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Roche to acquire cell therapy maker Poseida Therapeutics in US$1.5 billion deal
SWITZERLAND’S Roche will acquire its US collaboration partner Poseida Therapeutics in a cash deal worth up to US$1.5 billion, banking on complex immune cell therapies against several types of blood…
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EV battery maker calls for cheaper EU energy to counter China
THE South Korean owner of the European Union’s largest factory of electric vehicle (EV) batteries called on the bloc to reduce energy costs and grow the strategic industry amid stiff…
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AI boom makes 139-year-old cable maker Japan’s hottest stock
THE global boom in artificial intelligence (AI) has turned an obscure 139-year-old Japanese company into a stock-market star. Fujikura, which makes wire cabling for data centres, is the best performer…
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AI boom makes 139-year-old cable maker Japan’s hottest stock
THE global boom in artificial intelligence (AI) has turned an obscure 139-year-old Japanese company into a stock-market star. Fujikura, which makes wire cabling for data centres, is the best performer…
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Chinese EV maker Nio’s Q3 net loss widens to 5.1 billion yuan on lower vehicle sales
CHINESE electric vehicle (EV) maker Nio’s net loss widened to 5.1 billion yuan (S$945.5 million) for its third quarter ended Sep 30, 2024, from 4.6 billion yuan in the year-ago…
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Strike At French Cognac Maker Hennessy Over Measures In China Spat
Hundreds of employees of French cognac maker Hennessy, part of the LVMH group luxury empire, went on strike on Tuesday to protest measures the brand plans to employ to circumvent…
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Vaccine Maker Stocks Fall After RFK Jr. Nominated To Lead Health Department
Former President Donald Trump welcomes Robert F. Kennedy Jr. to the stage during a campaign rally in Duluth, Ga., on Oct. 23, 2024. Anna Moneymaker/Getty Images The world’s largest vaccine…
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Luxury Chocolate Maker Confesses Its Candy Is Not Actually ‘Expertly Crafted’ In Effort to Get Toxic Ingredient Lawsuit Dismissed
A bar of Lindt chocolate is photographed in Lausanne, western Switzerland, on November 12, 2024. Top Swiss chocolatier Lindt & Sprungli is disputing claims brought by US consumers in a…
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Chip equipment maker ASMPT ends takeover talks with potential suitor
HONG Kong-listed ASMPT, a global provider of technology and equipment used in the manufacture of chips, said on Monday (Nov 11) it has ended takeover talks with a potential suitor,…
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Obesity Drug Maker Novo Nordisk Posts Strong Profit
Danish pharmaceutical giant Novo Nordisk, maker of the blockbuster diabetes and weight-loss drugs Ozempic and Wegovy, posted Wednesday strong third-quarter earnings despite being held back by production constraints. Europe’s most…
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German parts maker Schaeffler to cut 4,700 jobs on auto woes
Schaeffler will cut about 4,700 jobs in Europe and close two sites as a deepening slump at Volkswagen and other German carmakers ripples through their supply chains. About 2,800 of…
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Tyre maker Michelin to close two French plants by 2026
MICHELIN will close two factories in France by early 2026 affecting about 1,200 jobs, the French tyre maker said on Tuesday (Nov 5), the latest cutback in an European auto…
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IPhone maker Hon Hai’s October sales growth slows on weak demand
It has raised concerns about demand momentum for both AI infrastructure and iPhones Apple’s major manufacturing partner Hon Hai Precision Industry reported its slowest monthly sales growth since February, stoking…
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Apple to buy Pixelmator, maker of popular photo-editing apps
APPLE agreed to buy software maker Pixelmator, adding a popular high-end photo-editing app to its lineup. Pixelmator announced the acquisition on Friday (Nov 1), saying its Lithuania-based team would be…
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Nippon Paint to buy coatings, resins maker AOC for US$2.3 billion
Japan’s Nippon Paint has been expanding via several acquisitions in recent years Nippon Paint Holdings announced plans to purchase global chemicals formulator AOC for US$2.3 billion. The Japanese firm will…
