Monday, 15 March 2021

Exclusive: AbbVie in talks to sell $5 billion women's drugs portfolio - sources

Exclusive: AbbVie in talks to sell $5 billion women's drugs portfolio - sources

U.S. drugmaker AbbVie Inc is holding talks to sell a roughly $5 billion portfolio of women's drugs acquired last year through its $63 billion purchase of Botox maker Allergan Plc, sources familiar with the matter told Reuters.

Stocks rise, U.S. yields slip with Fed meeting on tap

World stock markets rose on Monday and benchmark U.S. bond yields slipped from 13-month highs as investors looked to the U.S. central bank's meeting later in the week.

Activist investor urges Exxon shareholders to vote against four directors

The activist investor leading a proxy fight to reshape Exxon Mobil Corp on Monday named the four directors it wants shareholders to remove at the oil company's upcoming annual general meeting.

Microsoft rolls back system update after access issues with Teams

Microsoft Corp said on Monday it was rolling back a recent change to its authentication system after the update caused an access issue that affected thousands of users of its services, including workplace messaging app Teams.

Bitcoin falls after weekend record high as India considers a ban

By Kevin Buckland, Julien Ponthus and Gertrude Chavez-Dreyfuss

S&P 500 and Dow end session at record highs

The S&P 500 and Dow Jones Industrial Average closed at a record highs on Monday, as investors eyed an economic recovery from the coronavirus and awaited cues from the Federal Reserve this week amid caution over rising borrowing costs.

Goldman holds top rank in activism defense, Spotlight takes No. 2 spot

Goldman Sachs ranked as the top financial adviser to companies targeted by activist investors in 2020, holding onto the top ranking for the second straight year, according to Refinitiv data published on Monday.

Oil slips, retreats from gains notched on strong Chinese data

Oil prices edged lower on Monday, pulling back from early gains fostered on strong Chinese economic news and ongoing supply restraint from major oil producers.

U.S. airlines see recovery 'with legs,' shares climb to pre-pandemic levels

U.S. airline executives on Monday pointed to concrete signs of a domestic leisure travel recovery as a slowing pandemic drives spring and summer bookings, pushing shares to their highest level since the coronavirus crisis hit the sector a year ago.

Stripe's value hits $95 billion after payment giant's latest fundraising

Digital payments giant Stripe's value soared to $95 billion after it capitalised on a boom in ecommerce with a round of funding that pushed it past Elon Musk's SpaceX as the most valuable U.S. startup.

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