Big Pharma Rushes to Buy Biotech as $170B Patent Cliff Nears
Business

Big Pharma Rushes to Buy Biotech as $170B Patent Cliff Nears

The pharmaceutical industry is in a frenzy, with Big Pharma companies aggressively pursuing biotech acquisitions to replenish their pipelines ahead of the looming "patent cliff." This industry term re

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Weight-Loss Drugs Bite Into Greggs' Bottom Line
Business1d ago

Weight-Loss Drugs Bite Into Greggs' Bottom Line

Greggs acknowledges that the increasing popularity of weight loss drugs is impacting its sales, as consumers opt for smaller portions and healthier, protein-rich options. This shift in consumer behavior, coupled with a broader health trend, has contributed to the bakery chain's muted profit forecast for the coming year, prompting Greggs to adapt its menu with new product offerings. The company is actively targeting customers using GLP-1 drugs by introducing smaller portions and protein-rich products.

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Job Growth Stalls: US Sees Weakest Year Since Covid
Business5h ago

Job Growth Stalls: US Sees Weakest Year Since Covid

US job creation slowed significantly in 2025, with only 50,000 jobs added in December and an average of 49,000 per month for the year, marking the weakest growth since the pandemic-stricken 2020. Despite a 4.3% annualized economic growth in Q3, driven by consumer spending and exports, job losses in retail and manufacturing offset gains in healthcare and hospitality, while the unemployment rate edged down to 4.4%. The slowdown reflects the impact of President Trump's policies, including tariffs and spending cuts, on the labor market.

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Weight-Loss Drugs Bite Into Greggs' Profits Forecast
Business5h ago

Weight-Loss Drugs Bite Into Greggs' Profits Forecast

Greggs acknowledges that the rising popularity of weight-loss drugs is impacting its sales, as consumers opt for smaller portions and healthier options, contributing to the company's reported lackluster profits and muted forecast. The bakery chain is adapting by introducing protein-rich products and smaller portion sizes to cater to this evolving market trend, following similar observations from other firms like Tesco.

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Smart Ring Market Shrinks: Patent Fight Bites
Business1d ago

Smart Ring Market Shrinks: Patent Fight Bites

Oura's victory in a patent infringement case against RingConn and Ultrahuman led to a US import ban on their smart rings, impacting the competitive landscape of the health-tracking wearable market. Ultrahuman, which distinguishes itself from Oura by not requiring a subscription fee, is now strategizing its next steps to address the US market following the ruling. The ITC decision centered on patent 178, protecting a specific ring hardware design.

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Tesco & M&S Feast on Festive Sales, Defying Economic Gloom
Business1d ago

Tesco & M&S Feast on Festive Sales, Defying Economic Gloom

Tesco and Marks & Spencer both reported robust Christmas food sales, with Tesco's UK sales rising 3.2% and achieving its highest market share in over a decade, while M&S saw a 5.5% increase in food sales driven by popular "Christmas hero lines." However, M&S experienced a 2.9% sales decline in its fashion, home, and beauty division, attributed to lower high street footfall and lingering supply chain issues from a previous cyber-attack, impacting overall market sentiment.

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Retailers Demand Rates Relief as Pub Rate Cut Looms
Business5h ago

Retailers Demand Rates Relief as Pub Rate Cut Looms

Businesses are urging Chancellor Rachel Reeves to extend any planned business rates relief for pubs to include other struggling sectors like retail and music venues. These businesses face sharp rate increases over the next three years as Covid-era support ends, despite additional support measures announced in the November budget. Lobby groups and MPs argue that many businesses will struggle to pay the higher costs, potentially impacting market stability.

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Weight-Loss Drugs Dent Greggs' Sales, CEO Admits
Business5h ago

Weight-Loss Drugs Dent Greggs' Sales, CEO Admits

Greggs acknowledges that the increasing popularity of weight-loss drugs is impacting its sales, as consumers opt for smaller portions and healthier, protein-rich options. This shift in consumer behavior, coupled with a broader health trend, contributed to the company's reported lacklustre profits and muted forecast for the coming year, prompting Greggs to adapt its menu with new product offerings. Tesco has also noted the trend toward healthier eating, with growth in fresh produce sales.

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Retailers Demand Rates Relief Amid Pub Backtrack Rumors
Business11h ago

Retailers Demand Rates Relief Amid Pub Backtrack Rumors

Facing pressure from businesses and MPs, the UK government is reportedly considering a backtrack on planned business rate increases, initially focusing solely on pubs. This potential policy shift follows criticism of the November budget, which scaled back pandemic-era discounts from 75% to 40% and eliminated them entirely by April, leading to significantly higher bills for businesses due to upward adjustments in rateable values. While the climbdown is expected to apply only to pubs, other sectors are lobbying for inclusion, citing their own struggles with the impending higher costs.

