European biotech firm BioNtech plans to raise nearly $304 million in U.S. IPO – Reuters

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Written by Ralph Orlowski

BioNtech SE, Europe’s largest unlisted biotech firm by staff numbers, said on Tuesday that it planned to raise up to $303.6 million in an initial public offering in the United States.

The company expects its offering …

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The yield curve is inverted. Here’s what that means, and what the implications are for the economy. – Markets Insider

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Written by Ben Winck

Since 1950, all nine major US recession have been preceded by an inversion of a key segment of the so-called yield curve.

Defined as the spread between long- and short-dated Treasury bonds, the yield curve turns …

By Jessica Yap-Chung
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US economy: statistics at a glance – Financial Times

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Written by Sam Fleming, Gemma Tetlow, Steven Bernard, Tom Pearson, and Jennifer Bissell

The FT’s one-stop overview of key US economic data and trends, including GDPinflationunemploymentconsumer indicators, and the outlook for US interest rates and mortgage rates

Click here to read more.

By Alessandra Leone
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Amgen To Acquire Otezla® For $13.4 Billion In Cash – Amgen

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Written by Amgen

THOUSAND OAKS, Calif., Aug. 26, 2019 /PRNewswire/ — Amgen (NASDAQ: AMGN) announced today that it has entered into an agreement with Celgene Corporation (NASDAQ: CELG) in connection with its previously announced merger with Bristol-Myers Squibb Company (NYSE: BMY) to acquire worldwide rights to Otezla® (apremilast), the …

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Vertex Bets $950M on Semma and a Stem Cell Therapy for Diabetes – Xconomy

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Written by Frank Vinluan

Vertex Pharmaceuticals is paying $950 million to acquire Semma Therapeutics, a biotech startup developing a stem cell therapy for type 1 diabetes.

The deal announced Tuesday is Vertex’s first step into the diabetes field and is …

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