Bloomberg Zai Lab Ltd., a Chinese drug developer working on cancer treatments, has picked banks to arrange a planned US initial public offering that could raise about $150 million, people with knowledge of the matter said. The Shanghai-based biopharmaceutical company, started by former Pfizer Inc. senior scientist Samantha Du, is working with Citigroup Inc. and JPMorgan Chase & Co., according …

Bloomberg The UK is seeking to regain momentum in so-far sluggish Brexit negotiations by publishing this week the first outline of its positions as two key ministers issued a joint declaration on a the post-European Union transition period, ending their disagreement over the issue. The government plans to issue the first of three discussion papers ahead of the next round …

Bloomberg Chancellor Angela Merkel hit the campaign trail with a swipe at German auto executives for a diesel cheating scandal, sounding a pro-labour message she’ll use to counter her Social Democratic Party challenger leading up to the country’s Sept. 24 election. As polls give Merkel’s Christian Democratic Union-led bloc a wide lead over the SPD with six weeks of campaigning …