Year: 2025
Embattled Iran slams consequences of war on oil markets
Dilara Irem Sancar | Anadolu | Getty Images Iran’s oil minister on Wednesday criticized the effects of war-led disruptions to oil markets, weeks after Tehran’s 12-day hostilities with Israel sent crude price soaring. In remarks via videoconference for the OPEC seminar in Vienna, Mohsen Paknejad said, “Whatever the cause, an aggression of war that leads […]
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Copper now costs way more in the U.S. than elsewhere. This could hit its economy hard
Close up of electrical engineer inspecting copper windings in an electrical engineering factory. Monty Rakusen | Digitalvision | Getty Images The cost of copper for U.S. buyers has rocketed after President Donald Trump said he would impose a 50% tariff on imports of the metal. It means that already elevated prices are now even higher […]
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Hims & Hers to offer generic semaglutide in Canada as Novo Nordisk patent lapses
The Hers website arranged on a laptop in New York, US, on Wednesday, Feb. 12, 2025. Gabby Jones | Bloomberg | Getty Images Hims & Hers Health announced Wednesday it will offer generic semaglutide in Canada as Novo Nordisk‘s patent on its branded drugs Ozempic and Wegovy is set to expire in January. “Canada is […]
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European Union in limbo as Washington keeps it waiting on a trade agreement
The European Union (EU) is stuck in limbo as uncertainty persists around when a trade agreement with the U.S. might be reached. The goal had been to agree on a framework by July 9, when a temporary reprieve from U.S. President Donald Trump’s “reciprocal” tariffs was initially meant to expire. The EU was seemingly still […]
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Stocks making the biggest moves premarket: Starbucks, AES, Verona Pharma, UnitedHealth & more
Check out the companies making headlines before the opening bell: Starbucks – Shares of the coffee chain jumped almost 2% after CNBC reported that Starbucks China has drawn bids for a potential stake sale that value the subsidiary at up to $10 billion. While shortlisting could be done in two months, the deal itself likely […]
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BNY Mellon will have custody of Ripple’s new stablecoin as institutional interest in crypto swells
Jakub Porzycki | Nurphoto | Getty Images Bank of New York Mellon will be the primary custodian for the Ripple’s U.S. dollar-pegged stablecoin reserves going forward, the two companies said Wednesday. The partnership should enhance regulatory compliance for Ripple, the issuer of ripple USD (RLUSD), and boost institutional credibility for the company as well as […]
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Vanguard, BlackRock deliver second-half market plays that could cushion a potential growth slowdown
ETF Edge Vanguard, BlackRock deliver second-half market plays that could cushion a potential growth slowdown Published Wed, Jul 9 20257:30 AM EDT Siena Griffin@siena_griffin WATCH LIVE Source
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Merck shells out $10 billion for London-based lung therapy firm Verona
Bloomberg | Bloomberg | Getty Images Merck will buy UK-based Verona Pharma for about $10 billion, the companies said on Wednesday, strengthening the U.S. firm’s respiratory treatment portfolio in a bid to diversify its revenue source beyond blockbuster cancer drug. Merck has been leaning on its aging cancer immunotherapy Keytruda, the world’s top-selling prescription medicine, […]
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Singapore state investor Temasek is rethinking defense as a strategic ESG bet
Defense stocks are booming — and according to one of Asia’s biggest investors, allocating capital to the sector doesn’t mean having to abandon ESG initiatives. Speaking to CNBC’s Martin Soong on Wednesday, Rohit Sipahimalani, chief investment officer at Singapore’s state investment fund Temasek, said his team were looking at opportunities in the European defense sector. […]
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Temasek’s portfolio scales new peak even as divestments hit over 2-decade high
An undated photo of a signage at Singapore state investor Temasek Holdings’ headquarters in the Southeast Asian city-state. Bryan van der Beek | Bloomberg | Getty Images Singapore state investment company Temasek Holdings’ net portfolio value soared to a record high of 434 billion Singapore dollars ($324 billion) for its financial year ended March. That’s […]
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