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Semiconductors
UK backs chipmaker Pragmatic to boost domestic tech manufacturing
...Instead, the government has sought to focus on chip design rather than manufacturing....
December 6, 2023
Pharmaceuticals sector
EU outlines plan to avert shortages of more than 260 critical medicines
...Health commissioner Stella Kyriakides is pushing the plan after lobbying from health ministers following last winter’s shortages. Painkillers for children were among those affected....
December 12, 2023
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
Blackstone Group LP
Blackstone nears deal to buy former Britishvolt site in northern England
...The deal would mark an end to the effort to find another company to back an EV battery factory on the site, or an alternative plan to make it a major manufacturing centre....
April 15, 2024
News in-depthReckitt Benckiser Group PLC
Fight, settle or split? How a $60mn damages verdict is piling pressure on Reckitt
...Last year, the US food and drugs watchdog sent Reckitt and two other manufacturers a warning over its baby formula manufacturing safety standards....
March 22, 2024
UK manufacturing
UK government eyes AstraZeneca factory expansion deal
...The plans are not final and the company could still expand at other sites, including its Macclesfield manufacturing base, according to a person familiar with the matter....
January 24, 2024
British American Tobacco PLC
British American Tobacco to sell down stake in India’s ITC
...The announcement of plans to offload some of its stake in ITC came as BAT said it was facing an even bigger writedown in the value of some of its US cigarette brands than anticipated....
February 8, 2024
FT Live
Global Pharma and Biotech Summit
Driving life sciences innovation in a disrupted world
Tuesday, 5 NovemberIn-Person & Online Conference
The Big Read
Will Xi’s manufacturing plan be enough to rescue China’s economy?
...” from China’s expansion of high-tech manufacturing....
March 27, 2024
News in-depthChinese economy
China warns west of ‘survival of the fittest’ as manufacturing boosts economy
...But with property sales falling by double digits, analysts questioned whether policymakers’ concentration on fuelling supply instead of domestic demand would prove a sustainable plan for an economy suffering...
April 17, 2024
Taiwan Semiconductor Manufacturing Co Ltd
TSMC plans to charge customers more for chips made outside Taiwan
...Taiwan Semiconductor Manufacturing Company plans to charge customers more for making their chips outside of Taiwan, as global capacity expansion, power costs and increasingly complex cutting-edge technologies...
April 18, 2024
Australia
‘Made in Australia’ drive aims to shift economy from ‘world’s quarry’ label
...It has appointed Ivan Power, a 20-year Macquarie Group veteran, to run the fund. Power said Australia could offer a big pool of private capital, including large pension funds....
April 3, 2024
Johnson & Johnson Co Inc
Johnson & Johnson buys device maker Shockwave for $13.1bn
...J&J’s medtech division has outstripped the growth of the company’s drugs and diagnostics business, generating $30.4bn in sales last year, or 35 per cent of group revenues....
April 5, 2024
Intel Corp
Intel to receive $8.5bn in US funding for high-end chip manufacturing
...It marks the final step in Gelsinger’s plan to develop five such nodes in four years. In February, Microsoft revealed that it would be one of Intel’s first 18A manufacturing customers....
March 20, 2024
Brexit
Brexit has ‘exacerbated’ UK drug shortages, research finds
...During the pandemic, the severe lockdown in China also contributed to manufacturing delays....
April 17, 2024
European economy
Rising services activity points to pick-up in Europe’s economy
...“Therefore, the PMI price news is not enough to change the ECB’s apparent plan to cut rates in June rather than April.”...
March 21, 2024
Novo Nordisk AS
Novo Nordisk’s sales of weight loss drugs soar
...Novo Nordisk expects demand for its weight loss drugs to continue to outstrip supply despite expanding manufacturing capacity, as new trial data bolsters its case that treating obesity has broader health...
November 2, 2023
FT Live
US Decarbonization and Industrial Transition Summit
Securing the resources to build and finance America's clean energy future
Wednesday, 29 MayWashington, D.C., USA
Covid-19 vaccines
Moderna puts plans for African vaccine plant on hold
...Germany’s BioNTech, which developed its own mRNA-based Covid vaccine with Pfizer, has also scaled back its African ambitions but has broken ground on a vaccine manufacturing site in Rwanda....
April 11, 2024
Apple Inc
Apple Watch sales ban can resume, US appeals court rules
...A US appeals court has allowed a sales ban on Apple’s Watch Series 9 and Ultra 2 to resume, the latest setback in the technology giant’s dispute with health technology company Masimo over patents for its...
January 18, 2024
Rail
Disjointed rail planning leaves UK train builders facing closure
...It has warned the government that it has made contingency plans for job losses, according to a person familiar with the matter....
April 11, 2024
Chinese economy
China’s economy suffers blow as factory activity slows
...He noted that the month contained fewer working days than usual due to the lunar new year, making it a less reliable indicator of economic health....
March 1, 2024
Apple Inc
Apple resumes US sales of Watch as court order puts ban on hold
...Apple is resuming sales in the US of its Watch Series 9 and Ultra 2 after an appeals court halted a ban handed down by a trade tribunal, the latest development in an ongoing patent battle with health technology...
December 27, 2023
Novo Nordisk AS
Novo Nordisk strikes $11bn deal to expand production of weight loss drug
...As part of the transaction, Novo Holdings, which controls the majority of the Danish pharma group’s voting rights, has agreed to sell three of Catalent’s manufacturing sites to Novo Nordisk....
February 5, 2024
Ryanair Holdings PLC
Ryanair demands compensation from Boeing for aircraft delivery delays
...We’re working to address their concerns and taking action on a comprehensive plan to strengthen 737 quality and delivery performance,” it said....
February 26, 2024
Ryanair Holdings PLC
Ryanair boss calls on Boeing to improve quality control after mid-flight accident
...Ryanair boss Michael O’Leary has called on Boeing to improve quality control, warning his airline’s profits will fall and fares will rise because of manufacturing issues plaguing the US group and its rival...
January 9, 2024
Inside BusinessSilvia Sciorilli Borrelli
The threat to the Italian heritage in car manufacturing
...The group has also recently released a new electric version of its historic Topolino model....
February 29, 2024
Electric vehicles
Audi looks at EV manufacturing in US to expand market share
...Carmakers such as Hyundai have poured billions into new facilities because of the act, while VW slowed plans for an eastern European battery plant to focus on North American investments....
March 19, 2024

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