Philips shares jump 10.5% as second-quarter sales grow despite China weakness

Philips shares jump 10.5% as second-quarter sales grow despite China weakness

The Philips office building in Warsaw, Poland, on July 29, 2021. Nurphoto | Nurphoto | Getty Images Shares of Dutch device maker Philips jumped more than 10.5% in early deals Monday after the company reported better-than-expected second-quarter earnings. The stock pared gains slightly to trade up 10.45% by 9:32 a.m. London time. Comparable group sales … Read more

Philips shares rocket 46% as firm settles U.S. respiratory device case

Philips shares rocket 46% as firm settles U.S. respiratory device case

Philips office building in Warsaw, Poland on July 29, 2021. Nurphoto | Nurphoto | Getty Images Philips shares soared to a more than two-year high Monday after the Dutch medical devices giant agreed a $1.1 billion settlement in the U.S. for personal injury cases linked to the recall of some of its sleep apnea devices. Millions … Read more

Google partners with Bayer on new AI product for radiologists

Google partners with Bayer on new AI product for radiologists

Google Cloud and the German health-care company Bayer on Tuesday announced they are building an artificial intelligence-powered platform that aims to help radiologists diagnose patients and work through cases more quickly.  The platform’s generative AI flags anomalies within images for radiologists to look at, and it can also pull up relevant information from that patient’s … Read more