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Takeda says cancer drug Alunbrig shows longer benefit vs crizotinib

Japan’s biggest drugmaker, Takeda Pharmaceutical Co Ltd, said long-term data show better outcomes for its Alunbrig drug in certain lung cancer patients compared to an existing treatment. Oncology is a pillar for Takeda as it refocuses on core businesses following last year’s $59 billion takeover of Britain’s Shire. The announcement followed a week of investor conferences at home and in the United States intended to show that its drug pipeline is robust enough to fuel continued growth. …read more […]

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Alibaba’s Hong Kong Listing Attracts 200,000 Retail Buyers

(Bloomberg) — Alibaba Group Holding Ltd. has attracted about 200,000 investors to apply for the retail portion of its Hong Kong share sale, Hong Kong Economic Times reported, citing unidentified sources.It would make Alibaba the most popular listing of the year by the number of subscribers, the paper said, while adding that the number of retail buyers is less than that of Ping An Healthcare and Technology Company Ltd. and China Literature Ltd. during their initial public offerings.Alibaba Group’s Hong Kong listing retail portion was more than 40 times oversubscribed, Hong Kong Economic Journal reported earlier, without saying where it …read more […]

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Mocked Tesla Cybertruck May Be Brilliant, Car Designer Says

(Bloomberg) — When Raphael Zammit saw Tesla Inc.’s Cybertruck pull onto the stage late Thursday, his initial reaction was a mix of shock and horror.Zammit, who is chair of the graduate program in transportation design at the College for Creative Studies in Detroit, said his smartphone started blowing up with texts from auto designer friends expressing similar sentiments. But after a few minutes, Zammit, who has worked as a senior designer for General Motors Co., Hyundai Motor Co., and Volkswagen AG, started to see the truck through a different lens.“It appears at first glance to be so naïve,” said Zammit. …read more […]

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UPDATE 1-Amazon files lawsuit contesting Pentagon's $10 bln cloud contract to Microsoft

Amazon.com Inc on Friday filed a lawsuit in the U.S. Court of Federal Claims contesting the Pentagon’s award of an up to $10 billion cloud computing contract to Microsoft Corp. An Amazon spokesman said that the company filed a complaint and supplemental motion for discovery. “The Complaint and related filings contain source selection sensitive information, as well as AWS’s proprietary information, trade secrets, and confidential financial information, the public release of which would cause either party severe competitive harm,” Amazon said in a court document seeking a protective order. …read more […]

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Amazon files lawsuit contesting Pentagon's $10 billion cloud contract to Microsoft

An Amazon spokesman said that the company filed a complaint and supplemental motion for discovery. “The Complaint and related filings contain source selection sensitive information, as well as AWS’s proprietary information, trade secrets, and confidential financial information, the public release of which would cause either party severe competitive harm,” Amazon said in a court document seeking a protective order. Last week, U.S. Defense Secretary Mark Esper rejected any suggestion of bias in the Pentagon’s decision to award Microsoft the contract after Amazon announced plans to challenge it. …read more […]

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Canadian official’s critique of 737 MAX software reflects ‘working-level’ view: regulator

An email sent by a Transport Canada official urging Boeing to remove an anti-stall system involved in two 737 MAX crashes reflects “working-level discussions” and were not reviewed by the Canadian regulator, the agency said on Friday.

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UPDATE 1-Canadian official's critique of 737 MAX software reflects 'working-level' view – regulator

MONTREAL/WASHINGTON, Nov 22 (Reuters) – An email sent by a Transport Canada official urging Boeing to remove an anti-stall system involved in two 737 MAX crashes reflects “working-level discussions” and were not reviewed by the Canadian regulator, the agency said on Friday. The email was sent to the Federal Aviation Administration (FAA), the European Union Aviation Safety Agency (EASA) and Brazil’s National Civil Aviation Agency, the New York Times said. …read more […]