Back Market and the Second Life Economy
On a rainy Paris morning in 2014, three friends were standing inside a small electronics repair shop, watching customers bargain hard for second-hand phones while new models sat untouched behind…
Aktis Oncology prices upsized US IPO at $18 per share
Cancer drug developer Aktis Oncology said on Thursday it priced its upsized U.S. initial public offering at $18 per share, raising about $318 million. Aktis is targeting a valuation of…
Rio Tinto in early talks to acquire Glencore in potential $207B mining mega-merger
London/Sydney: Rio Tinto is in early talks for a possible acquisition of Glencore, the companies said late on Thursday, in what could create the world's largest mining company with a…
J&J Agrees to Cut U.S. Drug Prices in Deal for Tariff Exemptions
Johnson & Johnson said on Thursday that it has reached an agreement with U.S. President Donald Trump's administration to cut drug prices for Americans in exchange for exemptions from U.S.…
Paramount Calls Netflix’s Warner Bros Bid Weak, Labels Cable Assets “Worthless”
Paramount Skydance on Thursday reiterated that its $108.4 billion bid for Warner Bros Discovery was superior to a rival deal from Netflix, saying the value of the cable spinoff central…
GM to take $6B hit as it scales back EV investments
Detroit: General Motors said on Thursday it would take a $6 billion charge to unwind some electric-vehicle investments, the latest car company to pull back from EVs in response to…
China inflation hits 34-month high in December, stimulus bets grow
Beijing: China's annual consumer price inflation accelerated to a 34-month high in December, but the full-year rate slumped to the lowest in 16 years while producer deflation persisted, backing market…
Dollar up in Asia as markets await U.S. jobs data, Supreme Court tariff ruling
Singapore: The U.S. dollar advanced at the start of the Asian session on Friday, as traders awaited the release of the latest U.S. jobs report and braced for a forthcoming…
BlueScope’s top investor rejects $9 billion M&A offer for firm, calls it undervalued
Sydney: BlueScope Steel's largest investor, AustralianSuper, said on Friday a $9 billion takeover offer from SGH and U.S.-based Steel Dynamics undervalued the steelmaker and that it supported the firm's decision…
xAI loss widens to $1.46 billion in September quarter, Bloomberg reports
Elon Musk's artificial intelligence startup xAI reported a net loss of $1.46 billion for the September quarter, compared with a loss of $1 billion in the previous three months, Bloomberg…