(Reuters) – Teva Pharmaceutical Industries said on Thursday it will transfer ownership of its business venture that sold generics in Japan to JKI. Israel-based Teva’s deal with JKI will transfer all the shares of the unit Teva-Takeda and its subsidiary Teva Takeda Yakuhin to the firm. Teva-Takeda is a joint venture established in 2016 by …
Pharma firm Teva to divest its business venture in Japan Read More »
By Patrick Wingrove (Reuters) – Eli Lilly said on Thursday it will invest $3 billion to expand the manufacturing plant it bought in Pleasant Prairie, Wisconsin earlier this year, as it scrambles to meet soaring demand for its weight-loss and diabetes drugs. The new investment in the factory, which it acquired from Nexus Pharmaceuticals, will …
Lilly invests $3 billion to expand Wisconsin plant as obesity drug demand soars Read More »
By Siddharth Cavale NEW YORK (Reuters) -Walmart Inc, Amazon.com and fast-growing e-commerce sites Shein and PDD Holding’s Temu saw record-breaking sales on Black Friday and Cyber Monday, according to spending data, suggesting that they may finish the holiday season on a much stronger note than Target and Best Buy, which struggled. Holiday shoppers largely browsed …
Walmart, Amazon holiday spending rise as Target, Best Buy stumble, data shows Read More »
(Reuters) – A U.S. federal appeals court on Friday upheld a law that could force China-based ByteDance to sell its short video app TikTok in the United States. Here is a look at some of the key passages from the blockbuster ruling, which rejected claims that the law will infringe the U.S. Constitution’s First Amendment …
Key quotes in US appeals court’s blockbuster TikTok ruling Read More »
By William Schomberg LONDON (Reuters) – One of Britain’s leading employers’ groups on Friday cut its estimate for economic growth next year due to measures in the new government’s first budget, striking a gloomier note than other recent forecasts. Growth in 2025 is now seen at 1.6%, the Confederation of British Industry (CBI) said, down …
UK employers cut growth forecasts as tax hikes weigh on economy Read More »
By Stefania Spezzati LONDON (Reuters) – The UK’s Financial Conduct Authority is scrutinising allegations that some former Credit Suisse employees shared confidential information over the WhatsApp messaging platform, documents seen by Reuters show. The FCA, which regulates financial firms in the United Kingdom, is reviewing the conduct of several Credit Suisse staff in its roughly …
(Reuters) – Stellantis is recalling 317,630 vehicles in the U.S. due to a problem with the hydraulic control unit that may cause systems including the anti-lock brake to fail, the U.S. auto safety regulator said on Friday. The recall includes Ram 2500 Pickup and Ram 3500 Pickup trucks from 2017 to 2018 model years. (Reporting …
Stellantis recalls over 300,000 U.S. vehicles due to issues with hydraulic control Read More »
By Michael Martina and Eric Beech WASHINGTON (Reuters) -U.S. President-elect Donald Trump said he has chosen former Senator David Perdue to be ambassador to China, tapping a former politician with business experience to help steer relations riven by deep mistrust and trade tensions. “He will be instrumental in implementing my strategy to maintain Peace in …
Trump picks former Senator David Perdue as ambassador to China Read More »
By Diego Oré MEXICO CITY (Reuters) – Mexico’s migration agencies are facing a budget crunch that leaves them poorly placed to handle the mass deportations promised by President-elect Donald Trump, two Mexican government sources said, adding to concerns about the country’s preparedness. The two sources, involved in the early planning around possible deportations, said proposed …
Mexico budget cuts leave it poorly placed to handle Trump deportations, sources say Read More »
By Orhan Qereman HASAKEH, Syria (Reuters) -A U.S.-backed alliance led by Syrian Kurdish fighters captured the main city in eastern Syria and the main border crossing with Iraq on Friday, taking effective control of Syria’s vast eastern desert in two rapid moves. Two security sources based in eastern Syria said that by Friday afternoon the …
US-backed Syrian Kurds seize eastern city of Deir el-Zor, sources say Read More »
