01:10 PM EDT, 09/08/2025 (MT Newswires) -- (Updates with Temu's response in the last paragraph.) PDD Holdings' ( PDD ) subsidiary Whaleco, which runs the online shopping platform Temu, will pay a $2 million penalty to settle claims that it violated the INFORM Consumers Act, a law designed to protect consumers, the US Department of Justice and the Federal Trade...

01:14 PM EDT, 09/08/2025 (MT Newswires) -- Infosys ( INFY ) said Monday that its board of directors will consider a proposal to repurchase the company's fully paid-up equity shares at a meeting scheduled for Thursday. The disclosure was filed with the US Securities and Exchange Commission on Form 6-K and also submitted to stock exchanges in India. Terms of...

01:23 PM EDT, 09/08/2025 (MT Newswires) -- Consumer stocks were mixed Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) decreasing 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.3%. In corporate news, Tesla's (TSLA) share of total electric vehicle sales in the US in August has fallen to 38% in August, the first time...

Regeneron Pharmaceuticals, Inc ( REGN ). revealed data from Phase 3 trials in adults with moderate-to-severe cat or birch allergies on Monday. Both trials met their respective primary and key secondary endpoints. REGN is feeling the pressure from bearish momentum. Get the market research here. Allergen-blocking antibody treatment in Cat-allergen “Ocular Challenge” Trial REGN1908 and REGN1909 are two fully human monoclonal...