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Illumina Nears Deal to Buy Health-Care Startup Grail

September 21, 2020 Editor Comments Off on Illumina Nears Deal to Buy Health-Care Startup Grail

(Bloomberg) — Genetic sequencing giant Illumina Inc. agreed to acquire Grail Inc. in a deal valuing the cancer-detection startup at $8 billion.Grail shareholders will receive $3.5 billion in cash and $4.5 billion in Illumina common stock, the companies said on Monday. Illumina already holds 14.5% of Grail’s outstanding shares, and approximately 12% on a fully diluted basis.Illumina, a giant in the DNA sequencing space, serves as the backbone for consumer genetics tests and is becoming an integral part of pharmaceutical research efforts. Grail, originally founded by Illumina and later spun out as a standalone company, is developing a blood test …read more […]

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‘Schitt’s Creek,’ ‘Watchmen’ and ‘Succession’ Win Emmys 2020

September 21, 2020 Editor Comments Off on ‘Schitt’s Creek,’ ‘Watchmen’ and ‘Succession’ Win Emmys 2020

During a virtual ceremony that was the first major award show of the Covid-19 era, Zendaya became the youngest lead actress winner in a drama for her role in “Euphoria.” Regina King and Jeremy Strong were among the other actors to earn Emmys. Photo: Television Academy/ABC/Associated Press …read more […]

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Musk says record Tesla vehicle deliveries possible in third quarter

September 21, 2020 Editor Comments Off on Musk says record Tesla vehicle deliveries possible in third quarter

Tesla Inc has a chance to deliver a record number of vehicles in the third quarter, the U.S. electric carmaker’s Chief Executive Officer Elon Musk said in an internal email, urging employees to work hard to achieve that goal. The quarter-end rallying cry has become a familiar theme in recent quarters at Tesla, with Musk calling on employees to quickly build and deliver vehicles at the end of the quarter to achieve specific targets. …read more […]

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Supreme Court Fight Galvanizes Final Sprint of Election

September 21, 2020 Editor Comments Off on Supreme Court Fight Galvanizes Final Sprint of Election

Sep.21 — Donald Trump’s plans to name a replacement for Supreme Court Justice Ruth Bader Ginsburg this week offer Joe Biden the chance to galvanize newly energized Democrats, while providing the president a fresh battle in a culture war he’s waged for four years. Early reaction to Ginsburg’s death on Friday suggests Biden stands to gain more politically from the sudden vacancy, as it underscores the stakes of the contest for liberal voters who had been reluctant to endorse his centrist candidacy. Derek Wallbank reports on “Bloomberg Surveillance.” …read more […]