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Novo Nordisk to buy Akero Therapeutics for up to $5.2 billion

STOCKHOLM (Reuters) -Novo Nordisk said on Thursday it had agreed to buy Akero Therapeutics for up to $5.2 billion, giving the Danish drugmaker access to the U.S.-based company’s experimental liver disease drug. The maker of blockbuster obesity drug Wegovy is pressing ahead with a sweeping ...
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Maersk shares hit three-month low on prospect of Gaza deal reopening Red Sea route

COPENHAGEN (Reuters) -Maersk shares fell on Thursday on expectations a Gaza ceasefire deal could eventually restore container shipping routes through the Red Sea and Suez Canal, easing a capacity crunch that has supported freight rates. Israel and Hamas agreed on Wednesday to the first phase ...
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Morning Bid: Stocks pause as bubble warnings mount

By Mike Dolan LONDON (Reuters) -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets World stocks and gold paused their latest steep rally on Thursday as a series of warnings about excessive stock valuations and overly loose policy settings reverberated through ...
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Delta Air Lines offers bullish outlook on higher fares, demand recovery

By Rajesh Kumar Singh CHICAGO (Reuters) -Delta Air Lines delivered an upbeat outlook for the current quarter on Thursday, after posting stronger-than-expected third-quarter earnings, buoyed by a recovery in corporate travel demand and improved pricing power. The Atlanta-based airline said its sales have accelerated over the ...
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EA locks and loads ‘Battlefield 6’ to take on ‘Call of Duty’ before going private

By Zaheer Kachwala (Reuters) -Electronic Arts is betting on the latest “Battlefield” title to do what the last one could not – restore the franchise’s reputation and loosen the dominance of “Call of Duty” on the first-person shooter genre. Releasing on Friday, “Battlefield 6” will test ...
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Polestar’s third-quarter vehicle sales jump on resilient EV demand

(Reuters) -Polestar’s third-quarter vehicle sales jumped, bolstered by resilient demand in the Swedish electric-vehicle maker’s home market of Europe despite a tough macroeconomic backdrop marked by tariffs and cautious consumer spending. The company sold an estimated 14,192 cars in the third quarter, a rise of ...
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PepsiCo reports strong third quarter sales despite weakening demand in North America

PepsiCo reported better-than-expected revenue in the third quarter despite weaker demand for its snacks and drinks in North America. Revenue rose 2.6% to $23.94 billion in the July-September period. That was better than the $23.84 billion Wall Street was expecting, according to analysts polled by ...
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British and Indian prime ministers promote trade deal during visit by Starmer

NEW DELHI (AP) — Indian Prime Minister Narendra Modi met his British counterpart Keir Starmer on Thursday in talks meant to deepen cooperation on trade, defense and technology while promoting a trade deal between the countries. The talks in India’s financial capital of Mumbai marked ...
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Ferrari lifts the hood on EV tech in maiden electric car

By Giulio Piovaccari MARANELLO, Italy (Reuters) -Ferrari has unveiled the technology which will power its hotly-anticipated first electric car, the Elettrica, as the 78-year-old luxury Italian sportscar maker looks to add battery power to its hybrid and petrol-engine models. In a closely-guarded event at its Maranello ...
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Russia’s industrial titans furlough workers as its war economy stalls

By Anastasia Lyrchikova and Gleb Stolyarov MOSCOW (Reuters) -From railways and automobiles to metals, coal, diamonds and cement, some of Russia’s biggest industrial companies are putting employees on furlough or cutting staff as the war economy slows, domestic demand stalls and exports dry up. The ...
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Influx of retirement funds could push private markets to daily pricing – KKR’s Mogelof

NEW YORK (Reuters) -A rush of retail money into private markets will likely push money managers to calculate the value of their portfolios with unprecedented frequency, KKR’s head of client services said. Private market firms’ portfolio valuations have come under broad scrutiny in the past ...
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Porsche’s 9-month sales fall globally, China leads slump

(Reuters) -Germany luxury sports carmaker Porsche said on Thursday its sales fell globally in the first nine months of 2025, blaming challenging market conditions and intense competition for a 26% slump in the Chinese market. The carmaker delivered around 70,836 vehicles globally between July and ...
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