Sweden’s Sobi will acquire Arthrosi Therapeutics for about $1.5 billion, adding a promising gout treatment candidate to its pipeline and boosting long-term growth prospects.
Coca-Cola is holding last-ditch talks to try to salvage the sale of Costa Coffee after negotiations stalled, highlighting valuation tensions and shifting market conditions.
FIFA says it received about five million World Cup ticket requests in one day, highlighting massive global demand and the tournament’s enduring appeal.
SpaceX has told employees it is preparing for a potential IPO next year, emphasizing readiness rather than commitment as it evaluates market and internal conditions.
Copper prices hit a record high amid global supply concerns and renewed demand after a Federal Reserve rate cut, boosting sentiment across industrial metals markets.
South Korea’s trade ministry says negotiations with China on rare earth material trade will continue, underscoring both countries’ efforts to secure supply chains for critical resources.
DoorDash and Uber have sued New York City in federal court to block laws requiring delivery apps to display tipping options upfront at checkout with suggested tip amounts of at least 10%, arguing the mandate violates their free speech rights and could deter consumers.
Warren Buffett’s Berkshire Hathaway has trimmed its Apple and Bank of America holdings and added a multibillion-dollar position in Alphabet, signaling cautious profit-taking and new exposure to AI-related technology as 2025 draws to a close.
The New York Jets have signed center Josh Myers to a two-year, $11 million contract extension, rewarding his solid performance and solidifying the offensive line through the 2027 season, including about $6 million guaranteed.
A major convenience store chain is closing more than 500 underperforming U.S. locations, reflecting changing consumer habits and a strategic shift toward modernized store formats and offerings.
YouTube launches a new payout option allowing eligible U.S. creators to receive earnings in stablecoins through PayPal, expanding digital payment methods for monetization.
A Max subscriber is suing Netflix, alleging its $72B Warner Bros. content deal is an anti-competitive conspiracy to monopolize streaming, weaken the Max platform, and inflate prices. The lawsuit seeks to block the agreement and could redefine streaming competition.
Samsung Electronics launches the Galaxy Z Trifold in South Korea, expanding its foldable smartphone lineup and targeting consumers seeking multi-screen mobile productivity.
Hyundai Motor wins a 224-unit hydrogen bus supply contract from Guangzhou, strengthening its presence in China’s green public transportation market and advancing hydrogen mobility adoption.
Broadcom secures major AI chip orders, including $11B from Anthropic and $1B from a fifth customer. CEO Tan reports strong momentum for FY26 AI spending, citing repeat orders from Anthropic.
Mexico’s Senate approved tariffs of up to 50% on over 1,400 imported goods, especially from China and other Asian nations, to protect domestic industry starting in 2026.
US job growth continues, but concentrated in hospitality, healthcare, and government. Unemployment rises slightly for the second month, signaling mixed trends for the labor market.
Major automakers told a U.S. House committee that China poses a “clear and present threat” to the American auto industry, urging lawmakers to bar Chinese firms and protect domestic competitiveness.
Disney will invest $1 billion in OpenAI and license 200+ characters from Disney, Marvel, Pixar, and Star Wars to the Sora AI video tool, expanding storytelling possibilities while prioritizing responsible use.
Shell says it will launch a new offshore drilling campaign in Namibia’s PEL 39 block starting April 2026, using the Deepsea Mira rig to explore the Orange Basin.
Disney has sent a cease-and-desist letter to Google, alleging its AI services infringe Disney’s copyrights and seeking a swift response, highlighting rising tension over AI and intellectual property.
McDonald’s removed its AI-generated Christmas ad after viewers criticized its unnatural visuals and tone, prompting a broader debate about authenticity in holiday advertising.
A major discovery of 16 critical and rare minerals in Utah’s desert offers potential to strengthen U.S. domestic supplies for electric, aerospace, and defense technologies.
The Israeli government has confirmed plans to build hundreds of new housing units in three settlements located in the occupied West Bank, a decision that has drawn international criticism and heightened tensions in the region.