreement to acquire a 24% equity interest in Nanjing…

Muhammad ALI October 14, 2025

Wire

EyePoint Pharmaceuticals announces $150 million public offering to fund retinal drug development

WATERTOWN: EyePoint Pharmaceuticals, Inc. announced Monday it has commenced an underwritten public offering of $150 million of its common stock. The biopharmaceutical company, which focuses on treatments for serious retinal…

NNR October 14, 2025

Wire

Hancock Whitney Q3 2025 profit rises 12% on higher revenue, cost management

GUFPORT: Hancock Whitney Corp (HWC.O) on Tuesday reported a 12% rise in third-quarter profit, driven by higher noninterest income and improved operational efficiency, even as deposits dipped. The Gulf Coast-based…

NNR October 14, 2025

Wire

Johnson & Johnson to spin off orthopedics unit named DePuy Synthes

NEW BRUNSWICK: Johnson & Johnson said Tuesday it plans to separate its orthopedics business into a standalone company named DePuy Synthes within the next 18 to 24 months, marking its…

NNR October 14, 2025

Wire

HCLTech raises sales guidance on AI demand; Quarterly revenue reach $3.6 billion

NEW YORK: HCLTech Ltd., India’s third-largest software services exporter, raised its full-year sales forecast after quarterly revenue from advanced artificial intelligence solutions crossed $100 million, signaling a new phase of…

NNR October 13, 2025

Wire

ABB and NVIDIA collaborate to develop next-generation AI data centers

ZURICH: Swiss technology leader ABB announced today it is accelerating the development of gigawatt-scale data centers in a collaboration with U.S. chipmaker NVIDIA, focusing on the advanced power solutions required for…

NNR October 13, 2025

Wire

Beyond Paris and Tokyo: Chinese tourists fuel a Middle East travel boom

Move over, Bali. Step aside, London. Chinese travelers are embarking on a new adventure, and their destination of choice is surprising the tourism world: the Middle East. Spurred by easier visa…

Javed Mirza October 11, 2025

Wire

AI Technology Group to acquire AVM Biotechnology

SEATTLE: AI Technology Group Inc. (OTCID: AIPG) said Friday it has filed an amended Form 10 with the U.S. Securities and Exchange Commission and signed a definitive agreement to acquire…

NNR October 11, 2025

Wire

Bristol Myers Squibb signs deal to acquire Orbital Therapeutics for $1.5 billion

NEW YORK: Bristol Myers Squibb (NYSE: BMY, BMS) and Orbital Therapeutics have entered into a definitive agreement in which BMS will acquire Orbital, a privately held biotech firm at the…

NNR October 11, 2025

Wire

Novo Nordisk to buy Akero for up to $5.2 billion

COPENHAGEN: Danish drugmaker Novo Nordisk will acquire U.S.-based Akero Therapeutics (AKRO.O) for up to $5.2 billion, gaining a promising liver disease treatment in the first major deal by its new chief…

NNR October 9, 2025