Sanofi to Invest $1 Billion in New Insulin Manufacturing Base in China

The new base, which will be located in Yizhuang, Beijing, marks Sanofi’s second production site in the capital and its fourth in the country.

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China bans exports to U.S. of some materials for electronics manufacturing

China has banned exports to the U.S. of some materials essential to the manufacturing of electronics and some military equipment. It comes in response to Washington's chip sanctions on Beijing. CBS ...
CBS News - 1d
BlackRock expanding in private credit, buys HPS Investment Partners for $12 billion

The deal, which is expected to close in mid-2025, comes during a boom for the private credit space.
CNBC - 1d
SpaceX’s $350 billion private valuation signals an IPO is off the table for now

Elon Musk’s space business is part of a trend of companies staying private, as its private-market valuation jumps by more than $100 billion with a proposed sale of shares.
MarketWatch - 1d
Apple's $1 Billion Move: Will Indonesia Dictate the Future of Tech Giants?

Yahoo News - 1d
FIFA Secures $1 Billion Broadcast Deal With DAZN for Club World Cup

An agreement with the London-based streaming company DAZN came just a day before the draw for the inaugural event and after other networks balked at FIFA’s demands.
The New York Times - 37m
G.M.’s Ailing China Business Will Deal It a $5 Billion Blow

General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric and hybrid cars have taken off.
The New York Times - 6h
GM expects more than $5 billion impact from China restructuring

General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion.
NBC News - 5h
General Motors Takes $5 Billion Hit From Ailing China Business

The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric vehicles from homegrown brands.
The Wall Street Journal - 5h
GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion

General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Michigan to its joint venture partner LG Energy Solution.
CNBC - 1d