(Reuters) -GSK shares fell more than 6% on Friday to the bottom of Britain’s blue-chip index after a U.S. FDA advisory panel recommended against approving its blood cancer drug Blenrep, citing earlier concerns over side effects. The British drugmaker was trying to revive the drug, which was pulled from U.S. markets in 2022 after failing …
GSK falls as blood cancer drug likely headed for US rejection Read More »
SHANGHAI (Reuters) -China is widely expected to leave its benchmark lending rates unchanged at a monthly fixing on Monday, a Reuters survey showed, as signs of economic resilience reduced the urgency for further monetary easing. The loan prime rate (LPR), normally charged to banks’ best clients, is calculated each month after 20 designated commercial banks …
China expected to keep lending rates steady, focus turns to Politburo meet Read More »
BEIJING (Reuters) -China’s central bank governor Pan Gongsheng met Bank of America’s president of international business Bernard Mensah earlier this week to discuss economic and financial matters, the People’s Bank of China said in a statement on Friday. The Tuesday meeting included an exchange of views on the global economic and financial situation, China’s macroeconomic …
PBOC governor, Bank of America senior executive discuss economy, financial markets Read More »
By Roushni Nair and Sameer Manekar (Reuters) -BHP Group flagged on Friday a delay and a cost overrun of up to $1.7 billion at its key Jansen potash project in Canada, while the world’s largest listed miner logged record copper and iron ore output in fiscal 2025. The cost overrun and delay are a major …
BHP delays Jansen potash project as costs surge; logs record copper output Read More »
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -The final season of global phenomenon “Squid Game” helped Netflix beat Wall Street earnings targets for the second quarter, and the streaming service raised its revenue guidance for the year. Some investors had hoped for more from the dominant movie and TV streaming service, analysts said. …
‘Squid Game’ boosts Netflix quarter, company raises revenue guidance Read More »
By Tamiyuki Kihara and Tom Bateman HIROSHIMA, Japan (Reuters) -When car maker Mazda sneezes, everyone catches a cold, say people in its hometown of Hiroshima in western Japan, but these days, auto parts maker Yuji Yamaguchi fears a deep chill is on the way. “If Mazda builds fewer cars, our orders will drop,” said Yamaguchi, …
Japan voters see little hope for tariff reprieve in car maker Mazda’s hometown Read More »
By Marcelo Teixeira, Karl Plume and Renee Hickman NEW YORK (Reuters) -A possible move by Coca-Cola , and other beverage and food industries, to use cane sugar instead of corn syrup as a sweetener would be difficult and expensive to implement, while mostly negative for farmers in the United States. U.S. President Donald Trump said …
Coke’s shift to cane sugar would be expensive, hurt US farmers Read More »
SAO PAULO (Reuters) -Brazilian fuel retailer Vibra began talks with conglomerate Cosan to buy Cosan’s lubricants arm, Moove, news outlet Brazil Journal reported on Thursday, citing sources familiar with the matter. The talks were sparked by a minority shareholder, European private equity firm CVC Capital Partners, expressing interest in selling its stake, Brazil Journal said, …
Vibra started talks to buy Cosan’s lubricants arm, Brazil Journal reports Read More »
(Reuters) -Railroad operator Union Pacific is exploring a deal to buy smaller rival Norfolk Southern, the Wall Street Journal reported, in a merger that would bolster the industry leader’s heft and likely draw intense regulatory scrutiny. Norfolk’s shares rose 4.5% in extended trading on Thursday. The talks were at an early stage and there was …
Union Pacific exploring deal to buy Norfolk Southern, WSJ reports Read More »
(Reuters) -Meta Platforms has hired Apple artificial intelligence researchers Mark Lee and Tom Gunter for its Superintelligence Labs team, Bloomberg News reported on Thursday, as it intensifies its pursuit for top AI talent. The social media giant is among several technology companies that have struck high-profile deals and doled out multi-million-dollar pay packages to fast-track …
Meta hires two Apple AI researchers for Superintelligence push, Bloomberg News reports Read More »
