(Reuters) – Novavax Inc said on Monday its longtime chief executive officer, Stanley Erck, would retire and be succeeded by industry veteran John Jacobs, at a time when the COVID-19 vaccine maker looks to catch up with larger rivals. Novavax shares were up about 5% in premarket trade. Jacobs takes over the role effective Jan….
By Leroy Leo and Aditya Samal (Reuters) – Johnson & Johnson will look for opportunities to merge with or acquire firms that add value to its focus areas of eye care, surgical robots, orthopedics and cardiovascular products, the company’s Chief Executive Officer Joaquin Duato said on Monday. The healthcare giant is in the process of…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose over 1% on Monday after China’s move to reopen its borders boosted the outlook for fuel demand and overshadowed global recession concerns. The rally was part of a wider boost for risk sentiment supported by both the reopening of the world’s biggest crude importer and hopes…
By Gabriel Araujo and Karin Strohecker SAO PAULO/LONDON (Reuters) -Brazilian equities were higher in choppy trade on Monday, a day after thousands of supporters of former President Jair Bolsonaro stormed government buildings in the capital, echoing the Jan. 6, 2021, insurrection in Washington. The Brazilian real weakened roughly 0.55% against the dollar in spot trading,…
(Reuters) – Mattel Inc’s Fisher-Price brand on Monday reannounced the recall of about 4.7 million “Rock ‘n Play” sleepers, following at least eight more deaths that occurred after the original recall in 2019. The product was launched in 2009 and first recalled a decade later after more than 30 infant fatalities were reported. A total…
By David Carnevali (Reuters) – Private equity firms that deemed drug development too risky for their liking in the past are increasingly investing in the sector, raising dedicated funds and coming up with deals that compensate them for the uncertainty involved. These firms are seeking to capitalize on the growing gap between the supply of…
By Nate Raymond (Reuters) -The U.S. Supreme Court on Monday declined to again hear a multi-billion dollar case pursued by shareholders of Fannie Mae and Freddie Mac arising from the federal government’s takeover of the mortgage finance firms during the 2008 financial crisis. The justices turned away an appeal by the investors of a lower…
FRANKFURT (Reuters) – Activist investment fund Inclusive Capital Partners, run by hedge fund veteran Jeffrey Ubben, said on Monday it had acquired a 0.83% stake in Bayer, as the German drugs and agriculture group continues to suffer from a weak market value. Inclusive Capital said in a statement it had acquired 8.18 million Bayer shares…
(Reuters) – Credit Suisse Group AG is close to an agreement to acquire former Citigroup executive Michael Klein’s advisory boutique, Bloomberg News reported on Monday. The Swiss bank will value M. Klein & Company at around a few hundred million dollars, the report said, citing people familiar with the matter. Credit Suisse declined to comment…
KYIV (Reuters) – Ukraine has exported almost 23.6 million tonnes of grain so far in the 2022/23 season, down from the 33.5 million tonnes exported by the same stage of the previous season, agriculture ministry data showed on Monday. The volume included around 8.6 million tonnes of wheat, 13.3 million tonnes of corn and about…
