Biontech buys new cancer drug for 200 million euros
Biontech founder Ugur Sahin The company is currently also growing through acquisitions. (Foto: imago images/photothek) Frankfurt With one of its largest deals to date, Biontech is expanding its product development in the field of cancer therapies. As the Mainz-based biotech company announced on Monday, Biontech is acquiring the worldwide rights to a potential cancer immunotherapy developed […]
HSBC wants to reassure investors with a special dividend
LONDON In addition, other divisions are available, especially in Europe: the group is planning to sell its French business. CEO Noel Quinn wants the bank to focus even more on Asia. The Chinese insurer Ping An, which according to data from the Bloomberg news agency is the bank’s largest shareholder with a stake of just […]
Why Henkel, Uniper & Co. are still around
German companies in Russia Production has been at a standstill at the VW plant in Kaluga since March (archive image). (Foto: Bloomberg/Getty Images) Frankfurt, Riga After the attack on Ukraine, a large number of German companies announced that they would quickly withdraw from Russia. Some companies like Mercedes, Lanxess, Dr. Oetker or Remondis have already reported […]
Credit Agricole is merging with Banco BPM on insurance
Banca Popolare di Milano (BPM) Credit Agricole joined Banco BPM in the spring and now holds 9.18 percent of Italy’s third-largest bank. (Photo: Reuters) Paris/Rom The major French bank Credit Agricole is moving closer together in the insurance business with the Italian Banco BPM. The agreement provides for the provision of property insurance products and […]
Elon Musk wants to drastically reduce the number of employees at Twitter, according to the report
Elon Musk According to a media report, the Tesla CEO wants to reduce the number of employees on Twitter by almost three quarters. (Photo: AP) New York According to a newspaper report, Elon Musk is planning a job cut on Twitter. The Washington Post wrote on Thursday that he had indicated to potential investors that […]
Danone is largely exiting its Russian business – writing off up to a billion euros
Danone According to a report, it had recently become increasingly difficult for the group to maintain business operations in Russia. (Photo: Reuters) Paris The French food company Danone wants to withdraw as much as possible from Russia. The company said on Friday it was looking for a buyer for its dairy and plant-based alternatives (EDP) […]
Musk wants to question Twitter staff responsible for bot accounts
Elon Musk The Tesla CEO resigned from the deal last month. (Photo: dpa) Dallas According to an insider, Tesla boss Elon Musk wants to collect more evidence on the controversial issue of the number of fake Twitter accounts before the trial for the multi-billion dollar takeover. Musk has accused Twitter of hiding key witnesses in […]
Hedge fund Greenlight joins Twitter – bet on Musk’s defeat
Elon Musk The hedge fund Greenlight bets against Elon Musk in the dispute over the Twitter takeover. (Photo: Reuters) Boston In the middle of the legal dispute between Twitter and Tesla boss Elon Musk, the hedge fund Greenlight Capital has announced that it will join the short message service. The shares were bought last month […]
Economy: Twitter presents quarterly figures
SAN FRANCISCO In the first quarter, Twitter had 229 million daily active users that the service can reach with advertising – up from 14 million in three months. It will be interesting to see how the number developed after Musk’s acquisition announcement and the signs that he finally backed down in early July. Twitter is […]
What the trial means for Tesla stock
Twitter logo and Tesla car While Twitter investors should hope for a takeover of Elon Musk, the opposite would be good for Tesla shareholders. (Photo: Reuters) New York, Düsseldorf It’s one of the strangest takeover gambles of all time: First, Elon Musk wanted to take over the short message service Twitter. He initially refused. After […]