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XBiotech (XBIT) said the FDA has granted permission to commence clinical trials with its drug candidate for treating patients with pancreatic cancer. The phase I/II study will evaluate the company's new drug candidate when added to the ONIVYDE/5-FU combination therapy. XBiotech's new drug XB2001 is...

Arthur J. Gallagher & Co. (AJG), an insurance brokerage, risk management and consulting services firm, announced Monday that it has agreed to a strategic partnership with MIG Holding Ltd. Under the deal, the company will take a minority interest in Middle East & North Africa or MENA specialist insurance...

Evotec SE (EVTCY.PK, EVOTF.PK) said Monday that it reached a licensing and master service agreement with Kazia Therapeutics Limited (KZIA). As per the contract, Evotec will grant Kazia an exclusive worldwide license for research, development and commercialisation of Evotec's oncology project EVT801. EVT801...

Melrose Industries Plc. (MRO.L) announced Monday that it has entered into an agreement to sell its Nortek Air Management business to Chicago-based Madison Industries for about 2.62 billion pounds or $3.625 billion, in cash. The consideration for the disposal is based on an enterprise value of approximately...

Synlab, European clinical laboratory and medical diagnostic services company, said that it expects to price its planned initial public offering to be between 18.00 euros and 23.00 euros per share. The offer period is expected to start later Monday and to end on 27 April 2021. Trading of the Company's...

ABN AMRO Bank N.V. (ABNYY.PK) has accepted a settlement offer from the Dutch Public Prosecution Service regarding the anti-money laundering investigation in the Netherlands. The Group agreed to pay a fine of 300 million euros and 180 million euros as disgorgement. ABN AMRO Bank said the total amount...

Sanofi (SNYNF, SNY) said Monday that the European Commission approved Sarclisa or isatuximab in combination with carfilzomib and dexamethasone for the treatment of adult patients with relapsed multiple myeloma who have received at least one prior therapy. It marks the second EC approval of Sarclisa in...

Millicom International Cellular SA (TIGO) announced Monday that it has signed agreements for the sale of its operations in Tanzania and for its stake in the AirtelTigo joint venture in Ghana. Financial details were not disclosed. In Tanzania, the company has agreed to sell its entire operations to...

Nutrien Ltd. (NTR.TO, NTR) said that it has appointed Mayo Schmidt as President and Chief Executive Officer, effective immediately. Schmidt succeeds Chuck Magro, who is stepping down from his management and Board role at the company to pursue new opportunities. Magro will be available to the corporation...

KKR & Co. Inc. (KKR) said that it has invested in Adopt A Cow, a direct-to-consumer dairy company in China that integrates digital solutions into its core operations. Adopt A Cow's new funding round was co-led by KKR and DCP Capital. Founded in 2016, Adopt A Cow primarily produces and sells its pure...

Elbit Systems Ltd. (ESLT) said Sunday that it was awarded a contract valued at about $1.65 billion for the establishment and operation of the International Flight Training Center of the Hellenic Air Force, as part of a deal between the Israeli Ministry of Defense and the Hellenic Ministry of National...

CNH Industrial confirmed that it has terminated discussions with FAW Jiefang with regard to the company's On-Highway business, and is continuing to pursue its existing plans for a spin-off of these activities in early 2022. CNH Industrial said it believes there are significant opportunities to develop...

Adobe's (ADBE) co-founder Charles Geschke passed away on Friday at the age of 81. Geschke co-founded Adobe in 1982 with John Warnock, a colleague from Xerox. Their first product was Adobe PostScript. Geschke was chief operating officer of Adobe from December 1986 to July 1994 and president from...

GAMCO Investors Inc. (GBL) Friday said it expects first-quarter earnings of $0.55 to $0.59 per share. This compares to last year's profit of $0.42 per share. Assets under management were $33.4 billion at March 31, 2021 as compared to $27.5 billion at March 31, 2020. GAMCO said it will be issuing...

Shares of EHang Holdings Ltd. (EH) slipped nearly 7% on Friday morning after the Chinese autonomous aerial vehicle technology company reported fourth-quarter results, with loss widening from a year ago. EH is currently trading at $26.95, down $1.98 or 6.85%, on the Nasdaq. Net loss for the quarter...

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