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‘Buying stuff like it’s going out of fashion’: Biotech M&A on track for best year since pre-Covid

Global biopharma M&A is experiencing a sharp uptick, putting the sector on track for its strongest year since the pre-pandemic peak seven years ago. Driven by looming patent cliffs, newly buoyant public markets, and Big Pharma's race to beef up their pipelines, dealmaking so far in 2026 amounted to $106 billion over 201 deals, according to PitchBook data. If the current pace of biopharma M&A holds up for the rest of the year, the industry could be on track to notch more than $250 billion in...

CNBC 6d ago

Central Asia tipped to be Hong Kong’s next logistics hub: Airport Authority head

Central Asia can become a strategic logistics hub for Hong Kong as wars in the Middle East and Europe persist, with cargo volume between the city and two countries in the region surging nearly fivefold year on year, the Airport Authority chairman has said. Fred Lam Tin-fuk, who joined a recent trip with Chief Executive John Lee Ka-chiu to Central Asia, also said on Sunday that passenger traffic at Hong Kong airport could reach 70 million this year, recovering to nearly pre-Covid levels.

South China Morning Post 3d ago

Indians remained 3rd largest Schengen visa applicants in 2025; numbers climb in tough travel year

Indians remained the third largest applicants for Schengen visas globally in CY 2025, with 11.5 lakh did so with a rejection rate of 15.8%. Chinese were the largest applicants at 18 lakh with a rejection rate of 4.1%, followed by nationals of Turkey (12.5 lakh) with a rejection rate of 14.6%, according to data released by the European Commission (EC). “The top five applicant countries remained largely unchanged,” the EC says, with applicants from Russia (6.8 lakh) and Morocco (6.2 lakh)...

Times of India 9d ago

Is attention truly all we need? An empirical study of asset pricing in pretrained RNN sparse and global attention models

Announce Type: replace-cross Abstract: This study investigates the pre-trained RNN attention models with the mainstream attention mechanisms, such as additive attention, Luong's three attentions, global self-attention and sliding window sparse attention, for the empirical asset pricing research on the top 420 large-cap US stocks. This is the first paper on the large-scale state-of-the-art (SOTA) attention mechanisms applied in the asset pricing context. They overcome the limitations of the...

arXiv CS 5d ago

Australia's economic slowdown is just beginning, the experts warn

Australia's economic slowdown is just beginning, economists warn, as recession risks rise Thu 4 Jun 2026 at 5:16am Australia's economic slowdown is just beginning, economists warn, as interest rate rises and cost-of-living pressures weigh on households. The economy grew just 0.3 per cent in the first quarter of 2026, the Australian Bureau of Statistics revealed on Wednesday, but the figures only captured the first month of the Middle East war. "Surging inflation, sky-high oil prices and...

ABC Australia 6d ago

Goldman Sachs CEO David Solomon on AI jobs apocalypse: We'll still hire thousands of graduates

Goldman Sachs will bring on roughly 2,400 to 2,500 interns this year, with a comparable cohort of permanent new joiners walking in come July. That's the number CEO David Solomon kept circling back to on Bloomberg's Odd Lots podcast this month, his answer to anyone convinced AI is about to gut the entry-level pipeline at investment banks. Hiring will "contract a little" over the next three years, he conceded—but nothing close to dramatic.

Times of India 2d ago

CNA Explains: How airlines avoided a jet fuel shortage amid the Iran conflict

CNA Explains: How airlines avoided a jet fuel shortage amid the Iran conflict Despite warnings of a looming jet fuel supply crunch amid the Iran war, major airlines are now saying that they have enough fuel for the next few months. The conflict in Iran has sent jet fuel prices soaring, as the prolonged closure of the Strait of Hormuz choked exports from Gulf refineries that supply a significant share of the world’s jet fuel. The war, which began with United States-Israeli strikes on Iran on...

Channel News Asia 5d ago

Visitors are up, but Mona remains reliant on gambling funds

Mona visitor numbers are up, but gambling continues to prop up loss-making Tasmanian gallery Fri 5 Jun 2026 at 3:57pm In short: Newly filed accounts show Hobart's Museum of Old and New Art, Mona, remains dependent on owner David Walsh tipping in large amounts of money from his gambling interests. Last week, Mr Walsh's privately owned Downward Spiral Enterprises (Tas) lodged eight years of accounts with the corporate regulator, giving a first glimpse of the finances of Mona's ultimate holding...

ABC Australia 5d ago

Children under 12 to be banned from being left alone with dangerous dogs

Children under 12 to be banned from being left alone with dangerous dogs The new restrictions surrounding children and dangerous dogs are due to come into force on November 1 and will become part of the legal conditions for keeping an exempt dog Children under the age of 12 will be banned from being left alone with dangerous dogs including XL Bullies under new rules due to be announced later today. Owners who leave children unsupervised with banned breeds could face prosecution and even have...

Daily Mirror 1d ago