After India, Novo Nordisk cuts WeGovy price in China on generics challenge| Business News

Novo Nordisk AS is lowering prices of its top-selling WeGovy weight-loss drug in China, as the Danish drugmaker braces for intense competition from local rivals next year when the patent for its blockbuster treatment ends. Novo Nordisk slashed WeGovy prices by up to 37% in India last month. (Reuters) The company did not give details […]

U.S. Plans to Approve Export of Nvidia’s H200 Chip to China| Business News

WASHINGTON—The Trump administration plans to let Nvidia export its H200 chip to China, the latest twist in the artificial-intelligence chip designer’s efforts to maintain access to the world’s second-largest economy, according to people familiar with the matter. Nvidia Chief Executive Jensen Huang The details The Commerce Department plans to approve licenses to China letting Nvidia […]

Tech Tonic | Can China’s 14nm chips really rival Nvidia and AMD’s AI silicon?

There’s a fascinating game of technological chess playing out in the semiconductor world. First it was the TPU vs GPU conversation, as it came to light that Meta will be spending a significant amount of money to buy Google’s Tensor Processing Units for its AI deployments, that a direct competition to Nvidia’s graphics processing unit […]

China property crisis thrust back into spotlight by Vanke plunge

(Bloomberg) — China’s property market is bracing for a worsening crisis at state-backed China Vanke Co., as the builder struggles to convince investors it can avoid default in the months ahead without clearer signs of government support. China’s property market is bracing for a worsening crisis at state-backed China Vanke Co., as the builder struggles […]

China, Hong Kong stocks set to open higher on Trump-Xi trade talk optimism| Business News

China and Hong Kong equities are poised to open higher on Monday, buoyed by investor optimism over a potential breakthrough in trade negotiations between Washington and Beijing. US President Donald Trump meets with China’s President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019 […]

China’s biggest builders hobble toward end of restructurings

(Bloomberg) — Most of China’s biggest defaulted developers are reaching a restructuring milestone, as creditors increasingly accept that better terms are unlikely during a real estate crisis that has triggered $130 billion of defaults. Most of China’s biggest defaulted developers are reaching a restructuring milestone, as creditors increasingly accept that better terms are unlikely during […]