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Google Cloud hires another Oracle veteran for top role

FILE PHOTO: The Google logo is pictured at the entrance to the Google offices in London
FILE PHOTO: The Google logo is pictured at the entrance to the Google offices in London, Britain January 18, 2019. REUTERS/Hannah McKay

March 11, 2019

By Paresh Dave

SAN FRANCISCO (Reuters) – Alphabet Inc’s Google Cloud has hired Amit Zavery to lead one of its engineering teams, a company spokeswoman confirmed on Monday, making him the highest-ranking Oracle executive to reunite with former Oracle President Thomas Kurian since he became Google Cloud’s chief executive.

Zavery left last week as executive vice president for Oracle cloud platform. He started on Monday as a Google Cloud vice president of engineering and will lead the Apigee team, the spokeswoman said.

Oracle Corp declined to comment.

Zavery worked at Oracle for about 24 years, starting as a software engineer and most recently looking over a portfolio of application development tools for cloud computing customers. Some analysts estimate that the portfolio, combined with fees from hosting data on the cloud, will generate $2.1 billion in revenue for Oracle during its fiscal 2019.

Google gained some similar tools through its $625 million acquisition of Apigee in 2016. Apigee Chief Executive Chet Kapoor, who became a vice president at Google, is remaining with the company, the spokeswoman said.

Zavery will help Google add to its tools platform, which helps businesses develop applications for their workers or customers.

Kurian last month said Google Cloud would focus on trying to win business from the biggest companies in a handful of industries by offering them a wider variety of specialized services. Google is a distant No. 3 to Amazon.com Inc and Microsoft Corp in selling cloud storage and services.

Kurian spent 22 years at Oracle before leaving last year and joining Google shortly after.

(Reporting by Paresh Dave; Editing by Lisa Shumaker)

Source: OANN

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Germany’s 5G spectrum auction resumes after bids slowed before Easter

FILE PHOTO: A journalist uses his mobile phone to take a picture of the 5G logo prior to the auction of spectrum for 5G services at the Bundesnetzagentur head quarters in Mainz
FILE PHOTO: A journalist uses his mobile phone to take a picture of the 5G logo prior to the auction of spectrum for 5G services at the Bundesnetzagentur head quarters in Mainz, Germany, March 19, 2019. REUTERS/Kai Pfaffenbach/File Photo

April 23, 2019

FRANKFURT (Reuters) – Germany’s auction of spectrum for 5G mobile services resumes on Tuesday after bidding slowed to a crawl last week before the Easter holiday, with the amount pledged by the four firms taking part currently around 5.4 billion euros ($6.1 billion).

More than a month in, the auction is shaping up to be one of the longest on record with 218 rounds completed so far – just shy of the 224 rounds in a similar auction in 2010.

But it’s far from being the most expensive – a 3G auction in 2000 raised 50 billion euros. Were things to wind up near current levels, auction proceeds would be broadly in line with amounts forecast by independent analysts.

The auction, being held in a former army barracks in the western city of Mainz, resumes at 1300 CET (1100 GMT) and will only end when no new bids are entered.

Industry bosses have expressed concern that the four-way battle would inflate costs and undermine their ability to invest the billions needed to build the 5G networks – as happened in a pricey spectrum auction in Italy last year.

(GRAPHIC: Germany’s 5G Auction – Total Raised – https://tmsnrt.rs/2HWVDEu)

Germany’s three existing operators — Deutsche Telekom, Vodafone and Telefonica Deutschland — and new entrant 1&1 Drillisch are vying for 41 blocks of spectrum in the 2 Gigahertz and 3.6 GHz bands.

These frequencies have a relatively short range and high data-carrying capacity, suiting them to use in running ‘connected’ factories – a German industrial policy priority.

Bidding has, however slowed to a crawl, with much of last week featuring contests in which just one block in the 3.6 GHz band changed hands at modest increments of 2 million euros, as the graphic below indicates.

