Bloomberg Business

Relieved to have turned the page on the worst year for stocks in more than a decade, investors are finding that pricey share valuations and shrinking earnings still stand in the way of any swift bounceback for Big Tech.

The US Supreme Court turned away four appeals from Fannie Mae and Freddie Mac shareholders who said they were entitled to compensation after the Treasury collected more than $100 billion in profits from the government-sponsored enterprises.

The UK is considering sending Challenger 2 battle tanks to Ukraine, according to two people familiar with the discussions, underscoring the intensifying efforts of Kyiv’s allies to provide it with heavier offensive weapons.

UK finance firms now have a higher proportion of women on their boards than their European counterparts, a rare boost for the City of London’s attempts to improve the industry’s diversity.

In the past three years, biotech companies have enjoyed a raft of successes, including rapidly developing vaccines for Covid-19, discovering a drug that can slow the progress of Alzheimer’s disease and securing approvals for one-time gene therapies for hard-to-treat conditions.

Renault SA’s talks with Nissan Motor Co. is one of the topics French President Emmanuel Macron is due to discuss with Japan’s Prime Minister Fumio Kishida after discussions stalled late last year, according to people familiar with the situation.