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Merck to buy Terns Pharmaceuticals for $6.7 billion to boost cancer
Pharma giant Merck is buying U.S. biotech firm Terns Pharmaceuticals for $6.7 billion, the company said Wednesday.This is the third multibillion-dollar acquisition for Merck over the past year as the company looks to bulk up its…
Meta offers stock awards, options for executives, aggressive timing
Arda Kucukkaya | Anadolu | Getty ImagesMeta is granting stock options to key leaders in an effort to retain talent as pressure intensifies on the company to bolster its position in artificial intelligence. The executives in the incentive…
Pop Mart shares plunge over 22% as concerns over sustainability of Labubu
A PopMart Labubu The Monsters doll hangs from an influencer's handbag during a press preview outside an AliExpress pop-up store in London, Britain, Nov. 11, 2025. Isabel Infantes | ReutersPop Mart shares lost more than a fifth of their…
UK inflation unchanged in February in last print before the Iran war
People dispense fuel at the pump at Costco Petrol Station in West Thurrock, Essex. The conflict in Iran has caused a surge in oil and gas prices. Picture date: Thursday March 5, 2026.Jordan Pettitt - Pa Images | Pa Images | Getty…
What comes after Labubu? Inside Pop Mart’s next grow play
A performance featuring Labubu in Pop Land in March 2026.CNBCPop Mart knew Labubu would be a hit, but it didn't expect the shaggy little elf-monster to take over the world. Then, almost as quickly, the question followed: Is the bubble…
War puts the Gulf’s once‑packed conference calendar on hold
Before the Middle East war, the Gulf had positioned itself to become one of the world's busiest hubs for conferences, exhibitions, and high‑level events.The United Arab Emirates, Saudi Arabia and Qatar have each worked hard to be seen as…
WTI, Brent fall as Trump signals Iran talks despite Tehran denial
An Iranian security worker monitors an area in phase 19 of the South Pars gas field in Assalooyeh, on Iran's Persian Gulf coast, on Aug. 23, 2016.Morteza Nikoubazl | Nurphoto | Getty ImagesOil prices fell on Wednesday after U.S.…
SK Hynix files for U.S. listing as it rides ‘unprecedented growth’ in
A SK Hynix flag (R) and a South Korean national flag (L) flutter outside the company's Bundang office in Seongnam on Jan. 26, 2024. Jung Yeon-je | Afp | Getty ImagesSK Hynix revealed Wednesday that it made a confidential filing with the…
David Blitzer and Blackstone-backed group snaps up Indian cricket franchise
Royal Challengers Bengaluru's players celebrate with the trophy after winning the Women's Premier League (WPL) Twenty20 final cricket match against Delhi Capitals at the Kotambi Stadium in Vadodara on February 5, 2026. (Photo by Shammi…
Delta suspends perk for Congress members, cites DHS shutdown
A Delta Air Lines Boeing 757-200 plane passes by the Capitol dome in Washington as it comes in for a landing at Ronald Reagan Washington National Airport, Nov. 9, 2025.Bill Clark | Cq-roll Call, Inc. | Getty ImagesNo sky perks for…