Energy Aspects Global Gas Head Livia Gallarati discusses energy markets amid the fragile ceasefire between the US and Iran. Speaking on Bloomberg Television, she says both oil and gas facilities will take time to ramp up. "Anything new is probably not going to be coming into the Strait [of Hormuz]. Shipowners don't have that risk appetite for now," Gallarati says. Asked whether prices will fall ba...
Energy Aspects Global Gas Head Livia Gallarati discusses energy markets amid the fragile ceasefire between the US and Iran. Speaking on Bloomberg Television, she says both oil and gas facilities will take time to ramp up. "Anything new is probably not going to be coming into the Strait [of Hormuz]. Shipowners don't have that risk appetite for now," Gallarati says. Asked whether prices will fall back to pre-war levels, she says: "I wouldn't put my money on that." (Source: Bloomberg)
As the U.S.-Israel-Iran conflict has roiled global markets in recent weeks, China has appeared relatively insulated from the energy-driven shock that is reshaping asset pricing worldwide. The most immediate transmission channel is oil. With Brent crude having surged from around $70 per barrel to nearly $120 at its peak before pulling back after ceasefire new s, the inflationary impact has rippled ...
As the U.S.-Israel-Iran conflict has roiled global markets in recent weeks, China has appeared relatively insulated from the energy-driven shock that is reshaping asset pricing worldwide. The most immediate transmission channel is oil. With Brent crude having surged from around $70 per barrel to nearly $120 at its peak before pulling back after ceasefire new s, the inflationary impact has rippled across economies. For China, while exposure to Middle Eastern crude is comparatively limited, the effect has still been felt domestically. Since March 9, gasoline and diesel prices have been raised repeatedly.
The flood of cheap copies of Novo Nordisk A/S ’ blockbuster drug semaglutide in India is already reshaping the country’s fast-growing obesity market, cutting into Eli Lilly & Co .’s early lead and offering a first real test of how Novo may fare as its patents expire worldwide. Within days of dozens of generics hitting the Indian market, semaglutide’s share in the country’s GLP-1 segment jumped to ...
The flood of cheap copies of Novo Nordisk A/S ’ blockbuster drug semaglutide in India is already reshaping the country’s fast-growing obesity market, cutting into Eli Lilly & Co .’s early lead and offering a first real test of how Novo may fare as its patents expire worldwide. Within days of dozens of generics hitting the Indian market, semaglutide’s share in the country’s GLP-1 segment jumped to 33% in March from 25% a month earlier, according to researcher Pharmarack. That gain came at the expense of tirzepatide — the active ingredient in Lilly’s Mounjaro — whose share fell to 64% from 71%, Pharmarack said. The data, which counts sales of non-branded versions between March 21-31, marks the first meaningful snapshot of demand after India opened the door to non-patented semaglutide. While Canada was the first country to lose semaglutide patent protection in January, regulators there haven’t approved any generics so far. It also offers an early sign of the rush to generics Lilly will face globally as semaglutide approaches patent cliffs elsewhere. The price war and surge in demand are being closely watched as patents for the blockbuster treatment expire in major emerging markets this year, with India a key test case for how quickly generics can erode a branded drug’s dominance. Mounjaro sales in March dropped to 1.14 billion rupees ($12.3 million) in March from 1.35 billion rupees a month earlier, Pharmarack data show. Lilly will lose exclusivity on the drug next decade. This is a “gold rush phase” as generics come on board, said Sheetal Sapale, vice president of commercial at Pharmarack. Though Mounjaro still dominates the market in India, it’s taken a “major hit” following the launch of semaglutide copies, she said. Representatives for Novo Nordisk and Eli Lilly didn’t immediately respond to requests from Bloomberg News for comment. Torrent Pharmaceuticals Ltd. has emerged as the biggest local player in semaglutide after Novo, trumping rivals including Sun Pharmace...
Norwegian public transport operator Boreal ordered 20 of the boats, each with a capacity of 25 passengers, to service new and existing routes along the Norwegian coast.
Norwegian public transport operator Boreal ordered 20 of the boats, each with a capacity of 25 passengers, to service new and existing routes along the Norwegian coast.
Norwegian public transport operator Boreal ordered 20 of the boats, each with a capacity of 25 passengers, to service new and existing routes along the Norwegian coast.
Norwegian public transport operator Boreal ordered 20 of the boats, each with a capacity of 25 passengers, to service new and existing routes along the Norwegian coast.
Pacific Investment Management Co. (Pimco) is seeking to offload portions of a massive $14 billion debt package linked to Oracle Corp.’s ( ORCL ) massive data center development in Michigan, according to a Bloomberg report on Thursday. As per the report , the investment giant is looking to trim its exposure to the project, marking a significant move in the secondary market for digital infrastructur...
Pacific Investment Management Co. (Pimco) is seeking to offload portions of a massive $14 billion debt package linked to Oracle Corp.’s ( ORCL ) massive data center development in Michigan, according to a Bloomberg report on Thursday. As per the report , the investment giant is looking to trim its exposure to the project, marking a significant move in the secondary market for digital infrastructure financing. The financing is part of a broader $16.3 billion capital structure led by Bank of America , which is slated to close on April 17, 2026. The Saline Township campus is structured with roughly 15% equity—including a $2 billion contribution from Blackstone Inc. ( BX )—while the remainder will be funded via 19.5-year bonds issued through a special purpose vehicle under Rule 144A private placement , as per the terms of the proposed transaction seen by Bloomberg News. As per the report, Pimco is currently testing institutional demand for the notes, which are expected to carry a coupon of approximately 7.5%. This pricing represents a premium of just over 100 basis points (1.0%) compared to Oracle’s existing senior debt maturing in 2040. The current financing arrangement follows a period of uncertainty for the Michigan site. In December, Blue Owl Capital Inc. ( OWL ) opted not to provide equity for the project, leading to a temporary funding delay and uncertainty about financing the buildout. More on Oracle Oracle: The Most Underrated AI Infrastructure Play Oracle: Layoffs Fulfill The Promise Of AI, 'Buy' The Dip Oracle: OCI And Multicloud Execution Shift The Narrative To Buy (Rating Upgrade) TikTok doubles down on Finland with second €1B data center - report Pimco evaluating $14B debt financing for Oracle data center - report