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PDD beats quarterly revenue estimates

PDD beats quarterly revenue estimates

Nov 28 (Reuters) – PDD Holdings (PDD.O) beat Wall Street targets for third-quarter revenue on Tuesday, as heavy discounting boosted sales across its e-commerce platforms in China and overseas, sending its U.S.-listed shares more than 11% higher in premarket trading. PDD, formerly just known as Pinduoduo, has received a big boost from the growing popularity...

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US trade tribunal issues potential Apple Watch import ban in Masimo patent fight

US trade tribunal issues potential Apple Watch import ban in Masimo patent fight

A new Apple Watch Ultra 2 is displayed during the ‘Wonderlust’ event at the company’s headquarters in Cupertino, California, U.S. September 12, 2023. REUTERS/Loren Elliott/Fiile photo Acquire Licensing Rights Oct 26 (Reuters) – The U.S. International Trade Commission (ITC) on Thursday issued an order that could bar Apple (AAPL.O) from importing its Apple Watches after...

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Ozempic’s early success in kidney disease trial drags on dialysis stocks

Ozempic’s early success in kidney disease trial drags on dialysis stocks

The outdoor sign seen at the DaVita Dialysis clinic in Denver February 16, 2016. REUTERS/Rick Wilking/File Photo Acquire Licensing Rights Oct 11 (Reuters) – Shares of dialysis service providers fell sharply on Wednesday after Novo Nordisk’s (NOVOb.CO) Ozempic showed early signs of success in delaying the progression of kidney disease in diabetes patients. Colorado-based DaVita’s...