BeOne Medicines (NASDAQ:ONC) used an investor event at ASCO to outline what executives described as a new phase of growth beyond hematology, highlighting three solid tumor programs that the company said are moving toward registrational development. John Oyler, BeOne’s co-founder, chairman and chief
BeOne Medicines (NASDAQ:ONC) used an investor event at ASCO to outline what executives described as a new phase of growth beyond hematology, highlighting three solid tumor programs that the company said are moving toward registrational development. John Oyler, BeOne’s co-founder, chairman and chief
stevanovicigor Consumer packaged food giant General Mills ( GIS ) has entered into a definitive agreement to sell its Häagen-Dazs shop business in Mainland China to an investment consortium. The buying group includes Ningji, a prominent Chinese quick-service beverage operator that commands one of the nation's fastest-growing tea brands with a massive footprint of over 3,000 premium retail tea loca...
stevanovicigor Consumer packaged food giant General Mills ( GIS ) has entered into a definitive agreement to sell its Häagen-Dazs shop business in Mainland China to an investment consortium. The buying group includes Ningji, a prominent Chinese quick-service beverage operator that commands one of the nation's fastest-growing tea brands with a massive footprint of over 3,000 premium retail tea locations. The investor group will acquire the physical store locations and secure an exclusive license from General Mills to operate the Häagen-Dazs brand across both ice cream shops and the specialized gifting business within Mainland China. General Mills will maintain direct ownership and full control of the primary Häagen-Dazs retail consumer products and foodservice channels throughout China, continuing to distribute products through third-party supermarkets, convenience stores, and wholesale accounts. The financial details of the transaction have not been disclosed. The transaction supports General Mills' Accelerate strategy, focusing on brands and channels with strong profit growth. The deal is expected to officially close by the end of calendar year 2026, pending standard regulatory reviews and customary closing conditions. More on General Mills General Mills: Strong Dividend, Tough Questions General Mills Is Fighting A Difficult Battle General Mills: Reduced Valuation Fairly Discounts Risk (Rating Upgrade) These 10 large and mega-cap U.S. consumer staples firms rank among the market's most attractively valued stocks These 10 large-cap U.S. stocks rank among the market's cheapest names
LONDON — Futures data pointed to a positive open for European equities on Tuesday, as investors await key data on the economic impact of the U.S.-Iran war. At 6:30 a.m. in London (1:30 a.m. ET), regional Stoxx 50 futures were 0.6% higher. Futures tied to the FTSE 100 were up by 0.3%, while those tied to the French CAC 40 and Germany's DAX gained 0.1% and 0.5%, respectively. The pan-European Stoxx ...
LONDON — Futures data pointed to a positive open for European equities on Tuesday, as investors await key data on the economic impact of the U.S.-Iran war. At 6:30 a.m. in London (1:30 a.m. ET), regional Stoxx 50 futures were 0.6% higher. Futures tied to the FTSE 100 were up by 0.3%, while those tied to the French CAC 40 and Germany's DAX gained 0.1% and 0.5%, respectively. The pan-European Stoxx 600 fell to a one-week low on Monday as hopes for an end to the war in Iran were dampened. On Tuesday, investors are awaiting flash inflation data for the euro zone, due out at 10 a.m. U.K. time. The print will shed light on the impact the conflict in the Middle East — and the consequential surge in oil and gas prices — had on prices in May. Inflation in the euro zone jumped to 3% in April, up from 2.6% in March and well above the European Central Bank's 2% target. Europe is particularly vulnerable to energy shocks as a major net energy importer. Markets are currently pricing in a 94% chance of the ECB hiking its key interest rate by 25 basis points at its meeting later this month, according to LSEG data. On Monday, U.S. President Donald Trump told CNBC he did not care if peace talks with Iran had collapsed. "I really don't care. I couldn't care less," he said, adding that the long drawn-out negotiations had "started to get very boring." European investors are also monitoring developments in the Russia-Ukraine war, after Moscow launched a major air assault on cities across Ukraine early on Tuesday. Last week, NATO and EU officials condemned Russia after one of its drones accidentally struck an apartment building in Romania near the country's border with Ukraine. The EU is currently preparing its 21st package of sanctions against Moscow. Other data out of Europe on Tuesday includes balance of trade figures from Switzerland, Spanish unemployment and British mortgage lending figures. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted n...
Onfokus/iStock Unreleased via Getty Images NASA Administrator Jared Isaacman on Monday told CNBC that it will “take some serious time” to restore the launchpad damaged last week by a Blue Origin ( BORGN ) rocket explosion. Jeff Bezos’ Blue Origin was conducting a hot-fire test of its massive New Glenn rocket on Thursday at a Space Force launch facility in Cape Canaveral, Florida, when the rocket e...
Onfokus/iStock Unreleased via Getty Images NASA Administrator Jared Isaacman on Monday told CNBC that it will “take some serious time” to restore the launchpad damaged last week by a Blue Origin ( BORGN ) rocket explosion. Jeff Bezos’ Blue Origin was conducting a hot-fire test of its massive New Glenn rocket on Thursday at a Space Force launch facility in Cape Canaveral, Florida, when the rocket erupted into a fireball. Bezos confirmed that all Blue Origin personnel were safe following the incident, and pledged to rebuild, while calling it a “very rough day.” A 2028 timeframe is “within the realm” of a possible launchpad recovery, Isaacman said in an interview with CNBC’s Morgan Brennan at the CEO Council Summit. “We’re all getting organized generally around the idea that we certainly want to see Blue Origin be very successful,” Isaacman said. “So recovering, getting the pad recovered, providing subject matter expertise, root cause analysis for sure. Let’s figure out what’s broken, and then we got to keep moving forward.” Isaacman, Bezos and Blue Origin CEO Dave Limp toured the launchpad and addressed the space startup’s employees on Friday. Limp wrote in a Saturday post on X that Blue Origin has since regained some access to launchpad and developed a plan for rebuilding. NASA has several contracts with Blue Origin as part of the space agency’s Artemis program, an effort to return American astronauts to the Moon’s surface by 2028. It tapped Blue Origin to launch an uncrewed Blue Moon lander, known as MK1, atop New Glenn later this year. Getting the lander to the moon will require a rocket that can carry a significant amount of mass, Isaacman said. That will likely put NASA in “Falcon Heavy land,” he said, referring to the super heavy-lift rocket developed by Elon Musk’s SpaceX ( SPCX ). “In terms of heavy lift, you know, real heavy lift, you’ve got SpaceX and Blue Origin, and obviously one of them is down a pad right now,” Isaacman said. The incident also impacts Bl...
Russia attacked Ukraine overnight Tuesday, killing at least 11 people and trapping others, authorities said. Residential buildings and other civilian infrastructure were damaged in eight of Kyiv's districts. (Image credit: Efrem Lukatsky)
Russia attacked Ukraine overnight Tuesday, killing at least 11 people and trapping others, authorities said. Residential buildings and other civilian infrastructure were damaged in eight of Kyiv's districts. (Image credit: Efrem Lukatsky)