(GRAPHIC: Germany’s 5G Auction – Incremental Bids – https://tmsnrt.rs/2VnFafE)

Market leader Deutsche Telekom leads in 13 of the blocks on offer, with Vodafone ahead in 12 and Telefonica Deutschland in 9, according to results https://www.bundesnetzagentur.de/DE/Sachgebiete/Telekommunikation/Unternehmen_Institutionen/Frequenzen/OeffentlicheNetze/Mobilfunknetze/mobilfunknetze-node.html published by the Federal Network Agency (BNetzA).

Drillisch, a ‘virtual’ mobile player controlled by United Internet, leads in 7 blocks, bringing billionaire CEO Ralf Dommermuth closer to his dream of becoming Germany’s fourth operator.

(GRAPHIC: Ralph Dommermuth Sets His Sights On 5G – https://tmsnrt.rs/2AYOsWX)

(Reporting by Douglas Busvine; Editing by Kirsten Donovan)

Source: OANN

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The End Of The Internet Is Near: Rise Of Web Oligopoly

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Source: InfoWars

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Giant wooden cross stolen from California church on video

California police were on the hunt for a man accused of burglarizing a Catholic Church near Palm Springs on Monday, taking with him a $1,600 wooden cross.

The unidentified man was captured on video the approaching the St. Louis Catholic Church early Monday morning and then leaving with a wooden cross of Jesus Christ under his arm, the Cathedral City Police Department told KESQ.

Reverend Luis A. Guido told the station that the Cristo Negro, a replica of the "Black Christ of Esquipulas" made in Guatemala, was never secured properly because he never imagined that someone would take it.

CATHOLIC PRIEST STABBED DURING TELEVISED MASS IN CANADA

"We never expected someone would want to steal Christ so we just had a small lock, a baby lock. Probably just needed pliers or a screwdriver and we found the lock on the floor, the door open and this empty," he said.

Guido said he hoped that whoever took the $1,600 crucifix would return it since it's a special symbol for the church's Central American parishioners.

CLICK HERE TO GET THE FOX NEWS APP

"It's sad that it happened and we understand that things happen unfortunately and we pray for the man who did it and hopefully he has a conscious conversion."

Police said the church was vandalized as well. The investigation was ongoing.

Source: Fox News National

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Slovenian government coalition signs agreement with Left party

FILE PHOTO: Marjan Sarec, Slovenia's PM speaks during an interview in Ljubljana
FILE PHOTO: Slovenia's Prime Minister Marjan Sarec speaks during an interview with Reuters in Ljubljana, Slovenia, February 1, 2019. REUTERS/Srdjan Zivulovic/File Photo

March 20, 2019

By Marja Novak

LJUBLJANA (Reuters) – The five parties of the Slovenian center-left government coalition signed an agreement of cooperation with the opposition Left party to secure support for its main projects over the next year, the six parties said on Wednesday.

The Chamber of Commerce and Industry warned that the agreement could hurt the Slovenian economy because the demands of the Left are expected to raise taxes and public spending.

But Prime Minister Marjan Sarec, whose government took over in September after June’s general election, said the minority government has no choice but to seek opposition support for its projects. The coalition holds 43 out of 90 parliamentary seats while the Left has 9 seats.

“The government is a minority coalition government. If we want to do anything we have to make arrangements, that is the reality of democracy,” Sarec told Radio Slovenia.

The Left expects its cooperation with the government will lead to higher taxes on profit, more public apartments with non-profit rents, an improved national health system and more long-term jobs, Left spokesman Nikola Janovic Kolenc told Reuters.

The Chamber of Commerce said the demands of the Left could burden companies by as much as 1.4 billion euros ($1.59 billion)and hit the 46 billion-euro economy.

“We need a favorable business environment, productivity growth and the respect for those who work. The agreement between the coalition and the Left does not guarantee any of these. It is a mixture of expensive populist decrees which go against the development of the economy,” it said in a statement.

The agreement was signed just before the Left helped parliament confirm its 2019 budget plan earlier on Wednesday.

According to the agreement the Left will cooperate in the preparation of the 2020 and 2021 budgets later this year, which are expected to be confirmed by parliament before the end of 2019.

The largest opposition party, the center-right Slovenian Democratic Party (SDS), claims the Left is in fact stronger than the coalition parties.

