Author: i2wtc
Thomas Fuller | Lightrocket | Getty ImagesSpotify shares dropped about 4% Tuesday after the music streaming platform fell short of Wall Street’s expectations and posted weak guidance for the current quarter.Here’s how the company did versus LSEG estimates:Loss: Loss of .42 euros vs earnings of 1.90 euros per share expectedRevenue: 4.19 billion euros vs. 4.26 billion expectedThe Sweden-based music platform’s revenues rose 10% from about 3.81 billion euros in the year-ago period. The company posted a net loss of 86 million euros, or a loss of .42 euros per share, down from net income of 225 million euros, or 1.10…
Merck & Co. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Tuesday, April 8, 2025. Michael Nagle | Bloomberg | Getty ImagesMerck on Tuesday said it will slash $3 billion in costs by the end of 2027 to be fully reinvested to support new product launches and its drug pipeline. The multi-year effort comes as Merck prepares to offset revenue losses from the upcoming patent expiration of its blockbuster cancer drug Keytruda in 2028. It also comes as drugmakers brace for President Donald Trump’s planned tariffs on pharmaceuticals imported into the U.S., which…
This photo taken on April 18, 2025 shows the venue of the 137th edition of the China Import and Export Fair in Guangzhou, south China’s Guangdong Province. (Xinhua/Deng Hua)GUANGZHOU, July 29 (Xinhua) — With scorching temperatures gripping much of the northern hemisphere, demand for cooling appliances such as air conditioners, refrigerators, and fans has soared across Europe.This surge is being felt thousands of miles away in Shunde District of Foshan City, south China’s Guangdong Province, often dubbed the “home appliance capital of China.” In the first half of this year alone, Shunde saw a significant rise in exports of home…
ISLAMABAD: Information and Broadcasting Minister Attaullah Tarar, reaffirming diplomatic and legal support to Aafia Siddiqui, on Monday said the remarks of Deputy Prime Minister and Foreign Minister Ishaq Dar about her were taken out of context. The government has been continuously providing diplomatic and legal support in Aafia Siddiqui case, the minister said, while talking to the media after attending a book launching ceremony at the National Language Promotion Department in Islamabad. A committee, headed by the law minister, has also been formed to facilitate progress on the matter, the minister added. Tarar noted that the incumbent government is making…
UnitedHealthcare signage is displayed on an office building in Phoenix, Arizona, on July 19, 2023.Patrick T. Fallon | Afp | Getty ImagesUnitedHealth Group on Tuesday issued a 2025 outlook that fell short of Wall Street’s expectations, as the company’s insurance unit continues to grapple with higher medical costs.Shares of UnitedHealth Group fell more than 3% in premarket trading on Tuesday. The company anticipates it will post 2025 adjusted earnings of at least $16 per share, with revenue of $445.5 billion to $448 billion. Wall Street analysts had expected 2025 adjusted profit of $20.91 per share, and full-year revenue of $449.16…
ISLAMABAD: Former chief justice of Pakistan (CJP) Jawwad S Khawaja has filed a petition in the Supreme Court, seeking initiation of contempt proceedings against Prime Minister Shehbaz Sharif for not implementing an SC constitutional bench’s (CB) order in the May 9 rioters’ military trial case. A full CB of the apex court on May 7 accepted appeals against the Supreme Court’s October 2023 order, setting aside the trial of over 100 May 9 rioters by military authorities. However, in the majority order, the CB, sensitized “the need of legislative changes”, compliant to the requirements laid down under the International Covenant…
Vehicles transporting people who had fled southern Lebanon are slowed down by heavy traffic on the outbound road from Beirut, in the area of Khaldeh on November 28, 2024, a day after a cease fire between Israel and Hezbollah took hold. Ibrahim Amro | Afp | Getty ImagesUp until a few months ago, the drive from Beirut’s international airport through the Lebanese capital city’s southern suburbs used to feature a stream of pro-Iranian and Hezbollah-themed propaganda. Hassan Nasrallah, the charismatic former leader of the Iran-backed group who was killed in Beirut last year, stared down at you from billboards while you drove…
A general view of the Chinese delegation’s launch ceremony for the upcoming 2025 Chengdu World Games in Beijing, China, July 29, 2025. (Xinhua/Song Yanhua)BEIJING, July 29 (Xinhua) — China on Tuesday unveiled a 489-member delegation, including 321 athletes, for the upcoming 2025 Chengdu World Games.The team will compete in 152 events across 28 sports, marking China’s largest participation in the history of the Games. This year also marks the first inclusion of para-athletes in the delegation.As the highest-level international multi-sport event outside the Olympic Games, the 12th edition of the World Games will be held in Chengdu from August 7…
ISLAMABAD: President Asif Zardari and Prime Minister Shehbaz Sharif have called for concerted efforts to contain the hepatitis epidemic and urged all stakeholders to join hands in a unified response to this growing threat to public health. In their separate messages on ‘World Hepatitis Day’ being observed on Monday, they said that Pakistan joined the international community in reaffirming the commitment to eliminate hepatitis and protect the health of the people. ‘World Hepatitis Day’ is observed to raise awareness about the dangers of disease and to promote collective action to prevent and control it. They noted that Pakistani healthcare professionals,…
The Rebel-Quad is the second-generation product from Rebellions and is made up of four Rebel AI chips. Rebellions, a South Korean firm, is looking to rival companies like Nvidia in AI chips.RebellionsSouth Korean artificial intelligence chip startup Rebellions has raised money from tech giant Samsung and is targeting a funding round of up to $200 million ahead of a public listing, the company’s management told CNBC on Tuesday.Last year, Rebellions merged with another startup in South Korea called Sapeon, creating a firm that is being positioned as one of the country’s promising rivals to Nvidia.Rebellions is currently raising money and…