Moderna posts better-than-expected quarterly results as it looks to fall RSV vaccine launch

Moderna on Thursday reported a narrower-than-expected first-quarter loss as the COVID vaccine maker looks launch its second product in the U.S. later this year. 


 
Wegovy Sales More Than Double as Demand Soars

Novo Nordisk raised its full-year guidance to reflect better pricing in the U.S. and as global demand for its hit weight-loss and diabetes drugs continues to outstrip supply. 


 
BYD's First-Quarter Story Is in The Margins

BYD, the world's largest electric-vehicle maker, paid a price for aggressively cutting prices on its cars, grinding revenue growth to a four-year low in the first quarter. But the bigger story is in its margins. 


 
Universal Music Artists to Return to TikTok After New Licensing Deal

The deal comes after the companies failed to reach an agreement, prompting Universal to pull all of its artists' songs off TikTok at the beginning of February. 


 
Shell Launches $3.5 Billion Buyback

Shell's first-quarter adjusted earnings fell by less than expected, and the oil major kicked off a share buyback as it hurried to close the valuation gap to its U.S. rivals. 


 
Apple Earnings Day Is Here. It Could Be a Little Dicey.

This has been a rough year so far for investors. 


 
ArcelorMittal Cautious Despite Earnings Beat

ArcelorMittal reported better-than-expected earnings for the first quarter after volumes and prices improved, but cautioned that economic sentiment remained subdued with no signs customers were restocking on inventories. 


 
Standard Chartered Posts Higher Profit on Trading Gains

The London-based bank posted a rise in first-quarter net profit due to higher trading income despite lower earnings from lending. 


 
NIO Shares Jump After Strong Sales Amid EV Price War

The Chinese electric-vehicle maker's shares are on track for their largest one-day gain in more than two years. 


 
Microsoft to Invest $2.2 Billion in AI Infrastructure in Malaysia

The U.S. tech giant's investment over four years will build on previously announced plans to construct its first data center region in Malaysia, and mark its single biggest investment in the country.


(END) Dow Jones Newswires

05-02-24 0715ET