Bloomberg China’s industrialised southern provinces are racing to restock coal in case demand recovers later this month or supplies are disrupted by the heavy rains sweeping the region. The economic powerhouse of Guangdong has asked its utilities to add another 5% to inventories this month, according to local media, while neighbouring Guizhou has set aside more money for coal ...

With biotech stocks in the dumps, investors have been hoping for deals to revive the sector, but lately merger-and-acquisition activity has been anemic. Finally, Pfizer announced it will buy Biohaven Pharmaceutical Holding Company Ltd, a nine-year-old company that makes treatments for migraines, for $11.6 billion. The deal, which gives Pfizer an oral drug already on the market and a nasal ...

  Without much fanfare, some of the biggest names in tech have been pulling back on once-enthusiastic efforts to disrupt healthcare. Within the past nine months, Alphabet Inc has dismantled its healthcare division Google Health while IBM sold its Watson Health data and analytics business to a private equity firm, having struggled to turn a profit. It turns out healthcare ...