US activist investor Jeff Ubben has called for Bayer to hire a new chief executive from outside its management ranks as his investment fund on Monday announced a stake in the German pharmaceuticals and crop science conglomerate. Bayer has suffered from litigation over its weedkiller…

US stocks erased earlier gains after two Federal Reserve members said they expected the policy rate to surpass 5 per cent in 2023, curbing investors’ hopes for less restrictive monetary policy.Wall Street’s blue-chip S&P 500, which had been up as much as 1.4 per cent…

The British government is slashing the support it gives companies with their energy bills, but extending it for another year from April at a cost of £5.5bn, ministers announced on Monday.The new package will ensure that all companies receive discounts on their electricity and gas…

Health leaders on Monday welcomed a promise by the UK government to spend up to £250mn to speed up the discharge of hospital patients, easing pressure on the country’s struggling NHS, but questioned how much impact funding could have so far into the winter.Senior medics…

WWE has paradoxically pinned itself to the mat. Late last week, the US company that produces professional wrestling events said that its founder and former chief executive, Vince McMahon, would return to the company’s board.McMahon left the company last year amid scandal. A WWE board…

The US Supreme Court heard oral arguments over the scope of so-called attorney-client privilege on Monday, as the centuries-old principle faces a challenge that campaigners claim could upend the legal profession.The case was brought to the high court by an unnamed law firm, after an…