“As long as the state is actually governed by the Left the economy will be regressing,” said Branko Grims, a member of parliament from the SDS.

(Reporting by Marja Novak; editing by Ken Ferris)

Source: OANN

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Police seek 2nd site in deaths of 4 in western Michigan

Authorities say evidence at the scene suggests some of the three children and one adult found fatally shot in a house in western Michigan may have been killed somewhere else.

Police and volunteers are searching Tuesday for a second crime scene near the Solon Township home, about 30 miles (50 kilometers) north of Grand Rapids.

Authorities say someone found the bodies of the children and a woman Monday and called 911. Authorities don't believe a shooter is at large.

Kent County Sheriff Michelle LaJoye-Young has said the three children were elementary school-aged and younger. LaJoye-Young did not release the victims' identities or relationships to one another.

Autopsies are expected to be performed Tuesday and possibly Wednesday. Police say the victims will officially be identified once the autopsies are completed.

___

Information from: WOOD-TV, http://www.woodtv.com

Source: Fox News National

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Ilhan Omar raises nearly $1M after controversies, tops other progressive Dems like AOC, Tlaib

Embattled Minnesota Democrat Ilhan Omar is beating other House Democrats by raising nearly $1 million, despite a series of anti-Semitic controversies that plagued the first three months in office.

Omar, who continues to face a controversy over comments in which she appears to describe the September 11, 2011 terror attacks as “some people did something,” has proven to be able to monetize in the wake of a backlash.

TRUMP BLASTS PELOSI, OMAR AFTER 9/11 VIDEO CONTROVERSY

According to Federal Election Commission filing on Monday, Omar raised $832,000 in the first quarter this year, a figure that is among the best compared to other Congressional Democrats.

By comparison, Rep. Alexandria Ocasio-Cortez, who’s been pushing the party leftwards, raised $725,000 in the first quarter – more than $100,000 less than Omar.

Rep. Rashida Tlaib, another progressive, raised $316,000, which is over half a million dollars less than Omar.

In February, Omar drew bipartisan uproar after suggesting that politicians in the U.S. were bought by AIPAC, a non-partisan organization that seeks to foster the relationship between the U.S. and Israel.

“It’s all about the Benjamins baby,” Omar wrote in a now-deleted tweet, suggesting the group pays U.S. politicians to support Israel. AIPAC denied Omar’s claims that they fund politicians.

ILHAN OMAR'S ISRAEL TWEETS THE LATEST IN LONG LINE OF CONTROVERSIAL COMMENTS

“Congresswoman Omar's use of anti-Semitic tropes and prejudicial accusations about Israel's supporters is deeply offensive.”

— House Speaker Nancy Pelosi

Omar issued an apology but reiterated a “problematic role of lobbyists” in politics, particularly AIPAC as well as the NRA and fossil fuel industry.

Just weeks later, Omar reignited the controversy once again, this time saying that supporters of Israel were pushing for U.S. politicians to declare “allegiance” to that nation.

“I want to talk about the political influence in this country that says it is OK for people to push for allegiance to a foreign country,” Omar said. “I want to ask why is it OK for me to talk about the influence of the NRA, of fossil fuel industries, or big pharma, and not talk about a powerful lobbying movement that is influencing policy?”

“I want to talk about the political influence in this country that says it is OK for people to push for allegiance to a foreign country.”

— Rep. Ilhan Omar

CLICK HERE FOR THE FOX NEWS APP

The FEC records show that Omar received over $415,000 from people who gave her less than $200. She also received larger donations from other Democrats, including from Ocasio-Cortez who gave her $2,000.

House Majority Whip Jim Clyburn, who caused a controversy of its own after defended Omar by saying that her experience was “more personal” than Jews whose parents survived the Holocaust, also donated $1,000 to Omar.

Source: Fox News Politics

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A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai
FILE PHOTO: A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas

April 26, 2019

By Manoj Kumar and Nidhi Verma

NEW DELHI (Reuters) – Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up.

For oil-import dependent India, higher global prices could lead to a weaker rupee, higher inflation, the ruling out of interest rate cuts and could further weigh on twin current account and budget deficits, economists warned.

