GSK bets $2 billion on Bellus cough drug to soothe pipeline fears
By Natalie Grover and Aby Jose Koilparambil (Reuters) -GSK plans to buy Canada-based drug developer Bellus Health Inc in an…
Business
UK regulator probes Amazon’s planned purchase of iRobot
(Reuters) -Britain’s competition regulator said on Tuesday it has launched a “Phase 1” probe into Amazon.com Inc’s planned $1.7 billion…
EU may struggle to catch up with U.S., Asia in chips subsidies race
By Foo Yun Chee and Supantha Mukherjee BRUSSELS/STOCKHOLM (Reuters) – The European Union agreed a 43-billion-euro ($47 billion) chip subsidies…
Teck’s base metals business attracts offers from Freeport, Vale, Anglo – sources
By Mrinmay Dey (Reuters) -Teck Resources Ltd has been approached by Vale SA, Anglo American Plc and Freeport-McMoRan Inc among…
Microsoft developing its own AI chip – The Information
(Reuters) – Microsoft Corp is developing its own artificial intelligence chip code-named “Athena” that will power the technology behind AI…
Raytheon, Lockheed executives banned from China
BEIJING (Reuters) – China has banned senior executives of Raytheon Missiles & Defense and Lockheed Martin Corp from entering, working,…
Russian central bank official sees 2023 growth close to 1%
MOSCOW (Reuters) – Russia’s economic growth this year is likely to come in at the top end of the central…
French shipper CMA CGM offers $5.5 billion for Bollore logistics unit
By Mathieu Rosemain and Gus Trompiz PARIS (Reuters) -French shipping group CMA CGM is offering 5 billion euros ($5.48 billion)…
BNY Mellon beats profit estimates as higher rates boost interest income
(Reuters) – Bank of New York Mellon Corp beat first-quarter profit estimates on Tuesday, benefiting from the Federal Reserve’s rate…
Exclusive-Fed’s Bullard discounts recession talk, favors more rate hikes
By Howard Schneider ST. LOUIS (Reuters) – The U.S. central bank should continue raising interest rates on the back of…