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Glaxo takes aim at Covid-19 in $250m deal

Bloomberg UK pharmaceutical giant GlaxoSmithKline Plc is joining dozens of companies in the hunt for coronavirus therapies, signing a partnership with Vir Biotechnology Inc. and agreeing to invest $250 million in the US company. Glaxo and Vir will work together to find experimental antibodies to treat or prevent Covid-19, the illness caused by the coronavirus, the British drugmaker said. The ...

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Argentina default plan burns traders who trusted local debt

Bloomberg In Argentine trading circles, a consensus had emerged of late that the government was likely to treat some local creditors the same way it would treat those who own its foreign bonds when widely anticipated restructuring talks finally got underway. In fact, dollar-denominated bonds issued in the local market were trading just a few weeks ago at almost the ...

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Italy’s reopening advances in test for Europe’s virus exit

Bloomberg Italy is advancing plans to gradually lift restrictions to contain the coronavirus as Europe’s exit from stringent lockdown measures takes shape. Amid tense discussions weighing political and economic pressures against public-health concerns, Prime Minister Giuseppe Conte’s government is hammering out an approach that foresees the full return to normal life taking months, according to people directly involved in the ...

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