Economic news


Gilead to Acquire Cancer Therapy Developer Arcellx for Up to $7.8B

Gilead to Acquire Cancer Therapy Developer Arcellx for Up to $7.8B

Gilead Sciences will pay as much as $7.8 billion to acquire partner Arcellx in its largest deal since 2020, the biopharma company said on Monday, as it looks to strengthen its lineup of cancer treatments. The company, with a strong foothold in HIV drugs and liver disease treatments, has been...


February 23, 2026
Novo Nordisk Slump Wipes Out Last Wegovy-Era Gains after Trial Setback
Novo Nordisk Slump Wipes Out Last Wegovy-Era Gains after Trial Setback

Novo Nordisk shares fell more than 15% on Monday, wiping away the last gains Wegovy's launch had brought, after the...

Dominion Energy Forecasts Annual Profit below Estimates, Raises Spending Plan
Dominion Energy Forecasts Annual Profit below Estimates, Raises Spending Plan

Dominion Energy forecast annual profit below Wall Street expectations on Monday, but raised its five-year capital spending plan by nearly 30%...

Domino's Beats US Sales Estimates, Deals Attract Budget-Conscious Customers
Domino's Beats US Sales Estimates, Deals Attract Budget-Conscious Customers

Domino's Pizza beat Wall Street estimates for fourth-quarter U.S. same-store sales on Monday, as value-driven promotions and new menu...

Lilly to Launch Multi-Dose Weight-Loss Drug Device in US
Lilly to Launch Multi-Dose Weight-Loss Drug Device in US

Eli Lilly said on Monday it received the U.S. Food and Drug Administration's approval to launch a four-dose KwikPen for its weight-loss...

Novo Nordisk's CagriSema Trial Deals Blow in Obesity Drug Battle with Eli Lilly
Novo Nordisk's CagriSema Trial Deals Blow in Obesity Drug Battle with Eli Lilly

Novo Nordisk's next-generation obesity drug CagriSema underperformed rival Eli Lilly's Zepbound in a head-to-head trial, the...

OpenAI Deepens Partnerships with Consulting Giants to Push Enterprise AI BeyondPilot
OpenAI Deepens Partnerships with Consulting Giants to Push Enterprise AI BeyondPilot

OpenAI is expanding its push into the enterprise market by teaming up with four of the world’s largest consulting firms, betting that a more...

FTSE 100 Subdued on US Tariff Uncertainty; Johnson Matthey Slumps
FTSE 100 Subdued on US Tariff Uncertainty; Johnson Matthey Slumps

The UK's FTSE 100 was subdued on Monday, as investors assessed a fresh wave of uncertainty over U.S. trade policy, while Johnson...

Chevron, Iraq Agree to Exclusive Talks over West Qurna 2 Oilfield
Chevron, Iraq Agree to Exclusive Talks over West Qurna 2 Oilfield

Chevron has entered into exclusive talks with Iraq over the giant West Qurna 2 oilfield, moving closer to acquiring the field from sanctioned...

Indian Shares Gain on US Tariff Relief, IT Firms Extend Losses
Indian Shares Gain on US Tariff Relief, IT Firms Extend Losses

Indian equity benchmarks rose on Monday after the U.S. Supreme Court struck down President Donald Trump's sweeping tariffs, but the...

German Business Sentiment Rises, Reviving Recovery Hopes
German Business Sentiment Rises, Reviving Recovery Hopes

German business morale rose slightly more than expected in February, reaching its highest level since August and pointing to the German economy...

USD Softens after Court Strikes Down Tariffs, Stoking Policy Worries
USD Softens after Court Strikes Down Tariffs, Stoking Policy Worries

The dollar slipped on Monday after the U.S. Supreme Court's decision to strike down President Donald Trump's tariffs stirred fresh policy...

Indonesia's Government Spending Jumps 26% in January
Indonesia's Government Spending Jumps 26% in January

Indonesia reported a 54.6 trillion rupiah ($3.25 billion) budget deficit in January, or 0.21% of its gross domestic product, with spending jumping...

US Tariff Turmoil Leaves Treasury Markets Dazed
US Tariff Turmoil Leaves Treasury Markets Dazed

Far from being a source of relief, the Supreme Court's takedown of President Donald Trump's tariffs has infused new risks and...

