Stock Markets

SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of AstraZeneca

Published

2 days ago

January 5, 2025

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In AstraZenecaTo Contact Him Directly To Discuss Their Options

If you suffered losses exceeding $100,000 in AstraZeneca (NASDAQ:) between between February 23, 2022 and December 17, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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New York, New York–(Newsfile Corp. – January 4, 2025) – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against AstraZeneca PLC (LON:) (“AstraZeneca” or the “Company”) (NASDAQ: AZN) and reminds investors of the Feb. 21, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that (1) AstraZeneca engaged in insurance fraud in China; (2) as a result, AstraZeneca faced heightened legal exposure in China, which eventually resulted in the AstraZeneca China President being detained by Chinese law enforcement authorities; (3) as a result, AstraZeneca understated its legal risks; (4) the foregoing, once revealed, could materially harm AstraZeneca’s business activities in China; and (5) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On October 30, 2024, AstraZeneca announced that Leon Wang, Executive Vice President International and AstraZeneca China President, was “cooperating with an ongoing investigation by Chinese authorities.”

On this news, AstraZeneca American Depositary Shares (“ADS”) fell 3.1% on October 30, 2024.

Then, on November 5, 2024, Yicai Global published an article entitled “AstraZeneca Insurance Fraud Involves Dozens of Senior Executives in China, Source Says.” This article stated that “[d]ozens of senior executives at AstraZeneca China have been implicated in an ongoing insurance fraud case as of last week, according to a person familiar with the matter.” Further, it stated that “[o]ver the past three years, insurance fraud cases involving AstraZeneca have surfaced in Shenzhen as well as the provinces of Fujian and Jiangxi. [. . .] These cases amount to the largest insurance fraud in the nation’s pharmaceutical sector for years, a person familiar with the matter pointed out.”

On this news, AstraZeneca ADSs fell a further 7.2% on November 5, 2024.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding AstraZeneca’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236013

Stock Markets

Hamas says it has approved Israeli list of 34 hostages for possible deal

Published

20 hours ago

January 6, 2025

CAIRO (Reuters) – Palestinian militant group Hamas has approved a list of 34 hostages presented by Israel to be exchanged in a possible ceasefire deal, a group official told Reuters on Sunday.

The official, who spoke on condition of anonymity because of the sensitivity of the matter, also reiterated that any deal is contingent upon reaching an agreement on an Israeli withdrawal from Gaza and a permanent ceasefire.

Stock Markets

Israeli strikes kill 14 people in Gaza, mediators strive for a truce deal

Published

20 hours ago

January 6, 2025

By Nidal al-Mughrabi and Dawoud Abu Alkas

CAIRO/GAZA (Reuters) -Israeli airstrikes killed at least 14 Palestinians in three separate attacks in the Gaza Strip on Sunday, taking the weekend death toll to 102, Palestinian medics said, as U.S. and Arab mediators stepped up efforts to conclude a ceasefire deal.

Health officials said an Israeli airstrike killed five people in a house in the Nuseirat camp in central Gaza, while another airstrike killed four others in Jabalia in the northern edge of the enclave, where Israeli forces have been operating for three months.

Later on Sunday, an Israeli airstrike hit a police station in Khan Younis in southern Gaza, killing five people, medics said. It was not immediately clear if all the dead were policemen.

The Israeli military said it struck Hamas militants operating from the humanitarian area in Khan Younis, and an Islamic Jihad militant who carried out attacks from the humanitarian area in Dier al-Balah.

Earlier on Sunday, the health ministry of Hamas-run Gaza said Israeli strikes across the territory had killed at least 88 Palestinians and wounded more than 200 others in the past 24 hours.

In Gaza City’s Sheikh Radwan neighbourhood, relatives and neighbours rushed to the Zuhd family’s house, which was struck by an Israeli airstrike late on Saturday, killing seven people, medics said. The search continued on Sunday morning for four others believed to be trapped under the rubble.

A hand belonging to one of the dead could be seen amongst the ruins, with the rest of his body buried under collapsed masonry. Three men removed dirt with their bare hands to retrieve bodies and search for possible survivors.

“Three young men, the son’s wife, and three children are still here. We retrieved this cousin of mine. Another cousin has been martyred and is now in the hospital. Approximately 11 people have been martyred here,” Ammar Zuhd, a relative, told Reuters.

ISRAEL SAYS DOZENS OF HAMAS MILITANTS KILLED

The Israeli military said in a statement on Sunday that its forces had attacked more than 100 targets across Gaza over the weekend, killing dozens of Hamas militants. It said it had also destroyed rocket launching sites that had been used to wage attacks on Israel in recent days.

Later on Sunday, it said it killed an Islamic Jihad militant last week in the Jabaliya area of northern Gaza. Sa’ed Saeed Zaki Dahnoun participated in the Oct. 7 cross-border attack on Israel, the military said.

A renewed push is underway to reach a ceasefire in the war between Israel and Hamas, and return Israeli hostages who were taken to Gaza, before U.S. President-elect Donald Trump takes office on Jan. 20.

Israeli negotiators were dispatched on Friday to resume talks in Doha brokered by Qatari and Egyptian mediators, while U.S. President Joe Biden’s administration, which is helping to mediate, urged Hamas to agree to a deal.

Hamas said it was committed to reaching an agreement as soon as possible, but it was unclear how close the two sides were.

Israel launched its assault on Gaza in response to an Oct. 7, 2023 attack by Hamas militants on communities in southern Israel, killing about 1,200 people and taking about 250 hostages, according to Israeli tallies.

Israel’s military campaign, with the stated goal of eradicating Hamas, has leveled swathes of the enclave, driving most people from their homes, and has killed 45,805 Palestinians, according to the Gaza health ministry.

(Reporting and writing by Nidal al-Mughrabi. Additional reporting by Dawoud Abu Alkas in Gaza and Maytaal Angel in Jerusalem; Editing by Sharon Singleton and Emelia Sithole-Matarise)

Stock Markets

Massive winter storm to clobber U.S. from Plains to East Coast

Published

20 hours ago

January 6, 2025

By Rich McKay

(Reuters) – Millions of Americans from the Plains to the East Coast faced the threat of blizzards, heavy snow, treacherous ice and freezing rain through Monday, the National Weather Service said on Saturday.

Governors in Kentucky and Virginia declared states of emergency ahead of the winter storm.

“The storm is still taking shape,” meteorologist Rich Bann of the NWS’s Weather Prediction Center said Saturday evening. “But this thing has multiple hazards from heavy snows in the Plains to significant icing covering roads farther south.”

He added that more than 60 million people in the U.S. were affected by winter weather warnings, watches or advisories this weekend.

A swath extending eastward from Nebraska and Kansas through Ohio, Indiana, southwestern Pennsylvania and northwestern Virginia could see from 1 inch (2.54 cm) to 1 foot (30 cm) of snow. Ice could knock out power lines and cause widespread outages.

A wintry mess of freezing rain and ice will hit southern Missouri, Kentucky and Tennessee on Sunday, Bann said, likely making roads hazardous and downing power lines.

“It’ll be nearly impossible to drive in some areas,” he said.

The Kansas City International Airport in Missouri closed temporarily on Saturday afternoon due to rapid ice accumulation, officials said on social media.

Bann said that the storm should move past the East Coast and into the Atlantic Ocean by late on Monday, but a new blast of Arctic air will bring frigid cold to the eastern two-thirds of the U.S. by the middle of next week.