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Business News Today: Latest Business News, Finance News

S&P 500 is set for longest weekly rally since 2023: Markets Wrap SpaceX’s money-losing rockets are biggest asset in AI dream India conducts successful test-launch of Agni-1 short range ballistic missile Oil swings with market focused on US-Iran peace prospects New USCIS policy could force H-1Bs seeking Green Cards to apply from home countries How climate-resilient agriculture, sustainable farming are emerging as key investment focus within India’s agtech ecosystem Strait of Hormuz shutdown turns into a global food crisis Insulating PACS from NPAs: The case for health-linked credit scorecards Beyond area expansion: Why oil palm productivity will decide India’s edible oil future Casagrand launches two residential communities in Chennai One more hike: Petrol prices by ₹0.87, diesel by ₹0.91 a litre Green SM’s cyan EV fleet, ₹35,000 driver guarantee signal Vingroup’s big India bet Marco Rubio begins India visit in Kolkata ahead of Quad and energy talks Trump 'seriously considering' new strikes on Iran: Report India fuel prices rise for third time this month as petrol and diesel get costlier again Emirates NBD to launch open offer for 26% stake in RBL Bank from June 1 RBI approves extension of ICICI Bank CEO Sandeep Bakhshi’s tenure until 2028 Trump to miss son Don Jr.’s wedding due to government duties West Bengal to implement PM Vishwakarma scheme after BJP government approval India rolls out measures at JNPA to ease cargo movement amid West Asia crisis SBI branches to remain open as staff union postpones May 25-26 strike Gujarat, Tamil Nadu to get new technical facilities for space sector manufacturing US Green card applications only from home country: USCIS Tulsi Gabbard resigns as Trump intelligence chief, cites husband’s cancer diagnosis Sun Pharma Q4 net profit up 26 per cent Agri gold loans witnessing 40% growth as more farmers look to take advantage Stolen identities fuel cyberattacks Net FDI rises in FY26 on higher gross inflows; portfolio investment flows weaken India’s solar hour peak power demand tops 267 GW on Friday Colgate pivots to premium oral care and digital execution for next growth phase MDL evaluating mega shipyard in Maharashtra, says chairman Bengaluru-Bidar, Kalaburagi flights to resume from June; Ktaka extends ₹28.47 crore support ‘Global uncertainty slows overseas remittances under LRS in FY26’: RBI bulletin SEBI bars seven family members in social media stock recommendation case, alleges ₹20.25-cr illegal gains Page industries report strong top line growth as revenue from operations and sales volume increase Swelect Energy Q4 PAT at ₹11 crore, net profit jumps to ₹57 crore MF investors bet on index funds in volatile times Editorial. Power equation India’s solar hour peak power demand tops 267 GW on Friday Venezuelan President Rodriguez unlikely to visit India next week, say sources Hindalco Q4 net halves on one-time expense of ₹4,171 cr at Novelis Eicher Motors Q4 net profit jumps to ₹1,520 crore TTK Prestige FY26 net profit jumps 45% on strong demand, product push Ramco Systems net profit jumps 5 times in Q4 Aurobindo Pharma to expand manufacture of generic formulations in France ‘Honda to launch 10 new cars by 2030, 6 this year’ Wipro fixes June 5 record date for biggest-ever ₹15,000-crore buyback India, Cyprus sign six agreements to strengthen ties across mobility, innovation, education TenderCuts to bank on physical stores for expansion, eyes 100% revenue growth in FY27 SAMHI Hotels posts record PAT of ₹5,665 million in FY26, stock gains 2.3% on results day Pocket ‘Must rise above party politics’: Kamal Haasan calls for national summit to tackle energy crisis Food Processing Ministry will seek continuation of PMFME scheme India’s official wheat procurement near target, up 13% from a year ago India blocks China’s request for WTO dispute panel on IT, solar Broker’s call: Indiqube Spaces (Buy) Letters to the Editor dated May 22, 2026 Ladakh groups, centre reach in-principle understanding on democratic framework Colgate Q4 sales rise 9% on premium push; Weather-induced school closures hurt the poor Deepa Jewellers gets SEBI nod for IPO Recent FTAs could erode our policy space MDL evaluating mega shipyard in Maharashtra, says chairman Bengaluru-Bidar, Kalaburagi flights to resume from June; Ktaka extends ₹28.47 crore support RBI slaps ₹10.10 lakh penalty on City Union Bank, 2 more entities SingHealth Receives International Awards for Healthy Ageing and Population Health Initiatives Yamaha Music India Announces the 7th Edition of Teens Rock 2026 - The Battle of Bands, Powered by Trinity College London STL’s subsidiary announces supply agreement valued over $1Bn with a Hyperscaler for AI-Ready Data Center build-outs Tamil Nadu government effects fresh IAS reshuffle Swiggy’s IOCC push hits hurdle as shareholders reject board proposals amid rising losses S Chand posts 11% revenue growth in FY26, declares dividend amid new curriculum tailwind India-US trade ties hold "ample scope" but also face constraints: Parliamentary Committee on Commerce Chief Adani Group’s worst may be over as legal overhang eases: Bernstein A guide to creating businesses without VC money Employers paycheck: From workforce to wealth creators AP to rope in a global major as an anchor investor for ₹29,000-cr Dugarajapatnam mega shipbuilding cluster soon Broker’s call: Apollo Hospitals (Long) Sweating for every rupee: Delhi heatwave tests gig workers’ breaking point A fan’s account of a cricket tour H-1B registrations down in FY27; more approvals for higher degrees, salaries RBI surplus transfer may offer only a limited fiscal cushion amid West Asia pressures, say economists Chennai Port-Maduravoyal elevated corridor set for November 2027 launch 3M India sees Q4 net profit grow 201% at ₹215 cr as company records double-digit growth in all segments Industry status gives Ladakh hotels long-sought relief from high costs 70–120 start-ups expected to go public by 2030, says Aon report Smartphone volumes may dip 5-7% in FY27; industry value to grow 8-10% amid higher device costs: ICEA The Latest Fixed Deposit Interest Rates: May 22, 2026 The Latest Home Loan Interest Rates: May 22, 2026 Athulya Senior Care set to launch its own geriatric care hospital, charts expansion plans Good Food Institute of India report seeks focus on underutilised crop varieties CCI Projects offloads 60% of Skyleap project inventory in six months Retailers witnessed stable demand trends in April but cost pressures loom large: RAI Nearly 45% of organisations cite AI skills as largest workforce constraint; 54% cite moderate to low urgency on AI investment: Report Torrent Pharma reports 26% decline in net profit Repco Home Finance Q4 net profit rises to ₹129 crore driven by disbursements WorkEZ targets 35,000 seats as flex workspace demand rises Private banks steer indices higher; rupee rallies for second day as Iran tensions cool SEBI allows temporary work-from-home for eight weeks amid energy conservation push Electronics Mart India posts 49% PAT jump in Q4, EBITDA climbs 20% Labour shortage, price crash prompt pineapple growers to suggest pause on new crop
Ebola outbreak in Congo is spreading rapidly: WHO
2026-05-23 · via Business News Today: Latest Business News, Finance News
FILE PHOTO: Two children of an American Ebola patient look through a window at their father in the isolation ward at the Charite hospital in Berlin, Germany, May 21, 2026.   Charite/Handout via REUTERS

