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BUSINESS

Pfizer ramps up obesity treatments push with 4.9 billion dollar deal for Metsera

Digital Desk -
Pfizer is doubling down on obesity treatments by spending 4.9 billion US dollars (£3.6 billion) on the development-stage drugmaker Metsera. The Covid-19 vaccine and treatment...
BUSINESS

Meta stock surges after Q2 results beat expectations despite heavy AI spending

Digital Desk -
Meta has posted stronger-than-expected results for the second quarter, buoyed by growing ad revenue even as its expenses increased. Shares in the Facebook owner surged...
BUSINESS

ECB leaves interest rates unchanged as it assesses impact of Trump tariffs

Digital Desk -
The European Central Bank has left interest rates unchanged as it waits to see how big a blow US President Donald Trump’s tariffs will...
BEAUTY

Cosmetics company acquires Hailey Bieber’s beauty brand for one billion dollars

Digital Desk -
Elf Beauty has acquired Hailey Bieber’s Rhode skincare brand in a one billion dollars (£740 million) deal, the companies said. Bieber’s Rhode had 212 million...
BUSINESS

Tesla’s monthly sales in Europe plunge by half

Digital Desk -
Tesla sales across Europe plunged by half last month even as growth in the electric car market picked up pace, according to newly released...
BUSINESS

M&S website back up for browsing after being taken down overnight

Digital Desk -
Marks & Spencer has reopened its website for customers to browse online after taking the site down overnight as part of efforts to recover...
BUSINESS

Elon Musk says he is committed to still being Tesla chief in five years’ time

Digital Desk -
Billionaire Elon Musk has said he is committed to being chief executive of Tesla in five years’ time as the carmaker faced intense consumer...
BUSINESS

IMF chief urges countries to move ‘swiftly’ to resolve trade tensions

Digital Desk -
The head of the International Monetary Fund (IMF) urged countries to move “swiftly” to resolve trade disputes that threaten global economic growth. IMF managing director...
BUSINESS

Greece signs deal to buy 16 anti-ship missiles from France

Digital Desk -
Greece has signed a deal to purchase anti-ship missiles from France as it seeks to bolster its defences in a procurement programme aimed at...
BUSINESS

EU will put tariff retaliation on hold for 90 days to match Trump’s pause

Digital Desk -
The European Union’s executive commission has said it will put its retaliation measures against new US tariffs on hold for 90 days to match...
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