Aug 8 (Reuters) – Pfizer Inc on Monday agreed to pay $5.4 billion in cash for sickle cell disease drugmaker Global Blood Therapeutics (GBT.O), as it looks to capitalize on a surge in revenue from its COVID-19 vaccine and treatment.Pfizer will pay $68.50 per GBT share, which represents a 7.3% premium to its Friday closing …
Flush with cash, Pfizer buys Global Blood Therapeutics in $5.4 bln deal Read More »
Aug 5 (Reuters) – Amazon.com Inc (AMZN.O) will acquire iRobot Corp (IRBT.O), maker of robotic vacuum cleaner Roomba, in an all-cash deal for about $1.7 billion, in the latest push by the world’s largest online retailer to expand its stable of smart home devices.Amazon will pay $61 per share, valuing iRobot at a premium of …
Amazon’s connected device cart grows with $1.7 billion deal for Roomba maker Read More »
Aug 4 (Reuters) – Tesla Inc (TSLA.O) shareholders voted in line with board recommendations on most issues at the company’s annual meeting on Thursday, reelecting directors, approving a stock split and rejecting a number of proposals focused on environment and governance.Votes on three of 13 proposals did not follow board recommendations, according to preliminary tallies …
Tesla shareholders broadly follow board recommendations at annual meeting Read More »
WASHINGTON, Aug 1 (Reuters) – The U.S. Justice Department asked a federal judge on Monday to block a $2.2 billion merger of two of the “Big Five” book publishers, Penguin Random House and Simon & Schuster, in a trial that is expected to feature testimony from horror writer Stephen King.”It’s real money for real people,” …
Stephen King going to bat for U.S. gov’t in case against book publishing mega-merger Read More »
WASHINGTON, July 27 (Reuters) – The U.S. Justice Department has opened a criminal investigation into Cassava Sciences Inc (SAVA.O) involving whether the biotech company manipulated research results for its experimental Alzheimer’s drug, two people familiar with the inquiry said.The Justice Department personnel conducting the investigation into Austin, Texas-based Cassava specialize in examining whether companies or …
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022. REUTERS/Brendan McDermidRegister now for FREE unlimited access to Reuters.comRegisterWalmart cuts profit forecast; news hits retailersMcDonald’s up as sales, profit top estimatesCoca-Cola up on forecast raiseIndexes down: Dow 0.8%, S&P 500 1.3%, Nasdaq 2%NEW YORK, July …
Indexes drop after Walmart profit warning; Nasdaq down 2% Read More »
BEIJING, July 25 (Reuters) – China on Monday gave conditional approval to domestic firm Genuine Biotech’s Azvudine pill to treat certain adult patients with COVID-19, adding another oral treatment option against the coronavirus.The availability of effective COVID vaccines and treatments is crucial in laying the groundwork for China’s potential pivoting from its “dynamic COVID zero” …
China approves Genuine Biotech’s HIV drug for COVID patients Read More »
July 21 (Reuters) – Amazon.com Inc (AMZN.O) on Thursday agreed to buy primary care provider One Medical (ONEM.O) for $3.49 billion, expanding the e-commerce giant’s virtual healthcare and adding brick-and-mortar doctors’ offices for the first time.The all-cash deal would combine two relatively small players as Amazon continues a years-long march into U.S. healthcare, seeking to …
Amazon strikes $3.5 bln deal for One Medical in long march into U.S. healthcare Read More »
A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. REUTERS/Carlo AllegriRegister now for FREE unlimited access to Reuters.comRegisterBoeing rises on deal to sell jets to 777 PartnersJohnson & Johnson and IBM fall on dollar impact warningHasbro and Halliburton rise after profit beatIndexes up: S&P …
July 9 (Reuters) – Abbott Laboratories (ABT.N) has reopened its Sturgis, Michigan baby formula plant, which was shut last month due to heavy rains, a company spokesperson told Reuters on Saturday.Abbott resumed operations on July 1 and has started producing specialty baby formula EleCare.The company which has been at the center of a baby formula …
Abbott says it has reopened Michigan baby formula plant Read More »