Mr. Pedersen said the investment firm, which has some €223 billion ($261.8 billion) under management, pulled around €40 million from JBS following a separate decision last year to not buy more into the company. The move comes as JBS continues to face allegations of fueling deforestation by purchasing cattle from protected lands in the Amazon rainforest. In June, nonprofit Greenpeace said that JBS—along with other Brazilian meat producers—had bought cattle from a farm that sourced the animals...

Regeneron Pharmaceuticals Inc. profit surged above Wall Street's expectations in the latest quarter on the back of collaborations with other pharmaceutical giants. The Tarrytown, N.Y.-based drugmaker posted earnings of $897.3 million, or $7.61 a share, in the second quarter, compared with $193.1 million, or $1.68 a share, a year ago. Earnings came in above the $5.91 a share analysts polled by FactSet had expected. Sales were $1.95 billion in the quarter, up from $1.58 billion a year prior....

Comerica Inc. returned to a profit in the latest quarter and posted earnings above Wall Street's expectations, buoyed by loan and deposit growth that drove average balances to record highs and offset lower interest rates. The Dallas, Texas-based bank on Tuesday reported earnings of $113 million, or 80 cents a share, in the second quarter, compared with a profit of $298 million, or $1.94 a share, a year ago. Analysts polled by FactSet had expected 21 cents a share. The lender reported net...

Check Point Software Technologies Ltd.'s profit and sales grew in the second quarter, but profits were below Wall Street's expectations. The San Carlos, California-based cybersecurity company Wednesday reported earnings of $196.4 million, or $1.38 a share in the quarter ended June 30, up from $185.5 million, or $1.21 a share, a year earlier. This was below the $1.43 a share consensus among analysts polled by FactSet. Check Point posted sales of $505.6 million compared with $488.1 million....

The Bank of Nova Scotia said Tuesday that profit fell in the latest quarter after the pandemic "significantly impacted" its business, forcing it to set aside cash to cover problem loans. The Toronto-based bank, which operates as Scotiabank, reported profit of C$1.31 billion ($94 million), or C$1 a share, down from C$2.19 billion, or C$1.73 a share, a year ago. Adjusted earnings were C$1.04, in line with what analysts polled by FactSet had forecasted. The bank reported net interest income of...