05:07 AM EDT, 06/25/2025 (MT Newswires) -- Alvotech ( ALVO ) , Kashiv Biosciences, and Advanz Pharma said Wednesday that an efficacy study comparing AVT23, a proposed biosimilar to Xolair, in patients with chronic spontaneous urticarial met its primary endpoint. The study covered patients who remained symptomatic despite treatment with H1 antihistamines. The companies said the results showed equivalence of...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...

FRANKFURT, June 25 (Reuters) - Bosch CEO Stefan Hartung warned on Wednesday that Europe risks hindering its progress in artificial intelligence compared with other parts of the world through over-regulation. Europe is unnecessarily delaying its AI future with excessive regulation, said Hartung at a tech conference the German firm is hosting in the south-western city of Stuttgart. Bosch, which holds...

(Reuters) -FedEx shares dropped nearly 6% in premarket trading on Wednesday after the logistics giant sounded caution for the full year ahead and forecast current-quarter earnings below market expectations, as it battles volatile global demand due to pressures from U.S. tariffs. The global demand environment remains volatile, said CEO Raj Subramaniam during an earnings webcast, as the company failed to...