But compounding the future pain, state-run fuel suppliers and retailers have held off passing on to consumers the higher prices during a staggered general election, which began on April 11 and ends on May 23, according to sources familiar with the situation.

That delay is expected to be unwound once the election is over. And there could be additional price increases to make up for losses or profits missed during the period of delayed increases, the sources said.

In some major Asian countries, such as Japan and South Korea, pump prices are adjusted periodically so they move largely in tandem with international crude prices.

That was what was supposed to happen in India but the election means there have been many days when pump prices have been unchanged.

In New Delhi, for example, while crude oil prices have gone up by nearly $9 a barrel, or about 12 percent, in the past six weeks, gasoline prices have only risen by 0.47 rupees a liter, or 0.6 percent.

State-controlled fuel suppliers and retailers declined to say why they had delayed price increases, or discuss whether there has been any pressure from the government of Prime Minister Narendra Modi.

A government spokesman declined to comment.

The opposition Congress party said Modi’s government was violating its own policy of daily price revision by advising the state oil companies to hold prices steady.

“The government should cut fuel taxes otherwise consumers will have to pay much higher oil prices once the elections are over,” said Akhilesh Pratap Singh, a senior leader of the Congress party.

(GRAPHIC: India Polls: Fuel price hike lags crude surge – https://tmsnrt.rs/2XLlxik)

Nitin Goyal, treasurer at the All India Petroleum Dealers Association, representing fuel stations in 25 states, said prices were similarly held down for 19 days in the southern state of Karnataka last year, when it held state assembly elections.

Only for them to surge after the vote.

“Consumers should be ready for a rude shock of a massive jump in retail prices, similar to the level we have seen in the Karnataka state election,” Goyal said.

‘CREDIT NEGATIVE’

Sri Paravaikkarasu, director for Asia oil at Singapore-based consultancy FGE, said retail prices of gasoline and gasoil prices would have been up to 6 percent, or about 4 rupee, higher if they had been allowed to rise in line with global prices.

“Indian pump prices have failed to keep up with the recent uptrend in crude prices,” Paravaikkarasu said.

“With the country’s general elections underway, the incumbent government has been keeping pump prices relatively unchanged.”

India had switched to a daily price revision in June 2017 from a revision every two weeks, as the government allowed retailers to set prices.

But the government faced protests last October when retailers raised prices by up to 10 rupees a liter after the crude oil price went above $80 a barrel, forcing it to cut fuel taxes.

Global prices rose to their highest level in 2019 on Thursday, days after the United States announced all Iran sanction waivers would end by May, pressuring importers including India to stop buying Tehran’s oil. [O/R]

Higher oil prices will mean Asia’s third largest economy is likely to see growth of less than 7 percent rate this fiscal year, economists said. Growth slowed to 6.6 percent in the October-December quarter, the slowest in five quarters.

Rating agency CARE has warned that a 10 percent rise in global oil prices could increase demand for dollars, putting pressure on the rupee and widening the current account deficit.

India’s oil import bill rose by nearly one-third in the fiscal year ending March 31 to $140.5 billion, against $108 billion the previous year.

“The increase in international oil prices is a credit negative for the Indian economy,” ICRA, the Indian arm of the Fitch rating agency, said in a note.

“Every $10/ bbl increase in crude oil prices increases the fiscal deficit by about 0.1 percent of GDP.”

Any big price rise would also build a case for the central bank to keep rates steady, or even raise them.

The Reserve Bank of India’s Monetary Policy Committee, which cut the benchmark policy repo rate by 25 basis points this month, warned that rising oil and food prices could push up inflation.

Policymakers are worried that a sustained increase in the oil price in the range of $70-75/barrel or higher can move the rupee down by 3-4 percent on an annual basis.

The rupee has depreciated by 1.24 percent against the dollar since a year high in mid-March.

