July, 2018

• 10 July

  Donald Trump attacks Pfizer over drug cost

  

  Bloomberg President Donald Trump said Pfizer Inc. should be ‘ashamed’ for raising the prices of its pharmaceutical products, briefly rattling shares of the US drug giant. “Pfizer & others should be ashamed that they have raised drug prices for no reason,” Trump said in a tweet. “They are merely taking advantage of the poor & others unable to defend themselves, ...

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• 10 July

  Groupon surges on report it is looking for a buyer

  

  Bloomberg Groupon Inc. surged in premarket trading after a report that the discount-slinging website is actively seeking a buyer. The merchandise and voucher vendor has approached several public companies in recent weeks to try to drum up interest in a sale, Recode reported, citing two people it said were briefed on the effort and without identifying the companies involved. Chicago-based ...

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• 10 July

  Brexit resignations create new uncertainty for UK business

  

  Bloomberg Just as Prime Minister Theresa May softened her plan for leaving the European Union — a move that companies welcomed — the resignation of the UK’s top Brexit officials creates new uncertainty for business. Carolyn Fairbairn, the director-general of the Confederation of British Industry, called the weekend resignations of Brexit Secretary David Davis and his deputy, Steve Baker, a ...

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• 10 July

  Disney in $870mn NYC deal at Hudson Square

  

  Bloomberg Walt Disney Co. agreed to sell its offices on the Upper West Side of Manhattan and purchase rights to another site, which will become the entertainment giant’s new New York campus. The company is selling its West 66th Street location and related buildings for $1.15 billion to Silverstein Properties Inc. and is acquiring 99-year rights for land at 4 ...

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• 10 July

  Fox preparing higher bid for Sky

  Bloomberg 21st Century Fox Inc. is preparing a higher offer for Sky Plc to counter Comcast Corp., according to people familiar with the matter said, marking the latest twist in a global M&A contest between some of the world’s largest media companies. The move is likely to come around the time of the formal approval by Britain for Fox’s bid, ...

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• 10 July

  Renewables can generate half of Britain’s power by 2030

  

  Bloomberg Renewables can generate half of Britain’s power by 2030 without adding to consumer bills, potentially crowding out nuclear as a significant low carbon source of electricity. That’s the conclusion of the National Infrastructure Committee, an independent body that advises government on how to meet the country’s long-term needs for large construction projects. It recommended the government should make 50 ...

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• 10 July

  Trump says he’s confident Kim will denuclearise

  

  Bloomberg US President Donald Trump said he believed North Korean leader Kim Jong-un would keep his pledge to “denuclearise,” while suggesting that neighbouring China might be working to undermine talks. “I have confidence that Kim Jong-un will honour the contract we signed &, even more importantly, our handshake,” Trump said in a tweet, adding that Beijing “may be exerting negative ...

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• 10 July

  230 killed in month of S Sudan attacks

  

  Bloomberg At least 232 civilians were killed by South Sudanese government forces, their allies and armed youth in the country’s north in April and May, the United Nations said. Many more were injured in the raids on villages in opposition-controlled areas in Mayendit and Leer from April 16 to May 24, according to an investigation by UN human-rights monitors. The ...

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• 10 July

  Scam names Pakistan’s former president

  

  Bloomberg Pakistan’s ex-president and leader of one of the country’s main political parties, Asif Ali Zardari, was named in a money-laundering investigation weeks before national elections. The Supreme Court in a statement sent to Bloomberg listed Zardari and his sister Faryal Talpur along with 12 others as beneficiaries in an alleged scam “running into billions of rupees” that led to ...

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• 10 July

  Labour open to new Brexit vote if May deal fails

  

  Bloomberg Tom Watson, deputy leader of the UK opposition Labour Party, said he thought another Brexit referendum could be necessary if Theresa May’s proposed Brexit deal can’t get support. After months of trying to find a Brexit position that all wings of the Conservative Party could agree on, May seems to have given up, and gone for something that at ...

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