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Business

Shionogi Shares Surge as Cost Discipline Drives Profits Higher Than Sales

Japanese pharmaceutical firm Shionogi & Co. reported robust nine-month results, with net income growth significantly outpacing revenue increases. The performance highlights the company's effective cost management and strategic portfolio shifts, though analysts caution that future growth hinges on key pipeline products and regulatory approvals.

Business

NIO Surpasses One Million Vehicle Deliveries, Fueling Debate on Global Ambitions and Tech Strategy

Chinese electric vehicle maker NIO has achieved a significant milestone by delivering its one-millionth vehicle, reporting a near-doubling of January sales year-over-year. The company is simultaneously accelerating its global footprint with new market entries in Central Asia and Europe, while rolling out major software upgrades to its existing fleet. This multi-front expansion comes as the global EV sector grapples with intensifying competition and shifting regulatory landscapes.