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]

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]

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]

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]

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]

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]

Core Viewpoint - Namibia expresses concern over TotalEnergies and Petrobras acquiring new offshore positions in the Luderitz Basin without notifying the energy ministry or obtaining necessary approvals [1] Group 1 - TotalEnergies and Petrobras have secured new offshore positions in the Luderitz Basin [1] - The Namibian energy ministry has not been informed about these acquisitions [1] - Necessary approvals for these acquisitions were not obtained by the companies [1]

Core Insights - Investors are shifting their focus towards cheaper, smaller companies as they reassess their risk tolerance in light of recent market volatility [1] Group 1 - The market has experienced significant fluctuations, leading to a reassessment of investment strategies [1] - There is a growing trend among investors to prefer less volatile assets, indicating a shift in risk appetite [1]

Core Viewpoint - Switzerland is urged to maintain a public register of bankers who have breached their professional duties to restore its reputation after the Credit Suisse collapse [1] Group 1 - The proposal for a public register aims to enhance accountability within the banking sector [1] - The initiative is part of broader efforts to rebuild trust in Switzerland's financial system following recent scandals [1] - The director of the Zurich Financial Market Supervisory Authority supports the idea, emphasizing the need for transparency [1]

Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv UBS banked Ghislaine Maxwell for years, moving her money after Epstein's arrest February 8, 20265:04 AM UTCUpdated ago By Elisa Martinuzzi, Nivedita Balu and John O'Donnell Item 1 of 2 Ghislaine Maxwell and Jeffrey Epstein are seen in this image released by the Department of Justice in Washington, D.C., U.S., on December 19, 2025 as part of a new trove of documents from its investigations into ...