Business

Merck to create separate cancer business to offset Keytruda patent loss

Monday, February 23 by SRN News

Feb 23 (Reuters) - Merck said on Monday it will split its human-health business into two divisions, separating its blockbuster cancer franchise led by Keytruda from its non-oncology medicines. The shake-up comes as the drugmaker braces for the looming loss of exclusivity on Keytruda, which... Read More.

Gilead to acquire cancer therapy developer Arcellx for up to $7.8 billion

Monday, February 23 by SRN News

Feb 23 (Reuters) - Gilead Sciences said on Monday it will buy cancer therapy partner Arcellx for an implied equity value of $7.8 billion, expanding their cell therapy development collaboration that started in 2022. Shares of Arcellx climbed 77.8% to $113.99 while Gilead fell about... Read More.

Novo Nordisk slump wipes out last Wegovy-era gains after trial setback

Monday, February 23 by SRN News

Feb 23 (Reuters) - Novo Nordisk shares fell more than 15% on Monday, wiping away the last gains Wegovy's launch had brought, after the drugmaker said its next-generation obesity drug CagriSema underperformed Eli Lilly's tirzepatide in a trial. The trial was designed to show CagriSema... Read More.

Switzerland says still aiming for legally-binding trade deal with U.S

Monday, February 23 by SRN News

ZURICH, Feb 23 (Reuters) - Switzerland still plans to broker a legally-binding agreement from talks with the United States aimed at finalising a preliminary deal struck in late 2025 that cut U.S. tariffs on Switzerland to 15% from 39%, the government said on Monday. The... Read More.

Morning Bid: Supreme uncertainty

Monday, February 23 by SRN News

By Mike Dolan Feb 23 - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets It's fair to say financial markets are just as confused about U.S. trade policy as foreign leaders who are now left questioning which tariffs apply... Read More.

Domino’s beats US sales estimates as deals attract budget-conscious customers

Monday, February 23 by SRN News

By Anuja Bharat Mistry and Krisha Bhatt Feb 23 (Reuters) - Domino's Pizza beat Wall Street estimates for fourth-quarter U.S. same-store sales on Monday, as value-driven promotions and new menu items fueled demand, sending the pizza chain's shares up about 5% in premarket trading. Consumers, especially... Read More.

EU diplomats scramble to overcome Hungary’s threat to derail new sanctions on Russia

Monday, February 23 by SRN News

BRUSSELS (AP) - The European Union's latest sanctions package targeting Russia's shadow fleet and energy revenues is being blocked by Hungary, the bloc's top diplomat said Monday. EU foreign policy chief Kaja Kallas said the bloc's 27 foreign ministers gathering in Brussels would likely not... Read More.

Australia’s Lendlease hits near four‑decade low after swinging to first‑half loss

Monday, February 23 by SRN News

By Kumar Tanishk and Rajasik Mukherjee Feb 23 (Reuters) - Australia's Lendlease Group swung to a first-half loss on Monday, pressured by impairments and a fall in the valuation of its foreign properties, sending its shares to a near four-decade low. The property developer logged a... Read More.

From bakeries to beauty shops, Russian businesses are feeling the pain from a new wartime tax policy

Monday, February 23 by SRN News

Denis Maksimov's bakery in suburban Moscow became famous overnight after he appeared on President Vladimir Putin's annual call-in show in December. Standing in front of the bakery - called Mashenka, after his oldest daughter -- he pleaded with Putin via video to look into new... Read More.

Analysis-US tariff turmoil leaves Treasury markets dazed

Monday, February 23 by SRN News

By Laura Matthews and Sinéad Carew NEW YORK/LONDON, Feb 23 (Reuters) - Far from being a source of relief, the Supreme Court's takedown of President Donald Trump's tariffs has infused new risks and uncertainties into trade policy, U.S. debt and the dollar. The Court made no... Read More.

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Current Weather

Merck to create separate cancer business to offset Keytruda patent loss

Gilead to acquire cancer therapy developer Arcellx for up to $7.8 billion

Novo Nordisk slump wipes out last Wegovy-era gains after trial setback

Switzerland says still aiming for legally-binding trade deal with U.S

Morning Bid: Supreme uncertainty

Domino’s beats US sales estimates as deals attract budget-conscious customers

EU diplomats scramble to overcome Hungary’s threat to derail new sanctions on Russia

Australia’s Lendlease hits near four‑decade low after swinging to first‑half loss

From bakeries to beauty shops, Russian businesses are feeling the pain from a new wartime tax policy

Analysis-US tariff turmoil leaves Treasury markets dazed

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