Bloomberg The collapse of star investor Neil Woodford’s business empire reverberated beyond his own stockholdings, dealing a blow to the fundraising environment for early-stage British biotechnology that’s just starting to heal. Budding biotech companies, which counted Woodford as a champion, saw money from global investors drop after the mogul froze withdrawals in his flagship fund in June. Five months later, ...

Bloomberg BMW AG is showing signs of recovery under its new chief executive officer, with aggressive cost-cutting and demand for upscale models like the big X7 SUV helping to bolster third quarter earnings. After stumbling in recent quarters with low profitability and a series of operational and regulatory issues, CEO Oliver Zipse’s first results report after taking charge showed a ...

Bloomberg The US is encouraged that Japan and South Korea are showing their first signs of a thaw in their yearlong feud. But it’s unclear whether ties between the two American allies will warm fast enough to save a key intelligence-sharing pact. The neighbours have a little more than two weeks to stop the defense pact from becoming a lasting ...