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(Reuters) -Merck has held talks to buy Swiss biotech MoonLake Immunotherapeutics for more than $3 billion, the Financial Times reported on Monday, citing three people familiar with the matter. MoonLake’s shares rose 19% in extended trading. Merck submitted a nonbinding offer for MoonLake earlier this year, according to the report, which added that the initial …

Merck held talks to buy biotech MoonLake for over $3 billion, FT reports Read More »

By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  The new trading month got off to a cautious start on Monday, with risk appetite sapped by the U.S.-China trade standoff and bubbling military tensions around the world, although a closely-watched tracking estimate …

Trading Day: Trade tension turns to tentative hope Read More »

By Tom Sims FRANKFURT (Reuters) -An investigation by Germany’s financial watchdog has found no reason to change companies’ practice of communicating with analysts before publishing results, following media concerns about the potential disclosure of insider information. Regulators have taken a closer look at so-called pre-close calls after media reports highlighted an apparent connection between high …

German watchdog finds no abuse in companies’ pre-results calls with analysts Read More »

ZURICH (Reuters) -Microsoft will invest $400 million in Switzerland, the company said on Monday, with the money going towards developing its cloud computing and artificial intelligence infrastructure. The U.S. tech company announced the investment at a meeting of Swiss Economy Minister Guy Parmelin and its vice chair Brad Smith in Bern. Microsoft, which employs 1,000 …

Microsoft to invest $400 million in Switzerland on AI, cloud computing Read More »

By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission said on Monday it would make a strong case this week for the United States to reduce or eliminate tariffs even after Donald Trump said he would double import duties on steel and aluminium to 50%. European Trade Commissioner Maros Sefcovic will meet U.S. Trade Representative Jamieson …

EU says it will make strong case for US tariff cuts this week Read More »

By Jonathan Stempel (Reuters) -The U.S. government will require Keysight Technologies to divest three of Spirent Communications’ businesses to resolve antitrust concerns before it buys the British company, a purchase originally valued at $1.5 billion. In filings on Monday in the Washington, D.C., federal court, the U.S. Department of Justice said the divested assets include …

US requires Keysight to divest tech assets before buying UK-based Spirent Read More »

(Reuters) -NatWest Group on Monday named Solange Chamberlain, director of strategic development, as the CEO of its retail bank, in its first appointment by the UK lender after the country’s government exited its full ownership. The state exit ended a costly, taxpayer-funded government investment that reshaped the lender and industry. Chamberlain will replace David Lindberg …

NatWest names insider Solange Chamberlain as retail bank chief Read More »

By Rachael Levy (Reuters) -Some senior Tesla executives were alarmed last year when Elon Musk denied a Reuters report that the company had killed a planned all-new $25,000 EV that investors had expected to drive explosive vehicle sales growth, according to people familiar with the matter. “Reuters is lying,” Musk had posted on X, minutes after …

Tesla executives questioned Musk after he denied killing $25,000 EV project, sources say Read More »

By David Milliken LONDON (Reuters) -The Bank of England needs to pay closer attention to the impact of its quantitative tightening programme on monetary and financial conditions now that it is cutting interest rates, BoE policymaker Catherine Mann said on Monday. The British central bank makes a decision on the pace at which it reverses …

Bank of England’s Mann says QT impact needs to be reconsidered Read More »

By Purvi Agarwal and Ragini Mathur (Reuters) -European shares began June on a dour note as markets grappled with U.S. President Donald Trump’s new tariff plans that threatened to reignite a fresh wave of global trade tensions. The continent-wide STOXX 600 slipped 0.1% on Monday, after recording about a 4% gain in May. Late on …

European shares stumble on Trump’s new tariff threat Read More »