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Eli Lilly COVID-19 antibody trial paused due to potential safety concern

US drugmaker Eli Lilly and Co said on Tuesday (Oct 13) that the government-sponsored clinical trial of its COVID-19 antibody treatment has been paused because of a safety concern.

Markets

GM seeks reinstatement of its racketeering case against Fiat Chrysler

General Motors Co on Tuesday filed an appeal with the 6th Circuit Court of Appeals in Cincinnati, seeking reinstatement of its racketeering lawsuit against Fiat Chrysler Automobiles NV .

Markets

Oil rises nearly 2% as robust China trade data offsets returning supply

Oil prices rebounded on Tuesday, supported by robust economic data from China that offset returning supply in other regions but gains were capped by forecasts for a slow recovery in global oil demand as coronavirus cases rise.

Markets

Citigroup’s Corbat faces tense analyst questions as he approaches exit

Citigroup Inc’s outgoing chief executive came under fire on Tuesday for mistakes that have led to regulatory penalties during a conference call to discuss quarterly results, with analysts questioning his pay and why he is not leaving immediately.

Markets

Oil rises nearly 2per cent as robust China trade data offsets returning supply

Oil prices rebounded on Tuesday, supported by robust economic data from China that offset returning supply in other regions but gains were capped by forecasts for a slow recovery in global oil demand as coronavirus cases rise.

Markets

UniCredit picks former Treasury chief Padoan as chairman

Italian bank UniCredit on Tuesday said it had named economist Pier Carlo Padoan as director and would appoint the former Treasury chief as chairman when it renews the board next spring.

Markets

J&J to contribute up to US$5 billion to potential US opioid settlement

Johnson & Johnson on Tuesday said it will contribute up to US$1 billion more to a potential settlement of lawsuits alleging it and other companies fueled the U.S. opioid epidemic, bringing the total amount it would pay to US$5 billion.

Markets

JPMorgan sticks with plan to build giant New York headquarters

JPMorgan Chase & Co is forging ahead with plans to build a mammoth new headquarters in New York, Chief Executive Jamie Dimon said on Tuesday, despite the coronavirus pandemic casting serious doubt on the future of office buildings.

Markets

McAfee looks to raise up to US$814 million in US IPO

REUTERS: Cyber security firm McAfee Corp said on Tuesday it is looking to raise up to US$814 million in its U.S. initial public offering. The company, which was carved out of Intel Corp four years ago, will sell nearly 31 million shares, while the selling stockholders will offer about...

Markets

J&J to contribute up to US$5 billion to potential opioid settlement

Johnson & Johnson on Tuesday said it will contribute up to US$1 billion more to a potential settlement of lawsuits alleging it and other companies fueled the U.S. opioid epidemic, bringing the total amount it would pay to US$5 billion.

Markets

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