Business news today is being driven by consolidation, cost-cutting and geopolitical strain. In biotech, argenx struck a $2.2 billion deal for Forte Biosciences, paying a hefty premium to deepen its immunology pipeline and underscoring how drugmakers are still willing to spend for...
Business news today is being driven by consolidation, cost-cutting and geopolitical strain. In biotech, argenx struck a $2.2 billion deal for Forte Biosciences, paying a hefty premium to deepen its immunology pipeline and underscoring how drugmakers are still willing to spend for promising assets. In media, the politics of scale are on display as Benedict Cumberbatch, Alan Cumming and Benedict Wong urge Britain to block a proposed Paramount-Warner Bros. Discovery tie-up, warning of damage to jobs, independent production and viewer choice. Europe’s industrial pressures are equally stark: Porsche plans another 5,000 job cuts by 2035 as it grapples with weaker demand, China exposure and the costly electric transition. Meanwhile, markets are watching the Strait of Hormuz after Iran said it remains in control and is not returning to U.S. talks, while President Trump heads to Michigan to defend tariff-heavy economic policies amid fresh Canadian trade concerns.
Top Business stories
- Cumberbatch, Cumming and Wong urge UK to block Paramount-Warner Bros. Discovery merger (8 sources)
- Porsche plans further layoffs of about 5,000 jobs by 2035 under restructuring (8 sources)
- argenx agrees to acquire Forte Biosciences for $2.2 billion (6 sources)
- Iran says it controls Strait of Hormuz, rejects U.S. talks after Trump halts bombing (6 sources)
- Shein reports £74m first-quarter loss after US tariff and import rule changes (5 sources)
- Trump to defend economic policies in Michigan amid concerns over new Canadian tariffs (5 sources)
- Dalaroo to begin 20,000m maiden drilling at Bondoukou gold project in Côte d’Ivoire (4 sources)
- CXMT shares surge about fivefold in Shanghai trading debut after IPO (4 sources)
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