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Novartis shares slip, Avidity soars after $12 billion biotech deal

LONDON (Reuters) -Shares of Novartis fell 1% on Monday following news of the company’s plans to acquire U.S. biotech Avidity Biosciences for about $12 billion, marking the Swiss drugmaker’s largest acquisition under CEO Vas Narasimhan. Before the Avidity deal, announced on Sunday, Novartis had already ...
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Bessent celebrates Nikkei milestone in meeting with Japan Finance Minister Katayama

By Makiko Yamazaki and Kantaro Komiya TOKYO (Reuters) -U.S. Treasury Secretary Scott Bessent celebrated Japan’s Nikkei share average closing above the 50,000 level for the first time on Monday, in a meeting with Japanese finance minister Satsuki Katayama in Tokyo. “It’s an honor to ...
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Rare earth miners fall after US-China truce to pause tariffs, export curbs

(Reuters) -Shares of U.S.-listed rare earth miners fell as much as 8% before the bell on Monday after Washington and Beijing reached a framework for a trade deal that could pause planned U.S. tariffs and Chinese export controls on critical minerals, easing fears of ...
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Wall St futures at record highs on US-China trade deal hopes

By Pranav Kashyap and Twesha Dikshit (Reuters) -U.S. stock index futures were trading at record highs on Monday as expectations of a trade deal between China and the United States aided risk appetite in a busy week of Big Tech earnings and a widely expected ...
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JPMorgan picks Perpetua Resources for $1.5 trillion security fund’s first investment

By Ernest Scheyder (Reuters) -Antimony and gold miner Perpetua Resources is the first investment from JPMorgan Chase’s $1.5 trillion investment fund for U.S. national security, a move underscoring the company’s key role in producing a metal whose exports China has blocked and which is used ...
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Tariffs anxiety prompts US importers to place spring orders early

By Jessica DiNapoli, Siddharth Cavale and Arriana McLymore NEW YORK (Reuters) -Small importers for large U.S. retailers rushed in China-made strollers and wares meant for spring and are storing the goods in their own warehouses to avoid the big tariff bills that had been threatened ...
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Keurig Dr Pepper raises annual sales forecast on strong beverage demand

(Reuters) -Keurig Dr Pepper raised its forecast for annual sales on Monday, banking on resilient demand for its energy drinks and carbonated soft beverages in markets including the United States. Shares of the company, which also beat third-quarter sales estimates, were up about 4% in ...
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Brazilian farmers beef up soybean production as China halts business with US during trade fight

SANTA CRUZ DO RIO PARDO, Brazil (AP) — Brazilian farmer Andrey Rodrigues wasn’t planning to beef up soybean production for next year’s harvest until a couple of months ago, but now he’s extra hopeful. What has him and his fellow Brazilian farmers planting more ...
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U.S. futures jump and world shares are mixed as Trump says he expects a trade deal with China

BANGKOK (AP) — Asian shares surged Monday while European markets were little changed after U.S. President Donald Trump said he expected to reach a trade agreement with China. Germany’s DAX gained 0.2% to 24,279.53 and the CAC 40 in Paris slipped 0.1% to 8,218.42. Britain’s ...
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Trump says new Fed chair decision might be made by year-end

AIR FORCE ONE/TOKYO (Reuters) -U.S. President Donald Trump said a decision on the next Federal Reserve chair might be made by the end of the year. “Maybe by the end of the year, we’ll make a decision on the Fed,” he told reporters on the ...
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Lula is optimistic there will be a US-Brazil trade deal after meeting with Trump in Malaysia

KUALA LUMPUR, Malaysia (AP) — Brazil’s leader Luiz Inácio Lula da Silva expressed confidence on Monday that his country and the United States will reach a trade deal. U.S. President Donald Trump also signaled that a deal is likely. The statements came a day ...
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Delta Air Lines seeing ‘small’ impact from US government shutdown, CEO says

By Federico Maccioni RIYADH (Reuters) -Delta Air Lines is seeing a “small” impact from the U.S. government shutdown, costing it less than $1 million a day, and the shortage of airport security staff is of greater concern, the carrier’s CEO said on Monday. “The more obvious ...
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