Elbit Systems (NASDAQ:ESLT) reported double-digit revenue growth for the first quarter and an order backlog that surpassed $30 billion for the first time, fueled by a global acceleration in military procurement that has offset localized operational challenges.
Pony AI (NASDAQ:PONY) recorded a 145% surge in first-quarter revenue, fueled by the rapid commercial acceleration of its robotaxi operations, leading the autonomous driving company to raise its full-year vehicle deployment and revenue targets.
Yatsen Holding (NYSE:YSG) reported a 22.5% increase in first-quarter revenue, driven by accelerating consumer demand for its skincare portfolio, though aggressive promotional spending and higher research outlays widened its net loss.
MINISO Group Holding (NYSE:MNSO) reported a 28.5% increase in revenue for the March quarter, matching capital market expectations as the value lifestyle retailer expanded its domestic and international store networks.
Sunlands Technology Group (NYSE:STG) preserved its four-year streak of consecutive quarterly profitability during the first quarter, relying on aggressive structural cost-cutting to mitigate a slide in net revenues and new student enrollments.
VNET Group (NASDAQ:VNET) recorded a 19.8% increase in first-quarter revenue, driven by accelerating enterprise demand for its wholesale data center space, even as one-off tax expenses tied to capital transactions widened its net loss.
BioArctic announced that its long-term development and commercialization partner, Eisai, has presented an updated financial simulation outlining the growth trajectory for their co-developed Alzheimer’s disease treatment, Leqembi (lecanemab).
JOYY (NASDAQ:JOYY) recorded its fastest pace of revenue growth in recent years during the first quarter, driven by a sharp acceleration in its digital advertising business, and authorized an aggressive three-year, $1.5 billion shareholder return initiative.
Elbit Systems (NASDAQ:ESLT) won a contract valued at approximately $1.4 billion from an undisclosed European customer to execute a comprehensive military modernization initiative spanning the next five years.
Oil rebounded as fresh US military strikes in Iran clouded the outlook for an interim deal between Tehran and Washington to reopen the Strait of Hormuz. Stephen Stapczynski reports.
Joumanna Bercetche, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
Ebola is spreading faster in Democratic Republic of Congo than responders can contain it, the World Health Organization warned, as suspected deaths climbed above 220 and treatment centers came under attack in the country's conflict-hit east. The crisis has drawn about $500 million in global pledges. Bloomberg's Janice Kew reports.
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