China sought to reassure foreign corporate chiefs of the country’s business potential when Vice Premier He Lifeng met with the heads of Apple , Pfizer, Mastercard, Cargill and others on Sunday. He also met with pharmaceutical firm Eli Lilly, medical device company Medtronic and specialty glass maker Corning, a commerce ministry statement said. “China will…
Premier Li Qiang said China is prepared for “shocks that exceed expectations” as the world braces for US President Donald Trump to announce more tariffs on its trading partners next month. Nations should open up markets in the face of growing economic fragmentation, he told a crowd of global business leaders and visiting Republican senator…
Looking For Yields: Pfizer, Spire, And TriCo Bancshares Are Consistent Moneymakers Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Pfizer, Spire, and TriCo Bancshares have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 3% to 6%. Pfizer…
Photo: BING-JHEN HONG (Getty Images) The escalating chip war between the U.S. and China, compounded by a series of retaliatory tariffs, is poised to have far-reaching consequences for the global AI industry. Major AI stocks in the U.S., including Nvidia (NVDA), Super Micro Computer (SMCI), and Advanced Micro Devices (AMD), continued to climb Wednesday. However,…
Graphic: Images: Christopher Furlong, Anna Moneymaker, Alfredo Astrella/AFP, Drew Angerer Elon Musk’s Department of Government Efficiency is here, and defense contractors can’t wait for the “revolution” to reach the Defense Department. So far, his focus has been on other areas, but they’re betting that Musk — himself a defense contractor through SpaceX — slashes a…
In This Story The Nasdaq and other major indices saw gains on Tuesday morning following a strong earnings report from Palantir. Meanwhile, investors are anticipating President Trump’s next move as China responded to Trump’s new tariffs by promising to implement its own import taxes starting next week. What DeepSeek’s AI breakthrough means for Meta, OpenAI,…
Hong Kong residents’ willingness in taking the latest Covid-19 vaccine is lower than in Singapore, but higher compared with other Asian markets, according to a new survey by US pharmaceutical giant Moderna, which called on vulnerable groups to get inoculated. Moderna found 52 per cent of Hong Kong respondents said they were willing to get…
By Anirban Sen NEW YORK (Reuters) – Pfizer (PFE) is exploring the sale of its hospital drugs unit, as the drugmaker, which has been under pressure from activist investor Starboard Value, looks to divest non-core assets, according to three people familiar with the matter. The unit, now called Pfizer Hospital, was formed after Pfizer bought…
Pfizer (PFE, Financials) announced plans to invest $1 billion in China over the next five years to enhance research and development of innovative drugs. Jean-Christophe Pointeau, president of Pfizer China, revealed the promise at the 7th China International Import Expo, which took place Nov. 5 at the National Convention and Exhibition Center in Shanghai. Pointeau…
In This Story This week promises to be exceptionally busy, with a blend of financial updates and festive celebrations. Investors are bracing for a flurry of major earnings reports, providing a crucial snapshot of how various sectors are navigating the current economic landscape. McDonald’s is facing its first lawsuit from the Quarter Pounder E. coli…