Eli Lilly & Co. is acquiring US biopharma company Morphic Holding Inc. for $3.2 billion to advance its experimental therapies for inflammatory bowel disease and other chronic illnesses.
Sectors
EU Tariffs Reportedly Slow Down China’s EV Export Growth by 20-30%
European tariffs have reportedly slowed China's electric and plug-in hybrid vehicle export growth by 20-30% in recent months.
Listeria Found in Al-Safa Frozen Chicken: USDA Recalls 2,010 Pounds Imported from Canada
The USDA's Food Safety and Inspection Service recalled 2,010 pounds of frozen ready-to-eat chicken imported from Canada by Al-Safa US due to potential contamination with listeria, discovered during routine testing.
Burberry Prepares to Cut Jobs Due to Plummeting Sales
British luxury clothing retailer Burberry announced that it was making hundreds of jobs redundant after allegedly initiating a restructuring program as a reaction to a drop in profits.
United Boeing 757 Safely Lands After Losing Wheel On Takeoff
A United Airlines Boeing 757 lost a landing gear wheel while taking off from LAX on July 8, but safely landed in Denver with no further incident.
Latest News
Elon Musk's SpaceX is under scrutiny for its operations at the Starbase facility in Boca Chica, Texas.
Eric Trump has reportedly revealed the Trump Organization's intentions to expand its real estate and hospitality ventures in the Middle East, even as his father, former President Donald Trump, seeks re-election.
Epic Games has announced its intention to challenge Apple's demand regarding changes to its user interface.
Shares of the TSMC rose to a record intraday high in Taipei’s stock market after Morgan Stanley and other brokers boosted price targets on the company before its earnings.
The United States (US) is reportedly on the path to encountering an unprecedented level of national debt in the next four years.
Boeing would reportedly plead guilty to one count of conspiracy to defraud the US and pay up to $487 million in penalties to avoid prosecution.
Beef-loving Argentines are cutting down on steaks as the economy slumps, lowering cattle consumption to a historic low.
Major South Korean battery producer SK On is in crisis amid weak electric car sales of its clients in the US and Europe.
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