Posts by Liam Redmond
J&J to buy cancer drug technology developer Firefly Bio for US$1 billion
Published Mon, Jun 8, 2026 · 08:52 PM JOHNSON & Johnson said on Monday (Jun 8) it will acquire biotech Firefly Bio for US$1 billion in cash, as it looks to expand its cancer drug pipeline. Firefly’s Firelink platform uses antibodies to deliver a protein-degrading drug directly into cancer cells, an approach J&J says could…
Read MoreTwo dead as private jet crashes in Dominican Republic en route to pick up MLB legend and his family
A private plane heading to pick up St. Louis Cardinals legend Yadier Molina in Texas crashed just minutes after taking off in the Dominican Republic, killing the pilot and co-pilot. The US-registered Gulfstream G200 Galaxy executive jet had taken off for Austin when the crew reported problems on board, forcing the pilot to attempt an…
Read MoreUniversal Music sounds out investors for one billion euro bond sale
It includes a 4 and 10-year tranche, each with an expected size of 500 million euros, a source says Published Mon, Jun 8, 2026 · 07:16 PM [NETHERLANDS] Universal Music Group is speaking to investors ahead of a possible one billion euro (S$1.5 billion) two-part bond sale on Monday (Jun 8), after rejecting hedge-fund billionaire…
Read MoreAEM, Top Glove among additions to iEdge Singapore Next 50 Indices in June review
[SINGAPORE] AEM, Top Glove, UI Boustead Reit (real estate investment trust) and PC Partner Group were on Monday (Jun 8) announced as new additions to the iEdge Singapore Next 50 indices, following the June review. These companies replace SingPost, Digital Core Reit, Wee Hur and China Sunsine Chemical Holdings on the iEdge Singapore Next 50…
Read MoreDodgers starting pitchers offer amazing relief, rest for bullpen
That could have been worse. Much worse. While Emmet Sheehan’s implosion Sunday forced the Dodgers to deploy six relievers in a 13-5 loss to the Angels, the surprise bullpen game shouldn’t have any lasting effects — and not just because they aren’t scheduled to play Monday. The Dodgers’ Shohei Ohtani hasn’t pitched as many innings…
Read MoreTencent seeks US$4 billion via US dollar bond and offshore yuan bond sale: sources
This is part of its US$30 billion global medium-term note programme, proceeds will be for general corporate purposes Published Mon, Jun 8, 2026 · 06:44 PM [SYDNEY/SINGAPORE] China’s Tencent is aiming to raise US$4 billion via an imminent sale of both a US dollar bond and an offshore yuan bond, two sources with direct knowledge…
Read MoreSingapore stocks retreat following AI headwind fears; STI closes lower
[SINGAPORE] Singapore stocks ended lower on Monday (Jun 8) amid fears of Big Tech and the release of US labour data, which also led to a significant pullback in global markets earlier. The Straits Times Index (STI) lost 1.7 per cent or 86.29 points to finish at 4,963.67. It ended in a sea of red…
Read MoreTrump says Israel, Iran must ‘stop shooting’ after airstrikes rock Tehran
President Trump called Monday for Israel and Iran to lay down their weapons in his first public comments since the Middle Eastern enemies traded attacks overnight after both countries traded retaliatory strikes in what marked the biggest escalation since April’s ceasefire. “Israel and Iran must immediately stop ‘shooting,’” Trump wrote in a brief post on…
Read More‘Human judgment’ is vital even with AI’s introduction: HSBC CEO
He insists people are still key, and that it can even mean more hiring in the future Published Mon, Jun 8, 2026 · 05:55 PM [LONDON] HSBC CEO Georges Elhedery said that people will remain central to banks, even as artificial intelligence becomes ubiquitous. His remarks come as many CEO comments in recent weeks have…
Read MoreWild scuffle involving cops, graduates, parents breaks out after California HS graduation ceremony as 4 arrested
Cops, graduates and parents were seen scuffling after a California high school graduation ceremony – and the melee ended up with four arrests. The aftermath of Kerman High School’s ceremony descended into chaos Thursday over an argument that started between one senior and another boy in the parking lot, KFSN reported. The senior, who was…
Read MoreItaly’s top bank Intesa launches unsolicited 30.6 billion euro bid for rival Monte dei Paschi
The merged entity will be eurozone’s second-biggest by market value, with a capitalisation of 126 billion euros Published Mon, Jun 8, 2026 · 04:53 PM [MILAN] Italy’s biggest banking group Intesa Sanpaolo on Monday (Jun 8) announced a 30.6 billion euro (S$45.5 billion) unsolicited cash-and-share bid to buy rival lender Monte dei Paschi di Siena…
Read MoreSpaceX IPO will not break capital markets but add to strains
The stock debut will widen the valuation gap between the constituents of indices and the companies outside them DURING the dotcom bubble, hundreds of companies went public. Yet, only a handful raised more than US$1 billion. Over the next 25 years, initial public offerings (IPOs) grew steadily larger as businesses and the global economy expanded.…
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