Under Armour coped with higher promotions in the quarter, which weighed on profit margins.
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Gilead Sciences defeats U.S. government lawsuit alleging HIV drug patent violations
The U.S. government had accused Gilead Science of violating patents for drugs used in the HIV prevention regimen PrEP.
Continue readingFisker cuts production guidance for Ocean EV after last-minute snags
CEO Henrik Fisker told CNBC that the company expects regulatory approval to begin deliveries of the Ocean in the U.S. before the end of May.
Continue readingThredUp to list on alternative stock exchange: ‘We’re here to make a difference,’ CEO says
ThredUp is listing on the Long Term Stock Exchange, which is designed to promote sustainable principles and a long-term focus among investors and businesses.
Continue readingNovavax surges 50% after company unveils job cuts, positive vaccine data
Novavax still reported bleak first-quarter earnings and revenue that missed Wall Street’s estimates.
Continue readingRyanair orders at least 150 of Boeing’s largest 737 Max planes
Boeing is planning to ramp up production of the best-selling planes to meet an increase in demand.
Continue readingNikola exits European joint venture to focus on hydrogen trucks in North America
Nikola produced 63 battery-electric trucks and delivered 31 to dealers in the quarter. Its dealers sold 33 trucks to end customers during the period.
Continue readingGM hires ex-Apple exec to lead new software unit
Software, specifically monetizing it, is a major focus for automakers such as GM, as it eyes recurring revenue opportunities.
Continue readingFox posts quarterly loss on Dominion settlement despite boost from Super Bowl, Tubi
Fox reported a $50 million net loss for the quarter due to costs related to its settlement with Dominion Voting.
Continue readingLucid posts widening losses as demand concerns linger, says it has enough cash to last into 2024
Luxury electric vehicle maker Lucid is still batting down demand concerns.
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