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DSM-Firmenich to sell animal health business to CVC Capital
Reuters· 2026-02-09 06:52
Core Viewpoint - DSM-Firmenich has agreed to divest its Animal Nutrition & Health business to CVC Capital for an enterprise value of approximately 2.2 billion euros ($2.6 billion) [1] Group 1 - The transaction reflects DSM-Firmenich's strategic focus on streamlining its operations and enhancing its core business areas [1] - CVC Capital's acquisition is part of its strategy to invest in high-potential sectors within the animal nutrition market [1] - The deal is expected to provide DSM-Firmenich with additional capital to reinvest in its primary business segments [1]
UniCredit hikes profit outlook after stakes in rival, tax credits help 2025 income
Reuters· 2026-02-09 06:29
Core Insights - UniCredit, Italy's second-largest bank, aims to increase its profit to 11 billion euros ($13 billion) this year, indicating a strong growth target for the upcoming period [1] Financial Performance - The bank has exceeded analysts' forecasts for 2025, with earnings positively impacted by its stakes in rival banks [1]
FedEx, Advent-led consortium to buy parcel locker firm InPost in $9.2 billion deal
Reuters· 2026-02-09 06:19
Core Viewpoint - A consortium led by FedEx and InPost investors has reached an agreement to acquire the parcel locker company for 7.8 billion euros ($9.2 billion), aiming to enhance InPost's presence across Europe while providing FedEx with strategic advantages in the logistics sector [1] Group 1 - The acquisition deal is valued at 7.8 billion euros, equivalent to approximately $9.2 billion [1] - The primary objective of the acquisition is to expand InPost's reach throughout Europe [1] - The deal is expected to offer FedEx strategic benefits in enhancing its logistics capabilities [1]
Taiwan says 40% shift of chip capacity to US is 'impossible'
Reuters· 2026-02-09 02:44
It would be "impossible" to move 40% of Taiwan's semiconductor capacity to the U.S., the island's top tariff negotiator said, pushing back against recent comments by American officials who called for ... ...
China's Innovent clinches new Lilly deal for immunology, cancer drug development
Reuters· 2026-02-09 02:32
Core Insights - Innovent Biologics has entered into a partnership with Eli Lilly to develop drugs in the fields of immunology and oncology, with an initial payment of $350 million and potential additional payments of up to $8.5 billion [1] Company Summary - The deal signifies a strategic collaboration between Innovent Biologics and Eli Lilly, focusing on the development of innovative therapies in immunology and oncology [1] - The upfront payment of $350 million indicates a strong commitment from Eli Lilly towards the partnership [1] - The total potential value of the deal, reaching up to $8.5 billion, highlights the anticipated significance and potential success of the drug development efforts [1] Industry Summary - The collaboration reflects ongoing trends in the pharmaceutical industry, where partnerships are increasingly common for drug development, particularly in high-demand areas like immunology and oncology [1] - The financial structure of the deal, with substantial upfront and milestone payments, underscores the competitive landscape and the high stakes involved in developing new therapies [1]
Australian AI infrastructure developer Firmus lands $10 bln debt package from Blackstone, Coatue
Reuters· 2026-02-09 02:03
Core Insights - Australian artificial intelligence company Firmus has secured a $10 billion debt funding package, with Blackstone and Coatue Management leading the investment [1] Company Summary - Firmus is an Australian company specializing in artificial intelligence [1] - The company has finalized a significant funding round, indicating strong investor confidence in its business model and growth potential [1] Industry Summary - The involvement of major private equity firms like Blackstone and Coatue Management highlights the increasing interest and investment in the artificial intelligence sector [1] - The $10 billion funding package reflects the growing trend of substantial financial backing for AI companies, which may drive innovation and competition within the industry [1]
Live Nation executives in talks with DOJ to avert trial, Semafor reports
Reuters· 2026-02-09 01:39
Core Viewpoint - Live Nation is engaged in discussions with senior officials at the U.S. Department of Justice to avoid a trial regarding allegations of operating an illegal monopoly [1] Group 1 - Live Nation executives and lobbyists are actively negotiating with the U.S. Department of Justice [1]
Oil drops more than 1% as concerns about possible US-Iran conflict ease
Reuters· 2026-02-08 23:20
Core Viewpoint - Oil prices experienced a decline of more than 1% at the opening on Monday due to easing concerns regarding a potential conflict in the Middle East between the U.S. and Iran following the conclusion of a round of talks between the two nations on Friday [1] Group 1 - Oil prices dropped over 1% at Monday's open [1] - Concerns about a possible conflict in the Middle East between the U.S. and Iran have eased [1] - The easing of tensions followed a round of talks that concluded on Friday [1]
Singapore bank DBS fourth-quarter net profit falls 10%, misses forecast
Reuters· 2026-02-08 22:39
Group 1 - DBS Group, Singapore's largest bank, reported a fourth-quarter net profit decline of 10% compared to the same period last year [1] - The primary reason for the profit decrease was attributed to a lower net interest margin [1]
UK's Ocado to axe up to 1,000 jobs in cost-cutting drive, Sunday Times reports
Reuters· 2026-02-08 18:03
Core Viewpoint - Ocado, a British technology and online grocery group, is planning to cut up to 1,000 jobs, which represents approximately 5% of its workforce, as part of a renewed cost-cutting initiative following a challenging year for its automated warehouse business [1] Group 1 - The job cuts are part of a broader strategy to reduce costs within the company [1] - The decision comes after a difficult year for Ocado's automated warehouse operations, indicating operational challenges [1]