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Bloomberg

Novo Fund to Donate Record $860 Million in New Bioscience Grant

The fund controlling Novo Nordisk A/S will make the largest donation in its history with a grant worth as much as 5.5 billion kroner ($860 million) for a Danish life science organization to help boost European innovation and jobs.

ASML Soars Beyond $500 Billion Value After TSMC’s Upbeat Outlook

ASML Holding NV shares soared to a record high, sending its market value beyond $500 billion, after Asian peer Taiwan Semiconductor Manufacturing Co. gave a stronger-than-anticipated outlook for 2026.

Revolut Chairman Is Listed as Swiss Resident in Local Filings

Revolut Ltd. Chairman Martin Gilbert has disclosed a long-standing residency in Switzerland, according to local company filings related to the setting up of a new unit of the global fintech firm.

Ericsson Plans to Cut 1,600 Jobs in Sweden in Cost-Cutting Push

Ericsson AB plans to cut about 1,600 jobs, as the Swedish network equipment supplier looks to reduce its operational costs.

Mitsubishi Electric Said to Seek $1.9 Billion Sale of Parts Unit

Mitsubishi Electric Corp. will sell its automotive equipment business and plans to solicit bids for the unit, people familiar with the matter said.

LSEG Starts New Digital Settlement Platform in Blockchain Push

The London Stock Exchange Group Plc has launched a new blockchain-friendly digital settlement service, as the bourse operator deepens its use of the technology underpinning cryptocurrencies.

Chinese Builder Jingrui Ordered to Liquidate by Hong Kong Court

Hong Kong’s High Court ordered the liquidation of developer Jingrui Holdings Ltd., making it the latest defaulted Chinese builder to be wound up in the city amid China’s years-long property crisis.

Jim Ratcliffe Cuts Price Tag for French Football Club Nice

Billionaire Jim Ratcliffe has slashed the asking price for French football team OGC Nice, according to people with knowledge of the matter.

Taylor Wimpey Sees ‘Muted’ Demand For UK Home Selling Season

The UK housing marked continues to be blighted by lackluster demand as buyers struggle with elevated mortgage costs that have stretched affordability, according to Taylor Wimpey Plc.

Ashmore Posts Net Inflows as Clients Return to Emerging Markets

Ashmore Group Plc saw net inflows in the three months through December, signaling a potential reversal of fortune for the emerging-markets focused asset manager that’s seen persistent client redemptions in recent years.