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Iraq Bulletin

Month : October 2023

Business

Merck and Daiichi Sankyo forge $5.5 billion cancer drug alliance

iraqbulletin.co
Merck, a global pharmaceutical giant, has inked a partnership with Japanese firm Daiichi Sankyo, valuing at $5.5 billion, to co-develop three advanced cancer therapies. Depending on the success of these pioneering cell-targeted treatments, the agreement could garner up to $22 billion for Daiichi. This partnership triggered a significant positive response in......
Health

Pfizer’s COVID-19 medicine Paxlovid hits the market at a steep $1,400, sparking concerns

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Pharmaceutical giant Pfizer has announced its intention to charge $1,400 for a five-day course of its antiviral drug Paxlovid. This marks a significant increase from the $529 the US government previously paid for the same quantity of the drug during the pandemic. The Wall Street Journal reports that Pfizer communicated the new pricing in......
Business

Solaredge’s warning sends solar stocks spiraling downward

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Solar stocks took a significant hit on Friday as Solaredge, a prominent solar product manufacturer, indicated a sharp decline in European demand. This warning further dampened the sentiment surrounding the renewable energy sector, which has already been grappling with challenges throughout the year. The Invesco Solar ETF (TAN) faced a 6.57% decline on......
Business

Tesla stock faces setback after Elon Musk’s contentious conference call

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After releasing its Q3 financial results, Tesla’s stock took a significant hit, plummeting by nearly 10%. While the Q3 results did not meet market expectations, the stock remained stable initially, possibly buoyed by the much-anticipated Cybertruck delivery event announcement. However, the subsequent conference call with CEO Elon Musk led to a more negative market response. Several......
PR Newswire

Xiamen Airlines Successfully Launches a Maiden Flight from Beijing to Doha, the First China-Qatar Direct Flight by a Chinese Carrier

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BEIJING and DOHA, Qatar, Oct. 20, 2023 /PRNewswire/ — On October 20, a Boeing-787 of Xiamen Airlines departed from Beijing Daxing International Airport for Hamad International Airport in Doha, Qatar. It declared Xiamen Airlines’ successful maiden flight of regular flights between Beijing and Doha. Xiamen Airlines has become the first......
PR Newswire

Huawei’s iMaster NCE T-AUTO Unleashes the Business Potential of the WDM Network

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DUBAI, UAE, Oct. 20, 2023 /PRNewswire/ — During the 9th Ultra-Broadband Forum (UBBF 2023), Huawei introduced a range of technological advancements centered around their new value proposition, iMaster NCE T-AUTO, which is designed to fully unlock the business potential of the WDM network through enhanced intelligence and automation. T-AUTO is......
News

NASA’s InSight lander uncovers tectonic origins of major marsquake

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On May 4, 2022, a groundbreaking discovery was made when NASA’s InSight lander recorded the most potent marsquake to date. While the 4.7 magnitude quake might seem moderate by Earth’s standards, it is a significant event for Mars. Planetary scientist Ben Fernando from the University of Oxford in England stated, “Our analysis shows that......
ACCESS Newswire

U.S. Polo Assn. Wins Two Prestigious Gold Stevie(R) Awards in the 2023 International Business Awards(R) Held in Rome, Italy

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WEST PALM BEACH, FL and ROME, ITALY / ACCESSWIRE / October 19, 2023 / USPA Global Licensing Inc. (USPAGL) today announced that U.S. Polo Assn., the official brand of the United States Polo Association (USPA), has been awarded two Gold Stevie® Awards from the 20th Annual International Business Awards® (IBA).......