PRESS DIGEST- Financial Times – Aug. 4 – Yahoo Finance
Aug 4 (Reuters) – The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
– UK weighs national security concerns over Nvidia’s $40bn move for Arm https://on.ft.com/3xl4s04
– Sweaty Betty sold for $410 million as pandemic propels ‘athleisure’ further https://on.ft.com/3rT15MB
– Credit Suisse to face ‘tuna bonds’ trial https://on.ft.com/37pzUzr
– Sanofi to buy partner Translate Bio for 3.2 billion in mRNA push https://on.ft.com/3il0lN2
Overview
– The future of Nvidia’s planned $40 billion takeover of Arm, the British chip designer, is being considered by Prime Minister Boris Johnson’s government as UK ministers take an increasingly active interest in such deals.
– Sweaty Betty, the British womenswear company, has been sold to a U.S. based shoemaker Wolverine World Wide that aims to take the upmarket brand into footwear.
– Credit Suisse will face a trial over its role in Mozambique’s $2 billion “tuna bonds” scandal, a fresh blow as the bank struggles to shake off a succession of crises that have plagued the group in recent years.
– French pharmaceutical group Sanofi SA will acquire its partner Translate Bio for $3.2 billion, as it makes a big bet on the future of messenger RNA as a transformative technology for vaccines and therapeutics. (Compiled by Bengaluru newsroom)
