07:54 AM EDT, 08/20/2025 (MT Newswires) -- Kingsoft Cloud ( KC ) reported Wednesday a Q2 net loss of 0.11 Chinese renminbi ($0.01) per diluted share, compared with a loss of $0.10 renminbi a year earlier. Three analysts polled by FactSet expected a loss of 1.23 renminbi. Revenue for the quarter ended June 30 was 2.35 billion renminbi, up from...

(Reuters) -China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets. The State Council - China's cabinet - will review and possibly approve a roadmap later this month for the greater usage of...

07:53 AM EDT, 08/20/2025 (MT Newswires) -- Jazz Pharmaceuticals ( JAZZ ) has obtained exclusive worldwide rights to develop and commercialize Saniona's experimental epilepsy drug, SAN2355, the companies said Wednesday. Saniona will receive an upfront payment of $42.5 million, with potential additional payments totaling over $1 billion, including development, regulatory, and commercial milestone payments, as well as royalties on future...

07:56 AM EDT, 08/20/2025 (MT Newswires) -- Enanta Pharmaceuticals ( ENTA ) said Wednesday that it has filed a lawsuit in the Unified Patent Court of the European Union against Pfizer ( PFE ) and certain of its units over alleged patent infringement. Enanta said it asked the court to determine liability for infringement of its European patent covering coronavirus...