(Reuters) -Lykos Therapeutics said on Thursday it would reduce its workforce by 75% and initiate some executive changes, days after the U.S. Food and Drug Administration declined approval for its MDMA-based treatment for post-traumatic stress disorder. Lykos, formerly known as MAPS Public Benefit Corp, said its founder Rick Doblin was leaving the company’s board. It […]
Lockheed to buy satellite products maker Terran in $450 million deal
(Reuters) – Lockheed Martin on Thursday agreed to acquire satellite products maker Terran Orbital in a $450 million deal, months after the defense contractor withdrew it previous bid to take it private. Lockheed will pay 25 cents per share in cash, representing a 37.5% discount to Terran’s last close. The company in March had offered […]
US State Dept OKs potential $5 billion sale of Patriot missiles to Germany
WASHINGTON (Reuters) – The U.S. State Department has approved the possible sale of up to 600 Patriot air defense missiles to NATO ally Germany for an estimated cost of $5 billion, the Pentagon said on Thursday. “The proposed sale will improve Germany’s capability to meet current and future threats and increase the defensive capabilities of […]
Oil rises nearly 2% on upbeat US economic data, geopolitical tension
By Nicole Jao NEW YORK (Reuters) -Oil prices gained more than $1 a barrel on Thursday after U.S. economic data allayed fears of recession in the world’s biggest economy, although the rally was limited by concerns of slower global demand. Brent crude futures settled up $1.28, or 1.6%, at $81.04 a barrel. U.S. West Texas […]