General Motors Invests In Chinese Momenta
The U.S. automotive company General Motors invests $300 million in Momenta to push forward the development of next-generation self-driving technologies for future GM vehicles in China. Momenta has pioneered a unique scalable path toward full autonomous driving by...
Shell Sells Permian Business To ConocoPhillips
The energy company Shell has reached an agreement for the sale of its Permian business to ConocoPhillips. The Permian Basin is a light tight oil (LTO) play in west Texas, which is North America’s premier shale play. The purchase price is $9.5 billion in cash and shall...
Novartis Acquires Arctos Medical
The Swiss medicines company Novartis has acquired the start-up Arctos Medical, expanding optogenetics portfolio to bring gene therapies to patients with severe vision loss. The Arctos technology was based on discoveries by its scientific co-founders Drs. Sonja...
Universal Music Group: EUR 33.5bn IPO
Universal Music Group (UMG), the world leader in music-based entertainment, has successfully completed its listing on Euronext Amsterdam. The IPO follows the earlier announced intention by the major shareholder Vivendi to distribute 60 per cent of UMG stocks to its...
