Stock market news

Amgen

Amgen completed its acquisition of ChemoCentryx for $3.7 billion, or $52 per share. ChemoCentryx developed the drug TAVNEOS to treat ANCA-associated vasculitis. Sales of the drug in the U.S. in the first quarter of 2022, the first full quarter of sales, were $5.4 million. TAVNEOS is also already approved in major markets outside the U.S., including the Europ...

Philip Morris International

Philip Morris International's GAAP net income for 9 months of 2022 was $7.033 billion, down 6% from $7.481 billion in the previous year. Revenue declined 1.2% to $60.638 billion from $61.393 billion a year earlier.

American Airlines Group

American Airlines' GAAP loss for 9 months of 2022 was $0.676 billion, down 36.3% from $1.061 billion in the previous year. Revenue increased 74.9% to $35.783 billion from $20.455 billion a year earlier.

Nizhnekamskneftekhim

One of the main strategic projects of Nizhnekamskneftekhim - Olefin complex EP-600 - is to be launched in 2024, said the Head of Tatarstan Rustam Minnikhanov at the annual address to the State Council of the Republic. The new facilities will allow to refine 1.8 million tons of straight-run gasoline, significantly increase Russian ethylene production capacity...

AT&T

AT&T's GAAP net income for 9 months of 2022 was $16.1 billion, up 0.1% from $16.089 billion in the previous year. Revenue declined 13.2% to $89.398 billion from $102.943 billion a year earlier.

KAMAZ

Automobile Concern Kamaz will launch production of the full model range of the new generation K5 trucks in the first quarter of 2023 with the full completion of the import substitution program, said Tatarstan President Rustam Minnikhanov. Head of the Republic also noted that Kamaz is actively working to maintain production volumes and develop the model range...

Altria Group

Altria Group has entered into an agreement with Philip Morris International under which Altria will receive $2.7 billion from PMI in exchange for exclusive rights to commercialize the IQOS® tobacco heating system in the United States after April 30, 2024. The current 2013 agreement allowed PMI to extend the contract for an additional five-year term through A...

Noventiq

Softline has completed the transfer of the Russian business to Igor Borovikov, the group's founder, in exchange for a portion of his stake in the company. As compensation, all GDR holders will receive approximately 0.6 bonus securities per GDR. However, due to the sanctions, the bonus securities of GDR holders in Russian depositories will be frozen and will...

Philip Morris International

Philip Morris International has entered into an agreement with Altria Group under which the company will pay Altria $2.7 billion in exchange for exclusive rights to commercialize the IQOS® tobacco heating system in the United States after April 30, 2024. The existing agreement from 2013 allowed PMI to extend the contract for an additional five-year period th...

NovaBev Group

Beluga Group Board of Directors approved a new dividend policy. Now the company will allocate at least 50% of its consolidated net profit according to IFRS for the year to dividends, instead of 25% as before. The target frequency remains unchanged - at least twice a year.