Bloomberg Business

Apollo Partner Gahrotra Set to Join CVC’s India PE Team

Nikhil Gahrotra, a partner at Apollo Global Management Inc. in India, is leaving the company to join alternative asset manager CVC Capital Partners’ private equity team, according to people familiar with the matter.

Meloni, Biden Eye Deeper Ties as Italy Weighs Pivot From China

Giorgia Meloni briefed US President Joe Biden on her plan to curb Italy’s reliance on China and to establish balanced ties with the Asian country, as she mulls a strategy to disentangle from a controversial investment pact.

Biogen Weighs Takeover of $4 Billion Drugmaker Reata

Biogen Inc. is exploring an acquisition of Reata Pharmaceuticals Inc., according to people familiar with the matter, in a move that would potentially expand the biotech company’s rare disease treatments.

Shimao Group Posts Losses of $6.8 Billion Over Two Years

Shimao Group Holdings Ltd. posted a combined loss of 48.6 billion yuan ($6.8 billion) for 2021 and 2022 as the defaulted Chinese property developer released its long-delayed results in a bid to resume stock trading and complete debt restructurings.

Hong Kong Fails to Bar Protest Song in Surprise Court Ruling

The Hong Kong government lost a bid to wipe a controversial protest song from its internet, a rare victory for free speech and internet firms such as Google in a city accused in past years of undermining the rule of law.

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