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Pfizer in talks to buy sickle-cell drug maker for about $5 billion
... Potential buyers were not naming themselves, according to Bloomberg earlier this week. The shares rose on the news, adding to earlier gains since the spring. They closed Thursday at $47.99, giving GBT a market value of just over $3 billion. GBT, of South San Francisco, was founded in 2011. A drug already on sale for the treatment of sickle-cell disease and two in development that have positive results in preliminary studies would be purchased by buying the company to add to Pfizer 's presence in rare diseases....
Updated: 08/05/2022
Russian businessman extradited to US after French extradition
... laundering billions of dollars has been handed over to American custody by Greece, days after Athens secured his extradition from France. Aleksandr Vinnik 's family said on Friday that he had been taken overnight on a private jet to Boston and then moved to San Francisco after making a phone call to them. The family was cited by the RIA Novosti news agency as saying it was like an abduction. The French authorities allowed Greece to take custody of Vinnik earlier in the week. His French lawyer, Frederic Belo ...
Updated: 08/05/2022
Facebook parent company To delay deal with Supernatural maker Within
... for virtual reality, has agreed to delay its deal with Within Unlimited , maker of the popular fitness app Supernatural. The federal Trade Commission had filed a lawsuit seeking to stop the deal in July, and they had asked a judge in federal court in San Francisco for a temporary restraining order stopping the companies from closing the deal. Meta agreed not to close until 11: 59 p.m. on December 31 or until the first business day after the judge decides whether or not the case will go forward, according ...
Updated: 08/05/2022
Barilaro’s former chief of staff tells inquiry
... hearings, according to the acting managing director of Investment NSW Kylie Bell . She told MPs that there were currently four people working in the NSW government's New York trade office, earning a total of $900,000 in salaries. There are two staff in San Francisco and one in Washington who are employed through Austrade. Labor has said it will scrap the international trade roles, but questions have been raised by the revelations in recent weeks about whether they are delivering value for money for taxpayers....
Updated: 08/05/2022
Jury in US court ponders fate of Twitter employee accused of taking bribes
San FRancISCO - Jurors in a San Francisco court on Thursday pondered the fate of a former Twitter employee accused of taking bribes from Saudi Arabia to help unmask its critics on the platform. SAN FRANCISCO - Jurors in a San Francisco court on Thursday ...
Updated: 08/05/2022
Twitter responds to Musk's counterclaim that he has legitimate reasons to back out of deal
San FRancISCO - Twitter has responded to claims by billionaire Elon Musk that he has legitimate reasons to back out of his $44 billion deal to buy the social media company. SAN FRANCISCO - Twitter has responded to claims by billionaire Elon Musk that ...
Updated: 08/04/2022
Fed's Mary Daly says she doesn’t feel the pain of high inflation anymore
The president of the San Francisco Federal Reserve Bank is doing fine during a period of high inflation, but she acknowledged that others are not so fortunate. The president of the San Francisco Federal Reserve Bank is doing fine during a period of high inflation, but she ...
Updated: 08/04/2022
Dollar weakens as Fed hawks say rate hike plans
... prompting the dollar to gain global. The previous close of 79.16 per dollar was on Tuesday, and the previous close was 79.45 per dollar 10.10 am in India. A 50 basis point rate hike would be a reasonable thing to do in September, said Mary Daly , San Francisco Fed President, in an interview to Reuters on Wednesday. If we see inflation roaring ahead undaunted, the labor market showing no signs of slowing, then we're in a different position where a 75 basis-point increase might be more appropriate. ...
Updated: 08/04/2022
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