U.S. stock indexes staged a dramatic intraday rebound on Tuesday, with the Dow Jones Industrial Average swinging more than 1,000 points from its low, as robust bank earnings provided a counterweight to escalating trade tensions with China. The blue-chip Dow, which had tumbled as much as 615 points during the session, closed up 424 points,…
Johnson & Johnson to spin off orthopedics unit named DePuy Synthes
NEW BRUNSWICK: Johnson & Johnson said Tuesday it plans to separate its orthopedics business into a standalone company named DePuy Synthes within the next 18 to 24 months, marking its second major spinoff in two years. The move comes as the health-care conglomerate raised its 2025 product revenue forecast to a range of $93.5 billion…
Orpheus Uranium acquires Oobagooma uranium project in Western Australia
ADELAIDE: Orpheus Uranium Limited (ASX: ORP) has agreed to acquire the Oobagooma Uranium Project in Western Australia’s Canning Basin, the company announced Tuesday. The project was purchased from Jackson Cage Pty Ltd, a wholly owned subsidiary of Elevate Uranium Ltd (ASX: EL8). The Oobagooma Project covers 271 square kilometers and is located in the West…
MyHealthChecked agrees to sell Concepta Diagnostics Limited for £2.375 million
LONDON: MyHealthChecked PLC (AIM: MHC), the consumer home-testing healthcare company, announced that it has agreed the conditional sale of the Group’s trading subsidiary Concepta Diagnostics Limited to Boots UK Limited for a total consideration of £2.375 million. Concepta distributes and commercialises a range of at-home healthcare and wellness tests and has developed an accompanying proprietary…
GSK receives expanded Shingrix approval in China
BEIJING: GSK plc (LSE/NYSE: GSK) said Tuesday that China’s National Medical Products Administration has approved Shingrix, its recombinant zoster vaccine (RZV), for use in adults aged 18 and older who are at increased risk of shingles due to immunodeficiency or immunosuppression caused by disease or therapy. The approval marks the first shingles vaccine authorized in…
Anglo-Eastern Plantations signs agreement to acquire Admiral Potential Sdn Bhd
LONDON: Anglo-Eastern Plantations Plc, which owns, operates and develops plantations in Indonesia and Malaysia, announced that it has entered into a conditional subscription agreement to acquire Admiral Potential Sdn Bhd, which on completion will own 100% of PT Jaya Jadi Utama (“PT JJU”), an Indonesian plantation company. The Group is acquiring Admiral Potential from CB…
Malibu Life to acquire TruSpire Retirement Insurance for $45 million
LONDON: One month after its re-launch as an insurance holding company, Malibu Life Holdings Limited announced today that it has entered into a definitive agreement to acquire TruSpire Retirement Insurance Company. The acquisition will enable Malibu Life to enter the direct annuity issuance business as early as the first half of 2026. TruSpire, a wholly-owned…
Truetide plc sold entire shareholding in Kirkstall Limited
LONDON: Truetide plc (AIM: TRUE), the AIM-listed investment company, announced the sale of its entire shareholding in Kirkstall Limited to Imaging Biometrics Limited (IBAI), a Jersey-registered company in which Truetide currently holds a 29.35% interest. The transaction also includes the issuance of a convertible loan note (“CLN”) by IBAI to Truetide. Under the terms of…
Petershill Partners sold majority of its stake in Industry Ventures for $236.6 million
LONDON: Petershill Partners has entered into an agreement for the sale of the majority of its non-controlling equity stake in Industry Ventures. The sale arises from a full sale of Industry Ventures, led by its management team, to The Goldman Sachs Group, Inc. “Goldman Sachs” (NYSE: GS), as announced by Goldman Sachs after US market…
SRG Global to acquire marine infrastructure firm TAMS for $85 million
PERTH: SRG Global Ltd (ASX: SRG) announced Wednesday it has entered into a binding agreement to acquire 100% of Total AMS Pty Ltd (TAMS), a leading marine infrastructure services provider, for $85 million. The acquisition, structured on a cash-free, debt-free basis, is expected to be significantly accretive to SRG Global’s earnings. The deal implies a…
Aker ASA has acquired 9.3% stake in Nscale global; Launches sovereign AI venture in Norway
FORNEBU: Aker ASA has completed its subscription to shares in Nscale Global Holdings Ltd. as part of the company’s Series B financing round, securing a 9.3% stake on a fully diluted basis. In tandem, Aker and Nscale have closed a 50/50 joint venture to establish Aker Nscale, a new company focused on delivering secure, scalable…
HCLTech raises sales guidance on AI demand; Quarterly revenue reach $3.6 billion
NEW YORK: HCLTech Ltd., India’s third-largest software services exporter, raised its full-year sales forecast after quarterly revenue from advanced artificial intelligence solutions crossed $100 million, signaling a new phase of monetization for the technology. The company now expects constant-currency services revenue to grow 4% to 5% in the fiscal year through March 2026, up from…