Finance world news

Mandy Op.

Mandy Op.

Pfizer buys Biohaven for $11.6 billion

Pfizer buys Biohaven for $11.6 billion

The deal should put an end to the protracted M&A lull in the biotech sector. Piper Sandler analyst Christopher Raymond also thinks so. He believes that the Pfizer deal could restore sentiment about mergers and biotechnology in general. The U.S. biotech sector experienced its worst April since

Toyota warns of possible 20% drop in profits

Toyota warns of possible 20% drop in profits

Toyota Motor has warned that "unprecedented" increases in raw material prices could cut annual profits by one-fifth. Supply chain problems have also caught up with the world's largest automaker. Toyota fared well in the first months of the global semiconductor shortage thanks to its large stock

McDonald's may resume operations in Russia under another brand

"The company intends to save the funds already invested in Russia, which went to the development of the restaurant chain. Therefore, it is logical that the company is now looking for a way to do exactly that," adds the source. Another source stressed that the network has not

Oleg Tinkov received 33 times less for his stake in Tinkoff Bank than he would have

Oleg Tinkov received 33 times less for his stake in Tinkoff Bank than he would have

The company was worth $8 billion, three times less than it was worth "before," Tinkov added. His 35% stake was worth less than $2 billion and he sold it even cheaper. Tinkov said he received only 3% of the company's value of $22 billion when he