HOUSTON, Dec 26 Reuters The oil and gas industry went on a 250 billion buying spree in 2023, taking advantage of companies39; high stock prices to secure lowercost reserves and prepare for the next upheaval in an industry likely to undergo more consolidation. A surge in oil demand as world economies shook off the pandemic […]

Dec 26 Reuters Apple filed an appeal on Tuesday of a decision to ban imports of Apple Watches based on a complaint from medical monitoring technology company Masimo after U.S. President Joe Biden39;s administration declined to veto a government tribunal. The tech giant also filed an emergency request on Tuesday for the U.S. Court of Appeals for […]

FRANKFURT, Dec 26 Reuters German container shipping group HapagLloyd will decide on Wednesday whether to resume journeys through the Red Sea, a spokesperson said, as Maersk prepared to return to the area after USled efforts to prevent attacks. The world39;s top shipping companies, including Maersk and HapagLloyd, stopped using Red Sea routes after Yemen39;s Houthi militant group began […]

Dec 26 Reuters Bristol Myers Squibb said on Tuesday it would buy RayzeBio for about 4.1 billion to bolster its cancer drug business, marking the second multibillion dollar deal struck by the drugmaker in less than a week. Bristol Myers had also announced a 14 billion buyout of schizophrenia drug developer Karuna Therapeutics on Friday, nearly two months after newlyappointed […]

JERUSALEM, Dec 26 Reuters Israel39;s government agreed to give Intel Corp a 3.2 billion grant for new 25 billion chip plant it plans to build in southern Israel, both sides said on Tuesday. The news comes as Israel remains locked in a war with Palestinian militant group Hamas in the wake of the Oct. 7 Hamas […]

MADRID, Dec 26 Reuters Spanish oil company Repsol is under investigation by the country39;s antitrust watchdog over possible abuse of its dominant position in the nation39;s wholesale fuel market. The company may have abused of its dominance of the wholesale market between March and December 2022 to increase its petrol station network39;s market share, the CNMC […]

Dec 26 Reuters AstraZeneca said on Tuesday it will buy Gracell Biotechnologies for up to 1.2 billion as the AngloSwedish pharma company furthers its cell therapy ambitions and boosts its presence in China, the world39;s secondlargest pharmaceuticals market. The cash deal, which adds several experimental therapies to AstraZeneca39;s portfolio, values Gracell at 2 per ordinary share, or […]