Business and Financial News



ABB is in talks with Japan's Hitachi about the Swiss engineering group's power grid business, which it may sell to focus on more profitable divisions.

* Changes legally binding late 2019, following consultation (Adds more detail, reaction from Willis Towers Watson and Mercer, bullet points)

U.S. drugmaker Eli Lilly & Co and AC Immune SA have agreed to jointly develop the Swiss biotech's potential treatment for Alzheimer's disease.

Mallinckrodt Plc said on Wednesday the U.S. Food and Drug Administration declined to approve an abuse-deterrent version of its opioid painkiller Roxicodone.

With the caveat that stock futures bear little if any relevance to where the U.S. market ends the day, they are once again pointing to another opening Wall Street rally.

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