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2 hours ago

Novartis gets a major boost from US regulators.

  The Swiss drugmaker received earlier-than-expected US approval for its new blockbuster heart failure drug Entresto, which is expected to earn $5 billion a year. Entresto is the first new drug in decades to tackle a problem in which the heart cannot pump blood efficiently around the body.
2 hours ago

Alibaba expands its international logistics reach.

  The Chinese internet conglomerate invested a further S$279 million ($206 million) into Singapore Post as well as a subsidiary that provides e-commerce logistics across the Asia-Pacific region. The deals will help Alibabaachieve international expansion.
2 hours ago

UBS and Morgan Stanley pass wealth management milestones.

  The assets each of the companies manage for the world’s wealthy topped $2 trillion for the first time, according to a Scorpio Partnership report. The two banks are the market share leaders of a $20.6 trillion industry.
2 hours ago

Didi Kuaidi raises $2 billion.

  China’s largest mobile car-hailing service said it may still add a “few” hundred million dollars to the figure. The company, Uber’s much bigger rival in China, now has a $3.5 billion cash pile.
2 hours ago
Chart of the Moment

Heroin-related deaths are on the rise in the US.

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