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Uber shares have potential to double: Barclays analyst

Bloomberg Uber Technologies Inc has been on the wrong side of investor sentiment since its debut on the public market this year, and Barclays analyst Ross Sandler said the ride-hailing company could be “one major announcement” away from a change in the narrative. Shares of the company came under significant pressure around the expiry of its IPO lockup period — ...

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FDA nod for Chinese cancer drug in US

Bloomberg The US Food and Drug Administration (FDA) has granted approval to a blood cancer drug from Beijing-based BeiGene Ltd, paving the way for American patients to access a Chinese cancer therapy for the first time. The accelerated approval — ahead of even China’s own national drug regulator — marks a breakthrough for the growing legion of Chinese biotech companies ...

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Sri Lanka’s strongmen seek comeback in presidential vote

Bloomberg Sri Lanka’s 16 million voters were expected to decide on Saturday whether to return to power a family of strongmen that took the nation towards a deep reliance on China or extend the rule of the current government that promises more freedom but failed to avert terror attacks that killed over 250 people in April. Gotabaya Rajapaksa, 70, whose ...

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