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Delta Air Lines (DAL.N) shares turned lower in pre-market trading.July 10th - Due to continuous heavy rainfall, the disaster situation in Guangxi has further worsened. The National Disaster Prevention, Mitigation and Relief Committee has raised Guangxis emergency response level from Level IV to Level III. To thoroughly implement General Secretary Xi Jinpings important instructions on flood control and disaster relief, in addition to the 110 million yuan pre-allocated on July 6th, the Ministry of Finance and the Ministry of Emergency Management urgently pre-allocated another 80 million yuan in central natural disaster relief funds on July 10th. This funding will support Guangxi in focusing on the relocation and resettlement of affected people, transitional living assistance, and the repair of damaged houses, effectively ensuring the basic living needs of the affected population. The Ministry of Finance has instructed the Guangxi Finance Department to expedite the disbursement of funds to the disaster area, ensuring the effective use of the pre-allocated funds; to strengthen the supervision of disaster relief funds, resolutely preventing any irregularities such as fund retention, misappropriation, or diversion, and ensuring that all disaster relief funds are used for the disaster area and the affected people.On July 10th, Hansoh Pharmaceutical (03692.HK) announced that its independently developed B7-H3 targeted antibody-drug conjugate, HS-20093, met the primary endpoint of overall survival (OS) in the pivotal Phase III clinical trial (ARTEMIS-008) for patients with small cell lung cancer that had progressed or relapsed after platinum-based therapy. At the pre-specified interim analysis, HS-20093 showed a statistically and clinically significant improvement in OS compared to topotecan, and consistent benefit was also observed in the secondary endpoint of progression-free survival (PFS). The safety profile was consistent with previous studies. The company will soon begin communication with regulatory agencies to advance preparations for its new drug application in China.The Reserve Bank of India reported that as of July 3, gold reserves stood at $105.21 billion, up from $102.54 billion the previous week.Spanish national gas company: In June, liquefied natural gas accounted for 50.7% of natural gas imports, while pipeline natural gas accounted for 49.3%.

T-Mobile announces a $14 billion buyback of its shares

Aria Thomas

Sep 09, 2022 10:32

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T-Mobile US (NASDAQ:TMUS) Inc. announced on Thursday a $14 billion share repurchase program that would run through September of next year in an effort to reward shareholders for outperforming competitors.


In after-hours trading, its shares rose 2.8% to $149.47. Compared to rivals AT&T (NYSE:T) and Verizon (NYSE:VZ20.5%), the stock has risen by 25.3% so far this year, while both have fallen by 9.7%.


T-free Mobile's cash flow is expected to increase in the next years, according to industry analysts, as expenses related to the acquisition of rival Sprint Corp decline and more customers sign up for the telecom company's 5G networks at competitive prices.


The announcement of the repurchase comes one day after T-Mobile announced the sale of its landline business to Cogent Communications Holdings Inc in order to concentrate more on 5G.


The company intends to fund the repurchases with cash on hand and revenues from one or more loan offerings or other borrowings.


T-Mobile management stated during last year's investor day that the company anticipated free cash flow growth to finance $60 billion in stock buybacks between 2023 and 2025.