Bloomberg German output will probably shrink by 0.2% in the third quarter, putting Europe’s largest economy into recession, according to the DIW economic institute. A DIW gauge of activity fell to 89 points in August, the lowest since late 2012, pointing to another contraction after GDP declined 0.1% in the April-to-June period, the institute said. “Manufacturing is in a crisis ...

Bloomberg Amgen Inc. will pay $13.4 billion for a blockbuster psoriasis drug from Celgene Corp., which is shedding the asset in order to win antitrust regulators’ sign-off for its $74 billion merger with Bristol-Myers Squibb Co. The all-cash deal will give Amgen a growing product at a time when the blockbuster biotechnology drugs it made its name on are beginning ...

Bloomberg Argentina bond spreads widened to the most in 14 years after opposition leader Alberto Fernandez ripped the debt-laden country’s accord with the International Monetary Fund (IMF). The spread over Treasuries widened 182 basis points to 2,003 basis points, the most since June 2005, after Fernandez said much of the IMF loan had been wasted on financing capital flight out ...