06:39 AM EDT, 08/22/2024 (MT Newswires) -- Advance Auto Parts ( AAP ) said Thursday it has agreed to sell Worldpac Inc., its automotive parts wholesale distribution business, to funds managed by Carlyle Group ( CG ) for $1.5 billion in cash. The company expects net proceeds of about $1.2 billion after taxes and transaction fees. The deal, slated to...

EHang Holdings Limited ( EH ) shares are trading higher after it reported second-quarter results. Revenue escalated 919.6% Y/Y to RMB102.0 million. In USD terms, revenue of $14.04 million beat the consensus of $12.58 million. Revenue benefitted from strong demand for the advanced EH216-S pilotless eVTOL vehicles. Gross profit surged 957.3% Y/Y to RMB63.7 million ($8.7 million), with a gross margin of 62.4%, up 2.2 percentage points Y/Y. Adjusted...

06:31 AM EDT, 08/22/2024 (MT Newswires) -- Biogen (BIIB) and Japan's Eisai Co. ( ESALF ) said early Thursday that their humanized amyloid-beta monoclonal antibody, lecanemab, received marketing authorization from the UK's regulatory authority. The company said lecanemab is indicated for the treatment of mild cognitive impairment and mild dementia due to Alzheimer's disease in certain types of adult patients....

* Firm was once valued at $22 bln in India * Fall seen as setback for employees, startup sector * Employees weigh legal options, protests * Lenders' dispute triggered insolvency case (Updates paragraph 8 with court hearing details) By Ashwin Manikandan, Arpan Chaturvedi and Munsif Vengattil BENGALURU/NEW DELHI, Aug 22 (Reuters) - The insolvency of Indian education technology company Byju's...