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Sanofi Reports 3.2% Profit Increase in Q2, Driven by Strong Dupixent Sales

Due partly to the medicine Dupixents successful sales and the new products betterthanexpected performance, Sanofi announced a 3.2% rise in secondquart

Due partly to the medicine Dupixents successful sales and the new products betterthanexpected performance, Sanofi announced a 3.2% rise in secondquarter profit. Operating income above analyst projections of 2.08 billion euros, reaching 2.81 billion euros $3.05 billion after subtracting onetime items. After initially predicting a drop, Sanofi now projects a flat fullyear profit. Sales of Dupixent unexpectedly exceeded projections of 3.18 billion euros, rising 29.2% to 3.30 billion euros. Sanofis recent medicine launches—Altuviiio for haemophilia, Beyfortus for respiratory infections, and Tzield for type 1 diabetes—are appointed despite worries over an overreliance on Dupixent. Additionally exceeding projections were sales of Beyfortus and Altuviiio, indicating a favourable response from the market. Read More..

B2B Tech News | 18 hours ago        

USIndia Strategic Partnership Forum Lauds Indias Union Budget 2024 for Job Creation Focus

The USIndia Strategic Partnership Forums president and chief executive officer, Mukesh Aghi, commended Indias Union Budget 2024 for its thoughtful str

The USIndia Strategic Partnership Forums president and chief executive officer, Mukesh Aghi, commended Indias Union Budget 2024 for its thoughtful strategy and emphasis on job development. The budget strongly emphasises improving worker skills, especially for those making their first salary, and seeks to lower the deficit from 5.3% to 4.9%. While 51% of graduates are now prepared for the workforce, compared to 34% a decade ago, Aghi pointed out that more funding is still required. To increase FDI, the budget also contains a tax decrease for foreign businesses to raise yearly FDI from USD 70 billion to USD 110 billion. Finance Minister Nirmala Sitharaman has prioritised employment, skill development, and agriculture in her seventh consecutive budget to boost economic growth and productivity. Read More..

B2B Tech News | 18 hours ago        

Honda to Close Chinese Factory, Halts Production at Another Amid EV Shift

Amidst intense competition from Chinese manufacturers, Honda Motor revealed intentions to move its strategic focus to electric vehicles by closing one

Amidst intense competition from Chinese manufacturers, Honda Motor revealed intentions to move its strategic focus to electric vehicles by closing one of its plants and stopping production at another. October will see the end of operations for the facility, which is run as a joint venture with Guangzhou Automobile Group. A second factory owned by Dongfeng will also see Honda suspend operations beginning in November. By taking these actions, Honda will be able to produce 1.2 million fewer automobiles annually in China than 1.49 million. But later this year, Honda intends to begin production at two additional EV factories, partially offsetting this drop and increasing capacity to 1.44 million vehicles. Chinese automakers that sell reasonably priced, technologically advanced cars are becoming a bigger rival to the corporation. Read More..

B2B Tech News | 18 hours ago        

PBOC Surprises Markets with Unexpected Rate Cuts to Stimulate Chinese Economy

The Peoples Bank of China PBOC, the countrys central bank, shocked investors on Thursday by reducing interest rates dramatically in an unforeseen lend

The Peoples Bank of China PBOC, the countrys central bank, shocked investors on Thursday by reducing interest rates dramatically in an unforeseen lending operation. Through its mediumterm lending facility MLF, the PBOC granted 200 billion yuan $27.5 billion in oneyear loans at a rate of 2.30%, which was a 20 basis point decrease from the previous rate. An additional 235.1 billion yuan was added to the markets via sevenday reverse repos at 1.70% to guarantee sufficient liquidity. This action, which comes after previous benchmark rate decreases, is a reaction to the significant falls in the stock market and the weakerthanexpected GDP figures. Though some analysts think more extensive fiscal actions are required to address underlying economic concerns, analysts assume the rate reduction seeks to lower lending costs and combat deflationary pressures. Read More..

B2B Tech News | 18 hours ago        

Julius Baer Reports 15% Profit Drop in H1 2024 Amid CEO Change and Loan Losses

The first half of 2024 saw a 15% decline in earnings for Swiss private bank Julius Baer. Adjusted net profit dropped from 541 million francs in the pr

The first half of 2024 saw a 15% decline in earnings for Swiss private bank Julius Baer. Adjusted net profit dropped from 541 million francs in the previous year to 459.7 million Swiss francs $520.79 million, below analyst projections of 490 million francs. The banks substantial losses from loans to the nowinsolvent Signa Group, its most significant client un the private debt market, led to the resignation of CEO Philipp Rickenbacher and this collapse. Notwithstanding these obstacles, Julius Baer brought in 3.7 billion francs in net new money, more than the 3.5 billion francs anticipated but less than the 7.1 billion francs recorded the previous year. The bank has named Stefan Bollinger, a partner at Goldman Sachs, as its next CEO. Read More..

B2B Tech News | 18 hours ago        

Google Chrome Upgrades Download Security with New Warning Features

With new additions, Google is improving the security of Chrome downloads by adding comprehensive alerts for potentially dangerous files. The revised m

With new additions, Google is improving the security of Chrome downloads by adding comprehensive alerts for potentially dangerous files. The revised method adds a twotier warning taxonomy that uses different images and colours to classify downloads as "Dangerous" or "Suspicious" to increase user awareness. Better yet, customers who choose the Enhanced Protection option will also gain from automated deep scans of downloads, which removes the requirement for userinitiated alerts. Users may now utilise Safe Browsing to complete a scan of passwordprotected archives after entering the password. Files and passwords are then erased. The metadata is examined while files are kept on the device under Standard Protection mode. These upgrades aim to provide more explicit notifications and enhanced security for downloaded files. Read More..

B2B Tech News | 18 hours ago        

Hacker Claims Data Breach at Piramal Group, Personal Information at Risk

An Indian company called Piramal Group is said to have had sensitive data taken by a hacker. There are reports that the hacked material, sold on the d

An Indian company called Piramal Group is said to have had sensitive data taken by a hacker. There are reports that the hacked material, sold on the dark web, contains the personal data of thousands of present and past workers. To confirm authenticity, the hacker has released samples of the stolen data. Piramal Group has not yet commented on the hack. Large organisations are facing an increasing number of cybersecurity risks, as this incident highlights. Robust data protection procedures are essential to prevent these breaches and secure sensitive data. Read More..

B2B Tech News | 18 hours ago        

Apple Launches Public Beta for Apple Maps on the Web

Safari, Chrome, and Edge are just a few browsers that may access Apple Maps on the web thanks to the companys opening of a public test. Similar functi

Safari, Chrome, and Edge are just a few browsers that may access Apple Maps on the web thanks to the companys opening of a public test. Similar functions of the mobile app are available online, such as ordering takeaway, navigating using driving and walking instructions, and perusing reviews and guides. In the future, Apple will introduce more browsers, languages, and capabilities like "Look Around". By expanding its user base, this expansion aims to compete directly with Google Maps. Developers can also include links to online maps for comprehensive location data. Read More..

B2B Tech News | 18 hours ago        

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