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Ticket reseller StubHub raises about $800 million in US IPO
Reuters· 2025-09-17 00:04
Core Viewpoint - Ticket reseller StubHub has priced its initial public offering (IPO) at $23.50 per share, which is within the marketed range of $22 to $25, raising approximately $800 million [1] Group 1 - StubHub's IPO pricing is set at $23.50, aligning with its anticipated range [1] - The company aims to raise about $800 million through this IPO [1] - This IPO marks a significant milestone for StubHub, which has been long-awaited [1]
China's Tencent raises $1.27 billion in dim sum bond deal
Reuters· 2025-09-16 23:56
Chinese gaming and social media leader Tencent Holdings said on Wednesday it had raised 9 billion yuan ($1.27 billion) in a three-tranche offshore yuan bond deal. ...
GSK plans $30 billion US investment as pharma tariff threat looms
Reuters· 2025-09-16 23:08
Core Viewpoint - GSK plans to invest $30 billion in research and development and supply chain infrastructure in the United States over the next five years [1] Investment Plans - The investment will focus on enhancing research and development capabilities [1] - The funds will also be allocated to improving supply chain infrastructure [1] Timeline - The investment is set to take place over the next five years [1]
Puerto Rico inks $4 billion LNG contract with New Fortress Energy
Reuters· 2025-09-16 22:16
Core Viewpoint - Puerto Rico has successfully negotiated a $4 billion liquefied natural gas contract with New Fortress Energy, as announced by Governor Jenniffer Gonzalez [1] Company Summary - New Fortress Energy is the company involved in the $4 billion liquefied natural gas contract with Puerto Rico [1]
Engine issue on Northrop spacecraft delays NASA ISS cargo delivery
Reuters· 2025-09-16 22:12
An uncrewed Northrop Grumman-built spacecraft in orbit experienced an issue with its main engine on Tuesday while attempting to reach the International Space Station to deliver scientific supplies, NA... ...
Lilly trial shows weight loss with experimental pill flattens over time
Reuters· 2025-09-16 22:04
Core Insights - Eli Lilly's experimental GLP-1 pill demonstrated an approximate 12% reduction in body weight among participants in a 72-week trial, with weight loss stabilizing for most patients [1] Group 1 - The study results were presented at a recent conference, highlighting the effectiveness of the GLP-1 pill in weight management [1] - The trial duration of 72 weeks indicates a long-term assessment of the drug's impact on weight loss [1] - The plateauing of weight loss suggests that while initial results are promising, further investigation may be needed to understand long-term efficacy [1]
US senators demand Meta's internal data on kids' safety
Reuters· 2025-09-16 21:05
A bipartisan group of U.S. senators demanded Meta Platforms hand over internal assessments of how its products affect children and the effectiveness of its parental controls, according to a letter see... ...
Tesla settles 2019 California crash lawsuit ahead of jury trial, Bloomberg News reports
Reuters· 2025-09-16 20:28
Tesla reached a confidential deal to resolve a lawsuit by the family of a teenager who was killed in a 2019 California crash involving a Model 3 vehicle on autopilot, Bloomberg News reported on Tuesday. ...
Microsoft plans $30 billion investment for UK ahead of Trump state visit
Reuters· 2025-09-16 20:08
Microsoft is planning to invest more than $30 billion in its UK operations and artificial intelligence infrastructure over the next four years, the software maker said on Tuesday, ahead of U.S. Presid... ...
BlackRock adds to key executive committee in talent shuffle, Financial Times reports
Reuters· 2025-09-16 20:01
Core Insights - BlackRock has expanded its strategic committee by adding 20 top executives, indicating a significant shift in its governance structure and decision-making process [1] Group 1 - The addition of these executives is aimed at enhancing the company's strategic direction and operational efficiency [1] - This move reflects BlackRock's commitment to adapting its leadership structure to better navigate the complexities of the asset management industry [1] - The expanded committee will play a crucial role in shaping the future strategies of the world's largest asset manager [1]