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...Some of the companies are subject to US government export controls....
...Merck’s drug, which is branded Lagevrio, raised hopes and sent shares in the company rallying last year after early data from a late-stage trial suggested it cut in half the risk of death and hospitalisation...
...The Swiss company already has a packed pipeline. The problem is that too many drug trials have failed. Merck knows how that feels....
...Merck’s research chief has called on the UK government to make the country more welcoming to pharma companies, ahead of the US-based drugmaker breaking ground on a £1bn research centre in London next week...
...Tencent, China’s biggest company by market capitalisation, tumbled 12.4 per cent, the sharpest one-day drop for the company in 15 years. Gaming accounts for about 30 per cent of the group’s revenues....
...The bank’s analysts added that big companies, through “innovation” or “workarounds”, could mitigate the risk from the latest regulatory proposals....
...The Cypriot government allowed stocks to be used to treat cats suffering with another coronavirus in the Mediterranean country, though the company said it was not approved for veterinary treatment and no...
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...Mnuchin’s firm, Liberty Strategic Capital, is being joined by other investors including Hudson Bay Capital, Reverence Capital Partners and hedge fund Citadel....
...Hudson Bay Capital, Reverence Capital Partners and hedge fund Citadel are co-investing in the deal which closes on Monday....
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...The new rules give the federal government the power to negotiate lower prices for some of the most expensive prescription drugs produced by Pfizer, Merck and other pharma companies purchased by Medicare,...
...In a blow to the Related Companies, Hudson Yards’ principal developer, and its partner, Oxford Properties, it opted to close the store that July — little more than a year after opening its doors with a glitzy...
...Merck’s lawsuit is the first by a major drug company, but analysts predict others are likely to follow its lead and sue the government ahead of the full implementation of the drug price negotiation elements...
...Chair Young Liu said in August that the company was going to invest “several billions of US dollars” in India. Additional reporting by Hudson Lockett in Hong Kong...
...Yet Merck recorded sales worth more than $6bn between 2021 and 2022, and the figure does not include sales in poorer markets where licensed companies make generic versions of the drug....
...A new version of this is being built in China, DD’s Kaye Wiggins and the FT’s Cheng Leng and Hudson Lockett report....
...Additional reporting by Hudson Lockett and Cheng Leng...
...Yet the company’s monoclonal antibody treatment for inflammatory bowel disease has yet to be fully approved....
...And it isn’t clear what exactly the investors want to do with the company post-buyout....
...Its companies have combined annual revenues of $75bn and 115,000 employees....
...Merck said the deal would strengthen the company’s position in the fast-growing field of immunology, where there is significant unmet patient need....
...In December, top BlackRock managers hosted their GIP counterparts at the larger firm’s Hudson Yards headquarters....
...Additional reporting by Wang Xueqiao in Shanghai and Hudson Lockett in Hong Kong...
...It is one of the Adani companies considering fundraising....
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