After searching for a new chief executive officer since May, Biogen Inc. has selected industry veteran Christopher Viehbacher, who previously led Sanofi and later worked in venture capital. It’s a solid choice. Viehbacher helped steer Sanofi through turbulent times and has the experience to do the same for Biogen. Viehbacher will succeed Michel Vounatsos, who has led the company ...

  Bloomberg When the UK supermarket chains Asda and Morrisons were taken over last year, their private equity buyers took the typical step of piling them with debt. Now, that burden is becoming increasingly heavy as soaring inflation squeezes incomes, shoppers tighten their belts and borrowing costs soar. The UK’s third and fifth-largest supermarkets are facing combined annual interest bills ...

  Bloomberg Alibaba Group Holding Ltd. decided not to disclose full sales results for its signature Singles’ Day shopping festival for the first time, after forecasts that the figure may suffer a decline unprecedented in the event’s 14-year history. Alibaba said in a statement gross merchandise value (GMV) was “in line with last year’s GMV performance despite macro challenges and ...