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UPDATE 1-Novartis nears deal to buy U.S. biotech firm Medicines Co for about $7 bln- WSJ

Swiss drugmaker Novartis AG is nearing an agreement to acquire U.S. biotechnology firm The Medicines Co for about $7 billion, the Wall Street Journal reported https://on.wsj.com/2qveZtj on Saturday. The deal, in which Novartis has agreed to pay $85 a share, could be announced this weekend, the Journal reported, citing people familiar with the matter. Novartis declined to comment. …read more […]

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Business News

U.S. and China can still clinch phase 1 deal by end year: U.S. national security adviser

United States national security adviser Robert O’Brien said on Saturday that a phase 1 trade agreement with China is still possible by the end of the year, while warning that President Donald Trump would not turn a blind eye to what happens in Hong Kong.

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Trading Ideas

Charitable Giving: How to Support the Causes That Resonate With You Most

In a recent survey, 97.8% of Wealthy Retirement readers indicated that they engage in charitable giving.
These readers should feel proud of their efforts. While 77% of American adults believe that everyone can make a difference through charitable giving, only 30% step up and give.
For this reason, while the country grows wealthier, charitable giving has grown only one-third as fast.
Luckily, there are more ways to give now than ever before – and to give of our talents as well as from our wallets.
In our survey, the majority of respondents (92.9% and 79%, respectively) indicated that their giving includes direct financial or …read more […]

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Jet industry's grand masters fight to a draw in Dubai

After insisting for 15 years that the superjumbo is the future, Emirates airline has been forced by the demise of the A380 to embrace smaller wide-body jets, resulting in a flurry of manoeuvres between planemakers at this week’s Dubai Airshow. The 555-seat A380 is near the end of production, setting off a series of interlocking deals as top buyer Emirates reviews its fleet against the backdrop of fragmenting travel demand. Delays in the 406-seat Boeing 777X also weighed in the shake-up. …read more […]