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Eli Lilly loses appeal of $183.7 million Medicaid fraud award
Reuters· 2025-09-11 17:30
A federal appeals court on Thursday rejected Eli Lilly's appeal of an $183.7 million judgment won by a whistleblowing lawyer and pharmacist who accused the drugmaker of defrauding Medicaid. ...
Exclusive: IPO of Winklevoss-founded crypto exchange Gemini over 20 times oversubscribed, sources say
Reuters· 2025-09-11 16:50
Gemini Space Station, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has drawn over 20 times as many orders for its planned U.S. initial public offering as there are available sh... ...
Blockchain lender Figure valued at $7.6 billion as shares jump in Nasdaq debut
Reuters· 2025-09-11 16:46
Group 1 - Figure Technology was valued at $7.62 billion after its shares jumped 44% in their Nasdaq debut on Thursday [1] - The strong first-day performance of Figure Technology adds to a trend of successful debuts by crypto-linked firms [1] - The digital-assets industry is moving closer to mainstream acceptance [1]
Infosys approves share buyback worth $2 billion
Reuters· 2025-09-11 16:46
India's No.2 IT services provider Infosys approved a share buyback worth 180 billion rupees ($2.04 billion), the company said on Thursday. ...
Southwest Airlines flight suffers engine failure, safely diverts
Reuters· 2025-09-11 16:39
Core Viewpoint - A Southwest Airlines jet experienced an engine failure shortly after takeoff, leading to a safe diversion to Los Angeles [1] Group 1 - The incident involved a Boeing 737-700 aircraft that was en route to Phoenix [1] - The flight originated from Hollywood Burbank Airport [1]
LB Pharma valued at $382 million as shares jump in New York debut
Reuters· 2025-09-11 16:31
LB Pharmaceuticals' shares rose 27% in their Nasdaq debut on Thursday, giving the biotech firm a valuation of $381.9 million and opening the door for companies looking to tap the public markets before... ...
AbbVie shares hit record high as key immunology drug set for exclusivity until 2037
Reuters· 2025-09-11 16:25
AbbVie shares rose 4% to a record high on Thursday after the U.S. drugmaker said it expected no generic competition for its blockbuster immunology drug Rinvoq until 2037, a four-year extension, accord... ...
S&P places Mediobanca's long-term rating on Creditwatch negative
Reuters· 2025-09-11 16:17
S&P Global Ratings said on Thursday it had placed Mediobanca's 'BBB+' long-term credit rating on CreditWatch negative after Monte dei Paschi di Siena (MPS) secured 62% of the merchant bank in a takeover bid. ...
Germany's Rheinmetall to produce shells at new plant in Ukraine, Kyiv says
Reuters· 2025-09-11 16:13
German arms giant Rheinmetall plans to manufacture artillery shells for Ukrainian forces at a future production plant in Ukraine, Kyiv's defence minister said on Thursday. ...
Petrobras taps France's Vallourec for $1 billion offshore pipe order
Reuters· 2025-09-11 16:06
Core Insights - Brazilian state-run oil company Petrobras has commissioned Vallourec for the supply of steel tubes for its offshore operations through 2029 [1] Company Summary - Petrobras is a state-run oil company in Brazil that is focusing on enhancing its offshore operations [1] - Vallourec is a steel tubes maker that has secured a significant contract with Petrobras, indicating a strong partnership [1] Industry Summary - The offshore oil and gas industry in Brazil is likely to see increased activity due to Petrobras's commitment to its operations [1] - The demand for steel tubes in offshore operations suggests a positive outlook for suppliers like Vallourec in the Brazilian market [1]