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Merck & Co expects shorter manufacturing time for cancer vaccine

Pharmaceutical giant Merck & Co, known as MSD outside the US and Canada, CEO Rob Davis expects the manufacturing time for the personalized cancer vaccine being developed together with Moderna to be shortened from the current six weeks. He tells CNBC in an interview. The vaccine, which is combined with the cancer drug Keytruda, has […]

Higher-than-expected CPI sent Wall Street lower on Wednesday

US stock markets closed lower on Thursday after September inflation came in higher than expected. The data has increased concerns about another interest-rate hike by the Federal Reserve in October. In the broader market, the S&P 500 index fell 1.11 percent to 7 718.94. The S&P 500 index traded within a range of -1.44 percent […]

Knot: ECB may need to adopt a somewhat more hawkish stance – BN

The European Central Bank, ECB, may need to pursue somewhat more restrictive monetary policy going forward as a result of geopolitical risks and recurring supply disruptions. This is according to former Dutch central bank governor Klaas Knot, who has been identified as a possible successor to ECB President Christine Lagarde, Bloomberg News reports. Knot believes […]

OpenAI’s head of infrastructure departs – becomes adviser

AI firm OpenAI’s head of infrastructure, Sachin Katti, is leaving his operational role on November 15 after around a year in the position. He will continue as an adviser and will be replaced by Uday Ruddarraju, who is currently the company’s chief technology officer for computing infrastructure. CNBC reports. Katti says he wants to build […]

Grocery retail sales increased 4.3 percent in September

Sales in Swedish grocery retail increased 4.3 percent in September compared with the same month a year earlier. This is shown by the Grocery Trade Index from the industry association Swedish Grocery Trade, according to a press release. Sales in physical stores rose 4.2 percent, while e-commerce increased 4.5 percent. Within e-commerce, home deliveries grew […]

Nordea reports operating profit below expectations

Nordea reports operating profit below expectations for the third quarter of 2026. Revenue also came in below analysts’ expectations. The bank repeats its full-year guidance. Nordea reports operating profit of EUR 1,541 million for the third quarter of 2026. Analysts had on average expected EUR 1,572 million, according to Bloomberg’s consensus. The result was thus […]

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