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Gilead Ramps Up Cancer Focus With $21 Billion Immunomedics Deal

(Bloomberg) — Gilead Sciences Inc. agreed to acquire Immunomedics Inc. for about $21 billion, a substantial premium for the maker of a promising breast-cancer therapy, and another big bet by Gilead that an innovative tumor-fighting drug can boost its fortunes.The proposed $88-a-share deal values Immunomedics at more than twice its closing price of $42.25 on Friday. The New Jersey-based company makes a breast-cancer treatment called Trodelvy that gained approval from the U.S. Food and Drug Administration in April. Since then, its stock has soared on bets that the clearance could make Immunomedics an attractive takeover target.Trodelvy’s approval came after clinical …read more […]

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Saudi Financial Company Chooses BlackBerry UEM and BlackBerry Workspaces for Secure Communications

WATERLOO, ON, Sept. 14, 2020 /CNW/ — BlackBerry Limited (NYSE: BB; TSX: BB) today announced Saudi Financial Lease Contract Registry Company, known by the brand name SIJIL, has selected BlackBerry® Unified Endpoint Manager (UEM) and BlackBerry® Workspaces for its secure communications needs. …read more […]

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Great Panther Publishes Inaugural Sustainability Report

TSX: GPR | NYSE American: GPLVANCOUVER, BC, Sept. 14, 2020 /CNW/ – Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) (“Great Panther” or “the Company”) announces the publication of its first Sustainability Report highlighting the progress, initiatives and commitments in the areas of health, safety, environmental, social, and governance management. …read more […]

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Perelman Nears Scientific Games Stake Sale to Caledonia

(Bloomberg) — Billionaire Ronald Perelman has agreed to sell his stake in Scientific Games Corp. to a group of investors that includes Australian investment firm Caledonia, which plans to overhaul the betting company’s board and strategy.The acquirers are set to pay $28 per share for Perelman’s 34.9% stake in Las Vegas-based Scientific Games, which provides gambling products and services such as slot machines, the company said in a statement on Monday, confirming an earlier Bloomberg News report. That’s a 48% premium to the company’s closing price Friday of $18.97 and values the stake at about $925 million.The group led by …read more […]

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Stock market news live updates: Stock futures rise as vaccine, merger news draw focus; Oracle shares jump

Stock futures paced toward a higher open Monday morning as investors considered positive developments around a coronavirus vaccine candidate, and eyed a flurry of newly announced mergers and acquisitions among major companies. …read more […]

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Dish signs up Nokia to supply 5G core software

U.S. satellite TV provider Dish Network, racing to build a 5G network in the United States by 2023, has turned to Finland’s Nokia to supply 5G core software. Dish is building its network ground up and has so far chosen non-traditional telecoms vendors and a new technology called Open Radio Access Network (RAN) that uses software to run network functions on the cloud, reducing the use of physical equipment. Nokia has distanced itself from other telecoms equipment firms by being a vocal supporter of Open RAN and had earlier partnered with Japan’s Rakuten – the first firm to …read more […]