Business news

Business news • Apr 13

LVMH sales miss expectations as luxury recovery is put on pause amid Middle East war

The luxury sector had shown some signs of a long-awaited recovery after a years-long slump prompted by soft demand from Chinese consumers.

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Business news • Apr 13

LVMH Sales Suffer After Middle East War Weighs on Vuitton Demand

Sales at LVMH's biggest division fell at the start of this year as the war in the Middle East crimped demand for Louis Vuitton and Dior products.

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Business news • Apr 13

Revolution Medicines' experimental cancer pill boosts survival in late-stage study

Revolution Medicines' experimental oral drug ‌helped patients with pancreatic cancer live nearly twice as long as those treated with chemotherapy in a...

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Business news • Apr 13

Conagra Hires John Brase to Replace Sean Connolly as President, CEO

Conagra says its board determined that Connolly will no longer serve as president and CEO as of May 31 and will also leave the board.

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Business news • Apr 13

Delta unveils new suite design, posh plane; plans upgrade for old, dated cabins

Delta Air Lines has announced that a next-generation Delta One product is coming to its newest plane next year. Retrofits are also in the works for its...

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Business news • Apr 13

Middle East oil production plunges due to Iran war, OPEC data shows

Oil production has dropped sharply in Saudi Arabia, Iraq, the United Arab Emirates and Kuwait due to the Iran war, according to OPEC's monthly report.

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Business news • Apr 13

Physical oil hits fresh record high near $150 a barrel as Hormuz crisis worsens

The price of physical crude oil cargoes for ‌prompt delivery to Europe hit a record high near $150 a barrel on Monday and those for Africa hit new peaks,...

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Business news • Apr 13

War On Iran Sends More Buyers To EVs As Gas Prices Rise

We're looking at European buyers turning to EVs as gas prices rise, and Tesla getting regulatory approval on the continent for FSD and more.

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Business news • Apr 13

Revolution rises 40% as pancreatic cancer drug doubles survival

In a difficult disease, Revolution Medicines achieved what the pancreatic cancer community has long desired: a significant improvement in survival.

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Business news • Apr 13

Revolution beats expectations | ApexOnco - Clinical Trials news and analysis

Revolution Medicines has just toplined the phase 3 Rasolute-302 trial in second-line pancreatic cancer, but it's already calling the results transformative.

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Business news • Apr 13

Automakers face a troubling customer trend

A month of war and rising gas prices has taken a toll on consumer confidence in the U.S., leading to a decline that is consistent across age groups,...

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Business news • Apr 13

What the first FSD approval in Europe means for Tesla

On Friday, Dutch regulators approved a version of Tesla'sTSLA $351.30 (0.95%) supervised Full Self-Driving (FSD) software, making the Netherlands the first...

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Business news • Apr 13

Stocks rally, oil dips below $100 a barrel as investors signal hope for swift end to Iran war

Stocks recovered from an earlier drop on Monday amid investor hopes that the U.S. and Iran could ease tensions despite an American military blockade on the...

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Business news • Apr 13

Roblox defends expanded age‑checks after parents raise concerns over errors

Roblox has defended a major expansion of its child safety system, despite complaints from parents that the game's user-age estimation can misclassify...

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Business news • Apr 13

Video shows moment debris from Miami Mandarin Oriental implosion smashes into nearby condo lobby

Some damage was reported after the controlled implosion of the old Mandarin Oriental on Miami's Brickell Key on Sunday morning.

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Business news • Apr 13

Rising AI Adoption Spurs Workforce Changes

For the first time in Gallup's measurement, half of employed American adults say they use AI in their role at least a few times a year, up from 46% last...

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Business news • Apr 13

Revolution Medicines touts ‘unprecedented’ data for pancreatic cancer pill

Metastatic pancreatic cancer patients who received a targeted pill from Revolution Medicines lived nearly twice as long as patients who received...

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Business news • Apr 13

Revolution Medicines says its potential breakthrough pancreatic cancer drug succeeds in late-stage trial

Revolution Medicines' drug for pancreatic cancer succeeded in a highly anticipated Phase 3 trial, the company said.

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Business news • Apr 13

Revolution’s much-hyped RAS inhibitor hits key survival goals in phase 3 pancreatic cancer trial

Revolution Medicines' pan-RAS inhibitor helped patients with a highly aggressive form of pancreatic cancer live an average of six months longer than...

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Business news • Apr 13

Allogene Therapeutics’ CAR-T treatment eliminates residual cancer cells in B-cell lymphoma patients

Allogene Therapeutics said Monday that its off-the-shelf CAR-T treatment eliminated residual cancer cells in patients with B-cell lymphoma three times...

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