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Amazon backs out of lease at center of tax fight with Seattle

Bloomberg Amazon.com Inc., which scrapped a deal this month to open offices in New York after clashing with local politicians, is pulling out of a lease in Seattle that was at the center of a battle with the city council. Last year, as the Seattle City Council was weighing a tax on large employers to fund affordable housing and homeless ...

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Daily Mail owner to spin off Euromoney stake to shareholders

Bloomberg The owner of Britain’s Daily Mail newspaper will distribute its stake in the publisher of Euromoney magazine to shareholders in a move that will tie the fortunes of Chairman Lord Rothermere closer to the company. Daily Mail investors will see some of their stock exchanged for Euromoney shares. Lord Rothermere, also known as Jonathan Harmsworth, won’t take part in ...

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Novartis gene therapy seen as cost-effective up to $1.5 million

Bloomberg Novartis AG’s new gene therapy targeting a disease that kills infants would be cost-effective at as much as $1.5 million, according to a US nonprofit that assesses the value of drugs, well short of the potential price range the company has suggested. Zolgensma, a one-time treatment for a severe genetic disorder called spinal muscular atrophy, would provide substantial benefits ...

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