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Gilead Sciences Swings to 2Q Profit as Revenue Soars 21%

Gilead Sciences Swings to 2Q Profit as Revenue Soars 21%
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Mondelez Raises Fiscal Year Organic Net Revenue Growth Outlook


Provided by
Dow Jones
By Kimberly Chin
Mondelez International Inc. raised its organic net revenue growth outlook for the year.
The Oreos maker on Tuesday said it expects organic net revenue to increase by upward of 4%, compared with its prior view of growth of 3%-plus.
However, it maintained its adjusted per-share earnings growth guidance in the high single digit. It anticipates foreign currency exchange rates would contribute a 9-cent positive impact to adjusted earnings per share, compared with its prior view of a 10-cent positive effect on adjusted EPS for the year.
Mondelez s shares fell 2.4% in after-hours trading to $63.64.
Write to Kimberly Chin at [email protected] ....

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ADRs End Mixed; New Oriental Education, Missfresh Among Companies Actively Trading


Provided by
Dow Jones
By Kimberly Chin
International stocks trading in New York closed mixed on Monday. The S&P/BNY Mellon index of American depositary receipts fell 0.6% to 164.53. The Asian index declined 2.4% to 224.24, and the emerging-markets index decreased 2.6% to 381.05. Meanwhile, the European index rose 0.6% to 142.43, and the Latin American index improved 2.2% to 215.50.
New York-listed shares of China-based education companies continued to get hammered after China confirmed on Monday it would take drastic steps to restrain the country s booming after-school tutoring industry. ADRs of New Oriental Education & Technology Group Inc. tumbled 34%, while ADRs of rival TAL Education Group declined about 27%. ....

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ADRs End Higher; BioNTech, AnPac Among Companies Actively Trading


Provided by
Dow Jones
By Kimberly Chin
International stocks trading in New York closed higher on Wednesday.
The S&P/BNY Mellon index of American depositary receipts rose 1.6% to 166.45. The European index improved 1.9% to 140.80. The Asian index rose 1.3% to 234.36. The Latin American index increased 1.7% to 213.42. And the emerging-markets index rose 1.3% to 401.66.
BioNTech SE s ADRs rose 5.9% after the company and its partner Pfizer Inc. said Wednesday that their Covid-19 vaccine will be partly produced in South Africa from next year. The deal under which the Cape Town-based Biovac Institute will fill vials of the Pfizer-BioNTech vaccine and ready them for shipment follows growing pressure from the U.S., Europe and international organizations for drugmakers to do more to tackle global inequities in accessing Covid-19 shots. Biovac will deliver more than 100 million doses annually once its plant is fully operational next year ....

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