ROME (Reuters) – BlackRock, the world’s biggest asset manager, has secured Italian government approval to hold a stake of more than 3% in defence and aerospace group Leonardo, a government document showed on Monday. The document, sent by Prime Minister Giorgia Meloni’s office to parliament, deals with so-called “golden power” decisions. Italy’s government has “golden…
By Joe Brock and David Shepardson (Reuters) -Boeing said on Friday the head of the company’s troubleddefense, space and security unit is leaving the planemaker effective immediately. New Boeing CEO Kelly Ortberg in his first significant move since taking over in August, said Ted Colbert would be leaving and Steve Parker, the unit’s chief operating…
(Reuters) -The U.S. Securities and Exchange Commission has approved listing and trading of options for asset manager BlackRock’s spot bitcoin exchange-traded fund on the Nasdaq. Options trading for BlackRock’s fund iShares Bitcoin Trust has been approved with ticker symbol “IBIT”, the regulator said in a notice on Friday. The index options – listed derivatives offering…
ZURICH (Reuters) – Swiss financial market regulator FINMA ordered an audit into Credit Suisse’s handling of events leading to its demise in 2023, when the bank was acquired by its longtime rival UBS, Swiss newspaper SonntagsZeitung reported on Sunday. According to the paper, FINMA is looking at the 15 months prior to the state-orchestrated merger…
By Maggie Fick and Jacob Gronholt-Pedersen LONDON/COPENHAGEN (Reuters) -Novo Nordisk’s shares fell nearly 5% on Friday after results from a Phase 2a trial of the Danish drugmaker’s experimental obesity pill monlunabant came in below market expectations. The company announced headline results from its trial of monlunabant, an experimental drug it acquired as part of its…
(Reuters) -The U.S. Food and Drug Administration has approved Zevra Therapeutics’ drug for a rare and fatal genetic disorder, making it the first treatment to get a nod for the condition, the health regulator said on Friday. The company has been trying for years to bring the drug to market after the FDA previously declined…
(Reuters) – The U.S. Federal Reserve’s watered-down version of a landmark bank capital proposal is facing resistance from the Federal Deposit Insurance Corporation, a top banking regulator, Bloomberg News reported on Friday. At least three of five FDIC directors oppose the latest overhaul, the report said, citing people familiar with their thinking. The report points…
(Reuters) – General Motors’ self-driving unit Cruise said on Thursday it will begin supervised testing with up to five autonomous vehicles in fall this year in California’s Bay Area. Cruise will deploy several manual mapping vehicles in Sunnyvale and Mountain View, following which the testing will start, it said in a post on social media platform…
WASHINGTON (Reuters) -The World Bank Group said on Thursday it delivered a record $42.6 billion in climate finance during fiscal 2024, a 10% increase over the $38.6 billion the prior year and close to its target of a 45% share of total financing devoted to climate projects. The $4 billion increase in climate financing during…
By Greg Bensinger (Reuters) – Amazon.com announced on Thursday a new artificial intelligence application that it says will help its independent sellers with sales metrics, inventory maintenance and product advertising, among other things. The move is part of a broader Big Tech effort to employ the technology for greater automation. The software, dubbed Amelia, can…
