Page 2 - Paris Additional News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sanofi board discussed deal on Sunday U.S. biotech company's shares soar more than 70% after report Financial terms not known PARIS, Aug 2 (Reuters) - Sanofi (SASY.PA) has offered to buy U.S. biotech company Translate Bio (TBIO.O), two sources familiar with the situation said on Monday, as the French drugmaker bets on next-generation mRNA technology after setbacks in the COVID-19 vaccine race. Shares in the New York-listed biotech company soared more than 70% to above $50 in extended trading, building on the big gains in the stock as investors have piled in to the sector amid a rush to develo...

Article content TOUGH YEAR Sanofi’s interest comes after a tough year for the French drugmaker after falling behind rivals with less experience in the COVID-19 vaccine race, a major blow to CEO Paul Hudson who joined the company almost two years ago. Sanofi warned last year its traditional, protein-based COVID-19 jab developed with GlaxoSmithKline showed an insufficient immune response in older people, delaying its launch until toward the end of 2021. Hudson has also been under increasing pressure to reduce the company’s dependence on its star eczema treatment Dupixent to boost earnings. ...

Article content Many former inmates have said they were subject to ideological training and abuse. Rights groups say the camps have been used as a source of low-paid and coercive labor. China initially denied the camps existed, but has since said they are vocational centers designed to combat extremism. In late 2019, China said all people in the camps had “graduated.” Several Western brands including H&M, Burberry and Nike have been hit by consumer boycotts in China after raising concerns about reports of forced labor in Xinjiang. In March, the United States, the European Union, Britain a...

SEATTLE/PARIS — Boeing Co CEO Dave Calhoun faces a multibillion-dollar dilemma over how to rebuild sales in its core airliner business that has sparked an…

3 Min Read NAIROBI (Reuters) - Ethiopia plans to seek a restructuring of its sovereign debt under a new G20 common framework and is looking at all the available options, the country’s finance ministry told Reuters on Friday. Ethiopia’s government bonds saw their biggest ever daily fall on the news and analysts said restructuring concerns could spill over to hit other borrowers. G20 nations agreed in November for the first time to a common approach for restructuring government debts to help ease the strain on some developing countries driven towards the risk of default by the costs of the ...