Merck Is in Advanced Talks to Buy Cancer Biotech Seagen

A deal, potentially worth $40 billion or more, would help Merck broaden its lineup of cancer drugs, currently led by Keytruda.

 
Chip Makers May Pick Up Political Cost Without the Benefit

Subsidy push seems to have stalled as talk of more export bans arises.

 
Samsung's Pandemic Boom Is Over

Investors seemed to breathe a sigh of relief after the tech giant reported preliminary results, but the worst is likely still ahead, especially for its memory-chip business.

 
Shell Says Fuel-Refining Margins Could Add $1 Billion to Quarterly Earnings

Record fuel prices are set to help boost the oil major's profit, while a resurgence in energy demand lifts the value of its oil and gas holdings.

 
Senate Report Hits AbbVie's Bermuda Tax Structure for U.S. Humira Sales

Company made most of its overall 2021 sales in the U.S. while recording most of its profits in foreign subsidiaries, leaving it with a tax bill far below the 21% U.S. rate.

 
Pritzker Private Capital Adds Two to Operations Group

The Chicago investment firm has added Anish Sharan and Tim Giulianelli to help its portfolio companies with digital efforts and automation.

 
Telecom Italia to Separate Fixed-Line Business

Telecom Italia said it plans to separate its fixed-network infrastructure assets with the aim of improving its financial strength.

 
TSMC Shares Rebound Amid Signs of Resilient Chip Sales

Shares of Taiwan Semiconductor Manufacturing Co. rebounded strongly as investors weighed signs of resilient chip demand amid worries about a global economic slowdown.

 
LG Electronics Expects 12% Drop in Second-Quarter Operating Profit

LG Electronics expects its second-quarter operating profit to fall 12% amid growing challenges from weak demand and high raw-material costs.

 
Cosco Shipping Shares Jump After It Guides for 74% First-Half Profit Rise

Cosco Shipping Holdings shares jumped in both Hong Kong and China on Thursday after the container-shipping company guided for a 74% rise in first-half net profit.

(END) Dow Jones Newswires

July 07, 2022 07:15 ET (11:15 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.