Merck to buy Cidara Therapeutics for $9.2 billion as Keytruda patent cliff approaches
Merck & Co. has agreed to acquire biotechnology firm Cidara Therapeutics in a $9.2 billion deal, accelerating efforts to broaden…
Applied Materials shares slide as China outlook darkens despite strong earnings
Applied Materials’ shares fell sharply in premarket trading on Friday, dropping more than 7%, after the chip equipment maker warned…
Investors push Argentina for more FX flexibility as Government holds line
Investors are pushing Argentina to relax its foreign-exchange regime, contending that a more flexible peso would be a big help in…
Commodity wrap: Fed caution hits bullion hard, Russian supply concerns boost oil
Gold prices slumped more than 3% on Friday as a December interest rate cut by the US Federal Reserve looks…
US-Switzerland trade deal: tariffs slashed to 15%, boosting pharma and watches
After months of punishing trade tensions, the US and Switzerland announced a breakthrough deal on Friday that will slash tariffs…
Europe bulletin: US-Swiss trade deal, UK tax U-turn, Novo Nordisk shake-up
Europe saw a flurry of political and economic developments this week, from a major US–Swiss trade breakthrough to the UK…
Copper falls as weak Chinese real estate overrides production slowdown
The copper rally fizzled out quickly after the metal briefly soared past $11,000 per ton, as disappointing economic figures from…
How billionaire Caltagirone could influence Italy’s banking M&A wave
MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector…
Silver surges 12% to record highs as gold takes a backseat; experts see more gains
Silver’s rise in the last few sessions has overshadowed gold, with prices hitting yet another record high on Thursday. Experts…
Dow futures near record highs after shutdown ends: 5 things to know before Wall Street opens
Dow futures were steady near record highs on Thursday, as investors welcomed the end of the US government shutdown and…