The EU's European Investment Bank and the Australian government said in a joint statement on Monday they would deepen cooperation on critical raw materials, as Western powers scramble to cut their reliance on China. With the exception of Japan, Group of Seven countries and the EU are heavily or exclusively reliant on China for a range of materials from rare earth magnets to battery metals. Learn More

Johnson & Johnson said on Monday it would buy privately held Halda Therapeutics for $3.05 billion in cash, aiming to expand its presence in treatments targeting solid tumors and prostate cancer. This marks the medtech conglomerate's second major deal this year, after its $14.6 billion acquisition of neurological drug maker Intra-Cellular Therapies in January, reinforcing its push in higher-growth healthcare segments as it navigates the loss of exclusivity for its blockbuste

When Peruvian green energy entrepreneur Luis Zwiebach wanted to buy an electric vehicle in 2019, he flew 4,000 miles to California to test drive Tesla’s Model 3 sedan. But Tesla lacked an official importer and he couldn’t find a way around Peru’s complex vehicle import procedures. He was not deterred. “There was a gentleman who had already imported one and wanted to sell it,” Zwiebach said. “So I went to see it, and I bought it.” Learn More