National Business

NEW YORK — Pfizer is spending $6.7 billion to buy a drugmaker that is developing treatments for inflammatory conditions like Chrohn’s disease but has no products on the market.

TORONTO — Shares of Noront Resources Ltd. gained nearly 50 per cent in early trading after Wyloo Metals Pty Ltd. raised its offer for the company in its takeover fight with BHP. Wyloo says it is now offering $1.

MONTREAL — Gildan Activewear Inc. has signed a deal to buy Phoenix Sanford LLC, the parent company of Frontier Yarns, for US$168 million. Frontier is a producer of cotton, polyester and cotton blend yarns.

CALGARY — Suncor Energy Inc. says it expects its production next year to rise about five per cent compared with 2021. The Calgary-based company says it expects production next year to be 750,000 to 790,000 barrels of oil equivalent per day.

NEW YORK (AP) — Despite critical acclaim and two years-worth of anticipation, Steven Spielberg's lavish “West Side Story” revival made little noise at the box office, debuting with $10.

JOHANNESBURG (AP) — South African President Cyril Ramaphosa is receiving treatment for mild COVID-19 symptoms after testing positive for the disease Sunday, his office said.

LONDON (AP) — Prime Minister Boris Johnson warned Sunday that Britain faces a “tidal wave” of infections from the omicron coronavirus variant, and announced a huge increase in booster vaccinations to strengthen defenses against it.

LIVERPOOL, England (AP) — The Group of Seven economic powers told Russia on Sunday to “de-escalate” its military buildup near the Ukrainian border, warning that an invasion would have “massive consequences” and inflict severe economic pain on Moscow.

TORONTO — When delivery requests from British Columbia's Lower Mainland flow into cannabis retailer Dutch Love, a reliable number of them come from customers in the suburbs of Surrey and Richmond.

TORONTO — Damon Motors Inc. likes to refer to its electric motorbikes as groundbreaking, but the company’s manufacturing plans are also bucking a trend among Canadian companies.