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Yahoo Japan slumps after shareholder stock sale

Bloomberg Yahoo! Japan Corp. shares fell by the most in 10 months after Altaba Inc., its second-largest shareholder, outlined plans to sell its stake in the country’s most popular web portal. The stock fell as much as 9.6 percent, the most since April 2017, after Altaba Chief Executive Officer Thomas McInerney said in a conference call that the company is ...

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Bezos-backed cancer-screening startup pursues HK for IPO

Bloomberg A US-based cancer detection startup backed by the world’s two richest men is planning an initial public offering in Hong Kong, people with knowledge of the matter said, bolstering the Asian financial centre’s push to start attracting biotech listings. Grail Inc. is working with advisers on the proposed share sale, the people said, The firm may seek to raise ...

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UK’s May to fight over draft Brexit deal

Bloomberg Prime Minister Theresa May is preparing to reject the European Union’s draft Brexit deal when it’s published, a senior official said, as her government steps up its fight with the bloc over the terms of Britain’s departure. With just three weeks left to agree on the Brexit transition phase, the EU will unveil a legal text that’s likely to ...

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