06:06 AM EST, 01/08/2025 (MT Newswires) -- Vertical Aerospace ( EVTWF ) said Wednesday it completed its first piloted thrustborne flight maneuvers, advancing its VX4 aircraft from hover to low-speed flight. The milestone follows approval from the UK Civil Aviation Authority to expand its Permit to Fly. The test is crucial for assessing the aircraft's stability, battery efficiency and performance,...

Jan 8 (Reuters) - The following bids, mergers, acquisitions, and disposals were reported by 1030 GMT on Wednesday: ** Italy's Banca Ifis said it was launching a 298 million euro ($309 million) cash and shares exchange offer to take over rival specialty lender illimity. ** Roche said it planned to complete its purchase of U.S. biopharmaceutical company Poseida Therapeutics (...

HOUSTON/GEORGETOWN (Reuters) - Guyana's oil exports rose 54% last year to some 582,000 barrels per day (bpd), fueled by European refiners' demand for easy-to-process sweet crudes to replace some Middle Eastern grades, according to traders and shipping data from financial firm LSEG. Since it started exporting oil in early 2020, the burgeoning oil nation has emerged as the fifth largest...

06:09 AM EST, 01/08/2025 (MT Newswires) -- Cassava Sciences ( SAVA ) said late Tuesday that it is reducing its workforce by ten employees, laying off 33% of its workforce in Q1, incurring one-time expenses of $400,000 for the reduction. The clinical-stage company said it will reduce expenses by halting the planned biomarker analysis of additional plasma samples from previous...