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Novartis unloads U.S. assets at loss to bargain-hunting Aurobindo

ZURICH/BENGALURU, Sept 6 (Reuters) – New Novartis Chief Executive Vas Narasimhan has further reshaped the Swiss drugmaker, announcing on Thursday he is selling U.S. dermatology and generic pill assets to India’s Aurobindo Pharma Ltd for up to $1 billion. The deal, which comes after price pressure hurt the U.S. pills business, includes some 300 products. …read more […]

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U.S. charges North Korean hacker in Sony, WannaCry cyberattacks

U.S. Justice Department officials said on Thursday they have charged and sanctioned a North Korean man in the 2017 global WannaCry ransomware cyberattack and the 2014 cyberassault on Sony Corp. The charges, part of a strategy by the U.S. government to deter future cyberattacks by naming and shaming the alleged perpetrators, also alleged that the North Korean hacker broke into the central bank of Bangladesh in 2016, according to a criminal complaint. Park Jin Hyok worked as part of a team of hackers, also known as the Lazarus Group, to try to breach multiple other U.S. businesses, according …read more […]

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US STOCKS-Wall Street takes a hit from chip, internet stocks

The tech-heavy Nasdaq saw sharp declines on Thursday as internet stocks faltered for a second day on concerns about increased regulation, while warnings from Micron Technology and KLA Tencor led a slide in chip stocks. Chipmaker Micron sank 9 percent after Chief Financial Officer David Zinsner said prices of NAND chips declined in the third quarter and at least two brokerages said the markets for NAND and DRAM chips were worsening. …read more […]