Biotech-for-hire PeptiDream charts new path and becomes short target

Biotech-for-hire PeptiDream charts new path and becomes short target
TOKYO (Reuters) – The promise of PeptiDream Inc’s drug-discovery technology and its lucrative research-for-hire contracts have made it a darling of the Tokyo stock market. Now, those gains have made it a target for short-seller Muddy Waters. Patrick Reid, President and CEO of PeptiDream Inc, poses for a photograph at the company headquarters in Kawasaki, Japan November 6, 2019. REUTERS/Rocky... Read More

Takeaway CEO says he does not plan to improve bid for Just Eat

Takeaway CEO says he does not plan to improve bid for Just Eat
FILE PHOTO: Signage for Just Eat on the window of a restaurant in London, Britain, August 5, 2019. REUTERS/Toby Melville./File Photo BARCELONA (Reuters) – Takeaway.com NV (TKWY.AS) CEO Jitse Groen said on Wednesday he does not plan to improve his company’s 4.3 billion pound ($5.50 billion) all-share bid to buy British rival Just Eat PLC(JE.L), despite a higher cash offer... Read More

Tariff stockpiling wanes as importers work off inventories: port executive

Tariff stockpiling wanes as importers work off inventories: port executive
(Reuters) – The executive in charge of the No. 1 seaport for U.S. trade with China on Tuesday said importers were not stockpiling goods ahead of President Donald Trump’s plan to slap 15% tariffs on cellphones, laptops, toys and other Chinese-made goods next month. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China August 6,... Read More

Chinese national pleads guilty in U.S. court to stealing Phillips 66 trade secrets

Chinese national pleads guilty in U.S. court to stealing Phillips 66 trade secrets
WASHINGTON (Reuters) – A Chinese national pleaded guilty on Tuesday to stealing trade secrets from U.S. petroleum company Phillips 66 (PSX.N), where he worked on the research and development of next generation battery technologies, the U.S. Justice Department said. Hongjin Tan, 36, stole information regarding the manufacture of a “research and development downstream energy market product” that is worth more... Read More

U.S. auto showrooms need more electric cars, environmental group says

U.S. auto showrooms need more electric cars, environmental group says
WASHINGTON (Reuters) – Environmental group the Sierra Club on Tuesday urged automakers and dealerships to help cut U.S. carbon emissions and fight the climate crisis by making more electric vehicle available in U.S. showrooms. FILE PHOTO: An official New York State electric car is displayed in a New York State exhibit at the 2019 New York International Auto Show in... Read More