At Magna International's 2026 annual meeting, shareholders representing 79.21% of shares re-elected all 12 board nominees, reappointed Deloitte as auditor, and approved the executive compensation plan. Key board leadership roles were confirmed, including Robert F. MacLellan as Chair. The meeting reflects strong shareholder support for the company's governance and compensation policies, setting a stable course for the year ahead.
The FDA has granted traditional approval to Fabhalta (iptacopan), a first-in-class complement inhibitor, for slowing kidney function decline in adults with primary immunoglobulin A nephropathy (IgAN). Fabhalta showed a 48% slower decline in kidney fu...
Corbin Advisors' Q2 2026 survey shows industrial investor sentiment at its highest in five years, with 84% of participants bullish or neutral-to-bullish due to strong order momentum and demand from data centers and AI sectors. Expectations for Q2 rev...
IPG Photonics announced a binding offer to acquire Lumibird Medical for €300 million, with an additional earnout of up to €50 million based on performance. This acquisition will expand IPG's Advanced Solutions portfolio in medical lasers, particularl...
Oil prices increased as tensions escalated between the US and Iran, with Iran threatening to retaliate against regional infrastructure if the US strikes its key facilities. US West Texas Intermediate futures rose 1.32% to $80.09 per barrel, while Bre...
Visa introduced its Stablecoin Platform (VSP) to simplify stablecoin use for banks and fintechs by combining minting, wallets, and payment tools in one system. Initially supporting the new Open USD stablecoin, the platform targets treasury, settlemen...
