(Reuters) -Royalty Pharma has agreed to buy a royalty interest in Amgen’s drug for small cell lung cancer from BeOne Medicines for up to $950 million, it said on Monday. Shares of biotech investor Royalty Pharma were up 1.5% in morning trade. The deal gives Royalty Pharma access to roughly 7% of global net sales …
Royalty Pharma to pay up to $950 million for royalties from Amgen’s lung cancer drug Read More »
By Stine Jacobsen, Jacob Gronholt-Pedersen and Soren Jeppesen COPENHAGEN (Reuters) -Shares in Orsted plunged 17% on Monday after the U.S. halted the Danish company’s Revolution Wind project off Rhode Island amid President Donald Trump’s pushback on renewable energy investments. Orsted, the world’s biggest offshore wind farm developer, has already faced mounting challenges, including rising costs, …
Orsted shares sink to record lows after US halts wind farm off Rhode Island Read More »
(Repeats to additional subscribers, no changes to text) MILAN (Reuters) -Carmaker Stellantis on Monday agreed a scheme with unions allowing it to place the more than 1,800 workers at its Termoli plant in southern Italy on reduced hours due to a weak market outlook. The Uilm union, one of those involved in the agreement, also …
Stellantis extends furlough scheme at Italian plant on weak demand, tariffs Read More »
By Matt Tracy (Reuters) -Ratings agency S&P Global put a negative credit outlook on U.S. soft drinks giant Keurig Dr Pepper after the company announced Monday it will buy Dutch coffee group JDE Peet’s. In a Monday note accompanying their credit outlook downturn on the popular soda seller, S&P analysts highlighted the increased debt profile of …
S&P puts Keurig Dr Pepper on negative credit watch Read More »
By Deborah Mary Sophia and Casey Hall (Reuters) -E-commerce company PDD Holdings, which operates low-cost platforms Pinduoduo in China and Temu internationally, beat quarterly revenue estimates on Monday, although net profit fell due to investments to ward off growing competition. U.S.-listed shares of the company were up 1%, after having jumped more than 11% in …
Temu-owner PDD tops revenue estimates, competition squeezes margins Read More »
By Marleen Kaesebier and John Revill (Reuters) -U.S. tariffs and an appreciation in European currencies caused by dollar weakness have eroded companies’ top line performance in the second quarter, increasing pressure on them to relocate operations or put jobs into the United States. Earlier this month, U.S. President Donald Trump put a 39% tariff rate …
Currency spikes and Trump tariffs take bite out of European results Read More »
WASHINGTON (Reuters) -The federal government could take stakes in other U.S. semiconductor companies or even move to other industries, White House economic adviser Kevin Hassett told CNBC in an interview on Monday following its stake in Intel. Hassett, asked if the Intel deal was the start of a larger effort by the U.S. government to …
White House’s Hassett says US could take stakes in other chip companies Read More »
ZURICH (Reuters) -Swiss Post said on Monday it would from Tuesday temporarily suspend accepting goods consignments to the United States due to new U.S. customs regulations. “Swiss Post is working on solutions to ensure goods consignments can be shipped again as soon as possible,” it said in a statement, noting that the new U.S. regulations …
Swiss Post to temporarily suspend goods consignments to US Read More »
(Reuters) -Keurig Dr Pepper on Monday announced it would buy Dutch company JDE Peet’s for 15.7 billion euros ($18.4 billion) in cash, in a bid to create a global coffee heavyweight. Here is what is known about the transaction: THE DEAL’S STRUCTURE: – In a first step, KDP will buy JDE Peet’s for 15.7 billion …
Factbox-Inner workings of Keurig Dr Pepper’s $18 billion move for JDE Peet’s Read More »
TOKYO/BERLIN (Reuters) -The pension trust of Mercedes-Benz will sell off its roughly $346 million shareholding, a 3.8% stake, in Nissan Motor, a spokesperson for the German carmaker said on Monday, adding to pressure on the Japanese automaker’s share price. Japan’s third-largest automaker has been hit by U.S. tariffs, restructuring and lower sales volumes that have …
Mercedes-Benz Pension Trust to sell its 3.8% stake in Nissan Motor Read More »
