Roche Holding AG said Tuesday that it will invest and codevelop a lung-cancer drug with U.S. company Blueprint Medicines Corp. The two companies will develop pralsetinib, a therapy for people with RET-altered nonsmall cell lung cancer, various types of thyroid cancer and other solid tumours. The...

Alstom SA said that it has closed the phase two contract of the Taipei metro expansion with Taiwanese engineering company CTCI Corp. The French train maker said the contract is valued at close to 424 million euros, with Alstom's share worth around 248 million euros. The contract was closed on...

Topic of the day Walgreens Boots Alliance Inc. said it plans to cut about 4,000 jobs in the U.K. and suspend stock buybacks as demand fell off in its international business during the drugstore chain's latest quarter. The pharmacy chain on Thursday said the coronavirus pandemic sliced out around...

Daimler AG said that its Mercedes-Benz brand had its best second-quarter car sales in China to date due to a recovery in demand. Quarterly car sales for the Mercedes-Benz brand in China rose 21.6% to 207,107 units, with a total of 346,067 in the first half of the year, the German premium car...

GlaxoSmithKline PLC said that it has formed a collaboration with Canadian biopharmaceutical company Medicago to develop a novel adjuvanted Covid-19 candidate vaccine. The pharmaceutical giant said that phase 1 clinical testing will start in the middle of July and that the companies hope to have...

The builders of the Atlantic Coast Pipeline are pulling the plug on the project as companies continue to meet mounting environmental opposition to new fossil-fuel conduits. Duke Energy Corp. and Dominion Energy Inc. said they were abandoning the proposed $8 billion pipeline - which aimed to...

Germany’s second-largest lender CommerzbankAG said that its chief executive and chairman have submitted their resignations, as the bank faces pressure from shareholder Cerberus Capital Management for a deep overhaul due to persistent poor performance. “Even if we made strategic progress, the...

Tesla Inc. (TSLA) shares rose 8% to close at a record $1,208.66 on Thursday, on the heels of better-than-expected second-quarter sales for the electric-car maker. It was the stock's third consecutive all-time high and fourth straight session in the black. Earlier Thursday, the company said that...

Researchers said an experimental coronavirus vaccine from Pfizer Inc. and partner BioNTech SE showed promising signs of working in an early-stage study. Healthy adult volunteers given the vaccine candidate had higher levels of antibodies four weeks after being vaccinated and seven days after...

Federal Reserve Chairman Jerome Powell told lawmakers Tuesday that the reopening of the U.S. economy and recent upturn in spending and hiring came sooner than central bank officials had expected. He also said the resumption of commercial activity entailing more close human contact carries risks,...