($1 = 70.1800 Indian rupees)

(Reporting by Manoj Kumar and Nidhi Verma; Editing by Martin Howell and Rob Birsel)

Source: OANN

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FILE PHOTO: Uber's logo is displayed on a mobile phone in London, Britain
FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File Photo

April 26, 2019

(Reuters) – Ride-hailing company Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors it would seek to sell as much as $10.35 billion in stock at a valuation of up to $91.5 billion.

In a regulatory filing, Uber set a target price range of $44-$50 per share for its IPO. The company will sell 180 million shares in the offering, with a further 27 million sold by insiders.

In the filing, Uber also reported a net loss attributable to the company for the first quarter of 2019 of around $1 billion and revenues of roughly $3 billion.

(Reporting by Joshua Franklin; editing by Patrick Graham)

Source: OANN

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FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai
FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, April 18, 2019. REUTERS/Francis Mascarenhas/File Photo

April 26, 2019

By Aditi Shah and Abhirup Roy

NEW DELHI/MUMBAI (Reuters) – The grounding of India’s Jet Airways is turning into a quick windfall and long-term opportunity for international airlines keen to scoop up nearly a million outbound passengers from what was once the nation’s biggest airline.

Jet, which previously had a fleet of around 120 largely Boeing Co planes, was forced to indefinitely halt all flight operations on April 17 after its banks rejected the carrier’s plea for emergency funds.

The carrier’s descent into crisis has benefited international airlines in the form of rising fares and demand, data showed.

Fares from India to cities such as Dubai, London, New York, Singapore and Bali in the first quarter of 2019 rose between 4 percent and 32 percent from a year ago, according to Indian travel portal MakeMyTrip Ltd.

In the peak travel months of May and June, fares to London have spiked as much as 36 percent and tickets to San Francisco are up nearly 20 percent from a year ago, according to data from travel portal Yatra.com.

“For the next three months it’s actually bonanza time for international players,” said Ashish Nainan, a research analyst at CARE Ratings. “At least until the middle of June, the fares are not going to come down.”

Due to rising demand, even before Jet’s lessors grounded planes, carriers such as British Airways, Cathay Pacific Airways Ltd, Singapore Airlines Ltd and United Airlines saw an up to a 27 percent increase in passenger numbers from India in the last quarter of 2018, data from India’s aviation regulator showed. That is the latest period for which the data is available.

India is one of the world’s fastest-growing aviation markets, clocking 15-20 percent domestic growth in recent years. It has long had only two full-service long-haul carriers, state-run Air India and Jet.

Jet is now hoping to be bailed out by a new investor, with final bids due on May 10.

INCREASING CAPACITY

Before its grounding, Jet had the biggest share of India’s outbound international air traffic, carrying 12 percent of the 7.8 million passengers headed overseas in the Oct-Dec quarter, down from 14 percent a year earlier, data from the Directorate General of Civil Aviation showed.

For an interactive graphic on Jet’s market share, click https://tmsnrt.rs/2WvDQYi

For an interactive graphic on average daily flights by the airline, click https://tmsnrt.rs/2FeFDel

The total number of passengers traveling overseas with Jet fell 10 percent during the last quarter of 2018 even as the outbound travel market grew about 5 percent.

Meanwhile, Singapore Airlines posted a 27 percent increase in passengers from India, Cathay registered 17 percent growth and British Airways saw a 10 percent rise in the same period.

Cathay said the events at Jet combined with increasing demand for travel had led it to deploy larger aircraft with more seats on some Indian routes.

“In the long term we would certainly like to be able to offer more capacity into India, not just on our existing routes but by establishing new services to secondary cities,” Cathay said in a statement.

Singapore Airlines, in an email to Reuters, said the Indian market is “very promising” but declined to give details of airfare levels or demand patterns in the wake of Jet’s exit, citing a quiet period before the release of its annual results.

DOMESTIC GAINS

Jet’s grounding has also had a big impact on the domestic market, with inter-city air fares to major cities such as New Delhi, Mumbai, Bengaluru and Kolkata soaring more than 20 percent in May and June, according to Yatra.com.

The spike in fares is expected to underpin strong earnings for IndiGo and SpiceJet Ltd, which are set to report results for the quarter ended March 31 in the coming weeks.

