(Reuters) -Billionaire Elon Musk’s xAI has raised $15 billion in a series E funding round, CNBC reported on Thursday, citing sources. The Tesla chief in September said the company was not raising any capital after CNBC reported that xAI was raising $10 billion at a post-money valuation of $200 billion. XAI, in what seemed like…
(Reuters) -Eli Lilly and Novo Nordisk are expected to announce deals with the White House to offer the lowest dose of their weight-loss drugs at $149 per month, in exchange for Medicare coverage, Endpoints News reported on Tuesday, citing sources familiar with the matter. Patients in the U.S. currently pay the most for prescription medicines,…
(Reuters) -Fast-fashion retailer Shein Group has considered relocating its headquarters back to China in an effort to gain Beijing authorities’ approval for its planned Hong Kong IPO, Bloomberg News reported on Tuesday, citing sources. Singapore-headquartered Shein has consulted lawyers on setting up a parent company in mainland China, the report said, adding that discussions were…
(Reuters) -China’s Alibaba Group is likely to exit India’s Eternal in a block deal valued at 53.75 billion rupees ($613 million), CNBC-Awaaz reported on Wednesday, citing sources. Alibaba’s unit Antfin Singapore, which had a 2.08% stake in Eternal as of June-end, will offload all of it at a floor price of 285 rupees, the report…