Xponential Fitness shares jump on reports of takeover bid

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• STAT+: Up and down the ladder: The latest comings and goings

  Biopharmaceutical firm Vir Biotechnology has named David Liu as its new chief medical officer to oversee clinical leadership. Liu steps into the position after previously holding the identical executive role at Nuvation Bio. The appointment was highlighted within an ongoing industry tracking series that monitors key executive transitions.

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• Reliance Retail Q2 Results: Net profit falls 24% YoY to Rs 2,611 crore; gross revenue rises 6%

  Margin compression during the quarter stemmed from heavy digital commerce investments, absorbed cost inflation, and rising finance expenses tied to increased borrowings. A calendar shift pushing key festive events into the subsequent period, combined with higher depreciation from ongoing physical expansion, further weighed on the bottom line. Despite these near-term headwinds, operational volume remained steady as footfalls and engagement translated into positive top-line growth.

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• BP CEO denies breakup discussions

  The top executive clarified that the energy giant is not evaluating a split of its operations, moving swiftly to shut down recent market rumors. By firmly addressing the matter, leadership aims to reassure stakeholders and maintain focus on the firm's integrated corporate structure. The direct dismissal leaves no ambiguity regarding the firm's immediate organizational strategy.

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