Author: WSJ

Updated Jan. 9, 2024 3:07 am ETGSK is buying biopharmaceutical company Aiolos Bio for up to $1.4 billion in a deal that expands its respiratory pipeline and follows a string of pharmaceutical majors buying fast-growing biotechs to restock their pipelines.The British pharmaceutical giant said Tuesday that the deal to buy San Francisco and London-based Aiolos Bio, which focuses on patients with respiratory and inflammatory conditions, includes a Phase 2-ready antibody called AIO-001 for the treatment of adult patients with certain respiratory and inflammatory conditions.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

SEOUL—Dog meat will no longer be allowed in South Korea, capping a decadeslong campaign against a controversial practice that many locals have come to view with unease. With no dissenting vote, lawmakers passed a bill Tuesday that will phase out the farming, slaughter and sale of dog meat by 2027. Violators will face a prison sentence of up to three years or a fine of roughly $23,000. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Source link

Newell Brands will slash about 7% of its office roles and pare down its real-estate footprint in an organizational realignment.The Atlanta-based maker of Rubbermaid and Sharpie said it expected to realize annual pretax savings of $65 million to $90 million net of reinvestment, the majority of which is expected this year.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Updated Jan. 8, 2024 1:17 pm ETSINGAPORE—China has taken into custody an alleged British spy, the country’s national security agency said Monday, as Beijing steps up warnings over national security and the infiltration of foreign spies in the country. In a social-media post, China’s Ministry of State Security alleged that MI6, the U.K. foreign-intelligence service, in 2015 recruited a foreign national surnamed Huang and provided both training and “specialized spy equipment for intelligence liaisons.”  Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Source link

A breakup over grocery prices got messier Monday when PepsiCo said that it, not supermarket chain Carrefour, initiated the split. PepsiCo said that it had decided to stop supplying the chain’s European stores because the two sides hadn’t reached an agreement on a new contract. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Listen to article(2 minutes)Shadia Abu Middin had fled Israel’s war against Hamas twice. Then on Dec. 31, Israel told the 44-year-old mother of four in Gaza to run again, but she didn’t know where to go. Palestinians are fleeing into an ever-shrinking section of the Gaza Strip as Israel’s offensive enters its fourth month and its military asks the enclave’s residents to leave more areas it says are unsafe. The Israeli warnings are pushing people to concentrate into just one-third of the strip, the United Nations agency for Palestinian refugees says. In effect, the ground available to its 2.2 million people…

After a few years of hefty pay increases, American workers can expect solid but not spectacular raises in 2024.On average, companies are planning for salary increases of 4% in 2024, according to a December survey of more than 1,800 employers by advisory firm Willis Towers Watson. That is down from the 4.4% raises that businesses handed out in 2023, yet significantly higher than the average 3% increases that marked prepandemic years. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Updated Jan. 8, 2024 9:19 pm ETThe National Park Service withdrew its plan to remove a statue of William Penn from a Philadelphia park after it drew fire from state GOP leaders, who criticized it as an attempt to “cancel” the founder of the colony that would become Pennsylvania.The federal agency said last week that the statue would be removed as part of a proposal to rehabilitate Welcome Park, located on the site of Penn’s former home, to make the park more welcoming, accurate and inclusive. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Source link

Updated Jan. 8, 2024 6:31 pm ETHewlett Packard Enterprise is in advanced talks to buy Juniper Networks for about $13 billion, in a bid to better position the nearly 100-year-old technology company in the era of artificial intelligence. A deal between the two companies could be announced as soon as this week, according to people familiar with the matter, assuming the talks don’t fall apart. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Walgreens Boots Alliance has agreed to pay $360 million to insurance company Humana to settle a lawsuit alleging the retail-pharmacy chain overcharged for prescription-drug reimbursements.Walgreens disclosed the settlement in a securities filing last week. The company said it had asked a federal court to vacate a previous award in Humana’s favor for $642 million.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8