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Reuters exclusively reported that Activist investor Elliott Investment Management has built a stake in BioMarin Pharmaceutical (BMRN.O) and has been in discussions with the biotechnology company for months about its future. The hedge fund, which oversees some $60 billion in assets, has spent over $1 billion on the stake in BioMarin, which focuses on rare […]

Reuters was first to report that U.S. health insurer Cigna Group (CI.N) is exploring the sale of its Medicare Advantage business, which manages government health insurance for people aged 65 and older, a move that would mark a reversal of its expansion in the sector.   The post Cigna explores shedding Medicare Advantage business  appeared first […]

Reuters exclusively reported that social media researchers have canceled, suspended or changed more than 100 studies about X, formerly Twitter, as a result of actions taken by Elon Musk that limit access to the social media platform, nearly a dozen interviews and a survey of planned projects show.  The post Elon Musk’s X restructuring curtails […]

Reuters was first to report that FTX founder Sam Bankman-Fried was found guilty on Thursday of stealing from customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former billionaire’s fall from grace.  The post Sam Bankman-Fried convicted of multi-billion-dollar FTX fraud   appeared first […]

Reuters exclusively reported that Siemens Energy had secured a provisional deal for around 15 billion euros in project-related guarantees from the German government, Siemens AG and commercial banks, marking a breakthrough for the energy equipment maker after weeks of intense discussions.  The post Siemens Energy secures provisional deal for guarantees  appeared first on Reuters News […]

Reuters was first to report China’s largest single-day soybean purchase this year, as logistical troubles in Brazil make U.S. soybeans more attractive to the world’s largest importer of the valuable cash crop.  The report, citing traders, that Chinese importers bought around 10 cargoes of soybeans, or about 600,000 metric tons, for shipment from U.S. Gulf […]

Reuters was first to exclusively report that Southeast Asian countries are taking a business-friendly approach to artificial intelligence regulation in a setback to the European Union’s push for globally harmonised rules that align with its own stringent framework.  The post Southeast Asia eyes hands-off AI rules, defying EU ambitions appeared first on Reuters News Agency.

Reuters exclusively reported that Venezuela and the U.S. have progressed in talks that could provide sanctions relief to Caracas by allowing at least one additional foreign oil firm to take Venezuelan crude oil for debt repayment if President Nicolas Maduro resumes negotiations with the opposition in Mexico.  The post US, Venezuela in talks for fresh […]

Reuters exclusively reported that Telecom Italia (TIM) (TLIT.MI) on Sunday approved the 19-billion-euro ($20 billion) sale of its fixed-line network to U.S. private equity firm KKR (KKR.N), becoming the first telecoms group in a major European country to part ways with its landline grid.  The post Telecom Italia approves KKR’s $20 billion grid bid in […]

Reuters was first to report that US amusement park operators Cedar Fair and Six Flags are in merger talks. A tie-up would help the companies weather a potential economic slowdown. Shares of Cedar Fair and Six Flags rose as much as 9% and 17%.   The post US amusement park operators Cedar Fair, Six Flags in […]