(Reuters) – A U.S. antitrust regulator said on Tuesday it will sue to stop Amgen’s $27.8 billion deal for Horizon Therapeutics Plc, as it would give Amgen “monopoly positions” in treatments for thyroid eye disease and chronic refractory gout. Here is a list of some mergers that recently faced strong antitrust scrutiny around the world:…
(Reuters) – A Colombian man has been sentenced to five years and two months in prison for spreading “fake news” about the actions of Russian armed forces in Ukraine in a rare case of Russia applying its war censorship laws against a foreigner, independent Russian news outlet Mediazona reported on Tuesday.Alberto Enrique Giraldo Saray was…
By Hyunjoo Jin and Tanya Jain (Reuters) -Tesla Inc CEO Elon Musk will be under pressure to address investor concerns about the lack of a clear successor, softening demand and delays of some new models when he speaks at the electric carmaker’s annual shareholder meeting on Tuesday. His commitments to ventures such as a new…
By Paul Sandle and Sarah Young LONDON (Reuters) -New Vodafone boss Margherita Della Valle said she would cut 11,000 jobs globally over three years to help the telecoms group regain its competitive edge after it warned that a poor performance in its biggest market Germany would hit cash flow. Shares in Vodafone, which has underperformed…
By Devayani Sathyan BENGALURU (Reuters) – The Philippines central bank will likely leave its key interest rate unchanged at 6.25% on Thursday, and keep it there for the rest of 2023, marking an end to a year-long tightening cycle as inflation shows signs of cooling, a Reuters poll found. Although annual inflation slowed to 6.6%…
(Reuters) – BlackRock Inc, the world’s largest asset manager, has asked its staff to return to office at least four days a week, according to an internal memo seen by Reuters. “We will shift to at least four days per week in the office, with the flexibility to work from home one day per week,”…
By Ali Kucukgocmen and Ece Toksabay ANKARA (Reuters) – Turkish President Tayyip Erdogan’s AK Party came out on top in Sunday’s elections in 10 of the 11 provinces hit by February’s earthquakes, with analysts saying his vow to rebuild devastated cities had reassured voters in what are mostly AKP strongholds. The ruling party’s strong showing,…
PARIS (Reuters) – U.S. investment bank Moelis & Co is strengthening its presence in France by hiring Edouard Debost from JPMorgan, it said on Tuesday. Debost, who will join Moelis as managing director in July, previously led JPMorgan’s private client advisory team for the Europe, Middle East and Africa region, the listed boutique bank said…
NEW YORK (Reuters) – The United States has charged a Chinese national with violating U.S. sanctions by providing to Iran materials used to produce ballistic missiles, federal prosecutors in Manhattan said on Tuesday. Xiangjiang Qiao works at Sinotech Dalian Carbon and Graphite Manufacturing Corporation, a China-based company which the U.S. Treasury Department placed on a…
(Reuters) -The U.S. Federal Trade Commission is expected to file a lawsuit as early as Tuesday to block Amgen Inc’s $27.8 billion deal to buy Horizon Therapeutics PLC, a person familiar with the matter told Reuters. Amgen struck a deal last year to buy Horizon to strengthen its rare diseases drugs portfolio. The company has…
