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US coronavirus drugmaker, Krystal Restaurants acquired by SoftBank-owned investment group after bankruptcy and other Economy news

The economy news of 2020-05-26 on Tamugaia - US coronavirus drugmaker Regeneron to buy back $5B stake held by Sanofi, and Krystal Restaurants acquired by SoftBank-owned investment group after bankruptcy.
US coronavirus drugmaker Regeneron to buy back $5B stake held by Sanofi - Regeneron Pharmaceuticals said it had agreed to repurchase approximately $5 billion of its shares directly from French drugmaker Sanofi.... [ View ]

Krystal Restaurants acquired by SoftBank-owned investment group after bankruptcy - SoftBank-owned investment group Fortress acquired Southern fast-food chain Krystal for $48 million after the restaurant filed for bankruptcy in January.... [ View ]

Trade plunges as coronavirus exposes pitfalls of cross-border supply chains - Global trade flows tumbled in the first quarter, a preview of what could be the largest contraction in international commerce in decades, as the coronavirus pandemic causes policy makers and multinationals... [ View ]

FDA loosens food labeling restrictions amid coronavirus supply chain shortages  - The FDA is giving food manufacturers, vending machine operators more flexibly with food labeling during the coronavirus crisis... [ View ]

Johnson cannot afford to squander trust - Governments tend to lose the public over time, but these few weeks could be a tipping point... [ View ]

Cummings performance shows he is not ready to leave the stage - Key Boris Johnson adviser says he has no regrets over Durham ‘odyssey’, and is still likely to face bad headlines... [ View ]

Dominic Cummings defends trip during lockdown - Aide to UK prime minister hosts extraordinary press conference to explain his conduct... [ View ]

Poland’s supreme court appointment sparks political dispute - Choice of former deputy justice minister seen as further undermining of judicial independence... [ View ]

Brussels looks to new taxes to pay off pandemic recovery debt - Corporate and green levies could help raise money for EU borrowing if member states agree... [ View ]

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