Business News
Uber lays off 400 employees in marketing team
Ride-hailing company Uber Technologies Inc said on Monday it laid off 400 people globally from its marketing team.
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Business News
Germany’s Bayer dealt new legal blow as more Brazil farmers challenge soy patent
Germany’s Bayer AG , which completed the takeover of U.S.-based Monsanto last year, has been dealt a legal blow in Brazil as more farmers joined a lawsuit challenging the protection of a key soy seed patent.
Business News
Citi combines its stock trading and prime brokerage business
Citigroup is combining its stock trading business with its prime brokerage unit, which caters to hedge funds, private equity firms and other investors.
Business News
Exclusive: India’s SBI tightens lending terms for auto dealers – source, internal memo
State Bank of India (SBI) has tightened lending terms dramatically for auto dealerships, according to a source and an internal memo seen by Reuters, seeking to reduce its exposure to risk from a sector in the midst of a sharp downturn.
Business News
Brexit worries knock sterling; stocks slip
The British pound touched its lowest against the dollar in over two years after Prime Minister Boris Johnson said a hard divorce from the EU was in the cards, while stocks dipped globally on Monday after last week hitting their highest in five months.
Business News
Activist investor Cat Rock calls Just Eat, Takeaway.com deal ‘excellent news’
Investment firm Cat Rock on Monday lauded Amsterdam-based Takeaway.com’s deal to buy Just Eat in an 8.2 billion pound ($10.05 billion) deal to create one of the world’s largest online food delivery firms.
Business News
Takeaway.com lands $10 billion Just Eat deal in food delivery race
Amsterdam-based Takeaway.com has agreed to buy Just Eat in an 8.2 billion pound ($10.1 billion) deal to create the world’s largest online food delivery firm outside China in a race to rule the $100 billion market.
Healthcare
CytoDyn (OTC: CYDY) Executes Exclusive Worldwide Licensing Agreement with IncellDX for PA-14 and PRO 140 for Diagnostic Testing Purposes
Agreement represents a revenue opportunity as a diagnostic test for receptor occupancy and the existence of CCR5 on cancer tissue and in HIV VANCOUVER, Washington, Jul 26, 2019 — CytoDyn Inc. (otc.qb:CYDY), (“CytoDyn” or the […]
Business News
Wall Street mixed as Amazon, Facebook weigh
A fall in shares of Amazon and Facebook pulled the S&P 500 and Nasdaq indexes lower on Monday as investors looked ahead to major tech earnings including that of Apple to assess the impact of U.S.-China trade tensions.
Healthcare
CytoDyn (OTC: CYDY) Finalizes Development of Receptor Occupancy Test to Guide Pivotal Monotherapy Discussions With the FDA
VANCOUVER, Washington, Jul 25, 2019– – FDA face-to-face meeting granted to discuss pivotal monotherapy trial – Conference call for investors and media on Tuesday, July 30, 2019 at 4:00 p.m. ET with introduction to Dr. […]
Business News
Pfizer to spinoff, merge off-patent drugs unit with Mylan
Pfizer Inc has agreed to spin off its off-patent branded drugs business and combine it with generic drugmaker Mylan NV , a move that leaves Pfizer with its more profitable innovative drugs, including cancer treatment Ibrance and pneumonia vaccine Prevnar.
Business News
Pfizer in talks to transition EpiPen maker into generics spinoff: spokeswoman
Pfizer Inc is in talks to merge its contract manufacturer that produces Mylan’s EpiPen emergency allergy treatment into the new generics business it is creating by combining its older off-patent medicines unit with Mylan NV , a Pfizer spokeswoman said.
Business News
Wall Street eases from record highs as tech drags; Fed meeting eyed
U.S. stocks retreated from record highs on Monday, weighed by technology shares ahead of high profile earnings including that of Apple, which will test the impact of trade tensions on global growth, ahead of the Federal Reserve’s policy-setting meeting.
Business News
Pfizer in talks to transition EpiPen manufacturing into generics spinoff
Pfizer Inc is in talks to merge its contract manufacturer that produces Mylan’s EpiPen emergency allergy treatment into the new generics business it has created by combining its older off-patent medicines unit with generic drugmaker Mylan NV , a Pfizer spokeswoman said.
Business News
Sterling tumbles on hard Brexit worries; stocks slip
The British pound on Monday touched its lowest against the dollar since early 2017 after Prime Minister Boris Johnson’s government said it now assumed there would be a hard divorce from the EU, while stocks dipped globally after last week touching their highest in five months.