Bloomberg Makers of vaccines and other coronavirus treatments dropped in Asia after Merck & Co. said its experimental pill cuts the risk of hospitalization and death from Covid-19 in half. The declines followed a slump in shares of BioNTech SE and Moderna Inc. in New York after Merck delivered the news on its drug, which is seen by some as ...

Bloomberg China Evergrande Group and its property-services arm were halted in Hong Kong stock trading amid a report that the developer agreed to sell a controlling stake in the unit to raise much-needed cash. Trading of Evergrande was suspended pending an announcement on a “major transaction,” the developer said in a stock exchange filing. Evergrande Property Services Group said it ...

Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) on Sunday listed Adnoc Drilling Company on the Abu Dhabi Securities Exchange (ADX). This initial public offering (IPO) will raise over $1.1 billion, making the Adnoc Drilling IPO the largest-ever ADX listing to date and will also be the first issuance on the newly inaugurated ADX premises. This important milestone will ...