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UK web star ingeniously adds $1 bln to war chest

UK web star ingeniously adds $1 bln to war chest
breakingviews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from breakingviews.com Daily Mail and Mail on Sunday newspapers.

Aimee donnellanViews flashஐமீ டாநெல்யாந்சாப்ட் பேங்க்காட்சிகள் ஃபிளாஷ்

Capital Calls: EU s vaccine feud is more political than financial

BreakingviewsCapital Calls: EUâs vaccine feud is more political than financial Reuters 2 minutes read A healthcare worker holds a dose of AstraZeneca s vaccine against coronavirus disease (COVID-19), during a pilot test which aims to apply 20,000 vaccines per day in coming months, at Fira de Montjuic in Barcelona, Spain, April 26, 2021. Concise insights on global finance. - JAB JOSTLE. Europeâs legal battle with AstraZeneca (AZN.L) may be more about politics than money. The European Commission said on Monday it had launched a legal action against the $138 billion drug giant for not making good on its contract to supply Covid-19 vaccines, and not having a âreliable planâ to ensure delivery read more . AstraZeneca says the claim is without merit.

Bruxelles capitaleUnited statesUnited kingdomAimee donnellanEuropean unionEuropean commissionCapital callsப்ரூக்ஸெல்ஸ் தலைநகரம்ஒன்றுபட்டது மாநிலங்களில்ஒன்றுபட்டது கிஂக்டம்ஐமீ டாநெல்யாந்ஐரோப்பிய தொழிற்சங்கம்ஐரோப்பிய தரகுமூலதனம் அழைப்புகள்

Activist investor Elliott takes takes a stake in Glaxo

© GSK GlaxoSmithKline has suffered several setbacks this year. A cancer drug seen as a potential “blockbuster” failed a late-stage trial, while another drug suffered an unexpected delay owing to Covid-19, says Jamie Nimmo in The Times. Some analysts worry that these “serial disappointments” are becoming a “major concern for GSK’s. outlook”. But help may be at hand. Elliott, the US hedge fund led by activist investor Paul Singer, who is “feared in boardrooms” worldwide, took an undisclosed multibillion-pound stake in GSK last week. The news boosted the shares by 4.6%. No wonder shareholders are frustrated, says Lex in the Financial Times. GSK’s share price has moved sideways since Emma Walmsley was appointed CEO four years ago. However, “one wonders what change is sought”. After all, while most activists “demand some form of corporate divestments or restructuring”, Walmsley “already has this in train”, with a “long-planned” flotation of GSK’s

Jamie nimmoEmma walmsleyPaul singerAimee donnellanஜேமி நிம்மோஎம்மா வால்ம்ஸ்லிபால் பாடகர்ஐமீ டாநெல்யாந்

Capital Calls: Bank of America, WeWork, Kering

– Kering rebounds Dodging the question. Sometimes democracy brings change. At Bank of America, it brought more of the same. The bank’s shareholders voted on Monday against a proposal to audit the lender’s impact on communities of color, according to a preliminary tally. That will please rivals JPMorgan, Wells Fargo, Citigroup and Goldman Sachs, whose shareholders face the same question in coming weeks. They should see it as only a temporary reprieve. Big U.S. banks are keen to tout their efforts to improve diversity and boost lending to marginalized communities, yet many have been twitchy about this year’s spate of proposals that they conduct external racial audits. JPMorgan and Citigroup asked the U.S. Securities & Exchange Commission to let them snip the question from their annual ballot – unsuccessfully. All five banks have argued they are already taking action.

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Breakingviews - Capital Calls - Vaccine startup s U S IPO dents UK ambitions

Breakingviews - Capital Calls - Vaccine startup s U S IPO dents UK ambitions
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New yorkUnited statesCity of londonCity ofUnited kingdomHong kongAstrazeneca covidAimee donnellanLondon stock exchangeReuters breakingviewsFinancial timesRishi sunakSoho houseபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்நகரம் ஆஃப் லண்டன்