U.S. drugmaker Merck will pay Daiichi Sankyo $5.5 billion (about ¥824.7 billion) to jointly develop three of its candidate cancer drugs, they said, in a deal that could be worth up to $22 billion to the Japanese firm depending on the success of the cell-targeting therapies.
Daiichi Sankyo shares closed up 14.4% in Tokyo to post their steepest gain in more than a year.
United Auto Workers President Shawn Fain is to update members Friday afternoon on progress in contract talks with Detroit's three automakers as General Motors increased its offer to the union in an effort to end a strike.
In a statement, GM said it made an offer Friday with “substantial movement in all key areas in an effort to reach a final agreement with the UAW and get our people back to work.”
Owners of Toyota and Lexus electric vehicles in North America will be able to charge on Tesla's network starting in 2025, and the Japanese automaker also will start using Tesla's EV connector.
In a statement, Toyota says it will adopt Tesla's North American Charging Standard plug in a little over a year. Existing Toyota EVs with the Combined Charging System plug will be able to use an adapter to charge at Tesla stations, also starting in 2025.
Toyota's agreement with Tesla gives EV owners access to more than 12,000 Tesla plugs in North America, the statement said.
Mitsubishi Corporation (MC), through its wholly-owned subsidiary Mitsubishi Development Pty Ltd (MDP), forms BHP Mitsubishi Alliance (BMA), a metallurgical coal joint venture with BHP in Queensland, Australia.
MDP and BHP have signed an asset sale agreement to divest the Blackwater and Daunia mines to Whitehaven Coal Ltd (Whitehaven) for cash consideration of up to US$4.1 billion. The Daunia and Blackwater mines are part of the BMA joint venture, which MDP and BHP equally own.
Honda Motor Co., Ltd. (Honda) and Mitsubishi Corporation (MC) are pleased to announce the signing of a memorandum of understanding (MoU) to begin discussions toward the creation of new businesses with an aim of leveraging the strengths of both companies to build sustainable business models in light of anticipated growth in the electric vehicle (EV) market toward a decarbonized future society. The two companies will explore the possibility of new businesses with a goal to increase the value offered to customers through their EV and EV battery business. Details are explained below.
Hitachi, Ltd. (TSE: 6501, "Hitachi") and Hitachi Building Systems Co., Ltd. ("Hitachi Building Systems") today announced that they delivered a total of 120 elevators and escalators, and "FIBEE" a destination floor reservation system that ensures efficient elevator operations for "Toranomon Hills Station Tower" that opens today. The 120 units consist of 76 elevators and 44 escalators, including a super large 8,000kg (116 people) capacity elevator, which is the largest capacity class for Hitachi group elevators.
Elon Musk, the owner of X, the platform formerly known as Twitter, has made many changes to the service since buying it last year for $44bn.
He overhauled the verification system, reinstated former US President Donald Trump, gutted trust and safety teams, and installed a new CEO, former NBCUniversal executive Linda Yaccarino.
The Russian government has announced its proposed budget for 2024. For the first time in modern history, the country is set to spend 6% of gross domestic product (GDP) on the military, and defense spending will exceed social spending. The war against Ukraine and the West is not only the Kremlin’s biggest priority; it is now also the main driver of Russia’s economic growth.
China's manufacturing sector maintained recovery momentum and stable growth in the first three quarters of this year, marked by notable improvement in various indicators, officials and experts said on Wednesday.
Overall industrial production continues to improve and corporate revenues are recovering fast, but some industries are still under pressure, experts said, calling for more intensified policy support to further anchor market expectations and solidify the foundation of industrial recovery in the fourth quarter.
