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Gilead to buy cancer drugmaker Immunomedics Inc for $21 billion

Gilead Sciences Inc will acquire biopharmaceutical company Immunomedics Inc for $21 billion, a move that will strengthen its cancer portfolio by gaining access to a promising drug

Rocky road back to pre-Covid demand levels for gasoline, diesel: Executives

Global gasoline and diesel demand is expected to return to pre-pandemic levels by 2021-end, although a resurgence in Covid-19 cases would keep consumption fluctuating, several industry executives said

S&P Global Ratings expects Indian economy to contract 9% in fiscal 2021

S&P Global Ratings said that it was expecting India's economy to shrink by 9% in the fiscal year ending March 31, 2021, larger than its previous estimate of a 5% contraction

Gulf nation's fiscal diet risks deeper pain amid oil price uncertainty

Brent prices have rebounded since plunging to a more than 20-year low in April, but at just over $40 per barrel, they are significantly below what most Gulf states would need to balance their budgets

Molecular Partners completes manufacturing runs in bid for Covid-19 drug

Molecular Partners said that it had completed initial manufacturing runs for its candidate MP0420 that it aims to test in humans starting in November

Australian heavyweight Macquarie sees H1 profit slump in virus upheaval

The conglomerate said net profit for the current September half year would be hit as delayed deals and subdued market trading curtailed income

Carlyle may take $2 billion stake in retail arm of Reliance: Report

Carlyle Group is looking to invest up to $2 billion in Reliance Industries' retail business

Gold prices flat as vaccine hopes lift equities; focus shifts to Fed meet

Gold prices were flat as investors maintained a cautious approach ahead of Fed's policy decision this week and as optimism around a potential Covid-19 vaccine lifted appetite for riskier assets

Global Markets: Asian shares buoyed by coronavirus vaccine hopes

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.7%, poised for its second straight session of gains

Japan suspends German pork imports after African swine fever case

Japan suspended imports of pork and live pigs from Germany on Friday after a case of African swine fever (ASF) was confirmed in a wild boar in eastern Germany, the agriculture ministry said

Donald Trump signs new, expanded executive order to lower US drug prices

Donald Trump signed a new executive order on Sunday aimed at lowering drug prices in the United States by linking them to those of other nations and expanding the scope of a July action

SoftBank sells chip designer Arm to Nvidia Corp in $40 billion deal

The deal puts a vital supplier to Apple Inc and others across the industry under the control of a single player and will face potential pushback from regulators and Nvidia rivals

Embattled SoftBank renews talks on taking the group private: Report

The discussions are driven by frustrations over the persistent discount in SoftBank's equity valuation compared with the value of its individual holdings

Singapore watchdog fines Grab S$10,000 for 4th user data privacy violation

Singapore's privacy watchdog fined ride-hailing app Grabcar S$10,000, saying a 2019 update put the data of some users at risk of unauthorised access

Oil companies idle production as US Gulf Coast braces for hurricane

Offshore platforms and one refinery along the US Gulf Coast shut down on Sunday as they prepared for a second hurricane strike in less than a month

Canada looks set for a fight over $758 million compensation for Huawei gear

Canada, under pressure from the United States to ban Huawei Technologies Co Ltd gear on security grounds, is studying whether to allow the firm into the country's next-generation 5G networks

China issues new rules to tighten control over financial holding firms

New rules apply to firms with a banking operation & financial assets of over $73 bn

Bringing US economy to its knees, to being a friend: Opec turns 60

Founded in Baghdad on September 14, 1960 to counter the power of seven US and British oil companies, Opec has repeatedly yielded to pressure from Washington

Brexit trade talks have time before contentious UK bill is passed: Ireland

The British government has accused EU negotiators of threatening to impose a food blockade between mainland Britain and Northern Ireland and says the proposed legislation would prevent that

Covid impact: With airline fleets grounded, recyclers bet on parts boom

Canada's Aerocycle is bidding to buy grounded planes for the first time to dismantle and resell for parts, instead of just recycling aircraft