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Celltrion unit pays $330 million for Eli Lilly production facility, filing shows

SEOUL (Reuters) -Celltrion Inc. said in a regulatory filing in South Korea on Tuesday its U.S. subsidiary has acquired Imclone Systems LLC from Eli Lilly in the United States for $330 million. In a statement, Celltrion said it aimed to complete the factory acquisition ...
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JPMorgan to engage with stakeholders on H-1B visa fee, paper says

(Reuters) -JPMorgan is engaging with stakeholders and policymakers after U.S. President Donald Trump unveiled a one-time fee of $100,000 for H-1B visas, the Times of India newspaper said on Tuesday, citing an interview with CEO Jamie Dimon. Some big tech companies warned visa holders to ...
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Exxon Mobil begins production at new base stock facilities in Singapore

(Reuters) -Exxon Mobil Corp has started production at new facilities at its Singapore oil refinery complex to produce base stocks from residue fuel, it said on Tuesday. The technology combines processes to convert fuel oil and other bottom-of-the-barrel crude products into higher-value lube base stocks ...
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Australia sues IAG’s unit for allegedly misleading thousands of customers

-The Australian Securities and Investments Commission on Tuesday initiated Federal Court proceedings against RACQ Insurance, a unit of Insurance Australia Group, alleging the insurer misled thousands of customers with false premium comparison pricing in renewal documents over a five-year period. Between September 2019 and December ...
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Chile’s Corfo agency preps lithium contracts ahead of SQM-Codelco deal

SANTIAGO (Reuters) -Chilean economic development agency Corfo said on Monday it has submitted to the comptroller’s office the terms of a modified lease agreement with lithium producer SQM through 2030, and of a new 2031-2060 lease for a joint venture between SQM and state ...
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Largest US rail union endorses Union Pacific, Norfolk Southern merger

By Sabrina Valle (Reuters) -The largest U.S. railroad union said Monday it will support Union Pacific’s $85 billion acquisition of Norfolk Southern, helping to advance a deal that surprised competitors and had been expected to face resistance from labor and regulators. The endorsement marks a shift ...
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Trump says Uzbekistan Airways to buy up to 22 Boeing 787 Dreamliners for over $8 billion

WASHINGTON (Reuters) -U.S. President Donald Trump said on Monday Uzbekistan Airways signed a deal with Boeing for over $8 billion in which Uzbekistan Airways plans to acquire up to 22 Boeing 787 Dreamliners. Trump said on Truth Social he spoke to Uzbekistan President Shavkat Mirziyoyev ...
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Analysis-Innovent’s weight-loss drug highlights China challenge for Novo, Lilly 

By Andrew Silver SHANGHAI (Reuters) -Innovent Biologics’ newly launched weight-loss drug is making inroads in its home market of China, ramping up competition with its Western rivals as it pursues a marketing strategy that is gaining traction. Xinermei, launched in July, is the third once-weekly injectable ...
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Heineken to buy FIFCO’s beverage and retail businesses for $3.2 billion

(Reuters) -Dutch brewer Heineken said on Monday it will buy the beverage and retail businesses of Florida Ice and Farm Company for $3.2 billion in cash, boosting its presence across Central America. Heineken will gain ownership of Costa Rica’s century-old national beer “Imperial” through the ...
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Trading Day: 100 billion reasons to be bullish

By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Wall Street rose to new highs on Monday, lifting global stocks to fresh peaks in the process as investors cheered the latest multi-billion-dollar agreement – one of ...
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A jury will look at whether Amazon tricked customers into joining Prime — and made it hard to leave

SEATTLE (AP) — A federal trial beginning in Amazon’s hometown this week is set to examine whether the online retailing giant tricked customers into signing up for its Prime service and made it difficult to cancel after they did so. The Federal Trade Commission sued ...
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MLB owners approve sale of Tampa Bay Rays to group headed by Patrick Zalupski

NEW YORK (AP) — Major League Baseball owners voted unanimously Monday to approve the sale of the Tampa Bay Rays to group headed by real estate developer Patrick Zalupski, allowing the transfer from Stu Sternberg’s group to close. The Rays said on Sept. 17 they ...
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