The Financial Times

Silver Lake is looking to invest nearly $1 billion in Reliance Retail, a company owned by Indian billionaire Mukesh Ambani’s Reliance Industries Ltd, at a valuation of $57 billion, the Financial Times reported Thursday. What Happened: The talks are taking place at a time when...

The United States Food and Drug Administration is willing to expedite the COVID-19 vaccine authorization process, including granting emergency use authorization to a candidate before it completes late-stage clinical trials, according to Chairman Stephen Hahn. What Happened: Hanh told the...

TikTok CEO Kevin Mayer said in an internal memo that he is resigning as the head of the short-form video app, the Financial Times reported Thursday. What Happened: Mayer, a former executive at Walt Disney Co (NYSE: DIS), made the decision to leave TikTok after President Donald...

AstraZeneca plc’s (NYSE: AZN) COVID-19 vaccine may be fast-tracked for approval in the United States, ahead of the impending presidential elections, the Financial Times reported Sunday. What Happened: The Trump Administration is exploring multiple options, including the United...

Oracle Corporation (NYSE: ORCL) has expressed interest to acquire the business of China-based ByteDance's social media platform TikTok in the United States and other major markets including Canada, Australia and New Zealand, according to a Financial Times report Monday. What...

Amazon.com, Inc (NASDAQ: AMZN) CEO Jeff Bezos is being criticized for not acting on unlicensed songs on subsidiary streaming platform Twitch, even as music rights holders issue “takedown notices,” the Financial Times reported Monday. What Happened The Artists Rights...

Varian Medical Systems, Inc (NYSE: VAR) announced Sunday that Siemens Healthineers AG (OTC: SMMNY) would purchase it in an all-cash transaction valued at $16.4 billion. What Happened The Palo Alto, California-based laboratory diagnostics company said Siemens Healthineers would purchase all its...

Pfizer Inc. (NYSE: PFE) wouldn't give a discount to any developed country for its novel coronavirus (COVID-19) vaccine — over the price it's charging the United States under a contract signed last week — CEO Albert Bourla said at a conference call Tuesday. What Happened: "...

The chairman of WeWork, Marcelo Claure, said that the co-working space company was on the verge of being profitable in 2021 after carrying out extensive cost-cutting measures. What Happened In an interview with the Financial Times on Sunday, Claure disclosed that after the company...

Apple Inc. (NASDAQ: AAPL) is blocking developers from updating existing apps on its App Store in China if they don't have relevant approvals from the country's government, the Financial Times reported Wednesday. What Happened The consumer electronics giant until June 30 allowed games to be...

ByteDance is exploring a partnership with Singapore's influential Lee business family for its digital banking license in the country, the Financial Times reported Monday. The Chinese internet technology company, best known as the owner of video social media app TikTok, is among the several...

Baillie Gifford has invested $35 million in Germany-based air-taxi startup Lilium, the Financial Times reported. What Happened The United Kingdom-based private investment firm holds a nearly 4% stake in Lilium as a result of the investment that valued the startup at more than $1 billion, according...

Companies in the United States raised $22.5 billion in the bond market this week, the Financial Times reported on Friday, based on EPFR Global data. What Happened This is the highest amount injected in bond mutual and exchange-traded funds in the U.S. in a week since 2007, according to the...

ZoomInfo on Wednesday raised $935 million in its initial public offering. The business database provider sold 44.5 million shares priced at $21 each, as earlier reported by the Financial Times. The public offering, which is the largest so far this year among technology companies, puts ZoomInfo'...

IWG Plc. (OTC: IWGFF), formerly known as Regus, a flexible workspace firm has taken over rival WeWork’s Hong Kong office space in an expansion drive.  What Happened IWG took over an office located at Hysan Place in Hong Kong that was vacated by WeWork as a part of its retrenchment...