Ocular Therapeutix's eye drug superior to Regeneron's Eylea in late-stage trial | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]- Companies[Ocular Therapeutix Inc]Follow[Regeneron Pharmaceuticals Inc]FollowFeb 17 (Reuters) - Ocular Therapeutix [(OCUL.O), opens new tab] said on Tuesday its experimental eye disease drug was more effective in helping patients maintain their vision compared to Regeneron's [(REGN.O), opens new tab] appr ...

Core Viewpoint - Warner Bros has rejected Paramount's latest $30-a-share hostile takeover bid but has given Paramount a week to negotiate a better deal, indicating a potential shift in negotiations [1] Group 1: Warner Bros and Paramount Negotiations - Warner Bros Discovery has rejected Paramount Skydance's latest offer but is allowing a week for Paramount to submit a better proposal [1] - Paramount has informally proposed raising its offer to $31 a share, which could entice Warner Bros to negotiate [1] - Warner Bros remains committed to its merger agreement with Netflix, with a shareholder vote scheduled for March 20 [1] Group 2: Financial Implications - Paramount's current offer values the company at $108.4 billion, while Netflix's offer for Warner Bros' studio and streaming businesses is $82.7 billion [1] - Warner Bros expects a final proposal from Paramount to exceed the $31 per share offer [1] - Warner Bros estimates that its Discovery Global cable operations could fetch between $1.33 and $6.86 per share in a spin-off [1] Group 3: Market Reactions - Following the news, Paramount shares rose by 4.2% in premarket trading, while Warner Bros shares increased nearly 2% [1] - Ancora Holdings, an activist investor, has pressured Warner Bros to engage more meaningfully with Paramount regarding its offers [1] Group 4: Legal and Strategic Considerations - Warner Bros secured a special waiver from Netflix to engage in negotiations with Paramount, indicating a legal loophole allowing limited discussions [1] - Paramount's revised offer includes a personal guarantee on $40 billion in equity from Oracle founder Larry Ellison, which was previously rejected [1] - Paramount's offer still leaves unresolved issues regarding financing and potential fees, which Warner Bros has highlighted as concerns [1]

Market Overview - U.S. stock futures were slightly down as markets reopened, reflecting cautious sentiment among traders after recent volatility in the tech sector related to AI [1] - Bank of America's monthly global fund manager survey indicates an "uber-bullish" sentiment among investors regarding the economy and earnings for the year, despite concerns over potential overspending on AI infrastructure [1] Economic Indicators - Japan's GDP growth for Q4 was reported at an annualized 0.2%, significantly below the forecasted 1.6% gain, impacting the yen which eased 0.4% against the dollar [1] - In the UK, unemployment rose to 5.2%, the highest level in over ten years excluding the pandemic, leading to speculation of a potential interest rate cut by the Bank of England [1] Corporate Earnings - Walmart has joined the trillion-dollar club of company valuations, now ranking as the 12th most valuable publicly listed company globally [1] - Medtronic and Palo Alto Networks are among the companies set to report earnings this week, with Medtronic already beating quarterly profit estimates due to strong demand for heart devices [2]

Medtronic beats quarterly profit estimates on robust demand for heart devices | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A general view of the logo of Medtronic, a healthcare technology and pharmaceutical company, at their plant, in Galway, Ireland, April 11, 2025. REUTERS/Clodagh Kilcoyne/File Photo [Purchase Licensing Rights, opens new tab]- Companies[Medtronic Inc]Follow[Abbott Laboratories]Follow[Dexcom Inc]FollowShow more ...

Qualcomm says UK lawsuit over smartphone chip royalties will be withdrawn | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A Qualcomm logo and a computer motherboard appear in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration/File Photo [Purchase Licensing Rights, opens new tab]- Companies[Apple Inc]Follow[Qualcomm Inc]Follow[Samsung Electronics Co Ltd]FollowLONDON, Feb 17 (Reuters) - Qualcomm [(QCOM.O), opens ...

General Mills cuts annual sales and profit forecast | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Packages of Cheerios, a brand owned by General Mills, are seen in a store in Manhattan, New York, U.S., November 12, 2021. REUTERS/Andrew Kelly [Purchase Licensing Rights, opens new tab]Feb 17 (Reuters) - General Mills [(GIS.N), opens new tab] on Tuesday cut its annual core net sales and profit forecasts, blaming weaker consumer sent ...

Compass Pathways' depression treatment meets main goal in latestage study | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]- Companies[Compass Pathways PLC]FollowFeb 17 (Reuters) - Drug developer Compass Pathways [(CMPS.O), opens new tab] said on Tuesday its psilocybin-based depression therapy met the main goal in a late-stage study.Sign up [here.]Reporting by Sahil Pandey in Bengaluru; Editing by Devika SyamnathOur Standards: [The ...

Goldman, Nasdaq CEOs to headline Mar-a-Lago crypto 'forum' hosted by Don Jr. and Eric Trump | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]David Solomon, Chairman and CEO, Goldman Sachs, attends at the Global Financial Leaders' Investment Summit, in Hong Kong, China, November 4, 2025. REUTERS/Tyrone Siu [Purchase Licensing Rights, opens new tab]- Companies- Summary- World Liberty Financial central to Trump family's wealth- World L ...

Portland General Electric said on Tuesday it has agreed to buy select Washington state generation, transmission and electric utility operations from PacifiCorp for $1.9 billion. ...

Guyana's oil growth potential rises as Venezuela tensions set to ease | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A miniature of Exxon Mobil's Liza Unity oil platform is displayed at booth during Guyana's Energy Conference & Exposition in Georgetown, Guyana February 19, 2024. REUTERS/Sabrina Valle [Purchase Licensing Rights, opens new tab]- Companies- Summary- Exxon, Chevron likely to discuss Guyana operations at conference- U. ...