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GE HealthCare in talks over possible $1 billion deal for Sofie Biosciences, FT reports
2+ hour, 14+ min ago (160+ words) Sept 13 (Reuters) – GE HealthCare Technologies is in talks over a possible $1 billion deal to buy radiopharmaceutical developer Sofie Biosciences, the Financial Times reported on Sunday citing people familiar with the matter. • A deal for Sofie, which specializes in radioactive chemicals…...
AstraZeneca’s breast cancer pill fails in late-stage trial
2+ day, 5+ hour ago (301+ words) Sept 11 (Reuters) – AstraZeneca’s breast cancer pill failed to meet the main goal of improving progression-free survival in a late-stage trial, the company said on Friday, a week after the treatment received U.S. approval. U.S.-listed shares of AstraZeneca…...
Tencent-backed Enflame triples in Shanghai debut as China AI chip bets surge
2+ day, 11+ hour ago (444+ words) By Yantoultra Ngui and Samuel Shen HONG KONG/SHANGHAI, Sept 11 (Reuters) – Chinese artificial intelligence chipmaker Shanghai Enflame Technology surged about 200% in its Shanghai debut on Friday, after the Tencent-backed company raised 6.12 billion yuan ($912 million) in its initial public offering. The…...
Europe drives global EV sales growth in August, offsetting China, North America weakness
2+ day, 14+ hour ago (187+ words) Sept 11 (Reuters) – Global demand for electric vehicles rose for a sixth consecutive month in August, with Europe leading the growth, data from UK-based research firm Benchmark Mineral Intelligence showed on Friday. Sales of battery-electric and plug-in hybrid vehicles show growing…...
Barington Capital takes Bath & Body Works stake, pushes for sale, Bloomberg reports
2+ day, 16+ hour ago (361+ words) Sept 10 (Reuters) – Activist investment firm Barington Capital Group has taken a new stake in Bath & Body Works and is pushing the personal care brand to explore a sale, Bloomberg News reported on Thursday, citing people familiar with the matter. Shares…...
Finland risks strained power supply after Google AI deal, opposition warns
2+ day, 22+ hour ago (360+ words) HELSINKI, Sept 10 (Reuters) – Finland should introduce a national permitting system for data centres to prevent the risk of power shortages and soaring energy prices, opposition parties said on Thursday following Google’s announcement of a large new investment in the country....
Exclusive-Major Novartis shareholder calls for board shake-up after drug trial setbacks
2+ day, 22+ hour ago (526+ words) By Oliver Hirt and Marleen Kaesebier ZURICH, Sept 10 (Reuters) – A major shareholder in Novartis has called for a shake-up of the Swiss drugmaker’s board to improve corporate governance after its shares suffered a record fall this week following back-to-back trial…...
ECB’s Lagarde rejects French far-left leader’s debt-cancellation plan as ‘financially dangerous’
2+ day, 22+ hour ago (232+ words) BERLIN, Sept 10 (Reuters) – European Central Bank President Christine Lagarde on Thursday rejected French far-left leader Jean-Luc Mélenchon’s plan to cancel a portion of France’s national debt, calling it “financially dangerous” and legally impossible under EU law. Mélenchon has proposed cancelling…...
JD.com’s Ceconomy concessions face criticism from rivals, sources say
2+ day, 22+ hour ago (210+ words) BRUSSELS, Sept 10 (Reuters) – JD.com’s concessions to ease EU subsidy concerns about the Chinese e-commerce giant’s $2.5 billion purchase of German electronics retailer Ceconomy have prompted criticism from competitors, people familiar with the matter told Reuters. They said the European Commission,…...
US wholesale inventories surge in July
2+ day, 21+ hour ago (193+ words) WASHINGTON, Sept 10(Reuters) – U.S. wholesale inventories surged in July, the government confirmed on Thursday, potentially positioning inventories to contribute to economic growth in the third quarter. Stocks at wholesalers jumped by an unrevised 1.3%, the Commerce Department’s Census Bureau said. Inventories,…...