Wall Street rewarded Novartis and Regeneron Tuesday for presentations at a cardiology conference over the weekend, with Novartis’ heart-failure drug hailed as a potential game-changer. At the European Society of Cardiology (ESC) Congress in Barcelona, Novartis (NVS) revealed results of a phase three trial of patients suffering heart failure with reduced ejection fraction. (Ejection fraction is a measure of how much blood a heart
Even as Alibaba gears up for a historic U.S. IPO, the e-commerce giant is waging an intense battle for supremacy at home — and it may be the underdog. Tencent (TECHY) and Baidu (BIDU) on Friday officially announced an e-commerce joint venture with real estate and entertainment conglomerate Dalian Wanda Group. The deal is similar to one that Alibaba Group forged earlier this year with a large operator of department stores and
Tesla Motors stock rose to a record high Friday on a deal to build hundreds of charging stations for electric cars in China. “Tesla will be building 400 destination charging points at China Unicom (CHU) retail outlets in 120 cities,” Tesla Motors (TSLA) spokeswoman Liz Jarvis-Shean told IBD by email. “In addition, we will be building 20 superchargers at China Unicom retail outlets in 20 cities.” All charging points will be provided