Bloomberg Business

Shares in oil driller ADES Holding Co. jumped 30% in Riyadh after the kingdom’s largest initial public offering this year, even as the ongoing conflict between Israel and Hamas roiled markets.

Novo Nordisk A/S diabetes drug Ozempic showed surprisingly early effectiveness in a kidney-failure study, sending shares of the world’s biggest dialysis providers tumbling.

Russia is set to benefit from the Israel-Hamas conflict, as Israel’s requests for US military aid risk diverting weapons and focus from Ukraine while the rising price of oil bolsters Moscow’s economy.

Efforts to lure disillusioned investors back to Turkey are making slow progress, according to a leaked Bank of America Corp. document that reveals investor reactions to private meetings with Turkish Finance Minister Mehmet Simsek in London.

The yen is barreling toward its weakest level in more than 30 years as the Bank of Japan holds firmly to its stimulative monetary-policy stance, according to the currency’s most-accurate forecaster.

Porsche AG shares rallied, trimming their year-to-date drop, after the luxury-car maker said it expects stable third-quarter sales and flagged improving availability of its Cayenne sport utility vehicle.

Walgreens Boots Alliance Inc. appointed Tim Wentworth as its next chief executive officer, giving the industry veteran the challenge of turning around the beleaguered drugstore chain amid a faltering push into the wider health-care scene.

Netflix Inc. may no longer be the market darling it was in its heyday, but there is increasing optimism surrounding the stock as earnings loom into view.

Exxon Mobil Corp. agreed to buy Pioneer Natural Resources Co. for $59.5 billion, the supermajor’s largest takeover in more than two decades, as it seeks to become the dominant producer of shale oil.