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Roche’s Genentech more than doubles investment in North Carolina facility to about $2 billion
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SRN News
Former Energy Secretary Rick Perry’s Fermi upsizes US IPO, aims to raise $715 million
(Reuters) -Fermi is aiming to raise $715 million in its upsized U.S. initial public offering, the data center real estate investment trust said on Monday, as it aims to leverage burgeoning demand for energy infrastructure required to support AI ...
Monday, September 29
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SRN News
US SEC readies relief for asset managers to add ETFs to mutual funds
By Suzanne McGee and Chris Prentice (Reuters) -The U.S. Securities and Exchange Commission on Monday paved the way for an asset manager to add exchange-traded share classes to mutual funds, a move expected to kick-start approvals for dozens of applicants, ...
Monday, September 29
by
SRN News
Trump officials to announce plan to boost coal output
WASHINGTON (Reuters) -The United States is set to announce on Monday policies to try to boost the output of coal, the Interior Department said, as the Trump administration seeks to reverse the decline of the fuel’s use. President Donald Trump ...
Monday, September 29
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SRN News
Kala Bio scraps development of eye disease drug after trial failure
(Reuters) -Drug developer Kala Bio said on Monday it will stop developing its experimental treatment for a type of eye disease after the drug failed to meet the main goal in a mid-stage study. The study evaluating drug KPI-012 did ...
Monday, September 29
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SRN News
Amazon-backed aerospace startup Beta Technologies files for US IPO
(Reuters) -Aerospace startup Beta Technologies filed for an initial public offering in the United States on Monday, the latest company to join the rush to tap a record-breaking bull run in the equity market. Easing trade tensions, robust stock markets ...
Monday, September 29
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SRN News
Goldman Sachs upgrades global equities on growth optimism, policy support
By Joel Jose (Reuters) -Goldman Sachs on Monday upgraded its stance on global equities to “overweight” from “neutral” over the three-month horizon, citing improving economic momentum across regions, attractive valuations and growing support from monetary and fiscal policy. “We think ...
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Monday, September 29
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SRN News
CEO of drugmaker GSK to step down by year’s end
LONDON (AP) — GSK Chief Executive Emma Walmsley, the first woman to lead a major pharmaceutical company, will step down Dec. 31 after more than eight years at the head of the London-based drugmaker. Walmsley, 56, will be replaced by ...
Monday, September 29
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SRN News
Enanta’s RSV treatment misses main goal in mid-stage study
(Reuters) -Enanta Pharmaceuticals said on Monday its treatment for respiratory syncytial virus failed to shorten the time taken to reduce the severity of some symptoms, missing the primary goal of a mid-stage study. Shares of the company were down 9% ...
Monday, September 29
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SRN News
BDT & MSD’s Alliance Laundry targets $4.3 billion valuation in US IPO
(Reuters) -Alliance Laundry is targeting a valuation of up to $4.34 billion in its U.S. initial public offering, the commercial laundry equipment maker said on Monday. The Ripon, Wisconsin-based company and its backer, BDT Capital Partners, are aiming to raise ...
Monday, September 29
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SRN News
Lufthansa Group to cut 4,000 jobs by 2030 with help of AI, sees stronger profits ahead
FRANKFURT, Germany (AP) — Lufthansa Group said Monday that it would shed 4,000 jobs by 2030 with the help of artificial intelligence, digitalization and consolidating work among member airlines — even as the company reported strong demand for air ...
Monday, September 29
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ABC News
Trump seeks expedited Supreme Court review of birthright citizenship executive order
(WASHINGTON) -- President Donald Trump praised the U.S. Supreme Court in June for a "monumental victory" when it rolled back nationwide injunctions against his executive order attempting to end birthright citizenship.Three months later, after two federal courts universally blocked ...
Monday, September 29
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ABC News
Investigators probe for motive in Michigan LDS church shooting, fire
(GRAND BLANC, Mich.) -- The search for more potential victims of a mass shooting at a Michigan church continued into Monday, after a gunman killed at least four people while hundreds were worshiping on Sunday morning.Gunman Thomas Jacob Sanford, ...
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