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Trump hints Tiktok deal reached, according to Truth Social post
Reuters· 2025-09-15 12:29
U.S. President Donald Trump said on Monday trade talks with China had gone very well and hinted that a deal has been reached to resolve issues the U.S. has over TikTok ownership. ...
MEG Energy urges investors to reject Strathcona's sweetened bid, backs Cenovus deal
Reuters· 2025-09-15 12:16
Core Viewpoint - MEG Energy has urged its shareholders to reject the enhanced takeover bid from Strathcona Resources and has reaffirmed its support for a sale to Cenovus [1] Group 1: Company Actions - MEG Energy is advocating for shareholders to reject the takeover offer from its majority stakeholder, Strathcona Resources [1] - The company has expressed continued support for a sale to Cenovus, indicating a preference for this transaction over the Strathcona bid [1] Group 2: Stakeholder Dynamics - Strathcona Resources has made a sweetened takeover bid for MEG Energy, which the company is advising shareholders to reject [1] - The situation highlights the competitive dynamics between Strathcona Resources and Cenovus in the context of MEG Energy's potential sale [1]
California Resources to merge with Berry Corp in $717 million deal
Reuters· 2025-09-15 12:16
Group 1 - California Resources is acquiring Berry Corp in an all-stock deal valued at approximately $717 million, including debt [1] - The acquisition reflects California Resources' strategy to expand its portfolio in the oil production sector [1] - The deal signifies a consolidation trend within the U.S. energy industry, particularly among smaller oil producers [1] Group 2 - The transaction highlights the ongoing interest in mergers and acquisitions as companies seek to enhance operational efficiencies and market presence [1] - The valuation of Berry Corp at $717 million indicates a significant investment in the current energy market [1] - This acquisition may lead to potential synergies and cost savings for California Resources, enhancing its competitive position [1]
aTyr Pharma's lung disease drug misses main goal in late-stage trial
Reuters· 2025-09-15 11:55
aTyr Pharma said on Monday its experimental drug had failed to meet the main goal in a late-stage study testing it in patients with a type of lung disease known as pulmonary sarcoidosis, a disease imp... ...
Swedish government to hike military spending to 2.8% of GDP in 2026
Reuters· 2025-09-15 11:30
The Swedish government will in its upcoming budget bill for 2026 increase funds for the armed forces by 26.6 billion crowns ($2.87 billion), Prime Minister Ulf Kristersson said on Monday. ...
AstraZeneca shares down 3% after rating cut, UK investment pause
Reuters· 2025-09-15 11:28
AstraZeneca shares fell as much as 3.4% on Monday, their steepest drop since May, after Handelsbanken cut its rating on the drugmaker and Reuters reported the company had paused a major investment in its home market. ...
Novartis, Monte Rosa strike $5.7 billion drug development deal
Reuters· 2025-09-15 11:15
Swiss drugmaker Novartis and drug developer Monte Rosa Therapeutics signed a licensing deal worth up to $5.7 billion on Monday to develop drugs for immune-mediated diseases. ...
David Ellison races to rebuild Paramount's mountain of content
Reuters· 2025-09-15 11:12
Hours after his company's merger with Paramount closed in August, CEO David Ellison's empire-building kicked into gear. ...
EchoStar expects to have $24 billion in cash after spectrum sales, debt payments
Reuters· 2025-09-15 10:50
EchoStar said on Monday it expects to hold $24.1 billion in total cash after using proceeds from its spectrum license sales to repay debt, bolstering its balance sheet and supporting growth in wireless, satellite and technology sectors. ...