Roche to Pay $7.1 Billion for Telavant to Boost Its Pipeline
Roche Holding AG will pay $7.1 billion to acquire Telavant Holdings, Inc. in a bid to shore up its pipeline of experimental medicines.
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UniCredit Offers to Buy Greece’s Stake in Alpha Bank
UniCredit SpA offered to buy the Greek state’s 9% holding in Alpha Bank and agreed to acquire Alpha’s local unit in Romania, in a strategic deal aimed at expanding its presence in central and eastern Europe.
Eni and Qatar Sign 27-Year LNG Supply Deal for Italy
Eni SpA signed a 27-year liquefied natural gas deal with QatarEnergy, marking the Gulf nation’s third major contract with a European firm this month.
Israel Latest: Western Leaders Link Efforts to Stop War’s Spread
US President Joe Biden talked with leaders from Canada, France, Germany, Italy and the UK, intensifying diplomatic coordination to prevent the Israel-Hamas conflict from spreading.
Oil Falls as Israel Holds Off From Invasion Amid Hostage Talks
Oil declined, tracking losses in equity markets, as Israel held off on its ground invasion of Gaza amid diplomatic efforts to secure the release of more hostages.
Tensions Escalate After Chinese, Philippines Vessels Collide
Tensions over the South China Sea escalated Monday with China filing a diplomatic complaint, the Philippines summoning Beijing’s ambassador, and President Ferdinand Marcos Jr. ordering a probe a day after vessels from both nations collided in the disputed waters.
‘World’s Safest Asset’ Proves Anything But Amid Wild Treasuries
A surprisingly strong US economy and mixed signals from the Federal Reserve have fueled some of the wildest swings in Treasuries in recent memory. Add geopolitical angst and a surge in debt supply and you have a recipe for sustained volatility for months to come, market watchers say.
China Rattles Foreign Firms Again With Arrests, Foxconn Probe
Chinese authorities are again shaking the confidence of foreign companies in the country with a series of arrests across industries and an investigation into Foxconn Technology Group, Apple Inc.’s most important partner and one of the largest employers in China.
Fund Managers Are Updating Bond Models to Capture a New Risk
A growing number of asset managers is reassessing bond values tied to real assets, as a spike in the frequency of flash floods, fires and storms hits conventional pricing models.
Prabowo Declares Jokowi’s Son as Vice-Presidential Candidate
Indonesia’s Defense Minister Prabowo Subianto has named the son of President Joko Widodo as his vice-presidential candidate.