Why it matters: The deal builds on a similar deal with Novartis, and follows the success of lecanemab, the Alzheimer’s drug originally developed by the Stockholm-based biotech, now known as Leqembi and marketed by Eisai and Biogen.

New market data from the Good Food Institute (GFI) shows a split performance for plant-based foods in US foodservice during 2025, with milk and creamer gaining share while meat analogs, eggs, and cheese lost ground.

 Fertiglobe, the world’s largest seaborne exporter of urea and net ammonia combined, the largest nitrogen fertilizer producer in the Middle East and North Africa region, and ADNOC’s low-carbon ammonia platform, has signed an asset sale and purchase agreement to acquire the distribution assets of Wengfu Australia Pty Ltd. (“Wengfu”), a leading  fertilizer distribution business. The purchase price will be based on the net asset value, consisting of fully recoverable net working capital and liquid inventory, plus a premium of ~US$8 million. The transaction is expected to be earnings per share accretive. 

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