EUROP

Saudi wealth fund’s Savvy Games Group to invest $37.8 billion

Sept 29 (Reuters) – Saudi Arabia’s Savvy Games Group, owned by sovereign wealth fund PIF, will invest 142 billion riyals ($37.8 billion) in initiatives aimed at making the kingdom a global hub for gaming, state news agency SPA said on Thursday. The investments will include 70 billion riyals to take several minority stakes in companies …

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Analysis: Alzheimer’s drug trial breakthrough boost for Roche, Eli Lilly

Biogen, Eisai report landmark result for experimental drug Nearly all Alzheimer’s trials have failed previously Drugs from Roche and Eli Lilly target the same protein as Biogen, Eisai compound Shares of all four drugmakers soar on news LONDON, Sept 28 (Reuters) – The results of a key Alzheimer’s drug trial on Wednesday have reignited decades-old …

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Pfizer CEO tests positive for COVID for a second time

Albert Bourla, CEO of Pfizer attends a discussion at the World Economic Forum (WEF) in Davos, Switzerland May 25, 2022. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register Sept 24 (Reuters) – Pfizer Inc (PFE.N) Chief Executive Officer Albert Bourla said on Saturday he had tested positive for COVID-19. “I’m feeling well …

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US FDA advisers recommend Ferring’s fecal transplant therapy

A worker sweeps outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, US, August 29, 2020. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Sept 22 (Reuters) – A panel of US Food and Drug Administration advisers voted in favor of Ferring Pharmaceuticals’ fecal transplant-based therapy to reduce …

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Pfizer applies to Swissmedic for authorization of another COVID-19 vaccine

People pose with syringe with needle in front of displayed Pfizer logo in this illustration taken, December 11, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register BERLIN, Sept 22 (Reuters) – Pfizer said on Thursday it had submitted an application to Swissmedic for authorization of a further bivalent COVID-19 vaccine. The …

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Yellen says Russia offering ‘enormous discounts’ on oil to China, India

US Treasury Secretary Janet Yellen holds a news conference in the Cash Room at the US Treasury Department in Washington, US July 28, 2022. REUTERS/Jonathan Ernst/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 22 (Reuters) – A planned Western price cap on Russian oil is already making a difference, US …

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Morning Bid: BoJ intervention and rate hikes, say no more

Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in US and global markets from Dhara Ranasinghe. What a 24 hours it’s been in financial markets. Let’s start with Japan — just hours after confirming an ultra-loose monetary policy stance, authorities intervened to buy yen for the first time …

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Novartis to take US drug patent case to Supreme Court

A sign marks the Novartis Institutes for BioMedical Research facility in Cambridge, Massachusetts, US, June 16, 2021. REUTERS/Brian Snyder/File Photo Register now for FREE unlimited access to Reuters.com Register ZURICH, Sept 21 (Reuters) – Novartis AG (NOVN.S) plans to ask the US Supreme court to uphold the validity of a patent it holds on the …

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US FDA staff raises concerns about Spectrum Pharma’s cancer drug

The corporate logo of the US Food and Drug Administration (FDA) is shown in Silver Spring, Maryland, November 4, 2009. US health officials unveiled plans to fight avoidable injuries from medication errors or misuse, a problem that harms hundreds of thousands of people each year and can be deadly. REUTERS/Jason Reed Register now for FREE …

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Frugal is the new cool for young Chinese as economy falters

BEIJING, Sept 19 (Reuters) – Before the pandemic, Doris Fu imagined a different future for herself and her family: new car, bigger apartment, fine dining on weekends and holidays on tropical islands. Instead, the 39-year old Shanghai marketing consultant is one of many Chinese in their 20s and 30s cutting spending and saving cash where …

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