News
Important Only
Trump, AstraZeneca announce US drug pricing deal at White House
WASHINGTON, Oct 10 (Reuters) - President Donald Trump unveiled a deal with UK-based drugmaker AstraZeneca AZN.L on Friday under which the company will sell some medicines at a discount to the government's Medicaid health plan in exchange for tariff relief...Reuters
Sat, Oct 11
MIT refuses to accept White House terms for funding, other schools still mulling
Oct 10 (Reuters) - Massachusetts Institute of Technology President Sally Kornbluth on Friday said she "cannot support" a memo that the White House sent to nine elite U.S. universities last week detailing policies they should follow to get preferential consideration for federal funding.Reuters
Sat, Oct 11
Travel tech firm Navan eyes $6.45 billion valuation in US IPO
Oct 10 (Reuters) - Corporate travel and expense company Navan said on Friday it is targeting a valuation of up to $6.45 billion in its U.S. initial public offering, below the level it reached in a 2022 funding round, as it pushes ahead with listing plans despite the U.S. government shutdown.Reuters
Sat, Oct 11
WRAPUP 12-Gazans trek to ruined homes as Israeli forces pull back under ceasefire
LATEST DEVELOPMENTS:Gazans' joy tempered by shock as they eye remnants of homesTrump plans summit on Gaza during Egypt visit, Axios reportsHamas rejects any 'foreign guardianship' over GazaNext phase of plan envisages an international Board of PeaceBy Alexander Cornwell and Nidal al-Mugh...Reuters
Fri, Oct 10
Back to the future as France's Macron reappoints Lecornu as PM
Macron reappoints last PM to resolve political crisisHard left and far right angered by choiceCrisis denting economic growth, central bank chief warnsBy Elizabeth Pineau PARIS, Oct 10 (Reuters) - French President Emmanuel Macron reappointed Sebastien Lecornu as prime minister on Frida...Reuters
Fri, Oct 10
Trump's fresh tariff threats knock Europe stocks to weekly loss in last-minute slide
STOXX 600 down 1.2%Jyske Bank up after FY guidance hike ArcelorMittal down after GS downgrade Trump threatens 'massive increase' in China tariffsBy Amir Orusov and Pranav Kashyap Oct 10 (Reuters) - European shares tanked on Friday, erasing weekly gains in a last-minute slide as renewed t...Reuters
Fri, Oct 10
Canada posts surprise jump in job gains in September, unemployment rate unchanged
Canada's economy adds a net 60,400 jobs in SeptemberUnemployment rate unchanged at multi-year high of 7.1%Avg hourly wage of permanent employees up 3.6% annuallyBy Promit MukherjeeOTTAWA, Oct 10 (Reuters) - Canada's economy posted a surprise 60,400 net job gains in September, almost entirely...Reuters
Fri, Oct 10
Trump floats dropping Spain from NATO alliance
WASHINGTON, Oct 9 (Reuters) - U.S. President Donald Trump suggested on Thursday the NATO alliance should weigh throwing Spain out of its membership ranks over a dispute about the Western European nation's lagging military spending.Members of the U.S.-backed ...Reuters
Fri, Oct 10
China welcomes foreign investment and cooperation, vice premier says
BEIJING, Oct 10 (Reuters) - China welcomes multinational firms expanding investment and cooperation in the country, Vice Premier He Lifeng told representatives of foreign companies in Beijing on Friday, the official Xinhua news agency said.Reuters
Fri, Oct 10
Government Shutdown Delays CPI Report — Labor Bureau Recalls Staff to Rush Data Compilation
TradingKey - Due to the U.S. federal government shutdown, the Bureau of Labor Statistics (BLS) has suspended all operations, and the release of the September Consumer Price Index (CPI) report, originally scheduled for October 15, will be unavoidably delayed.TradingKey
Fri, Oct 10
Qualcomm Faces Antitrust Investigation in China; Bloomberg: A Strategic Move Ahead of U.S.-China Meetings
TradingKey - On October 10, China's State Administration for Market Regulation (SAMR) announced an official investigation into Qualcomm, citing the company's failure to report its acquisition of Israeli automotive chipmaker Autotalks, potentially violating China's Anti-Monopoly Law. As a result, Qua
TradingKey
Fri, Oct 10
Elon Musk’s $878 Billion Pay Package Revealed: Billions for Achieving Modest Milestones
TradingKey - Tesla’s board has recently proposed a record-breaking $878 billion compensation package for Elon Musk, claiming its goals are “equivalent to landing on Mars” — with the caveat that he earns nothing if they’re not achieved.
TradingKey
Fri, Oct 10
Yen Faces Largest Weekly Drop in a Year, Raising Prospects of Government Intervention
TradingKey - On Friday, October 10th, the USD/JPY exchange rate hovered around 153, maintaining its highest level in eight months, with intraday peaks hitting 153.27. The yen has depreciated nearly 4% this week, likely marking the largest weekly drop since October last year.
TradingKey
Fri, Oct 10
Trump proposes barring Chinese airlines from flying over Russia on US routes
Chinese airlines benefit from reduced flight time and fuel burn using Russian airspaceUS carriers have not been allowed to fly over Russia since 2022 Cargo-only flights not included in US proposal By David Shepardson and Lisa Barrington WASHINGTON, Oct 9 (Reuters) - The Trump administration on Th...Reuters
Fri, Oct 10
Novo Nordisk's New CEO Makes $5.2B Bet on Liver Disease Treatment Through Akero Acquisition
TradingKey - Danish pharmaceutical giant Novo Nordisk announced on Thursday that it will acquire U.S. biotechnology company Akero Therapeutics for a total consideration of up to $5.2 billion.
TradingKey
Fri, Oct 10
