News
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Germany's Merz sends letter to Commerzbank staff voicing opposition to UniCredit moves
BERLIN, June 10 (Reuters) - German Chancellor Friedrich Merz has told staff at Commerzbank CBKG.DE he opposes Italian lender UniCredit's CRDI.MI efforts to build up a stake in the bank, in a letter which Germany's finance minister said was "an important signal" about the government&#...Reuters
Tue, Jun 10
Unicycive Updates NDA for Oxylanthanum Carbonate to Treat CKD-Related Hyperphosphatemia
June 10 (Reuters) - Unicycive Therapeutics Inc UNCY.O:UNICYCIVE PROVIDES UPDATE ON NEW DRUG APPLICATION FOR OXYLANTHANUM CARBONATE TO TREAT HYPERPHOSPHATEMIA IN PATIENTS WITH CHRONIC KIDNEY DISEASE ON DIALYSISUNICYCIVE THERAPEUTICS INC - FDA FINAL DECISION ON OLC NDA EXPECTED BY JUNE 28, 2025UNICYCI...Reuters
Tue, Jun 10
Beazley adds Swiss Re's Wunderlich as head of parametric insurance
By Henry GaleJune 10 - (The Insurer) - Specialty insurer Beazley has appointed Swiss Re Corporate Solutions' Stefan Wunderlich as head of parametric insurance, the company said on Tuesday.He will be based in Zurich, Switzerland, and report to Richard Montminy, Beazley’s group head of property ri...Reuters
Tue, Jun 10
Recursion Pharmaceuticals Announces Personnel And Infrastructure Reduction - SEC Filing
June 10 (Reuters) - Recursion Pharmaceuticals Inc RXRX.O:RECURSION PHARMACEUTICALS INC - ANNOUNCES PERSONNEL AND INFRASTRUCTURE REDUCTION - SEC FILINGRECURSION PHARMACEUTICALS INC - WORKFORCE REDUCTION EXPECTED TO BE ABOUT 20% - SEC FILINGRECURSION PHARMACEUTICALS INC - PROJECTED CASH RUNWAY EXPECTE...Reuters
Tue, Jun 10
EU to target Nord Stream and Russian oil cap in new sanctions package, FT reports
June 10 (Reuters) - The European Commission is to propose lowering the Russian oil price cap and banning the use of Nord Stream infrastructure as part of a fresh round of sanctions against Moscow, the Financial Times reported on Tuesday.The package will include lowering the existing oil price cap fr...Reuters
Tue, Jun 10
Tencent Music Entertainment Announced Proposed Acquisition Of Ximalaya Inc - SEC Filing
June 10 (Reuters) - Tencent Music Entertainment Group 1698.HK:TENCENT MUSIC ENTERTAINMENT GROUP - ANNOUNCED PROPOSED ACQUISITION OF XIMALAYA INC -SEC FILINGTENCENT MUSIC ENTERTAINMENT- UNDER PROPOSED DEAL XIMALAYA’S SHAREHOLDERS TO GET COMBINATION OF CASH OF $1.26 BILLION & STOCK OF CLASS A ORDI...Reuters
Tue, Jun 10
IBM To Build World's First Large-Scale, Fault-Tolerant Quantum Computer At New Data Center
June 10 (Reuters) - International Business Machines Corp IBM.N:IBM SETS THE COURSE TO BUILD WORLD'S FIRST LARGE-SCALE, FAULT-TOLERANT QUANTUM COMPUTER AT NEW IBM QUANTUM DATA CENTERINTERNATIONAL BUSINESS MACHINES CORP - QUANTUM STARLING TO BE BUILT IN POUGHKEEPSIE, NEW YORK BY 2029Reuters
Tue, Jun 10
Applied Underwriters names Smith United Risk’s EU and UK regional CEO
By Michael JonesJune 10 - (The Insurer) - Applied Underwriters has promoted Hayden Smith to regional CEO for United Risk’s EU, UK and British Commonwealth markets, the company said on Tuesday.Smith will oversee the company’s EU, UK and British Commonwealth business and manage further expansion in th...Reuters
Tue, Jun 10
Inclusive Finance or Fiscal Redistribution? The Dual Nature of the “Trump Account” Plan
U.S. former President Donald Trump recently announced the “Trump Account” initiative, under which every child born in the U.S. between 2025 and 2029 would receive an initial USD 1,000 investment fund.TradingKey
Tue, Jun 10
Aurora launches Lloyd’s-backed property owners product
By Michael JonesJune 10 - (The Insurer) - Algorithmic insurance platform Aurora has launched a property owners product, the company said on Tuesday.Aurora said the Lloyd’s-backed product will provide up to 3.5 million pounds ($4.7 million) of comprehensive coverage, with immediate plans to increase ...Reuters
Tue, Jun 10
Recursion to lay off 20% of workforce, narrows focus amid biotech downturn
By Mariam Sunny June 10 (Reuters) - Recursion Pharmaceuticals RXRX.O said on Tuesday it will lay off around 20% of its workforce and focus on developing drugs for rare diseases and cancers to reduce cash burn during a prolonged biotech industry downturn. Growing concerns over health policy...Reuters
Tue, Jun 10
New Jersey voters choose governor nominees as Trump looms over campaign
Trump is central character in Democratic, Republican campaignsDemocrats vie to replace New Jersey Governor Phil MurphySherrill holds steady lead in polls but margins are narrowBy Joseph AxPRINCETON, New Jersey, June 10 (Reuters) - New Jersey voters head to the polls on Tuesday to select Democratic a...Reuters
Tue, Jun 10
Trump to mark Army milestone as troops deployed to Los Angeles
Trump's visit marks Army's 250th anniversarySpeech comes as Marines deployed to Los AngelesEvent comes ahead of Saturday's parade in WashingtonBy Trevor Hunnicutt WASHINGTON, June 10 (Reuters) - President Donald Trump will address U.S. soldiers on Tuesday as his administration deploys...Reuters
Tue, Jun 10
Kennedy's firing of independent CDC advisers undermines vaccine confidence, experts say
By Julie Steenhuysen CHICAGO, June 10 (Reuters) - U.S. Health Secretary Robert F. Kennedy Jr.'s dismissal of an independent panel of experts citing the goal of restoring trust in vaccines could undermine confidence in those available now, putting Americans at risk of preventable infectious di...Reuters
Tue, Jun 10
ANALYSIS-Hims & Hers says its weight-loss business can grow as US market changes
Cigna's Express Scripts and CVS's Wegovy offerings could eat into Hims’ cash-pay market, analysts sayHims shares fell 14% in the week after FDA compounding deadlineAnalysts say personalized semaglutide production could jeopardize partnership with Novocare pharmacy By Amina Niasse June 10 ...Reuters
Tue, Jun 10
