News
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Dale Underwriting names Cordell head of North America casualty
By Ashish TiwariJuly 16 - (The Insurer) - Lloyd's insurer Dale Underwriting Partners on Wednesday appointed Peter Cordell to head of North America casualty, effective January 2026.Cordell joins from MS Amlin, where he was head of treaty casualty and financial lines. At MS Amlin, he oversaw sever...Reuters
Wed, Jul 16
J&J Says 2025 Forecast Does Not Include Impact Of Most Favored Nation Drug Pricing
July 16 (Reuters) - Johnson & Johnson JNJ.N:J&J EXEC SAYS 2025 FORECAST DOES NOT INCLUDE IMPACT OF MOST FAVORED NATION DRUG PRICING - CONF CALLJ&J EXEC SAYS CONTINUE TO MONITOR WHAT THE FUTURE YEAR'S IMPACT COULD BE FROM TARIFFS ON OUR BUSINESSReuters
Wed, Jul 16
INSIGHT-Trump promised Patriots for Ukraine. Now Europe has to provide them
Weapons purchasing scheme hatched in recent days by Trump, RutteTrump admininistration examining NATO stockpiles to devise planStill no clarity on which countries will send weapons to Ukraine By Gram Slattery, Mike Stone, Jonathan Landay and Steve Holland WASHINGTON, July 16 (Reuters) - President...Reuters
Wed, Jul 16
Thermo Fisher acquires Sanofi's New Jersey manufacturing site
July 16 (Reuters) - Thermo Fisher TMO.N said on Wednesday it will buy Sanofi's SASY.PA manufacturing site in Ridgefield, New Jersey, to produce critical medicines for the French drugmaker.WHY IT'S IMPORTANTSanofi has been expanding its manufacturing presence in the U.S. market, following eff...Reuters
Wed, Jul 16
Stone Point closes 10th flagship fund with $11.5 billion in total commitments
By Isha MaratheJuly 15 - (The Insurer) - Private equity firm Stone Point Capital, a frequent investor in insurance industry companies, announced the final closing of its 10th private equity fund, Trident X, with $11.5 billion in total commitments. Trident X exceeded its original target and hard cap...Reuters
Wed, Jul 16
Motorcycling-Bastianini to return for Czech GP, injured Morbidelli and Vinales out
July 16 (Reuters) - KTM Tech3's Enea Bastianini will return at this weekend's Czech Grand Prix after recovering from appendicitis but his teammate Maverick Vinales and VR46 Racing's Franco Morbidelli will sit out with injuries, their MotoGP teams said on Wednesday. Bastianini, who...Reuters
Wed, Jul 16
U.S. RESEARCH ROUNDUP-Airbnb, BlackRock, Veritex
July 16 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Airbnb, BlackRock and Veritex Holdings, on Wednesday. HIGHLIGHTS* Airbnb Inc ABNB.O: Jefferies raises target price to $165 from $155* Alphabet Inc GOOGL.O: Needham ...Reuters
Wed, Jul 16
WTW hires Triple-I's Porfilio to lead ICT's personal and commercial lines business development
By Navneeta NandanJuly 16 - (The Insurer) - WTW has appointed Dale Porfilio as senior director and head of personal and commercial lines business development to its insurance consulting and technology (ICT) business.In his new role, Porfilio will be responsible for driving growth, market share and p...Reuters
Wed, Jul 16
Deals of the day-Mergers and acquisitions
July 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday: ** Private equity firm Warburg Pincus will acquire a majority stake in Keystone Agency Partners, the insurance broker announced.nL6N3TD0GH ** French industrial tech firm Schnei...Reuters
Wed, Jul 16
TechTarget To Cut 10% Of Workforce
July 16 (Reuters) - TechTarget Inc TTGT.O:TECHTARGET INC - COMMITS TO REORGANIZATION PLAN FOR FINANCIAL EFFICIENCY - SEC FILINGTECHTARGET INC - PLAN EXPECTED TO REDUCE 10% OF GLOBAL WORKFORCE - SEC FILINGTECHTARGET INC - COMPANY ESTIMATES CHARGES OF $19.5 MILLION TO $45 MILLION - SEC FILINGTECHTARGE...Reuters
Wed, Jul 16
OKYO Pharma Unveils Strong Phase 2 Clinical Trial Results For Urcosimod To Treat Neuropathic Corneal Pain
