Novo Nordisk has agreed to buy ocedurenone, a drug for uncontrolled hypertension with potential application in cardiovascular and kidney disease, from KBP Biosciences for up to $1.3 billion, the Danish drugmaker said on Monday.
Shares of Manchester United fell as much as 23% on Monday after reports that British billionaire Jim Ratcliffe is looking to acquire only a 25% stake in the soccer club raised concerns that a buyout by Qatar’s Sheikh Jassim bin Hamad al Thani could be off the table.
Record debts, high interest rates, the costs of climate change, health and pension spending as populations age and fractious politics are stoking fears of a financial market crisis in big developed economies.
General Motors and Ford have laid out ambitious plans to spend billions developing new electric vehicles while returning capital to investors, all funded by robust profits from combustion trucks and SUVs.
Workers at Chevron’s two liquefied natural gas (LNG) plants in Australia reaffirmed their plan to resume strikes as mediated talks continued on Monday, with the U.S. energy major saying that workers were being unreasonable.
Chicago Fed president Austan Goolsbee said it is “undeniable” that the slowdown in U.S. inflation is a trend rather than a momentary blip, despite a recent string of economic data showing persistent pressure on some prices, the Financial Times reported on Monday.
UBS said it now expects the S&P 500 to hit 4,700 points only by December 2024, instead of the middle of the year as it forecast earlier, due to expectations of higher-for-longer U.S. interest rates.
Federal Reserve officials may not raise interest rates when they meet in two weeks but neither will they say their 19-month drive to hike borrowing costs is over, a difficult messaging challenge U.S. central bank chief Jerome Powell will take on this week.
Things were looking up for Tractiv in January, when the data tracking software startup was on the cusp of a deal with Marvel Studios. Now, it is on the brink, with just enough cash left to make it to Thanksgiving.
