Category: Business
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Vietnam’s economy must grow at least 8.4% in the final quarter of the year if the nation is to meet the government’s 2025 target of more than 8% expansion, Prime Minister Pham Minh Chinh said Saturday. Source: Bloomberg Markets.
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Pfizer Inc. has submitted a sweetened bid for obesity drug startup Metsera Inc. as its fight against rival Novo Nordisk A/S continues to escalate, according to people familiar with the matter. Source: Bloomberg Markets.
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Alexandra Merz, a Tesla shareholder known on social media as TeslaBoomerMama, discusses the approval of Elon Musk’s $1 trillion pay package, and what comes next for efforts to get Tesla to invest in xAI. She joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” Correction: This video has been edited to fix a graphic error.…
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Traders are pondering a moment of weakness embedded in a multi-month rip higher for stocks, yet the market on balance looks poised for further gains, said Goldman Sachs Group Inc.’s Tony Pasquariello. Source: Bloomberg Markets.
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Philippine stocks fell to multi-year lows after a sharp slowdown in economic growth deepened pessimism toward one of this year’s worst-performing markets. Source: Bloomberg Markets.
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The president of the U.S.-China Business Council Sean Stein says commercial engagement between American and Chinese companies is beginning to pick up following the Trump-Xi meeting last week. Speaking with Bloomberg’s Chief North Asia Correspondent Stephen Engle on the sidelines of the China International Import Expo in Shanghai, Stein discusses whether those ties are showing…
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Tesla’s campaign to award its CEO Elon Musk a pay package is drawing to a close, and board chair Robyn Denholm hinted that Musk will likely leave or not be an active executive at Tesla if the measure fails, as he will see it as a negative sign on his leadership. Shareholders have until midnight…
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Nordic Capital and Permira dropped their takeover bid for Bavarian Nordic A/S after their sweetened offer failed to win enough investor support. Source: Bloomberg Markets.
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Investment bankers are proposing a valuation of as much as $170 billion for Jio Platforms Ltd., according to people familiar with the matter, ahead of what could be a record-breaking initial public offering for Reliance Industries Ltd.’s wireless carrier. Source: Bloomberg Markets.
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Berkshire Hathaway Inc. hired banks for a potential yen-denominated bond sale, as borrowers around the world drove issuance so far this year to a new record. Source: Bloomberg Markets.