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Estee Lauder reaches $210 million settlement over China sales practices
By Jonathan Stempel NEW YORK, May 7 (Reuters) - Estee Lauder EL.N has reached a $210 million settlement of a lawsuit accusing the cosmetic giant of defrauding shareholders by concealing its overdependence on improper gray-market sales in China.A preliminary all-cash settlement of the proposed cla...Reuters
Thu, May 7
Definium Therapeutics Q1 net loss widens on higher R&D costs
OverviewUS biopharma firm posted wider Q1 net loss as R&D and admin expenses increasedCompany ended Q1 with $373.4 mln in cash, seen funding operations into 2028Definium completed enrollment in key Phase 3 trials and plans PTSD study in 2027OutlookDefinium expects topline data from three Phase 3...Reuters
Thu, May 7
Canada's Xenon reports Q1 net loss slightly better than expected
OverviewCanada neuroscience drug developer's Q1 net loss and EPS slightly beat analyst expectationsQ1 revenue fell to zero from $7.5 mln last yr due to lower collaboration revenueCompany reported positive Phase 3 data for azetukalner, NDA submission expected Q3 2026OutlookXenon expects to submit...Reuters
Thu, May 7
Gilead Sciences posts rise in Q1 revenue, cuts FY EPS outlook
OverviewBiopharmaceutical company's Q1 revenue rose 4% yr/yr, driven by HIV and new product salesQ1 non-GAAP diluted EPS rose to $2.03 from $1.81 a year earlierCompany raised full-year revenue guidance but cut EPS outlook due to acquisition chargesOutlookGilead raises 2026 product sales guidance...Reuters
Thu, May 7
Voyager Therapeutics Q1 revenue declines, net loss narrows; first patient dosing set for H2 2026
OverviewUS biotechnology firm's Q1 collaboration revenue fell yr/yr as partnerships matured beyond researchNet loss for Q1 narrowed yr/yr, reflecting cost-cutting and efficiency initiativesCompany ended Q1 with $172 mln cash, projecting runway into 2028OutlookCompany expects first-in-human dosin...Reuters
Thu, May 7
Assembly Biosciences Q1 revenue falls, net loss widens
OverviewUS biotech firm's Q1 revenue from Gilead collaboration declined yr/yr due to timing of activitiesQ1 net loss widened slightly, with higher share count impacting per-share lossCompany completed Phase 1b studies for herpes and hepatitis delta virus candidatesOutlookCompany expects to decid...Reuters
Thu, May 7
Canada's WELL Health Q1 revenue rises on acquisitions
OverviewCanada digital healthcare provider's Q1 revenue grew 25% yr/yr, driven by organic growth and acquisitionsQ1 adjusted EBITDA rose 56% yr/yr, with margin improving to 12%Company reaffirmed 2026 guidance for revenue and adjusted EBITDAOutlookWELL Health reaffirms 2026 revenue guidance of C$...Reuters
Thu, May 7
Mercado Libre sees Q1 profit dip despite revenue surge
MEXICO CITY, May 7 (Reuters) - Mercado Libre MELI.O on Thursday posted a first quarter net profit of $417 million, a 15.6% drop compared to a year earlier and below analyst expectations as the Latin American e-commerce and fintech company poured money into logistics, credit expansion and free shippi...Reuters
Thu, May 7
Arcturus Therapeutics Q1 revenue drops sharply, net loss widens
OverviewmRNA therapeutics developer's Q1 revenue fell sharply yr/yr as collaboration revenue declinedNet loss widened in Q1 compared to prior yearOperating expenses declined, mainly due to lower LUNAR-COVID program costsOutlookCompany says cash runway extends beyond Q2 2028Arcturus plans End of ...Reuters
Thu, May 7
Rocket Pharmaceuticals Q1 net loss narrows on lower expenses
OverviewUS gene therapy developer's Q1 net loss narrowed yr/yr, reflecting lower R&D and G&A expensesCompany monetized Rare Pediatric Disease Priority Review Voucher for $180 mln, extending cash runwayOutlookCompany expects cash resources to fund operations into Q2 2028Rocket anticipates...Reuters
Thu, May 7
