(Reuters) – Haleon said on Tuesday top shareholder Pfizer offloaded a roughly $3.9 billion stake in the consumer healthcare firm, bringing down its holding in the British company to 22.6%. Pfizer previously held a 32% stake, followed by second-largest shareholder GSK which has a 4.2% holding. WHY IT’S IMPORTANT This is Pfizer’s first stake sale …
Pfizer offloads $3.9 billion stake in Sensodyne-maker Haleon Read More »
By Yadarisa Shabong (Reuters) -AstraZeneca said on Tuesday it will buy clinical-stage biopharmaceutical company Fusion Pharmaceuticals Inc for about $2 billion in cash as the Anglo-Swedish drugmaker bets on next-generation cancer treatments. The deal is AstraZeneca’s second this month after it agreed last week to buy Amolyt Pharma for $1.05 billion to shore up its …
AstraZeneca bets on new cancer treatments with $2 billion Fusion Pharma purchase Read More »
By Harry Robertson LONDON (Reuters) – Upbeat investors rushed into emerging market equities in March at the fastest pace since April 2017, and into euro zone stocks at the quickest clip since June 2020, Bank of America’s fund manager survey on Tuesday showed. Global growth expectations among the fund managers surveyed by BofA were at …
Bullish investors pile into EM, European stocks in March, BofA survey shows Read More »
By David Shepardson WASHINGTON (Reuters) – U.S. national security officials will hold a closed-door briefing on Wednesday for senators on the Commerce and Intelligence committees on threats posed by Chinese-owned short video app TikTok, a committee aide told Reuters on Monday. The classified briefing is being hosted by the chairs of the two committees, Mark …
US officials to brief senators Wednesday on threats posed by TikTok, aide says Read More »
By Raphael Satter WASHINGTON (Reuters) – A researcher from TikTok’s Chinese owner ByteDance was wrongly added to a groupchat for American artificial intelligence safety experts last week, the U.S. National Institute of Standards and Technology (NIST) said Monday. The researcher was added to a Slack instance for discussions between members of NIST’s U.S. Artificial Intelligence …
US standards body says ByteDance researcher wrongly added to AI safety groupchat Read More »
By David Shepardson WASHINGTON (Reuters) -The National Highway Traffic Safety Administration said on Monday it has opened an investigation into a recent Ford Mustang Mach-E fatal crash in San Antonio, Texas, where authorities suspect an advanced driver assistance system was in use. On Friday, the National Transportation Safety Board opened a separate investigation into the …
US agency probes driver assistance system use in fatal Ford crash Read More »
By Andrew Chung and John Kruzel WASHINGTON (Reuters) -U.S. Supreme Court justices on Monday appeared skeptical of a challenge on free speech grounds to how President Joe Biden’s administration encouraged social media platforms to remove posts that federal officials deemed misinformation, including about elections and COVID-19. The justices heard oral arguments in the administration’s appeal …
By Niket Nishant (Reuters) -Nasdaq, which lists shares of some of the biggest U.S. tech companies on its exchange, said it had resolved a technical glitch that affected trading for more than two hours before Monday’s open and that all systems were back up. The company did not give details about the severity of the …
Nasdaq resolves technical glitch that impacted premarket trading Read More »
(Reuters) – Grocer Kroger said on Monday it had entered a definitive agreement for the sale of its specialty pharmacy business to CarelonRx, a unit of U.S. health insurer Elevance Health. The financial terms of the deal were not disclosed. The retailer’s specialty pharmacy business serves patients with chronic illnesses that require complex care. Kroger …
Kroger to sell specialty pharmacy business to Elevance Health’s CarelonRx Read More »
(Reuters) – Starbucks announced a new global leadership structure on Monday, appointing Michael Conway as CEO of the North America region and Brady Brewer as the CEO of Starbucks International. Conway has been a Starbucks partner since 2013 and was most currently serving as group president of international and channel development. In his new role, …
Starbucks names executives for newly created global leaderships roles Read More »
