(Reuters) – Alnylam Pharmaceuticals Inc on Thursday filed lawsuits in Delaware federal court against Pfizer Inc and Moderna Inc, claiming their multibillion-dollar mRNA COVID-19 vaccines infringe one its patents. Alnylam said it was seeking damages over the use of lipid nanoparticle (LNP) technology used in the Pfizer/BioNTech and Moderna vaccines to carry and deliver genetic…
Amazon announced Thursday it has closed its acquisition of Hollywood studio MGM, two days after European regulators said the deal “would not significantly reduce competition” in European markets. The retail giant had announced the $8.5 billion deal in May, making it the company’s second-largest acquisition following its $13.7 billion deal with Whole Foods in 2017….
By Scott Murdoch and Valentina Za SYDNEY/MILAN (Reuters) -Italian luxury yacht maker Ferretti Group is expected to kick off on Monday the process to list its shares in Hong Kong, aiming for a valuation of around $1 billion as it sells a 25% stake, two sources close to the matter said. Ferretti, controlled by Chinese…
The Fed raised rates for the first time since 2018. This marked the end of the most aggressive economic rescue in America’s history. The Fed projected seven rate hikes in 2022, a more hawkish stance than markets expected. This led to some selling pressure. However, we saw futures rip back higher during Fed Chair Jerome…
WASHINGTON (Reuters) – The federal judge hearing the Justice Department’s fight to block UnitedHealth Group’s $8 billion deal to buy Change Healthcare said on Thursday that the trial would start on August 1. The Justice Department filed a lawsuit to ask a judge to stop the deal in February, saying it would give the largest…
LONDON (AP) — Tech bosses face criminal prosecution if they fail to comply with proposed British rules aimed at ensuring people are safe online, the U.K. government said Thursday as it unveiled the draft legislation in Parliament. The ambitious but controversial online safety bill would give regulators wide-ranging powers to crack down on digital and…
WASHINGTON (Reuters) -Amazon.com Inc on Thursday said it had closed its $8.5 billion deal to buy MGM, combining the fabled movie maker behind “Rocky” and “James Bond” with the online retailing giant as it looks to draw consumers through more streaming video. In a blog post, Amazon said it would welcome all MGM employees to…
By Devik Jain and Susan Mathew (Reuters) -U.S. stock indexes were set to open lower on Thursday as investors assessed the Federal Reserve’s hawkish stance in the face of surging inflation, while keeping a wary eye on developments around the Ukraine crisis. Signs of progress in talks to end what Russia calls “a special military…
ISTANBUL (AP) — Turkey’s central bank kept interest rates unchanged for a third straight month Thursday as consumer prices surge at an eye-popping pace, coming after a series of rate cuts last year triggered a currency crisis that has made it difficult for people to buy basic goods. The latest official statistics showed inflation above…
(Reuters) -The Russian rouble firmed in Moscow on Thursday and saw volatile trade offshore but stayed weaker than 100 to the U.S. dollar in both markets, with investors watching Russia-Ukraine talks and foreign currency coupon payments on Russia’s sovereign debt. Russia said it had made debt payments that were due this week but the announcement…
