05:37 AM EDT, 05/21/2024 (MT Newswires) -- Advanced Energy Industries ( AEIS ) said Tuesday it has offered to acquire the entire share capital of XP Power for 19.50 pounds ($24.78) per share in cash. The board of XP Power unanimously rejected previous takeover proposals by the company, including one of 17 pounds per share in October 2023 and another...

FRANKFURT (Reuters) - U.S. Treasury Secretary Janet Yellen said on Tuesday that the United States and Europe needed to respond to China's industrial policies in a strategic and united way to keep manufacturers viable on both sides of the Atlantic. In remarks on the importance of the U.S.-European alliance in Frankfurt, Yellen said China's excess industrial capacity threatened both American...

05:45 AM EDT, 05/21/2024 (MT Newswires) -- (Updates with the stock move in the headline and the second paragraph.) Larimar Therapeutics ( LRMR ) said late Monday the US Food and Drug Administration lifted a partial clinical hold previously imposed on the clinical program to study nomlabofusp for treating Friedreich's Ataxia, an inherited nervous system disorder. Shares of the company...

SEOUL, May 21 (Reuters) - Sixteen companies involved in AI including Alphabet's Google, Meta, Microsoft ( MSFT ) and OpenAI, as well as companies from China, South Korea and the United Arab Emirates have committed to safe development of the technology. The announcement unveiled in a UK government statement on Tuesday came as South Korea and Britain host a global...