Shares in Puma jumped 10% on Wednesday, with traders pointing to a media report that parties involved were preparing for a potential takeover of the German sportswear maker. ...

Alphabet's Waymo plans to start offering autonomous cab rides in Nashville next year in collaboration with ride-hailing firm Lyft , the two companies said. ...

Eli Lilly on Wednesday said its experimental pill led to more weight loss and better control of blood sugar in patients with diabetes than oral semaglutide, the active ingredient in Danish rival Novo ... ...

Group 1 - Johnson & Johnson's experimental psoriasis drug demonstrated superior skin clearance compared to Bristol Myers Squibb's Sotyktu in two late-stage head-to-head trials [1]

Turkish Airlines Chairman Ahmet Bolat said on Wednesday that the flag carrier has no intention of increasing its stake in Spain's Air Europa beyond the minority share they are acquiring. ...

Core Insights - Amazon.com is investing over $1 billion to increase pay and reduce healthcare costs for its U.S. fulfillment and transportation employees [1] Company Summary - The investment aims to enhance employee compensation and lower healthcare expenses, indicating a commitment to improving workforce welfare [1] Industry Summary - This move reflects broader trends in the tech industry, where companies are increasingly focusing on employee benefits and compensation to attract and retain talent [1]

Core Insights - Roivant and Priovant Therapeutics announced promising results for their experimental drug targeting a rare disease that impacts skin and muscle health [1] Company Summary - The collaboration between Roivant and Priovant Therapeutics focuses on developing a treatment for a rare disease, indicating a strategic partnership aimed at addressing unmet medical needs [1] Industry Summary - The announcement highlights advancements in the biopharmaceutical industry, particularly in the development of therapies for rare diseases, which often attract significant investment and interest due to their specialized nature [1]

Group 1 - Metalworkers at Brazilian planemaker Embraer have initiated an indefinite strike demanding wage increases and the signing of a collective labor agreement [1]

Shares of Workday rose nearly 10% before the bell on Wednesday, after activist investor Elliott Management unveiled a stake of more than $2 billion in the company and backed its leadership. ...

Global asset management company Rithm Capital on Wednesday said it had agreed to acquire real estate investment trust Paramount Group for $1.6 billion in cash. ...