- The Food and Drug Administration on Tuesday approved Reata Pharmaceuticals Inc's drug Skyclarys, or omaveloxolone, for treating the neurological disorder Friedreich's ataxia in adults and adolescents age 16 and older.
- A House committee on Tuesday took up legislation that would effectively ban TikTok in the United States, but postponed a vote on the measure until Wednesday. The bill would effectively block U.S. interactions with the application.
- Private-equity firm Apollo Global Management Inc is in talks to acquire aerospace-parts maker Arconic Corp , according to people familiar with the matter. Apollo submitted a bid in February, and has ensured debt financing.
- Goldman Sachs Group Inc Chief Executive David
Solomon said the company was "considering strategic
alternatives" for its consumer platforms business. Solomon,
however, didn't offer details.
- Investcorp Holdings has closed on more than $1.2 billion in commitments to invest in a North American private-equity fund. It aims to make control investments in middle-market services businesses.
- The Pentagon will have secure access to leading-edge semiconductors manufactured at facilities receiving funding from the $53 billion Chips Act, Commerce Secretary Gina Raimondo said, ensuring the industry can supply the military with the advanced chips it needs for modern weapons systems.
(Compiled by Bengaluru newsroom)
