latest news in companies
Regeneron Facing Class Action Lawsuit Over Failed Melanoma Trial
Seattle, Friday, 31 July 2026.
Regeneron faces a class action lawsuit after altering clinical trial protocols for a potential blockbuster cancer drug, concealing slow event rates before the trial ultimately failed and wiped out $11 billion in market value.
Parex Resources Becomes Colombia's Largest Independent Producer Following Acquisition
Calgary, Friday, 31 July 2026.
Parex Resources reported a second-quarter 2026 net income of $444 million following its Frontera acquisition, establishing itself as Colombia’s largest independent oil producer while maintaining strong operational momentum.
Alignment Healthcare Beats Expectations with Strong Second-Quarter Revenue Growth
Orange, Thursday, 30 July 2026.
Driven by a 31.5% jump in Medicare Advantage enrollment, Alignment Healthcare generated $1.34 billion in second-quarter 2026 revenue, beating financial estimates and raising its full-year outlook.
Rising Risks in Artificial Intelligence as Chipmakers Fund Their Own Customers
New York, Thursday, 30 July 2026.
Central banks warn that artificial intelligence chipmakers funding their own buyers creates major financial stability risks, as tech giants commit over $145 billion to loss-making specialized cloud providers.