Economics: Latest and Breaking News from Azerbaijan and the World

Economics

Merck eyes $6.7B Terns deal to boost cancer portfolio

Merck & Co. announced on Wednesday that it will acquire Terns Pharmaceuticals in a deal valued at up to $6.7 billion, as the drugmaker moves to strengthen its cancer treatment pipeline ahead of an expected patent expiry for its blockbuster therapy Keytruda.

25 Mar 2026-15:05
Dow, S&P 500, Nasdaq futures climb as US seeks ceasefire with Iran

US stock futures surged Wednesday as investors reacted to reports that the US has submitted a plan to Iran aimed at halting the ongoing conflict, raising cautious hopes for easing tensions that have unsettled markets.

25 Mar 2026-14:03
iOS 26.4 update: Key features every iPhone user should know

Apple has officially released iOS 26.4 for iPhone users after a month of beta testing.

25 Mar 2026-13:24
Apple, other foreign-branded phones see shipment decline in China

25 Mar 2026-12:44
IEA ready to release more oil reserves amid global price surge

Fatih Birol, head of the International Energy Agency (IEA), said he is prepared to release additional oil reserves as energy prices soar worldwide.

25 Mar 2026-11:56
Azerbaijan facilitates another shipment of Russian grain to Armenia

25 Mar 2026-11:43
Gold climbs as dollar weakens and oil prices slide

25 Mar 2026-11:09
SpaceX eyes IPO filing, may seek over $75B

25 Mar 2026-10:55
Arm to launch own chips, targets $15B annual revenue

Arm Holdings is set to begin selling its own chips for the first time, marking a major shift from its traditional business of licensing semiconductor technology.

25 Mar 2026-10:42
OpenAI shuts down Sora AI video app after backlash

OpenAI has announced it is shutting down its social media app Sora, which gained viral popularity last fall as a platform for sharing short-form videos generated by artificial intelligence, while also sparking concern across Hollywood and beyond.

25 Mar 2026-09:52