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Illumina Inc
Illumina accused by Brussels of ‘delay tactics’ on Grail divestiture
...Brussels has accused Illumina of using “delay tactics” to prevent a speedy ruling on whether the world’s biggest gene sequencing company should be forced to divest cancer test developer Grail....
May 27, 2023
Mergers & Acquisitions
EU wrong to block Illumina’s $8bn takeover of Grail, says court adviser
...A senior EU court adviser has said the European Commission was wrong to block gene sequencing group Illumina’s $8bn acquisition of Grail and that the decision should be scrapped....
March 21, 2024
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
Medical science
UK approves Crispr gene editing therapy in global first
...Crispr has been applied to blood disorders first because the cells are easier to extract to edit their genes....
November 16, 2023
Life & Arts
Sotheby’s, the Russian billionaire — and the art of the deal
...Meyer of Christie’s summarises the pitch to the potential buyer as: “Only you have the chance to buy it....
February 2, 2024
Rutherford Hall
Never call yourself a futurist
...Where can we go in five years with radiomics, robotic process automation, Crispr gene editing, technology in primary care? This is the last mile of healthcare....
April 8, 2024
Apple Inc
Apple reaches $490mn settlement over Tim Cook’s China demand comments
...Gene Munster at Deepwater Asset Management said he was surprised by Apple’s decision to settle the case, given companies commonly offer commentary on market trends....
March 15, 2024
FT Live
Global Pharma and Biotech Summit
Driving life sciences innovation in a disrupted world
Tuesday, 5 NovemberIn-Person & Online Conference
Unhedged
Inflation is not going quietly Premium content
...A more benign while still realistic view comes from Gene Munster of Deepwater Asset Management....
April 11, 2024
Apple Inc
Apple to sell Vision Pro in US next month
...“The Vision Pro is going to be a major product for Apple over the long term, that is, the next five to 10 years,” said Gene Munster at Deepwater Asset Management....
January 8, 2024
Apple Inc
‘Apple is going to war’: US lawsuit adds to iPhone maker’s antitrust woes
...“He surely knew it was coming this week,” said Gene Munster at Deepwater Asset Management. “Apple is going to war with the DoJ, and settlement is not an option.”...
March 22, 2024
US-China trade dispute
US solar manufacturers in ‘dire situation’ as imports soar
...Meyer Burger, a Swiss solar manufacturer, announced in January it was shutting down its plant in Germany and focusing efforts to boost manufacturing in Colorado and Arizona, supported by the IRA....
March 13, 2024
News in-depthEmployment
Warehouse operators turn to entertainment and food facilities to attract workers
...But chief executive Tobias Meyer said such investments were “only the icing on the cake”, adding that the warehouse operator’s “utmost priority” was providing safe and healthy workplaces, in a physically...
January 3, 2024
News in-depthApple Inc
Apple parks its electric car project in sign of EV industry’s struggles
...“They have a growth problem, and when you are $400bn plus in revenue and you are a tech company, it’s part of your DNA to grow,” said Gene Munster at Deepwater Asset Management....
February 28, 2024
News in-depthMedia
‘Way too much news’: US conservatives face a fragmented media map
...“Every day, after I listen to [Christian broadcaster] Joyce Meyer, to get my teaching on God, then I switch to Steve Bannon, and he analyses what is really going on in the media,” she said....
March 12, 2024
News in-depthApple Inc
Apple’s Vision Pro will test Tim Cook’s legacy as an innovator
...“Cook’s legacy as an operator is already solidified as world class,” said Gene Munster at Deepwater Asset Management. “His legacy as an innovator is going to hinge on how the Vision Pro plays out.”...
February 1, 2024
Due Diligence
Elon Musk gets squeezed in Delaware Premium content
...Union Square Advisors, a tech-focused investment bank, has appointed Michael Meyer to the newly created role of chief executive. He will also continue to be head of capital markets....
February 2, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Apple Inc
Apple’s $85bn-a-year services business faces legal reckoning
...“I think there’s just a belief that there’s all this noise in the background, and ‘don’t worry about it’,” said Gene Munster, managing partner at Deepwater Asset Management....
January 1, 2024
Apple Inc
Apple fails to dispel worries over hardware outlook and China sales
...Thursday’s stock price reaction reflected “a vortex of noise” around the company’s financial guidance, as some analysts adjusted their forecasts to reflect the shorter period, said Gene Munster at Deepwater...
November 2, 2023
Due Diligence
Could the ‘trustbusters’ be making a comeback?
...The decision by the San Diego-based maker of gene-sequencing machines comes after an order by Brussels in October to divest the unit as well as a separate lawsuit by the US Federal Trade Commission to block...
December 19, 2023
News in-depthPensions industry
Larry Fink’s retirement warning highlights fight over ‘hardest problem in finance’
...“We are going to have a ‘world is not flat’ moment, when asset managers are going to realise we are not prepared to help people draw down,” said Bill Meyer, CEO of Retiree Inc, a retirement planning software...
March 29, 2024
Illumina Inc
EU regulators to order Illumina to sell $8bn cancer treatment group
...The step is intended to deepen the punishment for Illumina after Brussels fined the world’s largest gene-sequencing company €432mn in July for defying what regulators described as a “cornerstone” of their...
October 9, 2023
Illumina Inc
Illumina faces record fine over purchase of Grail without EU approval
...Illumina faces a record fine from the EU as early as next week after the world’s biggest gene sequencing company bought Silicon Valley cancer screening start-up Grail for $8bn without Brussels’ approval....
July 4, 2023
Illumina Inc
Illumina hit with record €432mn fine for ignoring EU concerns over Grail deal
...The EU has hit Illumina with a record fine after the world’s largest gene sequencing company completed an $8bn acquisition without the approval of Brussels, violating what regulators said was the “cornerstone...
July 12, 2023
Illumina Inc
Illumina appoints new CEO after battle with investors
...The world’s largest gene-sequencing company said on Tuesday that Thaysen, who previously ran Agilent Technologies’ life sciences and applied markets group, would begin as chief executive on September 25....
September 5, 2023
Illumina Inc
Francis deSouza resigns as Illumina boss after proxy battle with Carl Icahn
...The company faces growing competition from several new entrants and Chinese gene sequencing company MGI....
June 11, 2023
LexMergers & Acquisitions
Pharma: M&A strategy gets dose of bitter medicine Premium content
...Illumina bought cancer test developer Grail for $8bn in 2021, even though US and EU authorities complained the US gene sequencer could deny crucial inputs to Grail’s rivals....
June 12, 2023

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