July 16 (Reuters) - OKYO Pharma Ltd OK11.MU:OKYO PHARMA UNVEILS STRONG PHASE 2 CLINICAL TRIAL RESULTS FOR URCOSIMOD TO TREAT NEUROPATHIC CORNEAL PAINOKYO PHARMA LTD - 75% OF PATIENTS SHOW >80% PAIN REDUCTION WITH URCOSIMODOKYO PHARMA LTD - NO SERIOUS ADVERSE EVENTS IN URCOSIMOD TRIALOKYO PHARMA L...Reuters
Wed, Jul 16
Thermo Fisher acquires Sanofi's New Jersey manufacturing site
July 16 (Reuters) - Thermo Fisher TMO.N said on Wednesday it will buy Sanofi's SASY.PA manufacturing site in Ridgefield, New Jersey, to produce critical medicines for the French drugmaker.WHY IT'S IMPORTANTSanofi has been expanding its manufacturing presence in the U.S. market, following eff...Reuters
Wed, Jul 16
Exclusive: Honeycomb expands non-admitted program to 18 states, ups total insured property limits
By Isha MaratheJuly 15 - (The Insurer) - Honeycomb, a digital landlord and condo association insurance provider, has expanded its non-admitted program to all 18 states where it writes business, increasing its total insured property limits from $10 million to $25 million.The enhanced program covers ...Reuters
Wed, Jul 16
Bank Of America CEO Brian Moynihan Says Clients Continue To See Clarity With Changes In Trade
July 16 (Reuters) - Bank of America Corp BAC.N:BANK OF AMERICA CEO BRIAN MOYNIHAN SAYS CLIENTS CONTINUE TO SEE CLARITY WITH CHANGES IN TRADE, PASSING OF THE TAX BILL AND SEE THEM UNDERSTAND THE FUTURE AND BEHAVE ACCORDINGLYBANK OF AMERICA CEO SPEAKING ON EARNINGS CONFERENCE CALLBANK OF AMERICA CFO A...Reuters
Wed, Jul 16
Armenia says US has offered to manage potential Armenia-Azerbaijan transport corridor, Armenpress reports
July 16 (Reuters) - Armenian Prime Minister Nikol Pashinyan said on Wednesday that Yerevan had received an offer from the United States to manage a potential transport corridor that would link the bulk of Azerbaijan to an Azerbaijani exclave via Armenian territory.Asked at a news conference if Armen...Reuters
Wed, Jul 16
WTO overhaul targets fairer trade, easier decision-making to end paralysis
WTO members seek to streamline decision-making systemDiscussion underway on levelling the playing field The reform drive underlines the urgency of reformBy Olivia Le Poidevin and Emma Farge GENEVA, July 16 (Reuters) - World Trade Organization members are seeking to break years of paralysis in int...Reuters
Wed, Jul 16
FDA staff raises efficacy concerns for Otsuka's PTSD combination drug
July 16 (Reuters) - The U.S. Food and Drug Administration's staff reviewers on Wednesday raised efficacy concerns over Otsuka Pharma's 4578.T combination treatment for adults with post-traumatic stress disorder (PTSD), citing inconsistent trial results and a modest treatment effect that may ...Reuters
Wed, Jul 16
Novartis cannot block generic version of Entresto, judge rules
July 16 (Reuters) - A federal judge rejected Novartis' NOVN.S request for a preliminary injunction to stop MSN Pharmaceuticals from selling a generic version of the blockbuster heart medication Entresto.In a decision on Tuesday, U.S. District Judge Evelyn Padin in Newark, New Jersey also reverse...Reuters
Wed, Jul 16
Prologis lifts annual FFO forecast as warehouse leasing rebounds
July 16 - Warehouse-focused real estate investment trust Prologis PLD.N on Wednesday raised the bottom of its forecasted range for adjusted core funds from operations in 2025, as customers resumed leasing after U.S. tariffs forced a slowdown in April.Shares of the company rose 2.6% to $111.5 in prem...Reuters
Wed, Jul 16
Marten Transport's Q2 revenue edges past estimates
OverviewMarten Transport Q2 revenue beats analyst expectations, per LSEG dataEBIT for Q2 surpasses analyst estimates, per LSEG dataCompany earnings pressured by freight market recession and inflationary costsOutlookCompany focused on minimizing freight market impact and trade policy volatilityMarten...Reuters
Wed, Jul 16
