Google to Move All Pixel Production Out of China by 2027 
Goldman Sachs Names 9 Top Japanese Semiconductor and Electronics Stocks 
SEC Sues Former Tricolor Executives Over $1.9 Billion Investor Fraud Scheme 
Anthropic Eyes $10B-Plus Credit Line Ahead of Potential IPO 
Toyota, Honda Shares Rise on Possible U.S.-Canada Auto Tariff Cut 
Moody’s Affirms NVIDIA Aa1 Rating as AI Data Center Guarantees Reach $105 Billion 
Alibaba Sells Lingxi Games for Over $1.5 Billion Amid AI Push 
Hermès Stock Downgraded by RBC as Luxury Growth Premium Narrows 
Moody’s Upgrades Vodafone Hybrid Debt Ratings to Baa3 
Shein Targets $26B-$27B Valuation for Hong Kong IPO 
OpenAI Revenue Rises 18% in Q2 as Losses Widen and Anthropic Surges Ahead 
Moderna Short Sellers Hit With $4.8 Billion Loss as Stock Soars 
BofA Sees Micron EPS Topping $230 by 2030, Backs Major Stock Upside 
Sun Pharma Wins U.S. Appeal in Pfizer Lipitor Antitrust Case 
OpenAI Tightens AI Safety Monitoring After Security Incidents 
Unitree Robotics Shares Soar Over 600% in Shanghai Market Debut 
Add as a preferred source on Google
Due to the brisk demand for instant food products, South Korean food conglomerates enjoyed two-digit profit growth in the first quarter.
In the first quarter, CJ Cheiljedang Corp.'s operating profit grew 54.1 percent on-year to 275.9 billion won, with sales increasing by 16.2 percent to 5.83 trillion.
South Korea's leading instant noodle maker Nongshim Co. saw its sales jump 16.8 percent to 687.7 billion won with operating profit soaring 101.1 percent to 63.6 billion won.
Meanwhile, major ramyeon maker Samyang Foods Co., pushed its operating profit 73 percent from last year to 26.6 billion won. At the same time, snack manufacturer Orion Corp. enjoyed a quarterly operating profit of 97 billion won, a 25.5 percent hike from a year earlier.
NH Investment & Securities Co. analyst Cho Mi-jin expects a short-term performance hike for the COVID-19-induced demand for home-cooked meals while projecting a longer-term expansion of home meal replacement products.
Cho also attributed the increased demand for fast-and-easy box meals to the increasing e-commerce channels.
From the start of the year to Friday, stock prices for the food and beverage industry went up 15.64 percent from January 1 to Friday, marking a steep contrast from the 5.86 percent drop in the same period last year. The sector's performance was second only to the 25.55 percent posted by the medical industry.
