Industrial-automation systems maker Emerson Electric Co is looking to merge two of its business units with smaller rival firm Aspen Technology Inc, the Wall Street Journal reported.
The deal, worth approximately $11 billion, would see Emerson own 55% of the newly-formed company, while Aspen shareholders would retain the remaining 45%....
Alamar Foods, Saudi Arabia's regional operator for Domino's Pizza, is looking into the launch of an IPO, sources close to the matter revealed. This move would enable the Carlyle Group to sell some of its stake in the company. As of late, the Carlyle Group possesses $276 billion in...
The Canadian province of Ontario revealed its plan to lift several COVID-19 health restrictions. Starting from Saturday at midnight, concert venues, theatres, sports stadiums, and other spectator facilities will be permitted to host a higher capacity of spectators than was previously permitted. Spectators will still, however, be required to...
Brain disease drug developer Neumora Therapeutics received a $100 million equity investment from U.S. biotech firm Amgen Inc. As a result, Neumora will receive global rights to produce and distribute some of Amgen's experimental drugs aimed at neurodegenerative diseases.
Together with the $400 million that the company raised from investors...
Johnson & Johnson revealed recently that it has begun the process of seeking emergency use authorization of the booster shot for its COVID-19 vaccine for people 18 years of age and older. In order to embark on the process, the pharmaceutical giant submitted data to the U.S. Food and...
The National Union of Metalworkers of South Africa (NUMSA) launched a strike last week in an effort to seek pay rises. According to industry and union officials, the strike, with no definite end date, threatens to bottleneck the supply of auto parts that are critical to the production of...
EV maker Tesla Inc revealed on Saturday its electric vehicle delivery figures for the third financial quarter, significantly exceeding experts' estimates. As Elon Musk urged staff to "go super hardcore" in their Q3 sales push, Tesla deliveries surged by 20% in the period of July to September, thus marking...
Rivian Automotive lost nearly $1 billion in the first half of the year, as was disclosed by the company's IPO filing as shown on Friday. The electric vehicle maker, which is backed by both Amazon.com Inc and Ford, has engaged in an aggressive production strategy, ramping up manufacturing...
Britain's antiviral taskforce chair Eddie Gray hinted at Britain's interest in buying the molnupiravir, an experimental oral COVID-19 drug developed by Merck & Co Inc.
While Gray declined to comment directly on any potential talks being held between Britain and Merck & Co Inc, he did mention the following: "We...
DNA Sequencing firm Oxford Nanopore Technologies Ltd. launched its initial public offering (IPO) on the London Stock Exchange, with shares being sold at 425 pence each. The company managed to sell 350 million pounds worth of new stock, while its backers were able to generate 174 million pounds from...