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May seeks to charm EU states as opposition to hard Brexit mounts

  Bloomberg U.K. Prime Minister Theresa May will begin a diplomatic offensive on Monday amid mounting international concern and domestic opposition to her so-called hard Brexit rhetoric for leaving the European Union. May will go to Denmark and the Netherlands for talks with other EU leaders as comments suggesting that her priority will be to curb immigration spurred concern of ...

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Merck’s drug succeeds in lung cancer test, could become standard

  Bloomberg Merck & Co.’s cancer treatment Keytruda was almost twice as successful at shrinking lung cancer tumors than a standard chemotherapy regimen, a study of the drug in previously untreated patients found. In the 123-patient study, 55 percent of those on Keytruda plus two chemotherapy drugs saw their tumors get smaller, compared with 29 percent on just the chemotherapy ...

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Sweden’s $34bn pension fund can’t be happier out of bonds

  Bloomberg Unlike many pension investors, Sweden’s 300 billion-krona ($34 billion) AP7 fund, can to a large extent stay away from the bond markets. It’s manager, Richard Grottheim, is remarkably positive. As political risk mounts in Europe and the U.S., and as central banks are greasing financial markets with ever more free cash, Grottheim says it will likely all work ...

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