Some surprising names led the blue-chip index's historic rise. ...

The Danish drugmaker's patent lawsuit is the company's latest effort to shore up its place in the booming weight-loss drug market. ...

The flag carrier is suspending service, effective Monday, and over the following days it will operate empty flights to Cuba to pick up about 3,000 customers already there. ...

Core Insights - January showed positive performance for both U.S. and international funds, as well as bond funds, indicating a favorable start to the year for these investment categories [1] Group 1: U.S. Funds - U.S. funds experienced a positive trend in January, contributing to overall market optimism [1] Group 2: International Funds - International funds also reported positive performance in January, reflecting a broader global investment recovery [1] Group 3: Bond Funds - Bond funds saw gains in January, suggesting a shift in investor sentiment towards fixed-income securities [1]

The chairman of NovaGold Resources is seeking financing for the Donlin gold project in Alaska in tandem with a feasibility study. ...

A short-lived decline in inflation that takes it below target is unlikely to prompt action by the European Central Bank, Bundesbank President Joachim Nagel said in a speech at the Karlsruhe Institute of Technology. ...

Core Insights - Eli Lilly has agreed to acquire Orna Therapeutics, a genetic-medicine biotechnology company, for a total consideration of up to $2.4 billion in cash [1] Company Summary - The acquisition reflects Eli Lilly's strategic focus on expanding its capabilities in genetic medicine [1] - Orna Therapeutics specializes in innovative genetic therapies, which aligns with Eli Lilly's growth objectives in the biotechnology sector [1] Financial Implications - The deal is valued at up to $2.4 billion, indicating a significant investment by Eli Lilly in the biotechnology space [1]

Core Viewpoint - Transocean has agreed to acquire Valaris in an all-stock transaction valued at $5.8 billion [1] Company Summary - The acquisition will enhance Transocean's position in the offshore drilling services market [1] - Valaris is a fellow offshore drilling services company, indicating a strategic consolidation within the industry [1] Financial Summary - The deal is structured as an all-stock transaction, which may impact the financial metrics of both companies [1] - The total value of the acquisition is $5.8 billion, reflecting significant investment in the offshore drilling sector [1]

The company—one of the largest container line by capacity—said that rerouting ships via the Cape of Good Hope and startup expenses for its Gemini Network hit its average freight rate. ...

Core Insights - Kyndryl Holdings' CFO, David Wyshner, has departed from the company during an ongoing review of its accounting practices [1] Company Summary - The departure of the CFO indicates potential issues within Kyndryl Holdings' financial management and oversight [1]