Merck, the New Jersey drug giant, is paying $107 a share, or about $10 billion, to acquire Verona Pharma, a London company that makes a respiratory treatment that could bring $4 billion in annual sales in the next decade.
Tag: Economy
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SPOTLIGHT: CHINA’S ECONOMIC UPS AND DOWNS
In June, the prices China’s factories charge for their products fell the most in two years as the U.S.-China trade war continues and domestic competitors are locked in a vicious price war to hold their shares of a shrinking market.
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SPECIAL REPORT: OIL GLUT AHEAD
During the rest of this year, oil supply will grow three times faster than demand, according to an analysis by the International Energy Agency (IEA) in its new monthly report.
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WPP REPORTS DECLINE IN NEW BUSINESS
WPP, regarded as the world's second-largest advertising agency, cut its guidance for 2025, saying revenue will be down by 3 to 5 percent compared to 2024.
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BUSINESS PICKS UP FOR VW’s CAR BRANDS DESPITE PORSCHE SLUMP
Volkswagen’s auto group delivered 1.2 percent more passenger vehicles in this year’s second quarter than last year’s, the company reported. The group includes Audi, Porsche, and VW brands.
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GERMANY’S EXPORTS CONTINUE TO DECLINE
Germany exported 1.4 percent fewer goods in May as Donald Trump’s tariff war cut shipments to the U.S. by 7.7 percent, government statistics agency Destatis reported.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
After a pause in layoffs in late spring, early summer, U.S. government jobs are again on the chopping block.
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SPOTLIGHT: BIGS GETTING BIGGER
Stock market churn, geopolitical strife, and Donald Trump’s chaotic tariff war have not hobbled the U.S. market for corporate mergers and acquisitions.
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SPECIAL REPORT: TRUMP TARIFF WAR
On 7 July, Donald Trump revealed new tariff rates ranging from 25 to 40 percent on 14 countries but delayed their onset from 9 July until 1 August to give those nations time to negotiate a trade deal.
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SPECIAL REPORT: CRYPTO IS BECOMING THE NEW NORMAL
Chinese consumers are using mobile payment systems almost exclusively now, French newspaper Le Monde reported, so much so that cash “has dwindled to near extinction,” it said.
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