Text size Carl Hof / Getty Images SoftBank Group made big bets on Amazon. com, Alphabet, Adobe, and other technology stocks in the June quarter as part of their program to temporarily stash proceeds from recent asset sales. As of June 30, SoftBank had a $ 1 billion stake in …
Read More »Sanofi Buys Principia for $ 3.7 billion. Both front runs.
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 …
Read More »Minority owners pressure Dan Snyder to sell Washington’s NFL team
Washington NFL team minority partners are pushing Dan Snyder to sell the franchise, according to people familiar with the matter, amid a growing battle within a team that has controversy on multiple fronts. Mr Snyder, the 55-year-old billionaire owner, has no intention of selling his majority stake in the team, …
Read More »Smartphone Chip Giant Qualcomm seeks 5G wealth after fiery antitrust battle
The legal victory of Qualcomm Inc. in a battle with high stakes with the US government brings up the opportunity for the smartphone chip giant to enjoy a period of relative calm and growth driven by increasing appetite for new 5G handsets. The company stems from what, by most industry …
Read More »Modern stockrally disappears as analysts weigh on what US government deal means for COVID-19 vaccine prices
The rally in shares in Moderna Inc. jumped through news late Tuesday that the U.S. government ordered 100 million doses of its COVID-19 vaccine candidate on Wednesday as analysts waited for what the order meant for prices. Modern MRNA, + 1.94% is widely regarded as a front-runner in the race …
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