Sanofi to buy Dynavax for US$2.2 billion to add shingles vaccine

Sanofi to buy Dynavax for US.2 billion to add shingles vaccine

[PARIS] Sanofi agreed to buy Dynavax Technologies for about US$2.2 billion to expand its vaccines business with a shot for hepatitis B and an experimental shingles inoculation. Sanofi will pay US$15.50 a share in cash for the Emeryville, California-based company, according to a statement on Wednesday (Dec 24). The price is 39% above Tuesday’s closing…

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Nam Cheong sells vessel for US$20.5 million to Vietnam firm

Nam Cheong sells vessel for US.5 million to Vietnam firm

The sale is expected to contribute positively to the group’s earnings for the financial year ending 2025 [SINGAPORE] Malaysian offshore support vessel builder Nam Cheong will sell a 4,000 deadweight tonnage platform supply vessel for US$20.5 million to a Vietnam-based offshore and marine group. The vessel is scheduled for delivery in December 2025 and the…

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Pentagon’s new warning on China military power: US homeland ‘vulnerable’

Pentagon’s new warning on China military power: US homeland ‘vulnerable’

The U.S. Defense Department says China’s growing hard power is increasingly a threat to the United States, according to a new report released on Tuesday. “China’s historic military buildup has made the U.S. homeland increasingly vulnerable,” the Pentagon said in its annual assessment of Chinese military power. “China maintains a large and growing arsenal of…

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Japan’s Eneos leads bids for Chevron’s Singapore oil refinery stake

Japan’s Eneos leads bids for Chevron’s Singapore oil refinery stake

[SINGAPORE] Japan’s Eneos Holdings is ahead of rival bidders for US heavyweight Chevron’s stake in a Singapore oil refinery, according to people familiar with the matter. Other suitors for the 50 per cent stake in Singapore Refining Company include commodity giants Glencore and Vitol Group, the people said, asking not to be identified as they…

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Singapore shares slip before Christmas break; STI down 0.1%

Singapore shares slip before Christmas break; STI down 0.1%

Meanwhile, the iEdge Singapore Next 50 Index rises 0.1% or 1.61 points to 1,448.61 [SINGAPORE] Singapore shares ended slightly lower on Wednesday (Dec 24) before investors took a break for Christmas, even as Wall Street closed higher on the back of a strong growth forecast for the US. The benchmark Straits Times Index (STI) slipped…

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Australian dollar climbs to highest since Oct 2024 on RBA bets

Australian dollar climbs to highest since Oct 2024 on RBA bets

[CANBERRA] The Australian dollar climbed to its strongest in more than a year after traders ratchet expectations the Reserve Bank will quickly shift to raising interest rates early next year.  The Aussie rose 0.2 per cent to 67.13 US cents, the highest since October 2024. The move extends its gain to 1.5 per cent this…

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DOJ’s Todd Blanche comments on “lies” about Epstein files

DOJ’s Todd Blanche comments on “lies” about Epstein files

U.S. Deputy Attorney General Todd Blanche commented on “sensationalism” and “outright lies” he says are circulating amid the release of documents related to the Epstein Files Transparency Act, while noting that the Department of Justice (DOJ) has released what he says are “fake or false documents because they simply are in our possession.” Newsweek reached…

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Bart Story Dies: Veteran Entertainment Research Executive Was 63

Bart Story Dies: Veteran Entertainment Research Executive Was 63

Bart Story, a veteran entertainment research executive best known for his work at MarketCast and SAG-AFTRA, has died. He was 63. Story died on December 23, 2025, in Los Angeles from complications related to metastatic urothelial carcinoma. The executive spent more than three decades helping studios and streamers better understand audiences. Since 2003, he served…

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Hongkong Land should do a Reit not a private fund with its prime Singapore office assets

Hongkong Land should do a Reit not a private fund with its prime Singapore office assets

Hongkong Land Holdings is pressing ahead with growth in fund management. The 136-year-old property group said recently that it has made significant advancements towards launching its first private real estate fund – the Singapore Central Private Real Estate Fund (SCPREF). SCPREF, which is expected to be the largest Singapore private real estate fund with over…

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