The drug is already approved to treat other certain forms of breast cancer, but not for reducing the chances of cancer recurring. Despite progress in the treatment of breast cancer, about 30% with a common subtype of early breast cancer are at risk of their cancer returning, according to Eli Lilly....
(Bloomberg) -- Chinese companies are ditching their U.S. listings at the fastest pace since 2015 as they grapple with rising tensions between Beijing and Washington.The latest is China’s biggest online classified firm 58.com Inc., which on Monday agreed to a buyout deal led by private equity firms Warburg Pincus and General Atlantic. An investor group backed by Chinese tech tycoon Pony Ma’s Tencent Holdings Ltd. said last week it will take Bitauto Holdings Ltd. private in a deal valuing the car-listing website at $1.1 billion.So far this year, U.S.-listed Chinese companies have announced four go-private deals with a combined value of $8.1 billion including debt, according to data compiled by Bloomberg. That’s up from zero during the same period last year. It’s also the highest value for any full year since 2015, when $29.8 billion of such buyouts were announced.The uptick comes as President Donald Trump weighs tighter scrutiny on Chinese...
Shares in iQIYI Inc. (IQ) jumped 35% in pre-market trading amid a report that China’s online gaming company Tencent Holdings Ltd. (TCEHY) is seeking to become the largest shareholder in the video streaming company.The stock leaped to $25.78 after Reuters reported that Tencent approached iQIYI’s 56.2% owner Baidu Inc. (BIDU) to buy a stake of as-yet undetermined size. Shares in Baidu rose 7.2% to $125.25 in early trading.According to the report, Tencent wants to cut costs and counter competition in a sector boosted by stay-at-home coronavirus policies.“A tie-up would improve their bargaining power when producing and purchasing content, and lower marketing costs that would otherwise be spent on grabbing users from each other,” according to a person quoted in the Reuters report.Plans are at an early stage and subject to change. The potential deal would bring together two of China’s biggest media networks, with each boasting over 110 million paid subscribers...
