After giving up the rights to the cancer drug Bavencio, Pfizer has received permission from US regulators to buy Seagen. The deal is set to amount to $43 billion.
The UK's Chamber of Commerce in China has revealed that sixty percent of British firms have come to the conclusion that the Chinese economy had been slowing down, which creates challenges for the firm investment operations.
The release of the quarterly financial results of Oracle have disappointed for a third quarter in a row. The stock price of the company plummeted from the Tuesday's closing price of $115.08 to an opening on Wednesday at $102.65.
The United States have just released the monthly Consumer Price Index data sets. In general, the event caused large volatility of the Dollar, as the released data was mixed.
Reuters has reported that Chinese AI chip designers have been taking over NVidia's market share in the country. The most prominent mentioned has been Tencent.
Brigade Capital Management and Arkhouse Management have offered to buy out Macy's stock for $21 per share and take the company private.
The oil company Occidental Petroleum has announced that it would buy the Permian basin-focused company CrownRock in a deal that would amount to $12 billion.
The US stock indices have started the week with a booking of new 2023 high levels, which signals that the markets expect positive news from the upcoming US CPI and Federal Funds Rate announcement.
During today's trading session, the price for US Natural Gas has plummeted more than 10.00%, as the price reached the $2.30 mark. The today's drop is another extension of the broad decline that started after the pair touched the $3.64 level in late October. Since the event, the price has decreased by 37.05% over the span of six weeks.
The crypto exchange Binance has withdrawn its application for a licence in Abu Dhabi, as it changes its global structure.
The Hong Kong airline Cathay Pacific has reported that it has ordered six Airbus A350 airplanes to replace current Boeing 747 cargo jets.
The Chinese tech company Tencent Holdings has revealed a new ambitious video game for consoles named Last Sentinel. With the move Tencent intends to compete in the console market.
Reuters has reported that Boeing has been in talks to sell 80 wide bodied 787 Dreamliner jets to Thai Airways. The company appears to be interested in renewing its fleet with Boeing not Airbus airplanes.
United States mortgage interest rates have declined to a 4-month low level, as future central bank interest rate hike expectations have turned into discussions about rate cuts.
The CFO of Citigroup Mark Mason has revealed to media that the bank's reorganization is set to cost nearly $1 billion due to restructuring and severance charges.
The US Bureau of Labor Statistics has published the monthly employment data. The US Dollar reacted to the news with an initial spike upwards above the 104.00 mark, as all released data sets beat forecasts.
The Bank of Japan has caused a major surge of the value of the Japanese Yen, as the central bank has hinted that it could move away from using negative interest rates.
Recently published data has revealed that in November Chinese exports had increased, which is the first time in the period of the last six months.
British American Tobacco has revealed that it would write down nearly $31.5 billion form the value of the company's cigarette brands, as the market has been deemed to have no long term future.
The United States antitrust regulators the Federal Trade Commission has announced that the ruling, which allows Microsoft to acquire Activision, has been wrong.
The stock price of Advanced Micro Devices has jumped 2.80% or $3.28 during the pre-market hours and is expected to continue to surge due to announcement made by the company last night. AMD has launched a new generation MI300 AI chip that is set to compete with NVidia's top processors.
Axios has revealed that the alcohol giant Diageo intends to sell off its beer portfolio due to low profit margins. The only exception would be the flagship brand Guinness.
The CEO of NVidia Jensen Huang has revealed that the company works closely with the United States government to make sure that its new chips for the Chinese market would comply with government restrictions.
Reuters has reported that Apple has issued a warning to Indian authorities that new phone charger rules could damage local production.