Mahathir Bayena

ImmunityBio (NASDAQ:IBRX) announced Wednesday that the Saudi Food and Drug Authority (SFDA) has approved ANKTIVA® (nogapendekin alfa inbakicept) for the treatment of non-muscle invasive bladder cancer (NMIBC).

Dr. Reddy’s Laboratories (NYSE:RDY) announced Wednesday the first-to-market launch of its over-the-counter (OTC) Olopatadine Hydrochloride Ophthalmic Solution, 0.7%, providing a lower-cost generic equivalent to Alcon’s Extra Strength Pataday® Once-Daily Relief.

Infosys (NYSE:INFY) raised its full-year revenue forecast on Wednesday after reporting third-quarter results that surpassed Wall Street expectations, signaling a resilient recovery in enterprise technology spending.

The Bangalore-based outsourcing giant now expects revenue to grow between 3% and 3.5% for the fiscal year ending March 2026, up from its previous projection of 2% to 3%.

For the quarter ended December 31, 2025, Infosys reported net profit of $747 million, or 18 cents per share.

On an adjusted basis, earnings reached 21 cents per share, topping the 20-cent average estimate from analysts surveyed by Zacks Investment Research.

Revenue rose to $5.1 billion, exceeding the $5.08 billion forecast by the Street.

The upgraded guidance reflects a surge in demand for the company’s "AI-first" services, specifically its Topaz generative AI platform.

Infosys reported a large deal total contract value (TCV) of $4.8 billion for the quarter, with "net new" deals accounting for 57% of that figure.

Despite seasonal headwinds like winter furloughs in the U.S. and Europe, the company managed to maintain stable operating margins between 20% and 22%.

The results come as a relief to the broader Indian IT sector, which has faced concerns over sluggish discretionary spending.

While profit dipped 2% year-over-year in rupee terms due to the impact of new labor codes in India, the sequential improvement in margins and the volume of new deals suggest that the sector’s "winter of discontent" may be thawing.

Genco Shipping & Trading (NYSE:GNK) unanimously rejected an unsolicited $20.60-per-share cash acquisition proposal from its largest shareholder, Diana Shipping, setting the stage for a high-stakes standoff in the dry bulk sector.

Galaxy says proposed Senate crypto rules could trigger the largest expansion of US financial surveillance in decades.

The Pentagon has outlined plans to make AI central to US military and space operations despite criticism over safety risks.

Games Workshop has confirmed generative AI will not be used in the design or creation of Warhammer content.

CoinGecko is weighing a possible sale as consolidation gathers pace across the crypto industry.

JPMorgan has cautioned that interest-paying stablecoins could undermine the regulated banking system.

Donald Trump’s threat of new tariffs on countries trading with Iran could have wide-ranging global economic consequences.