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Bloomberg

Daiichi Sankyo Sees Strong Growth Despite One Off Costs

Daiichi Sankyo says its underlying business remains strong despite a one time expense and conservative earnings guidance that came in below market expectations. The Japanese drugmaker reported double digit growth and rising revenue, supported by robust demand for its flagship cancer treatments. The company also outlined its medium term outlook, highlighting antibody drug conjugates, research investment and the role of artificial intelligence, even as competition intensifies and currency moves remain a factor. Hiroyuki Okuzawa, President and CEO of Daiichi Sankyo, spoke exclusively with Shery Ahn on Insight with Haslinda Amin about results, strategy and growth priorities.

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Bloomberg

China's Growth Story Has Shifted, KKR's McVey Says

Henry McVey, KKR Head of Global Macro and Asset Allocation and CIO of the firm's Balance Sheet, says industrialization, robotics, and the green economy are now driving China's growth. He believes investors should focus on relative value in AI, and notes that valuations in China have become attractive. He also shares his views on the Chinese currency and property market on Bloomberg's "The China Show."

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Bloomberg

Australia Targets Housing Inequality in New Budget

Australia is set to crack down on tax concessions for property investors, as it looks to ease generational inequality and rein in the budget deficit. Treasurer Jim Chalmers is due to unveil the federal budget Tuesday, anchored by a flagship housing package. Bloomberg's Paul Allen reports on Australia's property obsession and speaks to ANU's Jill Sheppard about what's at stake.

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