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(Reuters) – Catalent CEO Alessandro Maselli said on Monday he will remain at the helm of the U.S.-based contract drugmaker after it is acquired by Novo Holdings, the controlling shareholder of weight-loss drug manufacturer Novo Nordisk. Maselli’s open letter comes on the back of criticism over Novo Holding’s $16.5-billion acquisition of Catalent, which U.S. consumer …

Catalent CEO to remain in charge of contract drugmaker after Novo Holdings’ buyout Read More »

By Paolo Laudani, Ankika Biswas and Johann M Cherian (Reuters) -European shares ended Monday’s choppy session in the red ahead of a series of marquee corporate earnings, although stabilising oil prices buoyed the energy sector. The continent-wide STOXX 600 slipped 0.6%, with the real estate sector leading with a near 2% drop, while energy stocks …

STOXX 600 finishes lower ahead of key earnings reports Read More »

By Katie Paul NEW YORK – Facebook owner Meta said on Friday it was releasing a batch of new AI models from its research division, including a “Self-Taught Evaluator” that may offer a path toward less human involvement in the AI development process. The release follows Meta’s introduction of the tool in an August paper, …

Meta releases AI model that can check other AI models’ work Read More »

OSLO/COPENHAGEN (Reuters) – Danish shipping group A.P. Moller-Maersk said on Monday it had raised its full-year forecasts on the back of strong third quarter results, robust demand and the continuing disruption to shipping in the Red Sea. Maersk said it had revised its outlook for global container market volume growth in 2024 to around 6% …

Maersk raises profit outlook on strong market Read More »

MILAN (Reuters) – Italian luxury group Tod’s, which was delisted earlier this year, does not rule out a return to the stock exchange in the future, its Chairman Diego Della Valle said on Monday. Della Valle, who founded the company and previously also served as CEO, was replaced last month in that role by former …

Tod’s chairman does not rule out eventual return to the stock exchange Read More »

(Reuters) – Honeywell has signed a deal with Google to connect artificial intelligence technology with its industrial data, both companies said on Monday, with a view to offer streamlined autonomous operations for its customers. The partnership will bring together Alphabet-owned Google’s Gemini – its most advanced AI technology – and Honeywell’s industrial data collected through …

Honeywell partners with Google to integrate data with generative AI Read More »