Goldman Raises Q4 Oil Price Outlook on Lower OECD Stocks
Goldman Raises Q4 Oil Price Outlook on Lower OECD Stocks

Goldman Sachs raised its Brent and West Texas Intermediate crude forecasts for the fourth quarter of 2026 by $6 to $60 and $56 respectively, citing...

Oil Drops as US and Iran Prepare for Further Nuclear Talks
Oil Drops as US and Iran Prepare for Further Nuclear Talks

Oil prices fell about 1% on Monday as the U.S. and Iran prepared for a third round of nuclear talks, easing fears of an escalating conflict, while...

Gold Climbs to 3-wk High, US Tariff Ruling Stokes Uncertainty
Gold Climbs to 3-wk High, US Tariff Ruling Stokes Uncertainty

Gold climbed to a three-week high on Monday as uncertainty stoked by the U.S. Supreme Court's decision to strike down a vast swathe of...

US to Stop Collecting Tariffs Deemed Illegal by Supreme Court on Tuesday
US to Stop Collecting Tariffs Deemed Illegal by Supreme Court on Tuesday

The U.S. Customs and Border Protection agency said it will halt collections of tariffs imposed under the International Emergency Economic Powers...

Saudi Aramco Sells 1st Jafurah Condensate Cargoes to US Firms, India, Sources
Saudi Aramco Sells 1st Jafurah Condensate Cargoes to US Firms, India, Sources

State energy major Saudi Aramco has sold several cargoes of ultra light crude oil from its $100 billion Jafurah gas plant to U.S. majors and...

Wall St Ends Higher on Supreme Court Rules Against Tariffs
Wall St Ends Higher on Supreme Court Rules Against Tariffs

U.S. stocks ended higher on Friday, led by gains in Alphabet, Amazon and other Wall Street heavyweights after the Supreme Court struck...

Rupee to Sway to Tariff Flux; Bond Traders Track Oil Prices, Supply Worries
Rupee to Sway to Tariff Flux; Bond Traders Track Oil Prices, Supply Worries

The Indian rupee will track developments in U.S. tariff policies this week after the U.S. Supreme Court struck down levies imposed by...

DBS Partners with Granite Asia, Closes $110M AI IPO Fund for Wealth Clients
DBS Partners with Granite Asia, Closes $110M AI IPO Fund for Wealth Clients

Singapore's biggest bank, DBS Group, said on Monday it had formed a three-year partnership with investment firm Granite Asia to roll out...

Microsoft Gaming Head Phil Spencer Retires, Insider Asha Sharma Takes Over
Microsoft Gaming Head Phil Spencer Retires, Insider Asha Sharma Takes Over

Microsoft said on Friday gaming head Phil Spencer is retiring after 38 years at the software maker, in a major leadership shake-up. The...

February 20, 2026
US, European Stocks Rise, Treasury Yields Gain after Supreme Court Strikes Down Trump Tariffs
US, European Stocks Rise, Treasury Yields Gain after Supreme Court Strikes Down Trump Tariffs

U.S. and European stocks advanced on Friday and Treasury yields rose as investors absorbed a ruling by the U.S. Supreme Court striking down...

London's FTSE Indexes on Track for Weekly Gains; Geopolitics in Focus
London's FTSE Indexes on Track for Weekly Gains; Geopolitics in Focus

Britain's FTSE indexes gained on Friday and were set to end the week higher, led by defence stocks, while expectations for a March rate cut...

UK Businesses and Consumers Show Signs of Recovery in Early 2026
UK Businesses and Consumers Show Signs of Recovery in Early 2026

British businesses extended an early 2026 recovery in February and consumers started the year confidently, data showed on Friday, although...

Sterling nears One-Month Low, Investors Bet on BoE Rate Cuts
Sterling nears One-Month Low, Investors Bet on BoE Rate Cuts

The British pound hovered around its lowest in a month against the dollar on Friday, and was headed for its biggest weekly decline since January...

Air Liquide more Optimistic on Europe; Sees no Mid-Term Impact from U.S. Hydrogen Pause
Air Liquide more Optimistic on Europe; Sees no Mid-Term Impact from U.S. Hydrogen Pause

French industrial gases group Air Liquide said on Friday it sees a gradual improvement in Europe and said U.S. President Donald...

