News

Bloomberg In the global race to use human immune cells to fight cancers, a little-known Chinese firm called GenScript Biotech Corp. is emerging as one of the biggest stock gainers. Among the first Chinese developers of so-called CAR-T cancer therapies, GenScript’s shares have risen more than sixfold since June, when it reported positive results from early studies in 35 patients ...

Bloomberg The International Olympic Committee will support North Korea’s participation in the 2020 Tokyo Olympics, IOC President Thomas Bach told Kyodo News in an interview. “We will take the same approach in every respect with regard to Tokyo 2020 as we took with Pyeongchang 2018…We have always applied strict political neutrality, and then the same we will do for Tokyo ...

Bloomberg The man with the final word on design at one of the world’s biggest automakers sees a future dominated by self-driving boxes-on-wheels and souped-up sports cars. For Simon Humphries, who as of this year oversees design globally across Toyota Motor Corp.’s namesake and luxury Lexus brands, mobility will follow two divergent paths. One is the e-Palette, a customizable robo-van ...

Bloomberg Broadcom Ltd.’s bid for Qualcomm Inc. is a good place to start negotiations between the two companies on what would be the biggest deal in the history of technology, according to Institutional Shareholder Services Inc. The influential proxy adviser, though, stopped short of recommending that Qualcomm shareholders vote for the current offer of $82 a share, in a report. ...

Bloomberg Deere & Co., the world’s largest farm machine maker, raised its full-year sales forecast, and there’s reason to believe that good news will keep coming. After a prolonged slump for crop prices that slashed farmer income, fundamentals are starting to rebound, according to Farha Aslam, an analyst at Stephens Inc. There’s a chorus echoing that view. Bunge Ltd. Chief ...

Bloomberg Uber Technologies Inc. is launching a range of measures, including 24-hour telephone support hotlines and better contact with local police, in a bid to appease London’s regulator ahead of a court battle over its license to operate in the city. The ride-hailing company will now report “serious incidents” that occur during a passenger’s journey to the police, rather than ...

Bloomberg For Roche Holding AG, collaborating with tech startups is no longer enough. Now it wants to own them. The Swiss oncology giant bought three tech companies and joined forces with another in the past eight months as it seeks to take advantage of a flood of data from patients and clinical studies. The most recent deal, a $1.9 billion ...

Bloomberg In his 50 years working in Britain’s car industry, John Cooper has survived plenty of upheavals. None is scarier than the prospect of Brexit. Being split off from their biggest market means the job cuts and production slowdown UK carmakers have imposed the past few months could be just a prelude to wholesale shutdowns. The shock is only beginning ...

Abu Dhabi / WAM The Abu Dhabi Accountability Authority (ADAA) will host leading experts in fraud prevention for the 2018 ACFE Fraud Conference Middle East on February 25-27. The 3rd edition of the regional conference, to be held at the Jumeirah at Etihad Towers hotel in Abu Dhabi, will gather more than 300 anti-fraud experts from across the public and ...

DUBAI / WAM The Government of Dubai, global trade enabler DP World and the Government of Jammu and Kashmir signed a Memorandum of Understanding (MoU) to explore opportunities to develop trade infrastructure in the state. The agreement will see discussions take place on a multi-modal logistics park and hub in Jammu, comprising warehouses and specialised storage solutions that will also ...