Mon, Sep 21, 2020 4:38 PM
Natco Pharma aims to diversify product portfolio in domestic market
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Finnish elevator and escalator maker Kone expects improved profitability this year despite a prolonged construction slowdown that is hurting its business in China, it said after reporting quarterly results on Wednesday. China accounts for about 25% of Kone's business, but the company's new equipment division has been struggling to contend with protracted property.
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Techs led a retreat in US stocks on Thursday as Meta's (META) revenue forecast rattled investors eyeing the next high-stakes megacap earnings. Meanwhile, a sharply lower-than-expected reading on US GDP for the first quarter ratcheted up questions about the health of the US economy in the face of persistently high interest rates.Nasdaq 100 (^NDX) futures fell 1.4%.
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The turbulent electric vehicle (EV) sector has provided a lot of up-and-down drama lately for investors, who should be very selective these days. But one they should select, at least according to one analyst, is next-generation battery maker QuantumScape (NYSE: QS). Here's a take on his latest take, if you will.Better battery neededQuantumScape is currently developing a higher-energy-density EV.
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