UK company Shire Pharmaceuticals has said that its proposed $3.5bn (€3.9bn) merger with Canadian firm BioChem will be delayed.

A review period for the merger ends on March 31, but the Canadian minister of industry said that he would not be able to reach a conclusion by that time. Merrill Lynch is financial adviser to BioChem as well as being joint broker to Shire. Deutsche Bank and Bear Stearns are advising Shire.

News in brief: Shire's Canadian merger delayed

Deutsche Bank

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JPMorgan AM ups headcount 20% in European ETF push

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CDPQ hires Sharon White to lead push in Europe

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Former chair of the John Lewis Partnership is joining the Canadian pension fund giant early next year

One of the top investors in Adani Group launched an on-market share buyback to protect its share price against the contagion from a U.S. investigation into the Indian conglomerate.

GQG Launches Buyback After Stock Tumbles on Adani Probe

The president-elect floated the idea during a Wednesday meeting with the former Fed governor.

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The U.S. auditing watchdog voted to require certain audit firms to disclose eight new metrics ranging from auditor turnover to partner involvement and restatement history.

Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator

The AI titan will maintain its strong lead, but complicated product rollouts, sky-high expectations and the China threat add complications to growth potential.

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Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade

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