France will tax drugmakers whose costly hepatitis C drugs threaten to throw off course its healthcare budget, the government has said, heaping pressure on pharmaceutical companies like Gilead Sciences to cut their prices.
Sectors
Johnson & Johnson to buy private drug developer for $1.75 billion
Johnson & Johnson (JNJ.N) agreed to pay $1.75 billion in cash to buy privately held Alios BioPharma Inc, which is developing a drug for a common respiratory viral infection in children for which there is no approved treatment.
EBay follows Icahn's advice, plans PayPal spinoff in 2015
EBay Inc's agreement on Tuesday to spin off PayPal next year will give the unit more flexibility to strike deals in the rapidly evolving payments space as growth at the company's traditional e-commerce business slows.
SRR Advises on Sale of Engineered Polymers Corp.
Stout Risius Ross, Inc. (SRR) announced today that its client, Engineered Polymers Corp. ("EPC"), has been acquired by Imperial Plastics, Incorporated ("Imperial"), a portfolio company of Goldner Hawn Johnson & Morrison Incorporated ("GHJM"). SRR served as exclusive financial advisor to EPC in connection with this transaction.
Big Shift in China's Consumer Economy Impacts Its Role Providing Cheap Consumer Goods on the Worldwide Stage
China's growing consumer economy will lead to rise in prices and eventually reduce its role as the supplier of cheap consumer goods to the world.
Latest News
Internet auction site eBay intends to drive a wave of consolidation in Russia's e-commerce market over the next couple of years, persuading smaller companies to get on board as the economy weakens.
U.S. medical device maker Medtronic Inc is likely to try to renegotiate the structure and terms of its $42.9 billion deal to buy Ireland's Covidien Plc in response to new U.S. tax rules, according to people familiar with the situation.
Italian tycoon Andrea Bonomi has written to directors of his bid target Club Mediterranee (CMIP.PA) asking for updated financial information, a letter seen by Reuters shows, in a sign he still hopes to win control of the French holiday company.
EnLink Midstream (ENLK.N) (ENLC.N) said on Monday it had signed a $235 million deal with Chevron Corp (CVX.N) to buy natural gas pipelines in Southern Louisiana, including those linked to the Henry Hub supply point that sets U.S. futures prices.
Chinese e-cigarette maker Kimree Inc filed to list its shares in the United States at a time when e-cigarette companies are finding it harder to raise capital amid rising competition and increasing regulatory oversight.
Japanese discount store operator Don Quijote Holdings will open a new chain in the United States early next year selling take-out Japanese food such as deep-fried oysters and noodles to tap growing demand for Japanese cuisine, the company's chief executive said on Tuesday.
Kuddle, a Norwegian picture sharing app designed for children, plans to launch a child safe tablet with Microsoft on Dec 1, and expects to sign funding deals with several venture capital firms within weeks, its chief executive said on Monday.
German luxury carmaker BMW is teaming up with Chinese internet giant Baidu to start highly automated driving trials in Beijing and Shanghai.
Cisco Systems will invest $1 billion over two years to expand its cloud offerings, the company said on Monday, linking hundreds of data centers and cloud providers around the world in a network with more than 30 partners.