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Greggs Feels the Pinch: Weight Loss Drugs Curb Appetite for Profits
Business11h ago

Greggs Feels the Pinch: Weight Loss Drugs Curb Appetite for Profits

Greggs acknowledges that the increasing popularity of weight loss drugs is impacting their sales, as consumers opt for smaller portions and healthier, protein-rich options. This shift in consumer behavior, contributing to lacklustre profits and a muted forecast, has prompted Greggs to adapt its menu by introducing smaller portions and protein-focused products to cater to evolving dietary preferences. Other firms like Tesco are also observing these trends, indicating a broader market shift towards health-conscious eating habits.

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RAM Boom: Samsung Profits Soar to Record Highs
Business17h ago

RAM Boom: Samsung Profits Soar to Record Highs

Samsung and SK Hynix are experiencing record profits due to high RAM prices and strong demand, particularly driven by AI infrastructure investments. Samsung forecasts approximately $13.8 billion in operating profit for Q4 2025, a significant increase from 2024, while SK Hynix reported a record $7.8 billion in operating profit for Q3 2025 with a 47% operating margin. These financial gains highlight the positive impact of memory market dynamics on leading manufacturers.

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Starmer's Business Rate Plan Faces Pub Closure Warning
Business1d ago

Starmer's Business Rate Plan Faces Pub Closure Warning

Labour MPs are pressuring Keir Starmer to reconsider business rate reforms, fearing widespread pub closures when Covid-era relief ends in April. Chancellor Rachel Reeves scaled back business rate discounts from 75% to 40% in November, with no discount from April, while readjusting rateable values, leading to potential bill increases. In York, hospitality faces an average 41% business rate rise, with music venues at 44.4% and independent shops around 27%, threatening closures.

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RAM Boom: Samsung's Profits Soar on High Memory Prices
Business23h ago

RAM Boom: Samsung's Profits Soar on High Memory Prices

Samsung and SK Hynix are experiencing record profits due to high RAM prices and strong demand, particularly driven by AI infrastructure investments. Samsung forecasts approximately $13.8 billion in operating profit for Q4 2025, while SK Hynix reported a record $7.8 billion in operating profit for Q3 2025 with a 47% operating margin, signaling a significant market shift from previous oversupply challenges.

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Greggs Profits Trimmed as Weight Loss Drugs Curb Appetite
Business17h ago

Greggs Profits Trimmed as Weight Loss Drugs Curb Appetite

Greggs acknowledges that the increasing popularity of weight loss drugs is impacting its sales, as consumers opt for smaller portions and healthier options. This shift in consumer behavior, coupled with a broader health trend, contributed to the bakery chain's lackluster profits and muted forecast for the coming year, prompting Greggs to introduce protein-rich products and smaller portion sizes to cater to evolving customer demands. Other firms like Tesco are also observing these trends and adapting their offerings.

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Retailers Demand Rates Relief as Pubs Get Potential Break
Business5h ago

Retailers Demand Rates Relief as Pubs Get Potential Break

Businesses are urging Chancellor Rachel Reeves to extend any planned business rates relief for pubs to include other struggling sectors like retail and music venues. These businesses face sharply increasing rates over the next three years as Covid-era support ends, despite additional support measures announced in the November budget. Lobby groups and MPs argue that many businesses beyond pubs will struggle to afford these higher costs.

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Fujitsu Defends Profits Amid Post Office Scandal
Business2d ago

Fujitsu Defends Profits Amid Post Office Scandal

Fujitsu defended its continued receipt of government contracts, worth £500 million in extensions, despite its Horizon software's central role in the Post Office scandal. While refraining from bidding on new business, the company's European CEO declined to specify Fujitsu's financial contribution to the £1.8 billion redress scheme for victims, raising concerns about taxpayer burden and the company's commitment to rectifying the widespread miscarriage of justice.

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Pubs Get Business Rates Relief as Government Softens Blow
Business23h ago

Pubs Get Business Rates Relief as Government Softens Blow

The UK government is expected to announce a reduction in business rate increases for pubs following industry pressure, addressing financial difficulties stemming from rising rateable values and the scaling back of pandemic-era discounts from 75% to 40% in November, with a complete removal slated for April. This targeted relief, excluding the broader hospitality sector, aims to mitigate the impact of significantly higher rates bills on pubs and potentially includes relaxed licensing rules to further support the industry.

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Trump Promises US Oil Billions for Venezuela: Fact Check
Business2d ago

Trump Promises US Oil Billions for Venezuela: Fact Check

Following the abduction of Nicolas Maduro, President Trump has pledged billions in US oil company investment to revitalize Venezuela's oil infrastructure. While Trump and Secretary of State Rubio express confidence in the plan, citing readiness from unnamed oil companies, the White House has only confirmed conversations with multiple firms, leaving the market impact and specific financial commitments uncertain.

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Weight-Loss Drugs Bite Into Greggs' Profits
Business11h ago

Weight-Loss Drugs Bite Into Greggs' Profits

Greggs acknowledges that weight loss drugs are impacting consumer demand, leading to a shift towards smaller portions and healthier options, which is affecting the company's profits. In response to this "broader health trend," Greggs is introducing protein-rich products and smaller portion sizes to cater to customers using GLP-1 drugs, following a similar trend observed by Tesco. The company reported lackluster profits and a muted forecast for the coming year.

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