Press Digest: Financial Times - Aug. 4

Telesis Bio

04/08/2021 02:05

Aug 4 (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
    - UK weighs national security concerns over Nvidia's $40bn
move for Arm https://on.ft.com/3xl4s04
    - Sweaty Betty sold for $410 million as pandemic propels
'athleisure' further https://on.ft.com/3rT15MB
    - Credit Suisse to face 'tuna bonds' trial https://on.ft.com/37pzUzr
    - Sanofi to buy partner Translate Bio for 3.2 billion in
mRNA push https://on.ft.com/3il0lN2
    
    Overview
    - The future of Nvidia's planned $40 billion takeover of
Arm, the British chip designer, is being considered by Prime
Minister Boris Johnson's government as UK ministers take an
increasingly active interest in such deals. 
    - Sweaty Betty, the British womenswear company, has been
sold to a U.S. based shoemaker Wolverine World Wide that aims to
take the upmarket brand into footwear. 
    - Credit Suisse will face a trial over its role in
Mozambique's $2 billion "tuna bonds" scandal, a fresh blow as
the bank struggles to shake off a succession of crises that have
plagued the group in recent years. 
    - French pharmaceutical group Sanofi SA  SASY.PA  will
acquire its partner Translate Bio  TBIO.O  for $3.2 billion, as
it makes a big bet on the future of messenger RNA as a
transformative technology for vaccines and therapeutics. 

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