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Grab executives buy over $30 million in shares after stock hits $2.74, a more than three-year low
Grab executives bought more than $30 million worth of company shares this week after the stock slid to a more than three-year low of $2.74 following its deal to acquire buy-now-pay-later provider Atome Financial. The company also said it plans to buy back around $900 million shares over the next 12 months, but the September 15 announcements failed to lift the stock. Grab shares have tumbled 50% over the past year.
15h ago
15h ago
Michael Burry discloses a long position in Ero Copper as LME copper rises 18% this year
Investor Michael Burry has disclosed a long position tied to copper producer Ero Copper. Expectations for further gains in the metal have been bolstered by supply constraints, falling inventories and limited new mine discoveries. Copper on the London Metal Exchange has risen 18% so far this year, and global mined copper output could decline this year for the first time since 2017, according to Axis Securities.
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15h ago
Novo Nordisk maps out five blockbuster launches by 2030 as investors question post-Wegovy growth
Novo Nordisk has outlined a long-term strategy that includes launching five blockbuster drugs by 2030 and generating $23 billion in pipeline revenue by 2035 to offset potential sales erosion after Wegovy’s patent expiry. The plan hinges on a new wave of weight-loss tablets and improved combinations of diabetes and obesity treatments aimed at greater weight loss with fewer side effects. It also includes an expansion into areas such as blood and endocrine disorders. Investors remained unconvinced, sending the shares down 8% on Monday.
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15h ago
Oil heads for longest losing streak since August 2025 as Brent slips to $98.30
International oil prices fell for a sixth straight session, with Brent down about 1% to $98.30 and WTI down 1.4% to $89.49. U.S.-Iran talks held at the United Nations, alongside the restart of a previously disrupted Saudi pipeline, eased concerns over potential Middle East supply disruptions. Saudi Aramco plans to restore pipeline flows to roughly 4 million barrels per day (bpd) within a few weeks.
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15h ago
FDA advisory panel to vote on Grail’s Galleri multicancer blood test
A U.S. FDA advisory panel is set to vote on whether to recommend authorization of Grail’s Galleri blood test, which the company says can detect up to 50 types of cancer and costs $949. The test is under expedited FDA review, and an approval could make it the first FDA-authorized multicancer screening blood test and potentially open the door to insurance reimbursement. Abbott is also pursuing FDA clearance for a competing multicancer test.
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