– Purchase price of $47 per share in cash represents an equity value of approximately $3.9 billion, or an enterprise value of $3.4 billion (€3.0 billion) – – Planned acquisition will immediately add revenue and accelerate mid- to long-term growth for Merck KGaA, Darmstadt, Germany’s Healthcare business – – SpringWorks Therapeutics is a U.S. biopharmaceutical company with a first-in-class, systemic standard-of-care therapy in adults with desmoid tumors and the first and only approved therapy for

(Reuters) -Shares of India's Reliance Industries jumped 4% on Monday as investors cheered strength in its telecom and retail businesses after a quarterly profit beat, prompting analysts to upgrade the stock after months of underperformance. Over the last year, the billionaire Mukesh Ambani-led conglomerate has done worse than India's benchmark Nifty 50 index, which Jefferies said was amid concerns of a slowdown in its retail business. Analysts see the trend changing after Reliance beat fourth-quarter profit estimates, largely boosted by its retail and telecom units.

(Bloomberg) -- Private equity firms are scouring for investment opportunities in European defense, chasing the once shunned sector in an effort to benefit from a historic switch to military expansion in the region.Most Read from BloombergWhy Car YouTuber Matt Farah Is Fighting for Walkable CitiesNewsom Says California Is Now the World’s Fourth-Biggest EconomyAt Bryn Mawr, a Monumental Plaza Traces the Steps of Black HistoryLos Angeles Downgraded to AA- by S&P Due to Budget WoesUS Cricket Deepens

Coinbase legal boss Paul Grewal told SEC Chair Paul Atkins in a letter that his staff being unable to hold crypto is a roadblock for the agency's Crypto Task Force.

Asian markets inched higher in cautious trading on Monday as investors watched to see what may come of negotiations over U.S. President Donald Trump’s tariffs. Shares in China slipped despite more efforts by Beijing to boost the economy, as uncertainty persisted over the status of any talks between Washington and Beijing. Trump said he’s actively negotiating with the Chinese government on tariffs — while the Chinese and U.S. Treasury Secretary Scott Bessent have said talks have yet to start.

Reports on jobs, prices and the economy this week will command a lot of attention, even from the President of the United States.

China's Ant Group is buying a controlling stake in Hong Kong-based brokerage Bright Smart Securities & Commodities Group for about $362 million, marking the fintech firm's first acquisition of a securities brokerage licence. Ant Group agreed to buy a 50.55% stake in Bright Smart for HK$2.81 billion ($362.26 million), the firms said in a joint statement. Bright Smart chairman Yip Mow Lum is selling 857.98 million shares at HK$3.28 each to Ant Group's Wealthiness and Prosperity Holding, which will be required to make an unconditional mandatory cash offer for all the issued shares.

The Nifty 50 was up 0.9% at 24,255.55 and the BSE Sensex gained 0.98% to 79,989.97 as of 10:33 a.m. IST. Around a third of the Nifty's gains came from oil-to-telecom conglomerate Reliance Industries, which jumped 3% and hit a six-month high after beating analysts' estimates for quarterly earnings. "RIL's analyst meeting had a confident tone on the outlook for consumer retail growth normalisation back to double digits and domestic fuel sales increases, with details on ramp-up of the new energy vertical," Morgan Stanley said in a note.

Premium cinema technology company IMAX (NYSE:IMAX) reported Q1 CY2025 results beating Wall Street’s revenue expectations, with sales up 9.5% year on year to $86.67 million. Its non-GAAP profit of $0.13 per share was 14.9% above analysts’ consensus estimates.

Australia's Lynas Rare Earths on Monday missed market estimates for its third-quarter gross sales revenue, hit by lower rare earths market pricing and global trade volatility. Lynas, the world's largest producer of rare earths outside China, posted third-quarter gross sales revenue of A$123 million ($78.62 million), missing Visible Alpha consensus of A$155.7 million. The figure, however, was about a 22% rise from A$101.2 million logged a year earlier.