(Reuters) -Merck & Co has agreed to acquire Prometheus Biosciences Inc for about $10.8 billion to bolster the company’s presence in immunology, the companies said on Sunday. The joint statement said that Merck, through one of its subsidiaries, will pay $200 per share for the biotechnology company that specializes in products for treatment of immunological…
JERUSALEM (Reuters) -Israel’s government on Saturday rebuffed an outlook downgrade on the country from credit ratings agency Moody’s, while tens of thousands of Israelis returned to the streets to protest against a planned overhaul of the country’s judiciary. Moody’s report issued on Friday marks the latest warning about a potential economic backlash to Prime Minister…
TOKYO (Reuters) -Japan’s Panasonic Holdings, a battery supplier to electric vehicle maker Tesla Inc, said on Sunday that it is considering building a battery plant in Oklahoma, its third in the United States. “Panasonic has entered into an agreement with the State of Oklahoma that defines the eligibility and terms of the incentives under Oklahoma’s…
By Ellen Zhang and David Kirton GUANGZHOU (Reuters) – Chinese exporters exhibiting their products at the country’s largest trade fair said the weak global economy was hurting their businesses, with many freezing investments and some cutting labour costs in response. The subdued mood at the Canton Fair in the southern city of Guangzhou suggests China’s…
TOKYO (Reuters) -Japan’s Prime Minister Fumio Kishida, a day after escaping an apparent attack, vowed to ensure the safety of Group of Seven dignitaries visiting his country, beginning with tighter security for climate ministers gathering in Sapporo. “My security has become even heavier this morning. It’s so tight I think it is going to be…
BEIJING (Reuters) – Beijing’s subway has dropped mandatory mask requirements for travellers, local media reported on Sunday, days after a Chinese health expert said the threat of COVID-19 to humans is no longer at a serious level. The mask move is in line with broader measures by China, which said last week it was now…
By Jason Lange WASHINGTON (Reuters) – Donald Trump’s presidential campaign on Saturday reported raising $14.5 million during the first three months of this year, with contributions accelerating sharply after he announced he was about to be criminally indicted. The disclosure to the Federal Election Commission does not cover all of the former president’s political fundraising…
(Reuters) – Merck & Co is in late-stage talks to acquire Prometheus Biosciences Inc to get its hands on promising immune disease treatments, the Wall Street Journal reported on Sunday citing people familiar with the matter. (Reporting by Kanjyik Ghosh in Bengaluru; Editing by Tom Hogue)
