(Reuters) -Drugmaker Bristol Myers Squibb and private equity firm Bain Capital will launch an independent company focused on developing immunology drugs, backed by Bain's $300 million financing round, the companies said on Monday.
The new company will work on five experimental drugs licensed from Bristol Myers, including a late-stage lupus treatment and a mid-stage psoriasis drug that has shown promise in trials.
Bristol Myers will retain... (continue reading...)
MEXICO CITY (Reuters) -Mexican telecommunications giant America Movil will overhaul its operations in Chile, it said on Monday, after it took full control of the unit in a share purchase from Liberty Latin America.
America Movil and Liberty Latin America announced in 2021 they were launching the Chilean joint venture, combining America Movil's Claro Chile and Liberty's VTR to form ClaroVTR. America Movil took a 91% stake in the firm last year.
... (continue reading...)(Reuters) -Harley-Davidson is in talks with Pacific Investment Management Co and KKR & Co. to sell a stake in its financing unit and existing motorcycle loan portfolio in a deal worth $5 billion, Bloomberg News reported on Monday, citing people familiar with the matter.
(Reporting by Anshuman Tripathy in Bengaluru; Editing by Leroy Leo)
(Reuters) -Brown & Brown posted a rise in second-quarter profit on Monday as the insurance broker benefited from higher commissions and fees driven by growing demand.
Insurance spending has continued to grow, even as businesses and individuals pull back in other areas, driven by efforts to guard against climate-related disasters and emerging risks such as cyber threats.
The sector's resilience stems from its role as a financial safeguard,... (continue reading...)
(Reuters) -Berkshire Hathaway will sell about one-third of its more than $4 billion stake in VeriSign, an internet infrastructure and domain name registry company that Warren Buffett's conglomerate has invested in since 2012, VeriSign said on Monday.
VeriSign, based in Reston, Virginia, said the sale of 4.3 million shares was intended to reduce Berkshire's stake to below 10%, a threshold that triggers regulatory obligations.
Berkshire may... (continue reading...)
More Reuters
View Older Stories-
Hartford profit surges as insurance demand, investment income climb
-
Steelmaker Nucor quarterly profit falls on rising raw material costs
-
Caribbean seeks stronger Africa trade as traditional routes waver
-
Procter & Gamble names Shailesh Jejurikar as CEO, replacing Jon Moeller
-
US airlines oppose new limits on facial recognition at airport checkpoints
-
Trading Day: Fading trade deal relief?
-
Bank of America appoints new tech chief as Bhasin retires, memo shows
-
Analysis-EU's $250 billion-per-year spending on US energy is unrealistic
-
Cincinnati Financial's quarterly profit more than doubles on higher premiums, interest income
-
Cadence raises annual forecasts after US lifts China export curbs on chip design software
-
US FDA approves PTC Therapeutics' metabolic disorder drug
-
US government probes Duke University in latest federal funding threat
-
Angola fuel hike protests turn violent, local media report
-
Senator to unveil aviation safety bill on eve of fatal crash hearing
-
Cadence to plead guilty and pay $140 million to US for China sales
-
Scale AI competitor Micro1 raising funds at $500 million valuation, sources say
-
Venture Global okays construction of CP2 LNG project, shares rise 5%
-
Houthis say they hold 10 crew from Greek-operated ship they sank off Yemen
-
Two stabbed to death near Tower Bridge in central London, police say
-
Zelenskiy praises Trump for 'clear stance' in shortened deadline for Russia
-
Trump says he turned down invitation to Epstein's island
-
Spirit Airlines to furlough 270 pilots, demote 140 more on downsized schedule
-
EU-US trade deal expected to confirm duty-free trade in spirits, French exporters say
-
Detained magnate Plahotniuc willing to be extradited to Moldova, lawyer says
-
US agency to probe FAA shift of airspace, controllers overseeing Newark
-
EU-US trade deal could add up to $19 billion in pharma industry costs, analysts say
-
'Partisans' who paralyzed Russian airports have track record of disruptive hacks
-
Germany's Merz says he did not expect better EU-US trade deal, German economy will suffer
-
Peru mulls green light for $6 billion in mining projects
-
Spy satellite agency says law enforcement probing 'incident' affecting contracting site
-
US health chief Kennedy targets vaccine injury compensation program
-
Russia's Medvedev says Trump's 'ultimatum' could lead to war
-
Microsoft launches AI-based Copilot Mode in Edge browser
-
Trump eyes 'world tariff' of 15-20% for most countries
-
Wine producers in Italy's Valpolicella brace for US tariffs
-
EssilorLuxottica's first-half operating profit up 4.1%
-
Two killed in shooting at Nevada casino, local media reports
-
Germany's Merz announces Gaza aid airlift, mulls upping ante on Israel
-
US urges UN Security Council to adjust sanctions on Syria
-
How US-EU aerospace rivals united to preserve tariff-free aircraft trade
-
Warner Bros to get studio business after split, Discovery to house news, sports brands
-
U.S. to help Argentina reenter visa waiver program, DHS says
-
Chile will ask U.S. to include copper within U.S.-Chile trade deal
-
US smartphone market sees sluggish growth as India-made phones surge, Canalys says
-
Two rights groups are first Israeli voices to accuse Israel of genocide
-
UN chief Guterres: creeping annexation of West Bank, wholesale destruction of Gaza must stop
-
Exclusive-Taiwan's Lai set to push back U.S. stopover as U.S.-China trade talks continue, sources say
-
US to allow federal workers to promote religion in workplaces
-
Mexico's Pemex swings to net profit, helped by peso recovery
-
Visa, Mastercard set for higher profits on solid spending trends