“Domestic Indian carriers are the main benefactors, but I suspect if Jet fails to be revived by May 10 then Vistara and other airlines that ply international routes, particularly the lucrative Gulf market, are the main winners,” said Shukor Yusof, the head of aviation consultancy Endau Analytics. Vistara is a joint venture of India’s Tata Sons and Singapore Airlines.

Inadequate bilateral traffic rights between India and other countries, however, could be an impediment to foreign carriers’ hopes of winning business lost by Jet, some analysts said.

“Even before Jet’s operational shutdown, international capacity was significantly constrained,” said Kapil Kaul, CEO for South Asia of consultancy CAPA. “We have now more serious capacity challenge … this is unlikely to be stabilized in the near term.”

A new national government likely to be in place sometime after elections end in May is expected to address the international capacity constraints, and once bilateral agreements are eased airlines including Emirates, Turkish and Qatar would immediately benefit, said Kaul.

“We would love to add more flights but we are at the limit of the allocation granted to us for traffic rights,” Emirates Chief Commercial Officer Thierry Antinori told reporters in Dubai on Wednesday.

(Additional reporting by Alexander Cornwell in Dubai, Jamie Freed in Singapore and Tanvi Mehta in Mumbai; Editing by Muralikumar Anantharaman)

Source: OANN

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FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the NYSE in New York
FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 8, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Pushkala Aripaka and Ankur Banerjee

(Reuters) – AstraZeneca Plc beat first-quarter sales and earnings expectations on Friday as the British drugmaker benefited from a push into cancer drugs and emerging markets including China.

Newer treatments such as lung cancer drug Tagrisso, now the company’s top selling medicine, have helped the drugmaker’s return to growth after years of crumbling sales due to patent losses on older drugs.

Sales in China have shown explosive growth, more than doubling since 2012, but AstraZeneca executives on Friday said that may not be sustained.

“The enormous growth you currently see in China, 28 percent, probably is not sustainable, but we feel very bullish that the growth will continue to be at a pace of between 15 percent and 20 percent,” Ruud Dobber, executive vice president, BioPharma, told Reuters.

Shares of the company were down 0.2 percent at 5,878 pence at 1031 GMT.

The turnaround in AstraZeneca’s fortunes has been powered by a push into cancer treatments led by Chief Executive Pascal Soriot, who saw off a 2014 takeover bid from Pfizer in part by promising annual sales of $45 billion by 2023.

In the first quarter, sales from its oncology unit rose 59 percent to $1.89 billion, accounting for 35 percent of total product sales.

The company has moved deeper into cancer therapy market through wide-ranging deals, including those for immunotherapy and targeted therapy. Last month, it agreed a multi-billion dollar oncology deal with Japan’s Daiichi Sankyo Co Ltd.

Interactive graphic on AZN’s top 10 drugs by sales – https://tmsnrt.rs/2W5XIRX

“We’re reaching that point where after years of having to keep faith, we have actually got something tangible to believe in,” Hargreaves Lansdown analyst Nicholas Hyett said.

AstraZeneca also backed its annual sales and earnings forecast and said it has extensively prepared for UK’s anticipated exit from the European Union, even in the event of a no-deal exit.

The company has already spent more than 40 million pounds ($52 million) on Brexit preparations, including stockpiling six weeks’ worth of drugs in the UK and four weeks in continental Europe to guard against shortages.

AstraZeneca said product sales rose 14 percent at constant currency to $5.47 billion in the quarter, led by its lung cancer drug Tagrisso and respiratory treatment Pulmicort.

Interactive graphic on AZN’s quarterly oncology sales – https://tmsnrt.rs/2W9tbCD

China sales increased by 28 percent to $1.24 billion in the quarter, accounting for nearly a quarter of overall product sales.

Core earnings came in at 89 cents per share in the quarter. Analysts on average were expecting core earnings of 85 cents per share and product sales of $5.29 billion, according to a company provided consensus of 19 analysts.

(Reporting by Pushkala Aripaka and Ankur Banerjee in Bengaluru; Editing by Bernard Orr/Keith Weir)

Source: OANN

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Source: InfoWars

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