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7Moderna Jumps 17% After Positive Results for Its mRNA Cancer Vaccine in Phase III
Moderna shares jumped 17% after positive Phase III trial results for its mRNA cancer vaccine, boosting sentiment in the biotechnology sector and raising questions about the rally's sustainability.
China Sentences Evergrande Founder Hui Ka Yan to Life Imprisonment
A Chinese court has sentenced Evergrande founder Hui Ka Yan to life imprisonment, concluding China's largest financial fraud case and closing a chapter on one of the country's most severe real estate crises.
Apple Launches Largest Stock Buyback Program Under Tim Cook
Apple announced the largest stock buyback program in its history under the leadership of Tim Cook, in a move that enhances the value of shareholder stakes and signals strong confidence in the company's financial future.
OpenAI Chief Revenue Officer Departs Ahead of IPO
OpenAI Chief Revenue Officer Denise Dresser has left the company ahead of its initial public offering, succeeded by Dali Rajic, amid a wave of executive departures worrying investors.
PepsiCo and Frito-Lay Sue Major Sugar Refineries Over Alleged Price-Fixing Collusion
PepsiCo, Frito-Lay, and Quaker filed a federal lawsuit in Minnesota in July 2026, accusing major US sugar refineries of colluding on price-fixing and market allocation.
Amazon Reports First $200 Billion Quarter in Its History with 20% Growth and $20 Billion in Ads
In the second quarter of 2026, Amazon generated revenue exceeding $200 billion for the first time, growing by 20%, while advertising revenue jumped 26% to reach $19.8 billion.
Saudi Corporate News Roundup: Tasnee CEO Resigns, Acquisitions, and Strategic Partnerships
The roundup covers: The resignation of Tasnee CEO Fahad Al-Mushal, BinDawood's 51% acquisition of Wonder Bakery, and the Ma'aden-SABIC MoU, while PIF assets exceeded $1.15 trillion.