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Pershing Square Offers to Acquire Universal Music Group in €50 Billion Deal

Pershing Square Offers to Acquire Universal Music Group in €50 Billion Deal

Pershing Square Offers to Acquire Universal Music Group in €50 Billion Deal
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European shares muted as investors cautious ahead of Trump's Iran deadline

European shares muted as investors cautious ahead of Trump's Iran deadline

April 7 (Reuters) - European shares were flat on Tuesday as escalating tensions in the Middle East and a looming deadline for peace talks kept investors on edge. The pan-European STOXX 600 index was up 0.1% at 597.24 points by 0715 GMT.
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Larry Gies' Madison Air targets $13.2 billion valuation in US IPO

Larry Gies' Madison Air targets $13.2 billion valuation in US IPO

April 6 (Reuters) - Ventilation and filtration systems provider Madison Air Solutions said on Monday it was targeting a valuation of up to $13.2 billion in its U.S. initial public offering, in what could be the biggest U.S. IPO so far this year.
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Athletics-American sprinter Richardson wins Stawell Gift from scratch

Athletics-American sprinter Richardson wins Stawell Gift from scratch

April 6 (Reuters) - American sprinter Sha'Carri Richardson powered to victory from the back of the field at Australia's oldest and richest handicap footrace, the Stawell Gift, on Monday.
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Phillips 66 faces $900 million loss as Iran crisis lifts oil prices

Phillips 66 faces $900 million loss as Iran crisis lifts oil prices

By Nicole Jao NEW YORK, April 6 (Reuters) - U.S. refiner Phillips 66 said on Monday its first-quarter results were hit by a sharp increase in commodity prices, leaving it with nearly $900 million in pre-tax mark-to-market losses, according to a filing with the Securities and Exchange Commission.
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US to raise Medicare Advantage payments to insurers by 2.48% in 2027, insurance stocks surge

US to raise Medicare Advantage payments to insurers by 2.48% in 2027, insurance stocks surge

By Christy Santhosh and Amina Niasse April 6 (Reuters) - The U.S. government said on Monday it would raise payments to private insurers offering Medicare Advantage plans to older adults in 2027 by 2.48% on average, an increase from the near-flat change it proposed in January, driving insurer shares
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Neurocrine expands into metabolic diseases with $2.9 billion Soleno buyout

Neurocrine expands into metabolic diseases with $2.9 billion Soleno buyout

April 6 (Reuters) - Neurocrine Biosciences will acquire rare-disease drugmaker Soleno Therapeutics for $2.9 billion in cash, the companies said on Monday, marking the neuroscience-focused drugmaker's expansion into metabolic disorders.
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Paramount in talks for Gulf backing in Warner takeover, WSJ reports

Paramount in talks for Gulf backing in Warner takeover, WSJ reports

April 5 (Reuters) - Paramount Skydance is in talks to secure signed equity commitments of almost $24 billion from three sovereign wealth funds led by Saudi Arabia to help back its takeover of Warner Bros Discovery, the Wall Street Journal reported on Sunday.
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US stock futures edge up as investors assess Mideast ceasefire prospects

US stock futures edge up as investors assess Mideast ceasefire prospects

April 6 (Reuters) - U.S. stock index futures inched higher on Monday, after the main indexes marked their biggest weekly jump in four months in the last session, as investors assessed prospects of an end to the Middle East conflict.
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Trump's trade war with China in focus ahead of May summit

Trump's trade war with China in focus ahead of May summit

By Liz Lee BEIJING, April 6 (Reuters) - U.S. President Donald Trump is due to meet Chinese President Xi Jinping in May during his first visit to China in eight years, a closely watched trip that comes just a year after Washington rolled out sweeping and at times erratic global tariffs.
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BlackRock files for Nasdaq-100 fund, expanding competition with Invesco

BlackRock files for Nasdaq-100 fund, expanding competition with Invesco

April 6 (Reuters) - BlackRock has filed for an exchange-traded fund that will track the Nasdaq-100, in a challenge to Invesco's dominance in a market where only a handful of funds directly follow the tech-heavy index.
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India makes first Iranian oil buy in seven years with no payment problems

India makes first Iranian oil buy in seven years with no payment problems

By Nidhi Verma April 4 (Reuters) - Indian refiners have purchased Iranian oil amid the Middle East conflict that has disrupted supplies through the Strait of Hormuz, the oil ministry said on Saturday.