Bayer AG struck a US$2 billion deal to resolve future legal claims that its widely used weedkiller Roundup causes cancer, the German company said on Wednesday.
The number of GameStop shares shorted edged higher as the video game retailer's stock price tumbled on Tuesday, according to the latest data from analytics firm S3 Partners.
Jazz Pharmaceuticals Plc said on Wednesday it had agreed to buy GW Pharmaceuticals plc in a US$7.2 billion cash-and-stock deal which will bolster its neuroscience business with the addition of a cannabis-based epilepsy treatment.
The vast majority of U.S. small businesses took a hit to their revenue last year because of the coronavirus pandemic, with minority-owned businesses struggling the most and worrying more about accessing credit, according to a Federal Reserve survey released on Wednesday.
General Motors Co became the latest automaker hit by the global shortage of semiconductor chips as the U.S. automaker said on Wednesday it will take down production next week at four assembly plants.
A shortage of auto chips could impact 672,000 units of global light vehicle production in the first quarter, data firm IHS Markit said on Wednesday, warning that the disruption could extend into the third quarter.
German carmaker Daimler plans to spin-off Daimler Truck, the world's largest truck and bus maker, to allow it to focus on zero-emission vehicles and self-driving technologies.
SINGAPORE: The World Economic Forum (WEF) Special Annual Meeting that was due to take place in Singapore in May has been rescheduled to August. The meeting will convene on Aug 17 to Aug 20 instead of May 25 to May 28, as initially scheduled. "Although the World Economic Forum...
The S&P 500 and the Nasdaq climbed on Wednesday, lifted by heavyweight Alphabet Inc's shares after its strong results, while investors counted on more fiscal stimulus to ride out the economic downturn.
Ant Group Co has agreed on a restructuring plan with Chinese regulators under which the fintech giant will be turned into a financial holding company, Bloomberg News reported.
