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Norwegian aluminium and renewable energy company Norsk Hydro ASA (NHY, NHYDY.PK, NHYDY.PK) Friday said it has entered into an agreement to sell its Rolling business to KPS Capital Partners for 1.38 billion euros on an enterprise value basis. Hydro said the agreed deal price would result in a reduction...

Moderna Inc. (MRNA) said Friday that Takeda Pharmaceutical Co., Ltd (TAK) submitted a New Drug Application to the Government of Japan's Ministry of Health, Labour and Welfare or MHLW to import and distribute Moderna's vaccine candidate against COVID-19 (mRNA-1273 or TAK-919) in Japan. TAK-919 is Takeda's...

Roche (RHHBY) said FDA has approved Actemra/RoActemra subcutaneous injection for slowing the rate of decline in pulmonary function in adult patients with systemic sclerosis-associated interstitial lung disease. Actemra/RoActemra is the first biologic therapy approved for the treatment of the disease....

Novartis AG (NVS) announced Friday that Shannon Thyme Klinger, Chief Legal Officer, has decided to resign from the role and return to the US to take an executive role at a biotechnology company. Klinger will step down from the Executive Committee of Novartis or ECN, effective March 15. The company...

General Motors Co. (GM) is evaluating a second location in the U.S. to produce battery cells for electric vehicles with its joint-venture partner, South Korea-based LG Chem, the Wall Street Journal reported citing people familiar with the matter. The companies reportedly hope to have a decision on...

Chevron Corp. (CVX) said that the United States Court of Appeals for the Second Circuit affirmed multiple findings of civil contempt against disbarred attorney Steven Donziger, effectively bringing to a close his campaign to profit from the fraudulent Ecuadorian judgment he procured in violation of the...

CoStar Group Inc. (CSGP) said it withdrew its bid to acquire CoreLogic (CLGX) and terminated any further acquisition discussions, after CoreLogic rejected its increased buyout offer earlier on Thursday. CoStar Group believed rising interest rates would negatively impact the outlook for the mortgage...

The United Kingdom's Competition and Markets Authority (CMA) has launched an investigation into technology giant Apple Inc. (AAPL) following complaints that its terms and conditions for app developers are unfair and anti-competitive. iPhone maker Apple also operates the App Store, which is the only...

The European Commission has opened a formal antitrust investigation against Israeli pharmaceutical company Teva Pharmaceutical Industries Ltd. (TEVA) to assess whether it has illegally delayed the market entry and uptake of medicines that compete with its blockbuster multiple sclerosis drug Copaxone. The...

Amgen (AMGN) has agreed to acquire Five Prime Therapeutics (FPRX) for $38.00 per share in cash, representing an equity value of approximately $1.9 billion. The acquisition includes Bemarituzumab, a phase 3 ready, first-in-class program for Gastric Cancer. Five Prime's lead asset, bemarituzumab, is...

Square, Inc. (SQ) has entered into a definitive agreement to acquire a majority ownership stake in TIDAL, the global music and entertainment platform. Square expects to pay a mix of cash and stock of $297 million for the majority ownership stake, and existing artist shareholders will be the remaining...

Indian IT company Wipro Ltd. (WIT) announced Thursday that it has signed an agreement to acquire London-headquartered Capco for $1.45 billion. Capco is a global management and technology consultancy providing digital, consulting and technology services to financial institutions in the Americas, Europe...

The Marcus Corp. (MCS) reported a fourth quarter adjusted net loss per share of $1.22, compared to profit of $0.33, prior year. Analysts polled by Thomson Reuters expected the company to report a loss per share of $1.17, for the quarter. Analysts' estimates typically exclude special items. Fourth...

Eli Lilly and Company (LLY) announced positive topline results from the late-stage study of Tirzepatide in adults with type 2 diabetes. In the phase III study dubbed Surpass-2, Tirzepatide achieved superior A1C and body weight reductions from baseline across all three doses (5 mg, 10 mg and 15 mg)...

DeepGreen Metals Inc. has entered into a agreement with Sustainable Opportunities Acquisition Corp. (SOAC), a special purpose acquisition company, for business combination. The deal represents a pro forma equity value of $2.9 billion for the combined company, and enterprise value of $2.4 billion. Upon...

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