France's Abionyx to buy IRIS Pharma Holding, expand into ophthalmology

(Reuters) -French biopharmaceutical company Abionyx Pharma said on Wednesday it had signed a deal to buy the owner of ophthalmological group IRIS Pharma. Abionyx said it would fully finance the deal, which values IRIS Pharma Holding at 5 million euros ($5.66 million), through a capital hike that aims to raise around the same amount. “Abionyx will have the means to […]

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Corporate transportation firm Gett takes $1 billion SPAC deal route to go public

(Reuters) – Corporate transportation company GT Gettaxi Ltd (Gett) will go public by merging with a blank-check firm in a deal valued at $1 billion, the companies said on Wednesday. Gett offers corporate fleets, ride-hailing services and taxis on its platform to customers such as private equity firm Silver Lake Partners, Singapore state investor Temasek and online travel portal Expedia. […]

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Opinion | Blue States, You’re the Problem

Why do states with democratic majorities fail to live up to their values? Why do states with democratic majorities fail to live up to their values? Supported by Why do states with democratic majorities fail to live up to their values? Send any friend a story As a subscriber, you have 10 gift articles to give each month. Anyone can […]

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US consensus on China: The fine print

When the Senate voted 68 to 32 in June to pass the United States Innovation and Competitiveness Act, a Bill aimed at boosting American innovation to compete with China, the vote margin – overwhelmingly bipartisan by Capitol Hill’s standards – was read as a signal of how countering Beijing had become the rarest of unicorns in Washington. It was an […]

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Opinion | Build Less Better

By David Dayen Mr. Dayen is the executive editor of The American Prospect. The Build Back Better Act’s strength is also its weakness. Tackling health care coverage, prescription drug prices, family care, education, housing, poverty, the climate crisis, pandemic preparedness and fair taxation in one bill makes it wondrously comprehensive, and gives every Democratic constituency some hope that their dream […]

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Italy's Falck family sells green energy firm to JPMorgan fund

(Corrects in first and third paragraphs that the fund is advised by JPM, not owned) MILAN (Reuters) – Italy’s Falck family of industrial magnates will receive 1.5 billion euros ($1.8 billion) from the sale of its controlling stake in Falck Renewables to a JPMorgan-advised infrastructure fund, the company said on Wednesday. The Falcks, who built their fortune in steel over […]

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Opinion | The Single-Party Curse Is Real. Can Democrats Defy It?

By James M. Curry and Frances E. Lee Professors Curry and Lee are the authors of “The Limits of Party: Congress and Lawmaking in a Polarized Era.” Despite party control of Congress and the presidency, Democrats are still struggling to enact their agenda. The ballyhooed bipartisan infrastructure deal is stuck in the House, and the sweeping $3.5 trillion reconciliation package […]

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Hubilo raising $125 million from U.S. hedge fund, existing investors

SINGAPORE (Reuters) – Hybrid events platform company Hubilo said it is raising $125 million in a private funding round, backed by new investor U.S.-based hedge fund Alkeon Capital and existing investors Lightspeed Venture Partners and Balderton Capital. Since Hubilo started out as an events tech firm in India in 2015, its co-founders Vaibhav Jain and Mayank Agarwal have steered the […]

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