Bloomberg Top News

Virgin Orbit Resumes Some Operations in Bid to Shake off Crisis

Virgin Orbit Holdings Inc. said it’s targeting “an incremental resumption of operations” after temporarily halting activities last week in the wake of a failed satellite launch a few months ago that threw the ambitious space program off course.

UBS Shares Storm Back to Pre-SVB Levels With Post-Deal Surge

UBS Group AG shares have erased almost all of the losses made during the past week’s banking rout, with a bond buyback announced Wednesday adding to confidence that the historic takeover of Credit Suisse Group AG will be a net positive for the firm.

Novartis Scraps Crucial Study as UK Scrambles to Revive Trials

Novartis AG is scrapping a high-profile UK clinical trial once touted as an example of National Health Service collaboration, even as the government tries to smooth the path for other studies and restore the country’s status as a destination for groundbreaking research.