(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:…
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…
LONDON (Reuters) – Buying Teck Resources’ coal business as a standalone unit is a “distant second” for Glencore and Teck should not leave out the Swiss miner if it keeps pursuing its separation plan, boss Gary Nagle told the Bank of America conference in Barcelona on Tuesday. Teck has rebuffed the Swiss miner and trader’s…
By Sam Jabri-Pickett (Reuters) – Canada’s oil hub of Alberta will hold an election on May 29, which is expected to be a tight race between incumbent United Conservative Party (UCP) leader and premier, Danielle Smith, and former premier and leader of the New Democratic Party, Rachel Notley. Here are the profiles of the two…
By Divya Rajagopal TORONTO (Reuters) – Glencore’s hostile bid for Teck Resources has galvanized some Canadian institutional investors, who have lobbied the federal government to push the nation’s biggest pension funds to lift their exposure to domestic companies, according to a presentation seen by Reuters. The previous unreported proposal is an unusual move, but mirrors…
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Automaker Stellantis has stopped construction at a more-than C$5 billion ($3.7 billion) electric-vehicle battery plant in Canada amid talks with the federal government about its support for the factory. “Effective immediately, all construction related to the battery module production on the Windsor site has stopped,” a spokesperson said,…
By Steve Holland and David Brunnstrom WASHINGTON (Reuters) – The G7 summit U.S. President Joe Biden attends in Japan this week will show leaders unified behind a common approach to dealing with China based on shared values, even while recognizing each country will manage its own relationship with Beijing, a senior U.S. administration official said…
By David Shepardson WASHINGTON (Reuters) -General Motors said on Monday it will recall 42,000 sport utility vehicles in Canada from the 2014 through 2017 model years because the driver’s air-bag inflator may explode during deployment. On Friday, GM recalled 994,763 Buick Enclave, Chevrolet Traverse, and GMC Acadia vehicles in the United States from the 2014-2017…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell from a five-week high on Monday, as investors consolidated gains made last week on the greenback and awaited news from Washington on how to address the debt ceiling issue, which could force the U.S. government to default on its debt if not resolved. In emerging…
By Trevor Hunnicutt and Andreas Rinke WASHINGTON/BERLIN (Reuters) – Leaders of the Group of Seven (G7) nations plan to tighten sanctions on Russia at their summit in Japan this week, with steps aimed at energy and exports aiding Moscow’s war effort, said officials with direct knowledge of the discussions. New measures announced by the leaders…