UK Consumers Up Spending at Fastest Pace in nearly 4 yrs at Start of 2026
UK Consumers Up Spending at Fastest Pace in nearly 4 yrs at Start of 2026

British retail sales volumes rose in January at the fastest annual pace in nearly four years, according to official data that suggested consumers...

Amazon's Cloud was Hit by 2 Outages Involving AI Tools in Dec, FT
Amazon's Cloud was Hit by 2 Outages Involving AI Tools in Dec, FT

Amazon's cloud unit suffered at least two outages in December stemming from errors involving its own AI tools, the Financial Times...

US Negotiating with India on Venezuelan Oil Sale, US Envoy
US Negotiating with India on Venezuelan Oil Sale, US Envoy

The United States is in "active negotiation" over the sale of Venezuelan oil to India, to help India diversify its sources of crude oil,...

Oil Heads for 1st Weekly Gain in 3 as US-Iran Tensions Rise
Oil Heads for 1st Weekly Gain in 3 as US-Iran Tensions Rise

Oil prices hovered near six-month highs on Friday, headed for their first weekly gain in three on growing concerns a conflict may...

UK Public Finances Show Record Surplus in January
UK Public Finances Show Record Surplus in January

Britain's public finances recorded a record monthly surplus of 30.4 billion pounds ($40.9 billion) in January, official figures showed on...

Hong Kong's November-January Unemployment Rises to 3.9%
Hong Kong's November-January Unemployment Rises to 3.9%

Hong Kong's seasonally adjusted unemployment rate rose to 3.9% in the November to January period, up from 3.8% in the previous three-month...

French Private Sector Stagnates amid Weak Demand, PMI Shows
French Private Sector Stagnates amid Weak Demand, PMI Shows

France's private sector economy showed little sign of growth in February, with business activity levels virtually unchanged from the start of...

Sika Reports Better-than-Expected Annual Profit
Sika Reports Better-than-Expected Annual Profit

Swiss construction and automotive chemicals maker Sika expects 2026 sales to rise between 1% and 4% in local currencies, the company said on...

Tesla Unveils Cheaper Cybertruck Variant, Cuts Cyberbeast Price to Drive Demand
Tesla Unveils Cheaper Cybertruck Variant, Cuts Cyberbeast Price to Drive Demand

Tesla unveiled a cheaper Cybertruck variant in the U.S. on Thursday and slashed the price of its most-expensive model, Cyberbeast, as the...

Gold Heads for Weekly Loss as Dollar Advances
Gold Heads for Weekly Loss as Dollar Advances

Gold prices gained on Friday, but were set for a weekly decline as the dollar climbed to a near one-month high, while investors awaited key U.S....

Indian Shares Overcome Initial Jitters as Reliance, ICICI Bank Rebound
Indian Shares Overcome Initial Jitters as Reliance, ICICI Bank Rebound

Indian share benchmarks overcame initial jitters and rose by the mid-day trading session on Friday, as heavyweight stocks clawed back some of the...

Japan's Core Inflation Slows to 2-yr low, Complicates BOJ Rate-Hike Timing
Japan's Core Inflation Slows to 2-yr low, Complicates BOJ Rate-Hike Timing

Japan's annual core consumer inflation hit a two-year low to match the central bank's 2% target in January, data showed on Friday,...

Stocks Dip and Oil Climbs as Trump Turns Up the Heat on Iran
Stocks Dip and Oil Climbs as Trump Turns Up the Heat on Iran

Stocks fell in Asia on Friday, the dollar headed for its largest weekly gain in four months and oil prices were rising as a U.S. military buildup...

German Tax Revenues Fell by 3.4% in Jan, Finance Ministry
German Tax Revenues Fell by 3.4% in Jan, Finance Ministry

Germany's federal and state government tax revenues fell by 3.4% in January compared with the same month a year ago, the finance ministry said...

Japan's Factory Activity Expands at Fastest Pace in 4 yrs, PMI
Japan's Factory Activity Expands at Fastest Pace in 4 yrs, PMI

Japan's manufacturing activity grew at its fastest pace in about four years in February, buoyed by strong domestic and overseas demand, a...


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