On Wednesday, Koninklijke Philips NV ( PHG ) said it reached a final agreement with the U.S. Justice Department and FDA regarding a settlement related to its Respironics ventilators. The Dutch health-technology company said that under the consent decree, Philips Respironics will continue to prioritize completing the remediation of the sleep and respiratory care devices under Respironics’ voluntary June 2021 recall. The agreement...

Ford Motor Company ( F ) shares are trading lower in the morning session on Wednesday. The company will recall 42,652 Bronco Sport and Escape vehicles in the U.S. due to broken fuel injectors that may leak and induce a fire, Reuters reported. National Highway Traffic Safety Administration stated that Ford plans to incorporate fuel injector leak detection into the engine control software...

09:54 AM EDT, 04/10/2024 (MT Newswires) -- Theratechnologies ( THTX ) was at last look up near 6% in US premarket trade on Wednesday after reporting a narrower Q1 loss and an acceleration of the phase 1 trial of a drug for ovarian cancer. The stock's advance came after an 8.3% jump in Canada on Tuesday The net loss fell...

09:49 AM EDT, 04/10/2024 (MT Newswires) -- Lazard ( LAZ ) said Wednesday that its preliminary assets under management rose to $250.4 billion in March from a little over $248 billion a month earlier. The increase was attributed to a $5.3 billion gain in market appreciation that was offset by net outflows of $2.5 billion and foreign exchange depreciation of...