In major finance news, Novartis has struck a deal to acquire the UK biotech firm Myricx Bio for up to $1.5 billion, marking yet another foreign acquisition of British biotech companies.
In broadcasting, Comcast’s Sky has entered a £1.6 billion agreement to acquire ITV’s television business, intensifying the competition against digital giants like Netflix and YouTube.
Meanwhile, Maersk revives its Middle Eastern operations by planning a cargo transit through the Suez Canal, signaling a hopeful return to normalcy after a ceasefire was established in the region.
(With inputs from agencies.)