By Ludwig Burger and Dina Kartit (Reuters) -France’s Sanofi SA on Monday agreed to acquire Provention Bio Inc <PRVB.O> for $2.9 billion to bolster its work on a U.S.-approved type 1 diabet[...]
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March 13, 2023
Novartis initiates new trading line for share buybacks
By Ludwig Burger (Reuters) -Novartis said on Monday it received regulatory clearance to open a separate trading line for potentially up to 16.5 billion Swiss francs ($18.1 billion) in stock repurchase[...]
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Rivian, Amazon in talks to end exclusivity part of electric van deal – WSJ
(Reuters) -Electric-vehicle maker Rivian Automotive Inc and its largest shareholder Amazon.com Inc are in talks to end the exclusivity part of their electric van deal, the Wall Street Journal reported[...]
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PepsiCo, FrieslandCampina ask suppliers to stop buying AAL palm oil
(This March 10 story has been corrected to make clear that the suppliers were asked to stop buying from AAL, in the headline) By Jessica DiNapoli, Bernadette Christina and Toby Sterling NEW YORK (Reut[...]
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JPMorgan among suitors for SVB Financial in deal excluding SVB Bank- Axios
(Reuters) -JPMorgan Chase & Co is in talks to acquire SVB Financial Group in a deal that would exclude commercial banking unit Silicon Valley Bank, which is currently under U.S. control, Axios rep[...]
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SVB Financial mulls strategic options
By Mehnaz Yasmin (Reuters) -Defunct startup-focused lender SVB Financial Group said on Monday that it was planning to explore strategic alternatives for its businesses, including the holding company,[...]
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How high will you go? Five questions for the ECB
By Dhara Ranasinghe and Stefano Rebaudo LONDON (Reuters) – The European Central Bank looks set to deliver another hefty interest rate hike on Thursday, putting the market focus onto how far it i[...]
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Mobile games developer Huuuge says has $24.2 million at SVB
(Reuters) – Mobile games developer Huuuge Inc said late on Saturday about 10% of its cash and securities were held at the collapsed Silicon Valley Bank (SVB), adding it has sufficient resources[...]
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Experts flag moral hazard risk as U.S. intervenes in SVB crisis
By Scott Murdoch and Carolina Mandl SYDNEY/NEW YORK (Reuters) – U.S. regulators may have stemmed a banking crisis by guaranteeing deposits of collapsed Silicon Valley Bank (SVB), but some expert[...]
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