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Roche, muscling into weight-loss drug race, advances obesity treatment to late-stage trial
Roche moves drug acquired from biotech Carmot into Phase 3 trialCompany targets obesity market led by Eli Lilly, Novo NordiskHas six experimental drugs for obesity, related conditionsPlans obesity drug launches by 2030Shares up around 2.8%By Maggie Fick LONDON, Sept 22 (Reuters) - Swiss drugmaker...
Mon, Sep 22
Oracle names insiders Clay Magouyrk, Mike Sicilia as co-CEOs in surprise move
Safra Catz replaced as CEO after 11-year tenureCatz credited with steering AI strategyCloud execs Clay Magouyrk and Mike Sicilia appointed as co-CEOsNew co-CEOs underscore cloud importance, analysts sayBy Arsheeya Bajwa Sept 22 (Reuters) - Oracle ORCL.N on Monday named insiders Clay Magouyrk and ...
Mon, Sep 22
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Pfizer doubles down on weight-loss treatments with up to $7.3 billion Metsera buyout
By Mariam Sunny and Michael ErmanSept 22 (Reuters) - Pfizer PFE.N said on Monday it would acquire drug developer Metsera MTSR.O in a deal valued at up to $7.3 billion, including future payments, as it seeks to gain a foothold in the fast-growing obesity treatment market.The global obesity drug marke...
Mon, Sep 22
Netflix signs co-marketing deal with AB InBev to promote TV shows and beer
Sept 22 (Reuters) - Netflix NFLX.O and Anheuser-Busch InBev ABI.BR have signed a global co-marketing deal to promote the streaming platform's most-watched titles and the brewer's beers, the companies said on Monday.
Mon, Sep 22
London stocks edge lower as sterling climbs, automakers slip
Sept 22 (Reuters) - London stocks edged lower on Monday, pressured by weakness in automakers and a stronger pound, as investors awaited comments from several Federal Reserve officials later in the day.
Mon, Sep 22
Trump expected to approve TikTok deal via executive order later this week, WSJ reports
Sept 22 (Reuters) - U.S. President Donald Trump is expected to approve a deal for TikTok through an executive order, declaring that it satisfies the requirements of law later this week, the Wall Street Journal reported on Monday, citing a senior White House official.
Mon, Sep 22
Turkey ends some tariffs on US imports ahead of Erdogan-Trump meeting
Erdogan set to meet Trump on ThursdayCancelled tariffs had been imposed during Trump's first termTrump says he expects trade, military deals during visitBy Daren Butler ISTANBUL, Sept 22 (Reuters) - Turkey said on Monday it had terminated retaliatory tariffs imposed in 2018 on U.S. imports ra...
Mon, Sep 22
Warren Buffett’s Berkshire Hathaway exits China's BYD, filing shows
BEIJING, Sept 22 (Reuters) - Warren Buffett's Berkshire Hathaway BRKa.N has fully exited Chinese automaker BYD 1211.HK 002594.SZ, a filing showed, ending a 17-year investment that grew over 20-fold in value in that period.
Mon, Sep 22
Nvidia and Abu Dhabi institute launch joint AI and robotics lab in the UAE
DUBAI, Sept 22 (Reuters) - Abu Dhabi's Technology Innovation Institute and Nvidia NVDA.O have launched a joint research lab in the United Arab Emirates that will focus on developing next-generation AI models and robotics platforms, TII said on Monday.
Mon, Sep 22
UK considers plan to scrap visa fees for top global talent, FT reports
Sept 22 (Reuters) - British Prime Minister Keir Starmer is exploring proposals to abolish some visa fees for top global talent at a time when the U.S. has taken a tougher stance on immigration, the Financial Times reported on Monday.
Mon, Sep 22
JGBs extend declines as bets for BOJ rate hike grow
TOKYO, Sept 22 (Reuters) - Japanese government bonds (JGBs) extended declines on Monday, with the two- and five-year yields hitting 17-year highs, as investors braced for a possible interest rate hike following hawkish signals from the Bank of Japan.
Mon, Sep 22
US House lawmakers make rare China visit to stabilise ties
US House lawmakers last visited China in 2019 China, US seeking to improve bilateral ties Relations strained by tariffs, semiconductors, Taiwan BEIJING, Sept 21 (Reuters) - A group of U.S. lawmakers on a rare visit to Beijing told China's No.2 leader, Premier Li Qiang, that the world's tw...
Mon, Sep 22
China's ByteDance will get 1 of 7 board seats for TikTok's US operations, official says
Trump seeking deal to avoid TikTok ban in USTikTok's US algorithm will be outside ByteDance's control, official saysDemocrats want to know how any deal will workBy Jeff Mason WASHINGTON, Sept 20 (Reuters) - A U.S.-China agreement on TikTok's U.S. operations includes China's ByteDa...
Mon, Sep 22
Trump's H-1B visa crackdown upends Indian IT industry's playbook
Visa fee of $100,000 for new H-1B visas is "prohibitive"H-1B visa fee may lead to legal challenges, selective sponsorshipDeals, operating models expected to be overhauledU.S. firms' GCCs expected to grow in India, Canada, Mexico, and Latin AmericaBy Haripriya Suresh and Sai Ishwarbharath...
Mon, Sep 22
Lachlan Murdoch, Michael Dell, Ellison involved in TikTok deal, Trump says
Trump allies would gain influence over social media appUS-China work toward deal to transfer TikTok US assetsLachlan Murdoch set to control conservative media empireBy Dawn Chmielewski and David Shepardson WASHINGTON, Sept 21 (Reuters) - President Donald Trump said on Sunday that media mogul Lach
Mon, Sep 22
South Korea's President Lee says US investment demands would spark financial crisis
Commercial feasibility of $350 bln investments main trade obstacle with US, Lee tells ReutersPresident says talks with North Korea unlikely for nowLee frets tensions between democratic, socialist statesLee to be first South Korean president to chair UN Security Council meetingLee doesn't think T...
Mon, Sep 22
[Reuters Analysis] China's bull market risks running out of gas: Raychaudhuri
By Manishi Raychaudhuri HONG KONG, Sept 22 (Reuters) - China's onshore equity markets are booming, outperforming many of their developed market counterparts this year. But whether this is the beginning of a true Chinese equity boom or yet another short-lived bubble will likely depend on gover...
Mon, Sep 22
'Fast and furious': H-1B workers abroad race to US as Trump order sparks dismay, confusion
SAN FRANCISCO/NEW YORK, Sept 21 (Reuters) - Panic, confusion and anger reigned as workers on H-1B visas from India and China were forced to abandon travel plans and rush back to the U.S. after President Donald Trump imposed new visa fees, in line with his wide-ranging immigration crackdown.
Mon, Sep 22
Four major Western nations recognise Palestinian state, to fury of Israel
LONDON/TORONTO, Sept 21 (Reuters) - Britain, Canada, Australia and Portugal all recognised a Palestinian state on Sunday in a move borne out of frustration over the Gaza war and intended to promote a two-state solution, prompting a furious response from Israel.
Mon, Sep 22
Oil prices slip as robust supply outweighs Fed cut
Large oil supplies, declining demand push prices lowerRefinery turnaround season will also cut demand for crude Benchmarks gain for a second straight weekBy Erwin Seba HOUSTON, Sept 19 (Reuters) - Oil prices dropped on Friday as worries about large supplies and declining demand outweighed expecta...
Mon, Sep 22
