Eli Lilly And Co ( LLY ) on Tuesday agreed to acquire SiteOne Therapeutics, Inc., a private biotechnology company developing small-molecule inhibitors of sodium channels to treat pain and other neuronal hyperexcitability disorders. The transaction includes STC-004, a Phase 2 ready Nav1.8 inhibitor being studied for pain. STC-004 may represent a next-generation, non-opioid treatment for patients suffering from chronic pain....

03:32 PM EDT, 05/27/2025 (MT Newswires) -- Elon Musk's Neuralink raised $600 million in a funding round, valuing the company at $9 billion before the new money, Semafor reported, citing people familiar with the matter. Neuralink didn't immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...

03:36 PM EDT, 05/27/2025 (MT Newswires) -- Citigroup's ( C ) Citi Handlowy unit said Tuesday it has agreed to sell its consumer banking business to VeloBank. Financial terms weren't disclosed. VeloBank is a Polish bank owned by investment funds linked to Cerberus Capital Management, the European Bank for Reconstruction and Development, and the International Finance Corporation, the company said....