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(Reuters) -BioNTech has entered into two separate settlement agreements with the U.S. National Institutes of Health and the University of Pennsylvania over the payment of royalties related to its COVID-19 vaccine, the company said in filings. The German company, which partners with U.S. drugmaker Pfizer for its COVID-19 vaccine, said on Friday it would pay …

BioNTech enters settlement with US agency, UPenn over COVID vaccine royalties Read More »

By Aditya Soni, Arsheeya Bajwa, Krystal Hu (Reuters) -OpenAI on Friday outlined plans to revamp its structure, saying it would create a public benefit corporation to make it easier to “raise more capital than we’d imagined,” and remove the restrictions imposed on the startup by its current nonprofit parent.  The acknowledgement and detailed rationale behind …

OpenAI outlines new for-profit structure in bid to stay ahead in costly AI race Read More »

(Reuters) -HomeStreet Bank is selling nearly $990 million of its multifamily commercial real estate loans to Bank of America, in a deal that the Seattle-based lender said would help it return to profitability and reduce costly funding sources. BofA has agreed to pay about $906 million for the loans —roughly 92% of the value of …

HomeStreet Bank offloads $990 million multifamily loans to BofA in profit push Read More »

By Ron Bousso LONDON (Reuters) – Major European energy companies doubled down on oil and gas in 2024 to focus on near-term profits, slowing down – and at times reversing – climate commitments in a shift that they are likely to stick with in 2025. The retrenchment by oil majors comes after governments around the …

Big Oil backtracks on renewables push as climate agenda falters Read More »

(Reuters) -UnitedHealth and Amedisys have agreed to extend the deadline to close their $3.3 billion merger agreement to next year, a filing showed on Friday, as the deal faces close scrutiny from the U.S. Department of Justice. The extension comes more than a month after the DOJ and three U.S. states filed a lawsuit to …

UnitedHealth, Amedisys extend deadline to close $3.3 billion deal Read More »

(Reuters) – U.S. equity funds attracted significant inflows in the week to Dec. 25, recovering from a prior-week sell-off, buoyed by a cooler inflation report, a stopgap funding bill averting a government shutdown and a so-called “Santa Claus” rally. According to LSEG Lipper data, U.S. equity funds gained inflows for the seventh week in eight …

US equity funds receive big inflows on cool inflation, funding bill, and holiday rally Read More »

By Svea Herbst-Bayliss NEW YORK(Reuters) – Jana Partners is working with a sixth executive to push for changes at Lamb Weston, signaling the activist investor may seek to replace the majority of the french fry maker’s board, according to a regulatory filing made on Friday. Potato industry veteran Jeff Delapp, who previously served as president …

Jana Partners signs up sixth executive as it pushes for changes at Lamb Weston, filing shows Read More »