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Universal’s Virgin Music CEOs push back against critics of Downtown Music deal
BRUSSELS (Reuters) -The two co-chief executives of Universal Music Group’s Virgin Music Group on Thursday pushed back against critics of its $775 million acquisition of Downtown Music, saying the deal would create a company providing a wide range of services to independent labels.The European Commission is cu …. Read More >>

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For retailers, US-Vietnam trade deal leaves questions
LONDON (Reuters) -A trade deal announced by the U.S. and Vietnam creates new question marks for sportswear and clothing retailers like Nike and Adidas that source shoes and clothes from factories in the Southeast Asian country, industry experts said on Thursday.The U.S. will impose a 20% tariff on many import …. Read More >>

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Summit, AstraZeneca in talks over $15 billion cancer drug licensing deal, Bloomberg News reports
Shares of Summit Therapeutics surged 9.7% to $25.81 in morning trade.The Menlo Park, California-based drug developer did not immediately respond to Reuters’ request seeking comment, while an AstraZeneca spokesperson declined to comment.A deal could include an upfront payment of several billion dollars to Summ …. Read More >>

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US imposes fresh sanctions targeting Iran oil trade, Hezbollah
WASHINGTON (Reuters) -The U.S. imposed sanctions on Thursday against a network that smuggles Iranian oil disguised as Iraqi oil, and on a Hezbollah-controlled financial institution, the Treasury Department said.A network of companies run by Iraqi-British national Salim Ahmed Said has been buying and shipping …. Read More >>

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US imposes fresh sanctions targeting Iran oil trade, Hezbollah

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US imposes fresh sanctions targeting Iran oil trade, Hezbollah

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