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...Eli Lilly and Vertex declined to comment on the talks....
...Englander has built Millennium into a hedge fund that increasingly resembles the markets division of a global bank....
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...Several US pharma bosses are better paid, with Dave Ricks, head of Eli Lilly, earning $26.6mn in 2023....
...Wegovy, alongside Eli Lilly’s tirzepatide-based drugs, which are both administered via weekly injections, are expected to generate $18.2bn in global sales this year, according to projections by research...
...Its non-tech winners included Apollo Global, Eli Lilly, Airbus and online gambling company Flutter....
...Novo Nordisk is the market leader, with a 54.3 per cent global market share....
...US private equity group Apollo Global is in discussions with Sony Pictures Entertainment about making a joint takeover bid for Paramount Global that would rival ongoing talks between controlling shareholder...
...The side effects of Eli Lilly’s and Novo Nordisk’s obesity treatments are very similar, and patients could switch from one to the other, Stanford said....
...Eli Lilly’s $1.4bn acquisition of Point Biopharma Global is good news for the battered sector. Cheaper valuations have finally drawn cash-rich pharmaceutical makers back to biotechs....
...Opec+ has undertaken voluntary production cuts since November 2022 — despite vehement US opposition — in order to boost global oil prices amid tepid global demand....
...Tiger Global has raised $2.2bn for its latest venture capital fund, roughly a third of the $6bn target it touted to investors when it first announced the fund in 2022....
...There was, however, only one person being tried: Mohammed Ali Rashid, a former senior partner at Apollo Global Management....
...Apparently, Apollo Global Management has other priorities....
...In our view, a spate of technological breakthroughs is in the process of transforming not only the global economy but also financial markets....
...reality even higher still as the top 10 includes two separate share classes of Alphabet, the parent of Google, alongside five of the other so-called Magnificent Seven stocks and three other US companies: Eli...
...If found guilty, companies face fines of up to 10 per cent of global turnover....
...Plus, global stock market concentration has risen to its highest level in decades....
...Suzhou-based biotech group Innovent has the Chinese rights to a promising next generation obesity drug from Eli Lilly called Mazdutide. It announced positive late-stage trial results in January....
...It coincided with a mammoth fiscal stimulus effort and a global supply chain logjam. These alone might plausibly explain why inflation shot up and then collapsed....
...A McKinsey global survey of autonomous vehicle executives, published this month, revealed an industry in a state of flux....
Best-performing managers’ punchy bets on stock markets paid off in 2023
Deal follows move by Swiss bank to renegotiate terms of original sale of a business owned by Credit Suisse
...A case in point: Moore Global, a global network of more than 200 mid-size accounting firms with annual revenue that rose 15 per cent last year to $4.5bn, said more than half its revenue growth in 2023 came...
...Protecting people on an open, global web is an urgent example of why we need a bold and responsible approach to AI. It’s not the only one....
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