FILE PHOTO: Two children of an American Ebola patient look through a window at their father in the isolation ward at the Charite hospital in Berlin, Germany, May 21, 2026. Charite/Handout via REUTERS | Photo Credit: Charite

The Ebola outbreak in central Africa is spreading rapidly, the World Health Organization said, complicating efforts to contain a rare virus strain for which no approved treatment or vaccine exists.

The agency upgraded its risk assessment to “very high” in the Democratic Republic of Congo, where there are now almost 750 suspected cases and 177 deaths from the disease. Two cases, including one death, were also confirmed in neighboring Uganda after they traveled from the DRC.

The outbreak is caused by the rare Bundibugyo strain. There is no specific vaccine, and the mortality rate is as high as 50 per cent. It appears to have circulated through eastern Congo’s Ituri province, a conflict-hit mining region, for about two months before authorities recognized what they were dealing with.

The outbreak is “especially challenging,” WHO Director-General Tedros Adhanom Ghebreyesus told reporters Friday, citing the fighting, displacement of people and the transient population of miners. “There is significant distrust of outside authorities among the local population.”

Tedros this month took the unprecedented step of declaring a global public health emergency before convening the WHO’s emergency committee, due to the speed and scale of the outbreak.

Governments across the world are tightening border screening and quarantine preparedness as health authorities work to contain the outbreak. An India-Africa summit due to begin in New Delhi at the end of May was postponed indefinitely.

Uganda has effectively closed its border with the DRC, suspending flights to and from the country as well as all public transport except those moving goods and food. It also stopped weekly bazaars in high-risk regions where communities often cross the porous border to trade and shop for essentials.

In the DRC, contract-tracing has expanded to 1,400 people, said Anne Ancia, the WHO’s representative in the country. Case numbers are expected to rise, she added, reflecting the outbreak response becoming more established.

“We are running behind, we are not yet under control,” she said.

Africa Centres for Disease Control and Prevention Director General Jean Kaseya said in an interview that pledged funding isn’t reaching the front-line health workers. 

“Where is this money?” he asked, citing a lack of personal, protective equipment, medicines and treatment centers. “Why is this money is not in the field?”

Treatments

The agency is looking at running clinical trials for potential treatments as part of the response. WHO advisers prioritized two antibody therapies made by Regeneron Pharmaceuticals Inc. and Mapp Biopharmaceutical Inc. 

The WHO is also considering trials for two antivirals made by Gilead Sciences Inc., obeldesivir and remdesivir, as post-exposure treatment for high-risk contacts. The timing depends on governments in affected countries.

A WHO technical advisory group met Tuesday to discuss which potential vaccines should be prioritized. Two vaccines for Ebola were developed during a years-long outbreak in West Africa a decade ago, one from Merck & Co. and another from Johnson & Johnson. However, both were designed to block the more common and deadly Zaire strain of the virus.

The agency is reviewing potential vaccine candidates, though no full prioritization has been completed, said Sylvie Briand, the WHO’s chief scientist. Merck’s Ervebo vaccine developed for the Zaire strain has not been recommended as a primary choice due to “very little evidence” it provides cross-protection against the Bundibugyo strain, she said.

Briand said a more promising candidate is an rVSV vaccine similar to the Ervebo shot, but designed for the Bundibugyo strain. However, no doses are currently available for clinical trials, and it could take six to nine months to prepare supplies if development is prioritized.

Bundibugyo virus was first identified in Uganda in 2007 after health officials struggled for five months to understand why patients with Ebola-like symptoms were testing negative for known strains.

More stories like this are available on bloomberg.com

Published on May 23, 2026