Business

Text size Sanofi is limiting its focus on drug development, stopping its diabetes and cardiovascular research. Joel Saget / AFP via Getty Images French pharmaceutical giant Sanofi is digging into the cash it raised earlier this year with the sale of its $ 11.7 billion stake in Regeneron Pharmaceuticals, the …

Gyms in New York, which have remained in place for months, even as the state made progress in fighting the coronavirus, will be allowed to reopen as soon as Aug. 24 and no later than Sept. 2, said Gov. Andrew M Cuomo on Monday. Mr. Cuomo’s announcement came with several …

What happened Shares of Chinese manufacturer of electric cars NIO (NYSE: NIO) were traded higher Monday after a report that the company had hired a new leader for its self-propelled technology unit. As of 2:15 a.m. EDT, U.S. shareholders of NIO were up about 6.1% above Friday’s closing price. So …

Iran has paid fines to the Taliban for targeting U.S. troops, according to a U.S. intelligence report first reported by CNN. The suspected bounty plot was allegedly cited by US officials as part of the justification for the drone strike that killed Iranian Major General Qassem Soleimani. The Trump administration …

Actor Ryan Reynolds has scored another hit with the sale of his Aviation Gin to Diageo for as much as $ 610 million. Diageo said on Monday the deal includes an initial payment of $ 335 million, with a further payment of up to $ 275 million based on sales …