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October 07, 2015

AB InBev raises the stakes over SABMiller.

  Anheuser-Busch offered $104 billion for the Anglo-South African brewer after it rejected two previous offers, arguing the buyout price was too low. That values the shares at 44% higher than its market cap on the day before a potential buyout was announced.
October 07, 2015

Australia rules against a cancer gene patent.

  The high court said that the discovery of a gene that greatly increases the risk of breast and ovarian cancer was not an invention, and overturned previous rulings protecting its patent. Cancer campaigners say that will allow more teams to research the gene; US-based Myriad Genetics, which holds the patent, argued that such legal protection encourages investment in research.  
October 07, 2015

Tencent- and Alibaba-backed startups agree to merge.

  Dianping and Meituan, backed respectively by two of China’s tech giants, will merge to form a $15 billion company, according to Bloomberg. The digital businesses offer a combination of services similar to Yelp and Groupon for restaurants, bars, and movie theaters.  
October 07, 2015

Tesco’s fall appeared to bottom out.

  Britain’s biggest supermarket reported a 1% fall in second-quarter like-for-like sales, performing better than a 1.5% drop in the first quarter, while transactions and sales volumes both rose. Competition from low-cost rivals, as well as a major accounting scandal, has hampered the retail giant’s profits in the past 12 months.
October 07, 2015
Chart of the Moment

Women care more about boardroom diversity than men—and not just in terms of gender.

October 07, 2015

The cure for scurvy was quickly forgotten.

  Twentieth-century South Pole explorers paid the price.  
October 07, 2015

The CIA once paid spies with items from Sears catalogs.

  Twenty days in the field were worth one boys’ red velvet blazer.  

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