Corsair Gaming Q1 revenue slightly beats analyst estimates
OverviewUS gaming hardware maker's Q1 revenue slightly beat analyst expectationsAdjusted EPS for Q1 beat consensus, driven by margin expansion and cost disciplineCompany repurchased $5 mln in shares under its buyback programOutlookCorsair sees Q2 net revenue between $295 mln and $320 mlnCompany ...Reuters
Thu, May 7
Auto groups urges Trump to extend trade deal with Mexico, Canada
WASHINGTON, May 7 (Reuters) - Major auto trade groups on Thursday urged the Trump administration to extend a free trade deal with both Mexico and Canada, saying it was crucial for U.S. vehicle production as North America faces competition from Asia and Europe.The seven groups representing automakers...Reuters
Thu, May 7
Airbnb flags Middle East war impact on second-quarter growth
By Doyinsola Oladipo and Aishwarya JainMay 7 (Reuters) - Vacation rental company Airbnb ABNB.O on Thursday said it expects growth in nights booked during the second quarter to decelerate compared with the prior three months, hurt by travel disruptions in the Middle East. Travel demand in the region ...Reuters
Thu, May 7
Gen Digital forecasts annual results above estimates on strong cybersecurity demand
By Zaheer KachwalaMay 7 (Reuters) - Antivirus software provider Gen Digital GEN.O forecast fiscal 2027 revenue and profit above Wall Street expectations on Thursday, betting on strong demand as consumers spend extra to protect their online activity. The threat of artificial intelligence-driven h...Reuters
Thu, May 7
Lyft signals strong bookings after winter storms dent first-quarter rides
Q1 rides missed estimates due to winter storms in the U.S. NortheastLyft expands internationally via acquisitions, including Gett UK and FreeNowPartnerships drove 27% of North American rides, a record highBy Akash Sriram May 7 (Reuters) - Lyft LYFT.O forecast second-quarter gross bookings and adj...Reuters
Thu, May 7
Gilead raises 2026 sales forecast, cuts profit outlook due to acquisitions
By Deena Beasley LOS ANGELES, May 7 (Reuters) - Gilead Sciences GILD.O on Thursday posted a higher-than-expected first-quarter profit and raised its outlook for 2026 sales, but said it now expects a loss for the year due to charges and financing costs related to recent acquisitions.The drugmaker ...Reuters
Thu, May 7
Expedia beats quarterly estimates, flags hit from Middle East war
Conflict led to cancellations in March, CEO Ariane Gorin saysBookings impacted across Europe and Asia - GorinFirst-quarter gross bookings up 13% on strong international demandBy Anshuman TripathyMay 7 (Reuters) - Online travel platform Expedia Group EXPE.O beat Wall Street estimates for first-quart...Reuters
Thu, May 7
Akamai Technologies forecasts quarterly results below expectations
May 7 (Reuters) - Akamai Technologies AKAM.O forecast second-quarter profit and revenue below Wall Street expectations on Thursday, as the company navigates a challenging macroeconomic environment marked by high memory costs and cautious enterprise spending.A sharp rise in the cost of memory infrast...Reuters
Thu, May 7
Brazil’s Lula says Trump unlikely to sway upcoming election
WASHINGTON, May 7 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Thursday that he does not think U.S. President Donald Trump will have any influence in the upcoming Brazil election."I think he will behave like the president of the United States, letting the Brazilian people de...Reuters
Thu, May 7
Colorado River to hit record low after worst-ever Rockies snowpacks
By Andrew Hay May 7 (Reuters) - Colorado River flows into Lake Powell will hit record lows this summer after the lowest snowpacks ever recorded in the Rocky Mountain states of Colorado, Utah and Wyoming, according to a federal forecast on Thursday.A March heatwave prematurely melted what snow fel...Reuters
Thu, May 7
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