International Companies
Gilead Sciences to buy Immunomedics in $21bn deal
Gilead Sciences has agreed to buy biotech company Immunomedics in a $21bn deal.
Tesla to export China-made Model 3 vehicles to Asia and Europe:
Tesla is planning to export Model 3 vehicles made in China to Asian and European markets, two sources familiar with the matter told Reuters on Friday.
Euronext in talks with CDP about bid for LSE's Borsa Italiana
Euronext confirmed on Friday that it is in talks with Italian state lender Cassa Depositi e Prestiti (CDP) about submitting an offer to London Stock Exchange to buy Borsa Italiana.
Baidu in negotiations to raise $2bn to launch biotech company
Chinese search giant Baidu is negotiating with its investors to raise up to $2bn over three years to launch a new biotech company, reported Reuters on Thursday.
BioNTech and Pfizer announce positive result in pre-clinical trial for Covid-19 vaccine
One of the Covid-19 vaccine candidates being developed by German outfit BioNTech and Pfizer succeeded in pre-clinical challenge trials.
Pfizer, BioNTech strike deal to supply EU with potential Covid vaccine
Pfizer and BioNTech have struck a deal to supply the European Union's members states with 200m doses of a potential Covid-19 vaccine, it was announced on Wednesday.
LVMH to walk away from Tiffany takeover
French luxury goods company LVMH said on Wednesday it was prepared to walk away from its planned takeover of Tiffany, triggering a lawsuit from the American luxury jeweller in response.
Ryanair cuts annual passenger target as it 'writes off' winter
Ryanair boss Michael O’Leary has said the approaching winter season will be a "write off" as the low-cost airline cut its annual passenger target for the second time.
AstraZeneca pauses Covid-19 vaccine trial to review safety data
AstraZeneca paused the phase three clinical trial of the Covid-19 vaccine candidate that it was developing in conjunction with the University of Oxford, in response to a "potentially unexplained illness" in one of the participants.
IAG obtains regulatory approvals to continue flying in case of no-deal Brexit
British Airways owner International Consolidated Airlines said on Tuesday it had obtained the necessary regulatory approvals to continue flying freely regardless of whether there is a Brexit deal in place or not by the end of the year.
Global pharma bosses vow to put science first in race for Covid-19 vaccine
The bosses of nine of the world's largest pharmaceutical companies pledged to put science and safety first in the race to find a vaccine for Covid-19.
Tesla tanks after being left out of S&P 500 index
Tesla shares tanked in pre-market trade on Tuesday after the stock was left out of the S&P 500 index.
China accuses US of 'bullying' after reports of sanctions on SMIC
China accused the US government of the “blatant bullying” of Chinese companies following reports that Washington would be imposing sanctions on chipmaker Semiconductor Manufacturing International Corp.
CMA slaps fines on Amazon over delays in investigation of Deliveroo stake purchase
The UK's competition watchdog has slapped two penalties on US retailing giant Amazon worth a combined £55,000 related to its May 2019 purchase of a minority stake in Deliveroo.
Chinese owner plans Thomas Cook revival
Travel company Thomas Cook could be relaunched in the near future as reports claim its Chinese owner is planning a revival of the name.
Orange launches 5G network in Spain
Orange launched its 5G network in five large Spanish cities on Monday, a week after rival Telefónica.
Moderna slows Covid-19 vaccine trial enrollment
Moderna is slowing the enrollment of volunteers in its phase three clinical trial for its Covid-19 vaccine candidate in order to ensure that minorities, who are among the most at risk population groups, are adequately represented.
Oil companies to ramp up plastic supply to counter shift to renewable energy
Oil companies are set to ramp up their plastic production in a move to offset the shift towards renewable energy sources.
Russian vaccine candidate obtains positive peer reviews
Russia's Covid-19 vaccine candidate generated an immune response without any adverse side effects, according to a peer-reviewed study.
Whatsapp reveals new vulnerabilities in platform
Facebook-owned messaging app Whatsapp revealed six previously undisclosed new vulnerabilities that it has now fixed.