Swiggy Ltd. $SWIGGY.NS, India’s food delivery platform, recorded its strongest weekly stock performance in a year, gaining over 9% amid signs of stabilization in its quick commerce unit and improving fundamentals in its main delivery business. The stock's five-week rally is the longest since its November IPO, signaling a potential inflection point after months of volatility.
Volkswagen AG $VOW3.DE is actively exploring the establishment of vehicle production facilities in Egypt. The German automaker seeks new growth opportunities in Africa as domestic demand within the European market shows signs of fatigue. Martina Biene, Managing Director of Volkswagen Group Africa, confirmed the interest in Egypt as a strategic manufacturing base and underscored the company’s intention to present an official proposal in the near future.
AstraZeneca Plc $AZN has advanced its position in the oncology sector with recent clinical trial results for its experimental breast cancer pill, camizestrant. This investigational agent, administered in combination with established cancer drugs, delivered a significant extension in progression-free survival (PFS) among women with certain breast tumor types. According to the latest data, the camizestrant regimen achieved a median of 16 months without disease progression, compared to just 9.2 months for existing standard treatments.