{"id":63919,"date":"2026-06-29T02:38:17","date_gmt":"2026-06-29T06:38:17","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/astrazeneca-secures-eu-regulatory-wins-as-prosus-beats-earnings-estimates\/63919\/"},"modified":"2026-06-29T02:38:17","modified_gmt":"2026-06-29T06:38:17","slug":"astrazeneca-secures-eu-regulatory-wins-as-prosus-beats-earnings-estimates","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/astrazeneca-secures-eu-regulatory-wins-as-prosus-beats-earnings-estimates\/63919\/","title":{"rendered":"AstraZeneca Secures EU Regulatory Wins as Prosus Beats Earnings Estimates"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>AstraZeneca (<a href=\"\/stock\/AZN\">AZN<\/a>)<\/strong> secured major regulatory milestones in the EU, receiving approval for <strong>Enhertu<\/strong> in HER2-positive solid tumors and a recommendation for <strong>Datroway<\/strong> in triple-negative breast cancer (TNBC).<\/li>\n<li><strong>Prosus (<a href=\"\/stock\/PRX\">PRX<\/a>)<\/strong> outperformed market expectations for FY 2026, reporting a <strong>Core Headline EPS of $3.78<\/strong>, beating the $3.75 analyst estimate.<\/li>\n<li><strong>Toyota (<a href=\"\/stock\/TM\">TM<\/a>)<\/strong> global sales fell <strong>7.2% in May<\/strong>, marking the fourth consecutive month of decline as the automaker struggles with <strong>weak demand in China<\/strong>.<\/li>\n<li><strong>SK Hynix (<a href=\"\/stock\/000660\">000660<\/a>)<\/strong> shares staged a dramatic intraday recovery, erasing an <strong>initial 5.8% loss<\/strong> to move into positive territory by the session close.<\/li>\n<li><strong>Iran and Oman<\/strong> initiated high-level discussions regarding the <strong>Strait of Hormuz<\/strong>, focusing on future management and sovereign rights over the critical oil transit chokepoint.<\/li>\n<\/ul>\n<p><strong>AstraZeneca (<a href=\"\/stock\/AZN\">AZN<\/a>)<\/strong> announced a double victory in the European <a href=\"https:\/\/stockmarketwatch.com\/live\/stock-market-today\" data-internallinksmanager029f6b8e52c=\"6\" title=\"Stock Market Today\">market today<\/a>. The European Union officially approved <strong>Enhertu<\/strong> for the treatment of <strong>HER2-positive solid tumors<\/strong>, expanding its reach beyond specific organ-based indications. Additionally, the company\u2019s drug <strong>Datroway<\/strong> received a formal recommendation for EU approval for patients with <strong>triple-negative breast cancer (TNBC)<\/strong>.<\/p>\n<p>Global investment group <strong>Prosus (<a href=\"\/stock\/PRX\">PRX<\/a>)<\/strong> released its FY 2026 earnings report, showing resilience in its core operations. The company reported <strong>Adjusted EBIT of $619 million<\/strong>, significantly higher than the <strong>$554 million<\/strong> projected by analysts. <em>Market sentiment remains positive as the firm\u2019s Adjusted EBITDA reached $1.05 billion, surpassing the $947.3 million consensus.<\/em><\/p>\n<p><strong>Toyota (<a href=\"\/stock\/7203\">7203<\/a>)<\/strong> continues to face headwinds in the Asian market, with May global sales dropping <strong>7.2%<\/strong>. This decline is largely attributed to <strong>stagnating demand in China<\/strong>, where local EV competitors continue to gain market share. <em>This represents the fourth straight month of volume contraction for the world&#39;s largest automaker.<\/em><\/p>\n<p>In the technology sector, <strong>SK Hynix (<a href=\"\/stock\/000660\">000660<\/a>)<\/strong> saw high volatility as its stock price swung from a <strong>5.8% deficit<\/strong> to a net gain. Amidst the trading activity, the semiconductor giant emphasized the need for <strong>stronger workforce education systems<\/strong> in the southwest region to support the evolving AI chip manufacturing landscape.<\/p>\n<p>Geopolitical tensions and maritime management were also in focus as <strong>Iran\u2019s Deputy Foreign Minister Gharibabadi<\/strong> met with Omani officials in Muscat. The inaugural <strong>Iran-Oman committee meeting<\/strong> addressed the management of the <strong>Strait of Hormuz<\/strong> under the framework of the Islamabad Memorandum of Understanding. <em>The discussions are critical for global energy markets, given the strait&#39;s role as a primary artery for global oil supply.<\/em><\/p>\n<p>On the macroeconomic front, <strong>Sweden<\/strong> reported a significant turnaround in its trade position for May. The nation\u2019s <strong>Trade Balance hit 2.9 billion SEK<\/strong>, a sharp recovery from the <strong>7.3 billion SEK deficit<\/strong> recorded in the previous period. Meanwhile, in the Asia-Pacific region, Australia\u2019s <strong>ASX 200 (<a href=\"\/stock\/XJO\">XJO<\/a>)<\/strong> closed the session <strong>0.7% higher at 8,823.40 points<\/strong>, buoyed by gains in the financial and mining sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways AstraZeneca (AZN) secured major regulatory milestones in the EU, receiving approval for Enhertu in HER2-positive solid tumors and 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