Mohammed Shamsi

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Articles

Blackstone deepens CRE bet with $2 billion loan purchase from Atlantic Union

2 days ago | today.westlaw.com | Shinjini Ganguli |Niket Nishant |Mohammed Shamsi

(Reuters) -Alternative asset manager Blackstone has bought nearly $2 billion worth of commercial real estate loans from regional lender Atlantic Union Bankshares, further extending its aggressive push into the CRE sector. The loans were bought at a...
Muscle-preserving drugs could generate over $30 billion in sales by 2035, TD Cowen says

1 week ago | today.westlaw.com | Bhanvi Satija |Mohammed Shamsi

(Reuters) -Treatments designed to help patients preserve muscle while losing weight with popular obesity drugs by Eli Lilly and Novo Nordisk could generate more than $30 billion in sales by 2035, analysts at TD Cowen said on Friday.
Coastal insurer Slide, investors raise $408 million in US IPO

1 week ago | today.westlaw.com | Niket Nishant |Arasu Kannagi Basil |Mohammed Shamsi

(Reuters) -Slide Insurance and some of its existing shareholders raised $408 million in an upsized initial public offering, the coastal specialty insurer said on Tuesday, signaling strong investor demand in a buoyant market for new listings.
Mark Cuban's Cost Plus partners with telehealth firm to offer employers obesity care drugs

1 week ago | today.westlaw.com | Puyaan Singh |Mohammed Shamsi

(Reuters) -Telehealth firm 9amHealth has partnered with billionaire entrepreneur Mark Cuban's Cost Plus Drug Company to offer U.S. employers cheaper obesity treatment options, the companies said on Tuesday.
US FDA launches AI tool to reduce time taken for scientific reviews

3 weeks ago | today.westlaw.com | Puyaan Singh |Mohammed Shamsi

(Reuters) -The U.S. Food and Drug Administration said on Monday that it had launched a generative AI tool, Elsa, aimed at improving efficiency across its operations, including scientific reviews. "Today's rollout of Elsa is ahead of schedule and under...
Southern California Edison submits $6.2 billion wildfire mitigation plan to regulator

1 month ago | today.westlaw.com | POOJA MENON |Arun Koyyur |Mohammed Shamsi

(Reuters) -Southern California Edison (SCE), a unit of utility Edison International, said on Friday it had submitted a three-year wildfire mitigation plan to California's Office of Energy Infrastructure Safety. The plan builds on efforts to address...
Perplexity, PayPal Partner to Provide Easy Payment Checkouts to Users

1 month ago | gurutrade.com | Juby Babu |Mohammed Shamsi

May 14 (Reuters) - Perplexity AI said on Wednesday it had partnered with payments firm PayPal to enable direct purchases within its chat interface. The deal will strengthen Perplexity's agentic commerce offering, a rapidly growing trend where AI agents not only help consumers with shopping but also handle transactions for them.
APA to sell New Mexico assets for $608 million after quarterly profit beat

1 month ago | today.westlaw.com | Mohammed Shamsi |Arunima Kumar

(Reuters) -APA Corp said on Wednesday that it would sell its New Mexico Permian assets for $608 million as part of an effort to streamline operations and focus on core areas, after it beat Wall Street estimates for first-quarter profit.
Nomura to buy Macquarie's US, European asset management units for $1.8 billion

2 months ago | today.westlaw.com | Anton Bridge |Aurora Ellis |Mohammed Shamsi |Roushni Nair

(Reuters) -Nomura is acquiring Macquarie Group's U.S. and European public asset management businesses for $1.8 billion, marking the Japanese investment bank's most ambitious expansion abroad since its failed purchase of Lehman Brothers' assets....
US FDA limits industry employees from roles in its advisory committees

2 months ago | today.westlaw.com | Patrick Wingrove |Mohammed Shamsi |Savyata Mishra |Kamal Choudhury

(Reuters) -U.S. Food and Drug Administration Commissioner Martin Makary announced on Thursday a policy to limit employees of companies regulated by the agency, such as pharmaceutical firms, from serving as official members on FDA's advisory...