ECB ready to hike rates even if expected inflation surge is short-lived, Lagarde says
The ECB kept interest rates on hold at its last monetary policy meeting last week.
Iran has no intention to hold talks with U.S; foreign minister says Trump proposal to end war being reviewed
President Donald Trump has claimed the U.S. and Iran are “in negotiations now.” But the Islamic Republic denies any direct talks to end the war.
Swiss sneaker maker On Holding shakes up leadership amid slowing growth
Co-founders to become co-CEOs as On prepares to enter its “next growth phase,” the company said in a statement Wednesday.
Merck to buy Terns Pharmaceuticals for $6.7 billion to boost cancer pipeline
Merck is bulking up its portfolio ahead of its best-selling cancer drug Keytruda losing patent protection in 2028.
Arm jumps 16% as company expects revenue windfall from new chip, a ‘significant shift’
Arm said it expects its new chip to generate six times more revenue in 2031 than the $4 billion it made in 2025.
Treasury yields tumble as Trump talks up Iran ceasefire plan
U.S. Treasury yields ticked lower on Wednesday amid hopes of a potential peace plan in the Middle East.
Private credit’s ‘zero-loss fantasy’ is coming to an end as defaults and fund exits rise
Private credit is expected to see a surge in defaults as investors continue to pull money from the sector.
Pop Mart shares plunge over 22% as concerns over sustainability of Labubu sales dwarf stellar results
the Beijing-based toy maker posted annual revenue of 37.1 billion yuan ($5.4 billion) for 2025, up 185% from a year earlier, just shy of LSEG estimates of 38 billion yuan.
What comes after Labubu? Inside Pop Mart’s next grow play
Pop Mart is betting on films, theme parks and global expansion to turn Labubu into a lasting franchise, even as the initial craze fades.
