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Novartis buys Regulus Therapeutics, deal expected to hit $1.7 bln 05/02/2025

U.S. Tariffs Force Chinese Factories to Halt Production and Hunt for New Markets 04/28/2025

Americans Fear Repetition of 2008 Financial Crisis as Tariff War Intensifies 04/28/2025

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Business & Finance

Deutsche Boerse to start buying back its shares for €300M in Q1 2024

Deutsche Boerse AG, the operator of one of Europe's main stock exchanges, has announced a €300 million share buyback program. The buyback will begin in the first quarter of next year, according to the company's press release. Furthermore, Deutsche Boerse stated that it plans to pay 30-40% of its...

Citigroup to pay $25.9M for discriminating against Armenian Americans

Citigroup Inc., a US bank, will be fined and compensated $25.9 million for discriminating against Armenian Americans when issuing credit cards. Citi declined to provide credit cards to Armenian-Americans between 2015 and 2021, according to the Consumer Financial Protection Bureau (CFPB). Citi...

For Which Offences Was Sam Bankman-Fried Found Guilty?

Earlier this week Sam Bankman-Fried was found guilty of fraud and conspiracy in connection with the demise of FTX, the defunct cryptocurrency exchange he founded and oversaw. The former billionaire, 31, has entered a not guilty plea. An explanation of the seven counts, all of which...

Beyond Meat to cut 19% of jobs

The US company Beyond Meat, which makes plant-based meat substitutes, has lowered its sales projection for 2023 after revealing that its Q3 results fell short of expectations. To save operating expenses, the corporation plans to eliminate 19% of non-manufacturing positions. Preliminary sales for...

Evergande given last chance to present debt restructuring plan

China’s Evergrande, a Chinese real estate developer, has been granted one final opportunity to reorganize its debt. According to MarketWatch, the Hong Kong court has given the company time till December 4 to produce a new debt restructuring plan before reconsidering its liquidation. Judge Linda...

Following Encouraging Results, The Combined Covid And Flu Vaccine From Pfizer To Proceed To The Final Stage

Pfizer has declared that following encouraging preliminary findings in an early to mid-stage investigation, its combination vaccine candidates targeting Covid and the flu will advance to a final-stage trial in the upcoming months. This brings the multinational pharmaceutical company and...

Healthcare Firms Allay Investor Concerns Regarding The Wegovy Impact

Healthcare organisations that make money from treating patients who are overweight or obese are attempting to persuade investors that potent new medications for weight loss won't negatively impact their operations. Because Novo Nordisk's Wegovy and other similar medications are so...

PIF, Pirelli to open tires plant in Saudi Arabia in 2026

According to the Italian corporation, Pirelli and Saudi Arabia's Public Investment Fund (PIF) have inked a joint venture deal to establish a tire production facility in the country. The venture is scheduled to begin operations in 2026. PIF will own seventy-five percent of the joint venture (JV),...

China Instructs Taiwanese Businesses To Foster Friendly Relations Amid The Foxconn Probe

Amid an investigation into key Apple supplier Foxconn, China's government stated on Wednesday that Taiwanese enterprises should take up their social obligations and play a "positive role" in fostering the peaceful development of relations across the Taiwan Strait. The front-runner for...

Beijing Considers Postponing The $69 Billion Clearance Of VMware-Broadcom Agreement

Beijing is considering delaying the $69 billion acquisition of cloud computing startup VMware Inc. by American chipmaker Broadcom Inc., the Financial Times reported on Thursday, citing three people with knowledge of the situation. According to the article, China's State Administration of...