Pfizer files second suit over Metsera bid

 

Pfizer filed a second lawsuit against Novo Nordisk and Metsera, accusing the Ozempic maker of an anticompetitive bid to acquire the obesity biotech and cement dominance in a booming market. The Delaware federal suit also claims Metsera’s controlling shareholders conspired with Novo. Novo’s spokesperson called Pfizer’s allegations baseless, saying its...

OpenAI inks 38 billion AWS cloud deal

 

OpenAI said Monday it will buy $38 billion in Amazon cloud services over seven years, immediately starting to use AWS compute and targeting full deployment by the end of 2026, with capacity expandable into 2027. The move follows last week’s restructuring, which removed the need for Microsoft’s approval to buy...

Microsoft signs AI capacity deal with IREN

 

Microsoft has agreed to spend about $9.7 billion on artificial intelligence computing capacity from IREN Ltd., making the Sydney-based firm’s largest customer. The five-year deal gives Microsoft access to Nvidia systems in Texas built for AI workloads and includes a 20% prepayment, IREN said Monday. To fulfill the agreement, IREN...

Kimberly Clark to acquire Kenvue creating consumer giant

 

Kimberly-Clark will buy Tylenol-maker Kenvue in a cash-and-stock deal valued around $48.7 billion, aiming to form one of the largest U.S. consumer health companies. Premarket trading reflected the jolt: Kenvue shares jumped 18% while Kimberly-Clark fell 12.5%. The combined portfolio, spanning Neutrogena, Huggies and Kleenex, is expected to generate roughly...

Gold steadies as China ends tax rebate

 

Gold hovered near $4,000 an ounce after a shaky Monday open, recovering 0.2% following an early drop of up to 1%. The move came after Beijing ended a long-standing policy allowing some retailers to fully offset value-added tax on gold bought from the Shanghai Gold Exchange and Shanghai Futures Exchange,...

Futures Rise As Tech Earnings Lift Sentiment

 

US equity-index futures edged higher Monday, hinting the seven-month global stock rally still has momentum as strong tech earnings and easing US China trade tensions buoy sentiment. S&P 500 and Nasdaq 100 contracts rose 0.2% after Friday’s gains, with optimism offsetting worries about a tech-heavy advance. Across Asia, shares added...

LendingTree estimates tariffs add billions to holidays

 

American shoppers face a pricier holiday season as LendingTree estimates President Donald Trump’s “liberation day” tariffs will add $40.6 billion to seasonal costs. Consumers would shoulder $28.6 billion—about $132 per shopper—while retailers absorb roughly $12 billion. Prices on select foods and consumer goods have already climbed, and more tariff-hit items...

US China trade deal eases chip ban

 

China will ease its export ban on automotive computer chips under a US China trade deal outlined by White House after Xi Jinping and Donald Trump met in South Korea. Beijing will ensure Nexperia’s China facilities resume shipments of legacy chips and pause export controls on rare earth minerals for...

Cannabis stocks rally on policy reform hopes

 

Cannabis shares are stirring after years of drift, buoyed by hopes for federal rules on hemp products and hints that President Donald Trump could soften policy on marijuana. Verano posted $203 million in revenue and a $44 million loss, while Curaleaf and Trulieve report next week. Tilray’s stock has already...

Small bike maker challenges Trump tariffs

 

Behind a Burlington coffee shop, Terry Precision Cycling has become an unlikely face of the fight over President Donald Trump’s tariffs. The women-focused gear maker joined a Supreme Court challenge, saying volatile duties on imports from China, France, Guatemala and Italy threaten its survival; one shorts model rose $50 when...