The Philippines was struck by its strongest earthquake in five decades, killing at least 35 people, displacing tens of thousands and damaging buildings on its southern island of Mindanao.

Roche Holding AG agreed to pay Nurix Therapeutics Inc. as much as $2.3 billion for rights to an experimental blood-cancer drug, betting it can help patients whose disease stops responding to existing treatments.

US life insurers held about $807 billion of the most illiquid kind of fixed-income instruments last year, according to a new study by Moody’s Corp., raising concern about overall liquidity and concentration of assets in the sector.

To the extent I understand anything about New York City real estate, I understand it through the prism of New York Knicks tickets.

Iran’s economy was already under strain before the US and Israel launched their war on the Islamic Republic. Those problems have been compounded by strikes on the country’s civilian and industrial infrastructure and the US naval blockade of Iranian ports.

When Mitesh Parikh, a headhunter at UK recruiter Selby Jennings, started looking for an ILS modeler for a large US hedge fund this year, the pool of qualified candidates was disconcertingly small.