Biogen, Eisai revive plans for Alzheimer’s drug, surprising market
Biogen Inc revived plans on Tuesday to seek U.S. approval for Alzheimer’s treatment aducanumab, surprising investors and saying data from more patients in two discontinued studies showed the drug reduced the decline of patients.
Oil falls on U.S. stockbuild; deeper output cut prospects give support
Oil fell on Wednesday after gaining over 1% in the previous session as U.S. industry data showed a bigger-than-expected build in crude stockpiles, but the possibility of deeper output cuts from OPEC and its allies contained the decline.
SoftBank shares fall as WeWork deal adds to financial strains
Shares of SoftBank Group Corp fell 3% in morning trade on Wednesday as the tech conglomerate agreed to spend more than $10 billion to take over beleaguered office-space sharing startup WeWork, adding to its financial pressures.
SoftBank clinches WeWork takeover deal, bailing out co-founder
SoftBank Group agreed to spend more than $10 billion to take over WeWork on Tuesday, doubling down on an ill-fated investment and giving a near $1.7 billion payoff to the U.S. office-space sharing startup’s co-founder Adam Neumann to relinquish control…
Asia shares slip on Brexit snag, Texas Instruments’ revenue woes
U.S. stock futures and Asian shares slipped on Wednesday as revenue warnings from Texas Instruments raised worries about the global tech sector and after British lawmakers forced the government to hit the pause button on the latest Brexit deal.
Morgan Stanley elbows out rivals for plum role in $1.5 billion IPO relaunch: sources
Morgan Stanley has usurped rivals including Deutsche Bank, Citigroup, Credit Suisse and Goldman Sachs to lead the relaunch of a $1.45 billion IPO – Hong Kong’s second-largest this year – in an unusually brutal shuffling of banks’ roles on a big deal.
SoftBank shares fall as it doubles down on WeWork
Shares of SoftBank Group Corp fell 2% in early trade on Wednesday as the tech conglomerate moved to take over beleaguered office-space sharing startup WeWork with a funding injection of more than $10 billion.
Oil slips after U.S. inventory build, but possible OPEC cuts support market
Oil slipped on Wednesday after U.S. industry data showed a bigger-than-expected build in crude stockpiles, but possible deeper production cuts coming from OPEC and its allies prevented a further slide in prices.
Asian shares struggle after yet another Brexit delay
Asian shares and U.S. stock futures dipped on Wednesday after British lawmakers rejected the government’s timetable to fast-track legislation for its deal to take Britain out of the European Union.
SoftBank Group shares fall 2% as it doubles down on WeWork bet
Shares of SoftBank Group Corp fell 2% in early morning trading on Wednesday as the tech conglomerate moves to take over beleaguered office-space sharing startup, WeWork, with a funding injection of $10 billion.
