Reuters

(Reuters) - Biogen said on Wednesday it had agreed to buy privately held Human Immunology Biosciences for $1.15 billion in upfront and up to $650 million in potential milestone payments.

(Reporting by Manas Mishra in Bengaluru; Editing by Sriraj Kalluvila)

By Fergal Smith

TORONTO (Reuters) - Canada's commodity-linked main stock index will take a breather for the rest of this year but is set to notch record highs as metal prices climb and expected lower borrowing costs bolster the outlook for the domestic economy, a Reuters poll found.

The TSX has added 7.2% since the start of the year, moving above its previous record closing high set in March 2022 to end at 22,468.16 on Tuesday.

(Reuters) -TJX Cos raised its annual profit forecast and beat first-quarter sales estimates on Wednesday, helped by easing costs and robust demand.

Off-price product categories including apparel and home goods has helped drive demand at TJX for four straight quarters, while its efforts to improve inventory management and lower discounts strengthened its margins to 30%, a 1.1 percentage points increase compared to a year earlier.

The company's... (continue reading...)

(Reuters) - The conditions to officially recognise Palestine as a state have not yet been met, France's foreign minister said on Wednesday, after a group of other European states announced such a move in the hope that this will help bring peace to the region.

"This is not just a symbolic issue or a question of political positioning, but a diplomatic tool in the service of the solution of two States living side by side in peace and security", Stephane... (continue reading...)

LONDON (Reuters) -Prime Minister Rishi Sunak repeated on Wednesday that a national election would be held in the second half of the year when asked about unconfirmed rumours in parliament that the British leader might call a poll to take place in the summer.

Sunak has met repeated questions about a possible early election with the line that the next national vote will be held in the second half of the year, with some lawmakers expecting that to take place... (continue reading...)