France’s Sanofi to carve out active drug ingredients firm
Sanofi plans to create a standalone company dedicated to making active pharmaceutical ingredients (API), components that are biologically active in a drug, and will decide whether to list it on Euronext Paris by 2022.
SoftBank leads $265 million investments in two U.S.-based start-ups
SoftBank on Monday led a new funding round of $165 million in California-based Karius and invested $100 million in New York-headquartered AI company Behavox, as the technology giant builds a portfolio under its second Vision Fund.
U.S. Supreme Court turns away religious bias claim against Walgreens
The U.S. Supreme Court on Monday handed a victory to Walgreens, turning away an appeal by a fired former Florida employee of the pharmacy chain who asked not to work on Saturdays for religious reasons as a member of the Seventh-day Adventist Church.
Bank of America names Morisseau as head of investment banking for France: memo
Bank of America has appointed Jérôme Morisseau as its head of investment banking for France as it seeks to build out its French franchise and win more business from large French clients, a memo seen by Reuters said.
U.S. Supreme Court rejects Apple appeal in patent fight with VirnetX
The U.S. Supreme Court on Monday refused to hear Apple Inc’s bid to avoid paying about $440 million in damages for using patent licensing firm VirnetX Inc’s internet security technology without permission in features such as FaceTime video calling.
Sanofi to create active pharmaceutical ingredients business
Sanofi said on Monday it intended to create a standalone company dedicated to the production of active pharmaceutical ingredients.
Warren Buffett calls coronavirus outbreak ‘scary stuff,’ but says he won’t be selling stocks
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc , on Monday called the coronavirus outbreak “scary stuff” but said that it was no time to sell stocks despite the threat of a pandemic.
U.S. Supreme Court rejects Apple appeal in patent fight with VirnetX
The U.S. Supreme Court on Monday refused to hear Apple Inc’s bid to avoid paying about $440 million (339.4 million pounds) in damages for using patent licensing firm VirnetX Inc’s internet security technology without permission in features such as Face…
European shares suffer worst day since 2016 as virus spreads, Wall Street opens ugly
European shares suffered their biggest slump since mid-2016 on Monday and oil plunged almost 5%, as a jump in coronavirus cases in Italy, South Korea, Japan and Iran sent investors scrambling to the security of gold and government bonds.
Dow sheds 800 points as pandemic fears grip Wall Street
The Dow Jones Industrials shed 800 points on Monday as investors scurried to safer assets after a sharp rise in coronavirus cases outside China fueled fears of a bigger impact to global growth.
