BUSINESS
Pfizer to buy Metsera for $4.9 billion in obesity drug bet
BUSINESS
Wall Street to tap engineers in India after $100,000 fee
US lenders including Citigroup Inc., JPMorgan Chase & Co. and Goldman Sachs Group Inc. are among the biggest employers of India’s so-called global capability centers
BUSINESS
JPMorgan sees India building on record levels of IPO activity
Investors are betting that India will build on last year’s record, when nearly $21 billion was raised in IPOs, including the country’s biggest-ever listing — by Hyundai Motor Co.’s local unit — and two others that exceeded $1 billion.
INDIA
Trump’s H-1B fee hike poses risk to India’s remittances, rupee
Last week, Trump ordered a sweeping overhaul of the H-1B visa program, mandating a $100,000 application fee aimed at deterring excessive use
BUSINESS
GQG sells Adani Power shares worth $250 mn to Citadel Securities, SBI Fund: Report
GQG Partners sold about 35 million shares, or about a 1% stake, with SBI Mutual buying most of the shares, says report
BUSINESS
BYD’s stock falls after report Buffett has sold all his stake
BYD’s shares have tumbled about 30% from the all-time high reached four months ago due to growing concerns over its ability to fend off competition amid a destructive price war in China.
WORLD
Hong Kong airport mulls 36-hour closure due to super typhoon
Airport and aviation officials plan to halt all flights from as early as 6 p.m. local time on Tuesday through 6 a.m. on Thursday as Super Typhoon Ragasa bears down
INDIA
India plans ‘bodyguard’ satellites after risky orbital near-miss
The near miss in mid-2024 involved one of ISRO’s satellites orbiting around 500-600 kilometers above the Earth
BUSINESS
Gold holds just below record as traders wait for rate-path clues
Bullion was trading around $20 an ounce short of a record high set last week, after the Fed reduced rates by 25 basis points on Wednesday
BUSINESS
Asian shares rise as Japan rallies, dollar gains
The Nikkei-225 Index jumped 1.3% as trading kicked off in a new week, bouncing back after the Bank of Japan’s comments on ETF sales spooked the markets Friday
WORLD
Arab-Israel normalization faces major test after Qatar attack
Trump, who toured the Abrahamic Family House earlier this year, has been determined to expand the Accords, but that seems all but impossible at the present time
WORLD
Trump shapes immigration gilded age with $100,000 H-1B fee
Trump on Friday slapped a $100,000 application fee on the widely used H-1B visa program, a move that would drastically increase the cost of visas heavily coveted by some of America’s largest companies
WORLD
Trump renews pressure on Europe to end Russian oil purchases: 'They have to stop buying'
Trump has been chiding European countries for their Russian energy purchases
WORLD
Chinese savers have $23 trillion and few options beyond stocks
The CSI 300 Index has surged more than 25% since its April lows, fueled by enthusiasm over artificial intelligence and Donald Trump’s softer rhetoric on China
WORLD
Pentagon limits journalists’ access to military information
The new rule — part of an updated press credentialing process presented to news organizations this week — came in a memo by Pentagon spokesman Sean Parnell
WORLD
Billionaire Bernard Arnault says wealth tax advocate seeks to destroy economy
His comments come as France struggles to pass a budget and rein in its deficit amid a divided Parliament, which lacks a party with an absolute majority
BUSINESS
TikTok deal gives Americans 6 of 7 board seats, Leavitt says
The American board members would have national security and cybersecurity credentials and the remaining board member, chosen by current owner ByteDance Ltd., will be excluded from the security committee, according to a senior White House official.
WORLD
Zelenskiy will meet Trump at UNGA to push on security guarantees
Ukraine’s potential post-war security issues have been widely discussed in recent weeks both in Washington and across European capitals, with the potential for a ceasefire seemingly at an impasse amid continued Russian bombardment of civilian targets across Ukraine.
INDIA
India mulls strategic rare earth reserve, defense official says
While China has recently eased its rare-earths controls, Beijing’s earlier weaponization of its market dominance has spurred Western companies to look for alternative suppliers.
WORLD
Ukraine claims overnight drone strikes on two Russian refineries
Russia hasn’t confirmed the latest incidents. Rosneft’s press service didn’t immediately respond to an emailed request for comment outside of regular business hours.
BUSINESS
Trump shapes gilded age of US immigration with $100,000 H-1B fee
The president also unveiled a “Trump Gold Card” visa program — where for the price of $1 million, individuals could get US residency.
BANKING
Yes Bank eyes wealth foray after deal with Japan’s SMBC
The push into wealth management comes as the Indian lender deepens its ties with SMBC, Japan’s second-largest lender by assets, which completed its acquisition of a 20% stake in Yes Bank this week
BUSINESS
Fed’s Kashkari sees two more 2025 cuts given hiring slowdown
Fed officials lowered interest rates by a quarter percentage point — the first cut since December — at their policy meeting Wednesday, citing the need to support a more fragile job market.
BUSINESS
Chinese iPhone buyers complain of scratches on new pro models
The deep blue variants of the iPhone 17 Pro and Pro Max exhibited scuffs and scratches after just a few hours of being on display.
