AstraZeneca announced on Monday that it has agreed to buy CinCor Pharma Inc, a biopharmaceutical firm based in the United States, for up to $1.8 billion in order to strengthen its pipeline of heart and kidney drugs and expand beyond its core cancer business.   AstraZeneca said it will pay...

According to the Financial Times, the American company Apple has started employing staff in India as it gets ready to open the first of its flagship stores there. As Apple is preparing to launch its first flagship stores in the second-largest smartphone market in the world as soon as this quarter,...

TikTok has halted a search for consultants to assist it in implementing a potential security agreement with the United States, according to two people familiar with the matter, as opposition to such a deal grows among US officials.   For the past three years, the short-video app, owned by...

Bloomberg News reported on Friday that China intends to ease borrowing restrictions for property developers in order to support the troubled sector by relaxing the "three red lines" policy.   The "three red lines" policy was announced in August 2020 to address property developers' excessive...

Fees for hedge fund have fallen down to their lowest level since the global financial crisis in 2008, according to research firm Hedge Fund Research (HFR), as investors face high inflation and recession fears.   HFR reported that hedge fund base fees fell by one basis point (bps) from...

Dell plans to phase out Chinese-made chips by 2024 and has instructed suppliers to significantly reduce the amount of other "made in China" components in its products as part of efforts to diversify its supply chain amid concerns about Washington-Beijing tensions.   According to three people...

FTX's former top lawyer Daniel Friedberg has cooperated with US prosecutors in their investigation into the crypto firm's collapse, putting more pressure on founder Sam Bankman-Fried, who was arrested on criminal fraud charges last month, according to a report published by Reuters quoting...

Rivian Automotive narrowly missed its full-year production target of 25,000 vehicles in 2022, the firm said in a regulatory filing.   Rivian's shares fell nearly 6% to $17.34 prior to the Securities and Exchange Commission releasing the details of the filing, but there...

Tesla Inc reported record fourth-quarter production and deliveries, but it fell short of Wall Street expectations due to logistics issues, slowing demand, rising interest rates, and recession fears.   According to Refinitiv data, the world's most valuable automaker delivered 405,278 vehicles...