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…
(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…
(Reuters) – Commissioners at the U.S. Federal Trade Commission (FTC) have not yet met to discuss Amgen’s acquisition of Horizon Therapeutics, CNBC reported on Tuesday. The news comes a day after reports that the FTC is expected to file a lawsuit as early as Tuesday to block the $27.8 billion deal. (Reporting by Leroy Leo…
By Renee Maltezou HERAKLION, Greece (Reuters) – Greek Prime Minister Kyriakos Mitsotakis told Reuters in an interview that he had learned to be bold on economic reform as he seeks re-election in a country that was once the euro zone’s problem child. The leader of the conservative New Democracy party hopes to win a second…
By Nick Carey LONDON (Reuters) – Mercedes-Benz’s van unit said on Tuesday that it plans a new, scalable platform for its electric vans that will reduce fixed costs by 20% by the middle of the decade and that electric models should make up 50% of its van sales by 2030. Electric vans should make up…
LONDON (Reuters) -Britain’s departure from the European Union has not been a failure, Prime Minister Rishi Sunak’s spokesperson said on Tuesday, rebuffing criticism from prominent eurosceptic politicians about how Brexit had been implemented. Nigel Farage, the British politician who helped force a Brexit referendum in 2016 and successfully campaigned to leave the European Union, said…
By Maggie Fick LONDON (Reuters) – AstraZeneca has decided to leave the main U.S. drug lobby group, the Pharmaceutical Research and Manufacturers of America (PhRMA), and pursue other ways of engaging in advocacy at the state and federal level, the company said. AstraZeneca decided not to continue its membership after a recent assessment of whether…
By James Davey LONDON (Reuters) – Struggling British online fashion retailer Boohoo said this year’s opening of a first distribution centre in the United States has the potential to transform its fortunes in that market as it will slash delivery times to American shoppers. Currently, orders placed in the United States, Boohoo’s largest overseas market,…
(Reuters) -SAS’s rescue has moved a step closer after a U.S. court approved a revised plan from the Scandinavian airline to raise equity. The long-suffering airline filed for U.S Chapter 11 bankruptcy protection last year. The court approval of the fundraising proposal – a key element of the “SAS Forward” rescue plan – means investors…
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…
