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Spanish drugmaker Grifols swung to a first-quarter net profit of 21 million euros ($23 million) from a year-ago loss, and said on Tuesday it was on track to meet its 2024 outlook, including cutting debt. Grifols, which has been battling a plunge in its share price this year, said divestments and an increase in adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA), among other measures, will allow it to further reduce debt. Grifols is reviewing its strategic assets portfolio, but is not expecting any other asset sale this year besides its 20% stake in Shanghai RAAS, which will close in June, Grifols' executives said on an analyst call.
Meme stocks are shaking Wall Street once again. Ever since bands of smaller-pocketed and novice investors began taking stock prices of downtrodden companies to breathtaking heights three years ago, the potential for more flareups has been obvious. The biggest change from the initial supernova for GameStop's stock is how the experience of 2021 makes this all feel familiar.
Retail investor flows into GameStop and AMC are still a far cry from the 2021 meme stock craze.
Bumble's anti-celibacy ad campaign is causing backlash, with critics saying it's shaming women for their sexual choices. See the ads that are making people mad.
“Meet the Press” moderator Kristen Welker and her husband, John Hughes, are expecting their second child together in the coming weeks with the help of a surrogate.
The Biden administration is suggesting that additional tariffs could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes. President Joe Biden on Tuesday directed the office of the U.S. Trade Representative to impose a total tariff in excess of 102% on Chinese EVs, as well as directing new tariffs on other products including steel, aluminum, computer chips and solar cells.
Joe Biden told Yahoo Finance he thinks China will retaliate to sweeping new tariffs on Chinese imports, but he expects any trade conflict to be manageable.
Astronomers have discovered what they believe is the biggest known batch of planet-making ingredients swirling around a young star. The diameter of this colossal disk is roughly 3,300 times the distance between Earth and the sun, with enough gas and dust to form super-sized planets in far-flung orbits, the U.S. and German researchers reported this week. First spotted in 2016, the disk around a star 1,000 light-years away was not confirmed to be a hotbed for new, emerging planets until recent observations by telescopes in Hawaii.
Chinese e-commerce company Alibaba Group Holding on Tuesday posted a greater-than-expected decline in profit for the fourth quarter due to its equity investments, sending its stock price plunging in New York. Alibaba said this was primarily due to a lower market value of its equity investments. “This quarter’s results demonstrate that our strategies are working and we are returning to growth,” said Eddie Wu, Alibaba CEO, in an earnings call.
Voters in West Virginia, Maryland and Nebraska head to the polls for primaries Tuesday, while North Carolina holds primary runoffs. Here's what to watch for.
Google debuted a host of AI features for its Android and Workspace platforms during its Google I/O developer conference on Tuesday.
A UK bill banning the export of livestock for slaughter cleared parliament on Tuesday, with campaigners hailing it as a landmark moment for animal welfare.The Animal Welfare (Livestock Exports) Bill prohibits the export of cattle, goats, pigs and horses for slaughter, and fattening for slaughter.
Google is bringing some of the biggest changes to its search platform in years.
Google on Tuesday rolled out a retooled search engine that will frequently favor responses crafted by artificial intelligence over website links, a shift promising to quicken the quest for information while also potentially disrupting the flow of money-making internet traffic. The makeover announced at Google's annual developers conference will begin this week in the U.S. when hundreds of millions of people will start to periodically see conversational summaries generated by the company's AI technology at the top of the search engine's results page. The AI overviews are supposed to only crop up when Google's technology determines they will be the quickest and most effective way to satisfy a user's curiosity — a solution mostly likely to happen with complex subjects or when people are brainstorming, or planning.
The United States must move on from the "trauma" of two decades of war and step up counterterrorism efforts to face growing threats from Afghanistan and Pakistan, a study said Tuesday.The report called on the United States to be "less restrictive" on the use of force against threats in Afghanistan -- not a return to conventional war but pursuing military action against direct threats identified to the United States.
Biden allies say he would never consider cancel college speeches. From a pure optics standpoint, it would be a gift to the Trump campaign. But Biden has also long relished speaking at commencements
Google on Tuesday said it would introduce AI-generated answers to online queries made by users in the United States, in one of the biggest updates to its search engine in 25 years.The search engine's AI answers, generated by Google's Gemini AI technology, offer a paragraph or two of explanation with links to the online sources that supplied the information.
A German court on Tuesday convicted one of the country's most controversial far-right politicians, Bjoern Hoecke, of deliberately using a banned Nazi slogan at a rally.Hoecke was convicted of using the banned slogan at an election rally in Merseburg in the state of Saxony-Anhalt in the run-up to Germany's 2021 federal election.
U.S. government officials have temporarily relaxed strict guidelines on how public health laboratories and healthcare facilities handle, store and transport H5N1 bird flu samples, which are considered high-risk pathogens, in response to the recent spread of the virus to dairy cattle. The revised guidance, which has not been previously reported, came at the request of the Association of Public Health Laboratories (APHL), which represents state and local labs that monitor and detect public health threats, according to interviews and correspondence seen by Reuters. The H5N1 virus has been detected among dairy cattle in nine U.S. states since late March.
Jamilla Smith was last heard from on Dec. 2. She was in Aiken County with her ex-boyfriend, who was arrested Dec. 23 on kidnapping and murder charges
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