PRESS DIGEST- Financial Times - December 23

Reuters10:37
PRESS DIGEST- Financial Times - December 23

Dec 23 (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

- HSBC hires former Citi executive who clashed with Andy Sieg

- Larry Ellison gives $40bn personal backing to Warner Bros Discovery bid

- Nelson Peltz's Trian and General Catalyst lead $7.4bn takeover of Janus Henderson

- Novo Nordisk weight-loss drug wins US approval as a daily pill

Overview

- HSBC HSBA.L has hired former Citigroup C.N executive Ida Liu to head its global private bank, almost a year after she quit the US lender following a clash with its head of wealth, Andy Sieg.

- Oracle ORCL.N co-founder Larry Ellison has agreed to personally backstop the $40 billion equity financing of Paramount's PSKY.O $108 billion hostile bid for Warner Bros DiscoveryWBD.O, in an attempt to resolve doubts about the financing of the offer.

- Nelson Peltz's Trian Fund Management and a group of investors led by General Catalyst have announced they will acquire asset manager Janus Henderson JHG.N in an all-cash deal valuing it at $7.4 billion.

- The U.S. Food and Drug Administration approved a daily pill version of Novo Nordisk's NOVOb.CO Wegovy injection, giving the Danish drugmaker a head start as the first to market in the next big competitive frontier in weight-loss treatments.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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