Pfizer will spend about $5.4 billion to buy Global Blood Therapeutics as the pharmaceutical giant continues to invest some of the cash influx reaped during the COVID-19 pandemic. Pfizer said Monday that the acquisition will boost its work in rare hematology. Global Therapeutics, which was founded in 2011, makes Oxybryta tablets for treating sickle cell…
By Sam Nussey TOKYO (Reuters) – SoftBank Group Corp is planning to cut headcount at its flagship Vision Fund investing arm, CEO Masayoshi Son said on Monday, after a crash in the value of its portfolio pushed his conglomerate to a record quarterly net loss. Vision Fund, which upended the world of venture capital with…
By Chavi Mehta (Reuters) -Palantir Technologies Inc lowered its annual revenue forecast to below market estimates after the data analytics software company reported a surprise loss on Monday, sending its shares down 15% in trading before the bell. The company had to temper its revenue forecast as the timing of some large government contracts remained…
HONG KONG (Reuters) – Hodlnaut, a Singapore-based crypto currency lender and borrower has suspended withdrawals, swaps and deposits, the company said on Monday, the latest sign of stress in the cryptocurrency industry. Hodlnaut said the move was “due to recent market conditions” and was “to focus on stabilising our liquidity and preserving assets”. (Reporting by…
KYIV, Ukraine (AP) — Russia and Ukraine traded accusations Monday that each side is shelling Europe’s biggest nuclear power plant in southern Ukraine. Russia claimed that Ukrainian shelling caused a power surge and fire and forced staff to lower output from two reactors, while Ukraine has blamed Russian troops for storing weapons there. Nuclear experts…
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Siemens Energy on Monday blamed a 200 million euro ($204 million) charge related to the wind-down of its Russian business for a wider net loss in 2022, but said it was still prepared to maintain turbines for the Nord Stream 1 Russian gas pipeline. The supplier of…
TOKYO (AP) — Japanese technology company SoftBank Group posted a $23.4 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates. SoftBank Group Corp.’s loss of 3.16 trillion yen was a reversal from its 762 billion yen profit in the same quarter a year…
(Reuters) -Latest U.S. inflation numbers are in markets’ sight, especially since Federal Reserve policymakers have come out in force to correct any misconception about their determination to slay decades-high inflation with big rate hikes. The fallout from Nancy Pelosi’s high-profile visit to Taiwan will be watched closely, as will Chinese and UK data while Ukraine…
By Florence Tan SINGAPORE (Reuters) -Oil prices bounced higher from multi-month lows on Monday as investors’ appetite improved following data on U.S. jobs and Chinese exports data that eased recession concerns. Brent crude futures had risen 81 cents, or 0.9%, to $95.73 a barrel by 0638 GMT. U.S. West Texas Intermediate crude was at $89.76…
SLOVIANSK, Ukraine (AP) — The echo of artillery shells thundering in the distance mingles with the din of people gathered around Sloviansk’s public water pumps, piercing the uneasy quiet that smothers the nearly deserted streets of this eastern Ukrainian city. The members of Sloviansk’s dwindling population only emerge — a few minutes at a time…
