Flex announced a plan to spin off its Power and Cloud portfolio into a new independent company, SpinCo, focused on digital infrastructure for AI data centers, while Flex will continue as a global advanced manufacturing firm. The spin-off aims to sharpen strategic focus, improve financial clarity, and create shareholder value, with SpinCo targeting rapid revenue growth and Flex focusing on manufacturing solutions across diverse industries. Leadership changes include Revathi Advaithi as SpinCo CEO and Michael Hartung as Flex CEO. The transaction is expected to be tax-free and close in the first quarter of 2027.
UBS Group AG has officially reported holding 7,676,171 shares in Bang & Olufsen A/S, representing 5.21% of the company's total share capital and voting rights as of July 9, 2026. This notification is made under the Danish Capital Markets Act, signali...
The global hazardous area equipment market, valued at $13.5 billion in 2025, is projected to reach $25.28 billion by 2035, growing at a CAGR of 6.48%. Growth is fueled by stricter industrial safety regulations like ATEX and OSHA, and the adoption of ...
The FDA has granted Priority Review to Roche's Gazyva (obinutuzumab) for treating primary membranous nephropathy (pMN), a chronic autoimmune kidney disease with no current FDA-approved therapies. This decision follows positive phase III MAJESTY trial...
Trinity Capital is recommended as a 'Buy' due to its consistent outperformance against major indices and a strong 11.8% yield. The company maintains a diversified portfolio across technology, equipment financing, and life sciences, supporting steady ...
ASML reported strong Q2 2026 results with €9.3 billion in net sales and €2.9 billion in net income, surpassing guidance due to higher Installed Base Management sales. The company raised its 2026 total net sales forecast to between €43 billion and €45...
