French Finance Ministry says there has been no contact with Eli Lilly (LLY) on Abivax, according to Bloomberg
This headline indicates that the French Finance Ministry has not engaged with Eli Lilly regarding its interest in Abivax, which may dampen investor expectations of a potential acquisition or partnership.
Iran's Foreign Minister and US Special Envoy Witkoff discussed a potential meeting soon, via Axios; potentially holding a meeting in the coming days
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French Finance Ministry says there has been no contact with Eli Lilly (LLY) on Abivax, according to Bloomberg
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Paramount (PSKY) intends to go after a superior USD 30/shr cash offer for Warner Bros Discovery (WBD); plans to nominate directors to for election to WBD board
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The lack of discussions could imply that any strategic movements in this space may face delays or hurdles, and investors may want to adjust their positioning in both Eli Lilly and Abivax accordingly. Watch for market reaction as perceptions surrounding M&A activity can drive significant volatility in these stocks.
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