Merck cuts key cancer drug price for China launch, Caixin reports

The offer of $20 per share for ArQule is more than double its closing price on Friday......»»

Just weeks after Apple slashed iPhone prices in India and China (with price cuts in other emerging markets still to come), Bloomberg reports that Apple has finalized a short-list of locations for its first retail store in the country......»»

Sales of Pfizer's blockbuster drug Ibrance zoomed higher but missed forecasts. Sales of Merck's cancer drug Keytruda catapulted higher, but overall revenue disappointed Wall Street. Fred Katayama reports......»»

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Merck said long-term data from its cancer drug Keytruda showed promise in treating advanced melanoma patients. Fred Katayama reports......»»

With smart cancer diagnostics, one-stop-shop diabetes kits and AI systems to improve ambulance pick-ups for patients with chest pain, AstraZeneca aims to move from simply supplying drugs to become a broad healthcare provider in China......»»

Tesla is cutting the price of its Model X and Model S cars in China, in a shift in strategy that will see it take more of a hit from tariffs linked to a biting trade war between China and the United States. Grace Lee reports......»»

Li Auto's price cuts range from 2.8% to 5.7%, according to CnEVPost. read more.....»»

Tesla's negative year-over-year volume growth in the first quarter and the ongoing EV market slowdown have prompted the company to take aggressive measures. read more.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Caribou Biosciences Inc. — one of the first companies to spin Nobel Prize-winning UC Berkeley professor Jennifer Doudna's CRISPR genome-editing technology out of her lab — inked a deal with drug giant AbbVie Inc. to help develop an off-the-shel.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

The streak of price cuts Tesla Inc (NASDAQ: TSLA) has been announcing for its Model 3 vehicles in China since late last year may soon come to an end. read more.....»»

The U.S. Food and Drug Administration has cut the number of mask mak.....»»

U.S. electric vehicle maker Tesla Inc said in Friday it has cut the starting price for China-made Model 3 sedans by 10% to qualify for subsidies in the world's biggest auto market......»»

Merck & Co Inc on Tuesday posted a 10.4% rise in first-quarter profit, helped by strong sales of cancer therapy Keytruda, but the drugmaker lowered its 2020 profit forecast due to uncertainty from the COVID-19 pandemic......»»

China cut its benchmark lending rate as expected on Monday to reduce borrowing costs for companies and prop up the coronavirus-hit economy. Ciara Lee reports.....»»

Schlumberger Ltd. (NYSE: SLB) reported lower revenue and an $8.5 billion charge for the first quarter of 2020, the last month of which was rocked by a historic oil price crash partly related to the COVID-19 coronavirus pandemic. The oil field se.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»