Press Digest: Financial Times - July 3

Hipgnosis Songs Fund

03/07/2024 02:07

July 3 (Reuters) - The following are the top stories in
the Financial Times. Reuters has not verified these stories and
does not vouch for their accuracy.
    
    Headlines
    
    - Hipgnosis founder Merck Mercuriadis to step down after
Blackstone deal
    
    - UK port owners warn infrastructure improvement delays
threaten renewables shift
    
    - Moderna secures partial victory in Covid vaccine legal
fight
    
    - Water companies face legal challenges after landmark UK
pollution ruling
    
    Overview
    
    - Hipgnosis Song Management said its founder Merck
Mercuriadis would step down as its chairman once the proposed
acquisition of music investor Hipgnosis Songs Fund  SONG.L  by a
firm owned by Blackstone-managed funds gets completed.
    
    - The UK's transition to renewable energy risks being held
back by the lack of progress in infrastructure improvements due
to the marine environment regulator's "unreasonable delays" in
approvals, port leaders have warned.
    
    - Moderna  MRNA.O  has secured a partial victory in its
intellectual property battle with Pfizer  PFE.N  and BioNTech
 22UAy.DE  over the development of Covid-19 vaccines, after a
London court found one of the US company's patents had been
infringed.

    - Water companies could face a series of legal challenges
after a landmark judgment from the Supreme Court ruled that
private landowners and individuals can seek redress for sewage
released into UK waterways.

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))