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Merck to Acquire Verona Pharma for $10 Billion in Bid to Cushion "Patent Cliff" Impact
TradingKey - U.S. pharmaceutical giant Merck (MRK.US) has announced a roughly $10 billion deal to acquire U.K.-based biopharma firm Verona Pharma (VRNA.US), marking a major move into the respiratory disease treatment space.
TradingKey
Thu, Jul 10
Ferrero Nears $3 Billion Deal to Acquire WK Kellogg — Shares of the Cereal Maker KLG Surge 60%
TradingKey - According to a Wall Street Journal report, Italian confectionery giant Ferrero, the world’s third-largest chocolate and candy company, is close to finalizing a deal to acquire U.S. breakfast cereal brand WK Kellogg for around $3 billion. The news sent WK Kellogg shares up over 60% inTradingKey
Thu, Jul 10
RPT-Car import quotas, export credits on table for EU-US trade talks, sources say
EU seeking US trade deal ahead of August 1 deadlineUS-EU talks moving fast, officials and industry sources sayEasing of US car tariffs essential for a deal, EU diplomat saysUS imposed 25% import tariff on cars in AprilBy Christoph Steitz, Julia Payne and David Lawder FRANKFURT/BRUSSELS/WASHINGTON...Reuters
Thu, Jul 10
Philippines concerned over higher U.S. tariffs, will continue to negotiate, minister says
MANILA, July 10 (Reuters) - The Philippines is concerned about the United States' decision to impose 20% tariffs on Philippine exports but will continue to negotiate, its economic affairs minister said on Thursday.Reuters
Thu, Jul 10
TSMC second-quarter sales rise 38.6% y/y, beat forecasts
Q2 revenue ahead of forecastsCompany to report Q2 earnings on July 17TAIPEI, July 10 (Reuters) - TSMC 2330.TW, the world's largest contract chipmaker, reported on Thursday second-quarter revenue of T$933.80 billion ($31.9 billion), beating market forecasts, as demand for the company's produc...Reuters
Thu, Jul 10
Sri Lanka's apparel industry alarmed by US tariff of 30%, hopes for cut
COLOMBO, July 10 (Reuters) - Distress is in store for Sri Lanka's garments sector if the island nation is unable to clinch a tariff lower than the 30% figure U.S. President Donald Trump has clamped on imports from Colombo, a top industry body warned on Thursday.Reuters
Thu, Jul 10
South Korea signals near-term rate cut, warns of 'significant' uncertainty from US tariffs
Bank of Korea holds rates steady, as expectedMost board members open to rate cut in near term Governor cites uncertainty over U.S. trade talksEconomists expect at least one more rate cut in H2By Jihoon Lee and Joyce Lee SEOUL, July 10 (Reuters) - South Korea's central bank held interest rates...Reuters
Thu, Jul 10
Chinese Tech Stocks Tumble — Is a New Wave of Risk-Aversion Emerging?
TradingKey - On July 9, 2025 (U.S. Eastern Time), the Nasdaq Golden Dragon China Index closed down 1.11%, with most major Chinese tech stocks retreating. Alibaba, Bilibili, and JD.com led the decline, falling 3.85%, 3.54%, and 3.36%, respectively — reflecting ongoing concerns from foreign investors
TradingKey
Thu, Jul 10
Long-term JGBs rally ahead of 20-year auction as election weighs
By Rocky Swift TOKYO, July 10 (Reuters) - Long-term Japanese government bonds (JGBs) rallied on Thursday ahead of an auction that will test investor appetite amid fiscal worries that have driven yields higher, while markets remain focused on the upper house election scheduled for July 20. PricesReuters
Thu, Jul 10
Gaza truce possible in one or two weeks but not in a day, Israeli official says
WASHINGTON, July 9 (Reuters) - Israel and Hamas may be able to reach a Gaza ceasefire and hostage-release deal within one or two weeks but such an agreement is not expected to be secured in a day's time, a senior Israeli official said on Wednesday.Speaking during Israeli Prime Minister Benjamin ...Reuters
Thu, Jul 10
Copper prices in London, China hover near 3-week lows on looming 50% US tariff
By Hongmei Li SINGAPORE, July 10 (Reuters) - Copper prices on the London Metal Exchange and Shanghai Futures Exchange were under pressure on Thursday, hovering near a three-week low, amid U.S. President Donald Trump's plans to start imposing a 50% copper import tariff on August 1.Trump announ...Reuters
Thu, Jul 10
Trump imposes 50% tariffs on Brazil after spat with Lula
WASHINGTON/BRASILIA, July 9 (Reuters) - U.S. President Donald Trump said on Wednesday the U.S. would impose a 50% tariff on all imports from Brazil after a spat this week with his Brazilian counterpart who called him an unwanted "emperor."Reuters
Thu, Jul 10
Bitcoin soars to all-time peak just shy of $112,000
NEW YORK, July 9 (Reuters) - Bitcoin climbed to an all-time high near $112,000 late on Wednesday, bolstered by an increased risk appetite and persistent institutional demand as traditional financial market players embraced the world's largest cryptocurrency.
Reuters
Thu, Jul 10
Wall Street rises as Fed minutes put rate cuts in focus, Nvidia hits $4 trillion milestone
July 9 (Reuters) - Wall Street indexes closed higher on Wednesday, led by the tech-heavy Nasdaq as Nvidia briefly reached a $4 trillion valuation, and Federal Reserve meeting minutes fueled hopes that inflation pressures from President Donald Trump's tariffs would not derail interest rate cuts this
Reuters
Thu, Jul 10
