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Pfizer and AstraZeneca announce new investments of nearly $1 billion in France

PARIS (Reuters) – Leading healthcare companies Pfizer and AstraZeneca announced on Sunday new investments in France worth a total of nearly $1 billion, ahead of the start of this year’s annual ‘Choose France’ business summit. Pfizer said it would invest 500 million euros ($538.5 million) in France to build up its research and development work …

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German aviation company Lilium and Swiss firm to open new sites in France

PARIS (Reuters) – German aviation firm Lilium and Swiss-based nickel refinery company KL1 will set up new sites in France representing a combined investment of 700 million euros ($753.83 million), French Finance Minister Bruno Le Maire said on Sunday. Lilium will invest 400 million euros in a new factory that will create up to 850 …

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In the Market: Financiers fret over ‘leverage on leverage’ in private credit

By Paritosh Bansal (Reuters) – To some elite financiers who gathered in Los Angeles for the Milken Institute conference, a debt binge in private markets is reminding them of the go-go days of risk-taking before the 2008 financial crisis. In the halls of the Beverly Hilton and at meetings around town last week, I spoke …

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Henry Birch among contenders to become CEO of Entain, Sky News reports

(Reuters) – Henry Birch, the former chief executive of Rank Group, is among the contenders to become the head of British gambling group Entain, Sky News reported on Saturday, citing unidentified sources. The Ladbrokes owner is searching for a new CEO after the abrupt departure of Jette Nygaard-Andersen in December following reports of shareholder and …

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Novavax shares soar on license deal with Sanofi at lofty valuation

By Patrick Wingrove and Bhanvi Satija (Reuters) -Novavax on Friday said it had struck a licensing deal worth at least $1.2 billion with Sanofi for its COVID-19 vaccine in exchange for a stake that valued the U.S. biotech firm at double its current market capitalization. The Maryland-based drugmaker’s stock more than doubled in Friday trading …

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Protesters attempt to storm Tesla German plant, clash with police

BERLIN (Reuters) – Protesters opposed to expansion of U.S. electric vehicle maker Tesla’s plant in Grueneheide near Berlin clashed with police as some of them attempted to storm the facility on Friday. Some 800 people took part in the protest, according to the organising group Disrupt Tesla, which claims the expansion would damage the environment. …

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Suzano to maintain capital discipline, CEO says amid potential IP deal

SAO PAULO (Reuters) – Brazilian pulpmaker Suzano will maintain its capital discipline and would not make any move solely aimed at growing, as it is focused on adding value for shareholders, Chief Executive Walter Schalka said on Friday. WHY IT’S IMPORTANT Reuters reported earlier this week, citing sources familiar with the matter, that Suzano had …

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London’s FTSE 100 extends record hitting streak as UK exits recession

By Pranav Kashyap, Shubham Batra and Khushi Singh (Reuters) -Britain’s FTSE 100 hit a record high for a fifth straight session on Friday as investors cheered the Bank of England’s dovish tone while the British economy grew more than expected in the first quarter of the year. The blue-chip FTSE 100 ended 0.6% higher, notching …

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