Moderna has agreed to pay Genevant Sciences, a subsidiary of Roivant Sciences, and Arbutus Biopharma up to $2.25 billion to settle a long-running legal fight over the technology that made its COVID-19 vaccine possible, the companies said on Tuesday. Under …
The Justice Department and dozens of states accused Live Nation Entertainment Inc. and its Ticketmaster subsidiary of illegally monopolizing much of the market for live music, as a major courtroom clash more than 15 years in the making got underway …
A Delaware judge has ruled insurers do not have a duty to defend Meta Platforms in the thousands of lawsuits that allege its Facebook and Instagram platforms harm children.
The Iran conflict has thrust container shipping from an industry bracing for a capacity glut to another potential “black swan” supply crunch. That paradigm shift dawned on the more than 3,500 importers, freight forwarders and ocean carriers gathered this week …
A U.S. appeals court on Monday returned the lawsuits that led to most of President Donald Trump’s tariffs being struck down to the U.S. Court of International Trade, which could determine the process for refunding more than $130 billion to …
As insurers spread risk across more carriers, the structure behind a single claim has become more complex. Capital is tighter, catastrophe losses are more frequent and specialized risks continue to grow across global insurance and reinsurance markets. Those forces have …
Container ships account for roughly 100 of the 750 ships backed up around the Strait of Hormuz following U.S. and Israeli attacks on Iran, Jeremy Nixon, CEO of container carrier Ocean Network Express (ONE), said on Monday. “About 10% of …
