Pfizer bolsters cancer portfolio with $10.64 billion deal for Array

Pfizer bolsters cancer portfolio with $10.64 billion deal for Array
(Reuters) – Pfizer Inc said on Monday it would acquire Array Biopharma Inc for $10.64 billion in cash to beef up its cancer portfolio as it faces rising generic competition for its blockbuster drugs. FILE PHOTO: The Pfizer logo is seen at their world headquarters in Manhattan, New York, U.S., August 1, 2016. REUTERS/Andrew Kelly/File Photo The largest U.S. drugmaker... Read More

Pfizer to buy cancer drug developer Array for $10.64 billion

Pfizer to buy cancer drug developer Array for $10.64 billion
FILE PHOTO: The Pfizer logo is seen at their world headquarters in Manhattan, New York, U.S., August 1, 2016. REUTERS/Andrew Kelly/File Photo (Reuters) – Pfizer Inc said on Monday it would acquire Array Biopharma Inc for $10.64 billion in cash, giving it access to the target’s approved drugs for skin cancer and the targeted cancer medicines in its pipeline. The... Read More

UBS loses role in bond deal for Chinese firm on outcry over pig comment

UBS loses role in bond deal for Chinese firm on outcry over pig comment
BEIJING/HONG KONG (Reuters) – UBS has lost a lead role on a U.S. dollar bond deal for state-backed China Railway Construction Corp, just days after a Chinese outcry over a senior UBS economist’s use of “pig” in connection with Chinese food price inflation. FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland, Oct. 25, 2018. REUTERS/Arnd... Read More

Chicken producer Perdue enters crowded plant-based meat market

Chicken producer Perdue enters crowded plant-based meat market
(Reuters) – Perdue Foods, one of America’s largest chicken producers, said it will sell frozen chicken nuggets mixed with cauliflower, chickpeas and plant protein to address a growing demand for products combining meat and vegetables. FILE PHOTO: Laborers clean a pile of dry chickpea outside a warehouse, along a wholesale market, in Karachi, Pakistan November 17, 2017. REUTERS/Akhtar Soomro/File Photo... Read More

Perdue Foods enters crowded plant-based alternative meat market

Perdue Foods enters crowded plant-based alternative meat market
(Reuters) – Perdue Foods, one of America’s largest chicken producers, said it will sell frozen chicken nuggets mixed with cauliflower, chickpeas and plant protein to address a growing demand for products combining meat and vegetables. FILE PHOTO: Laborers clean a pile of dry chickpea outside a warehouse, along a wholesale market, in Karachi, Pakistan November 17, 2017. REUTERS/Akhtar Soomro/File Photo... Read More

Exclusive: Mexico blamed Walmart’s size, access to rivals’ data in blocking app deal

Exclusive: Mexico blamed Walmart’s size, access to rivals’ data in blocking app deal
MEXICO CITY (Reuters) – Mexican officials blocked Walmart Inc’s deal to buy delivery app Cornershop because Walmart could not guarantee a level playing field for rival retailers, whose customers use the app to order groceries and other goods, according to an official document and an interview with the top competition regulator this week. FILE PHOTO: The Walmart logo in New... Read More

Strong U.S. retail sales improve economy’s fortunes

Strong U.S. retail sales improve economy’s fortunes
WASHINGTON (Reuters) – U.S. retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer spending that eased fears the economy was slowing down sharply in the second quarter. FILE PHOTO: People shop at Macy’s Department store in New York City, U.S., March 11, 2019. REUTERS/Brendan McDermid/File Photo The fairly upbeat report... Read More

Solid U.S. retail sales offer economy some respite

Solid U.S. retail sales offer economy some respite
WASHINGTON (Reuters) – U.S. retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer spending that could ease fears the economy was slowing down sharply in the second quarter. FILE PHOTO: The inside of the Gadsden Mall is pictured in Gadsden, Alabama, U.S., December 10, 2017. REUTERS/Carlo Allegri The fairly upbeat... Read More

U.S. retail sales rise solidly in May; April data revised up

U.S. retail sales rise solidly in May; April data revised up
WASHINGTON (Reuters) – U.S. retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer spending that could ease fears the economy was slowing down sharply in the second quarter. FILE PHOTO: The inside of the Gadsden Mall is pictured in Gadsden, Alabama, U.S., December 10, 2017. REUTERS/Carlo Allegri The fairly upbeat... Read More

Hedge fund Third Point calls on Sony to spin off semiconductor unit

Hedge fund Third Point calls on Sony to spin off semiconductor unit
(Reuters) – Daniel Loeb’s activist hedge fund Third Point LLC called on Sony Corp on Thursday to spin off its semiconductor business and sell off stakes in Sony Financial and other units, in order to position itself as a leading global entertainment company. FILE PHOTO: Journalists wait for Sony Corp’s new President and Chief Executive Officer Kenichiro Yoshida’s news conference... Read More