TV production giant Banijay to go public via Arnault-backed Spac

French entrepreneur Stéphane Courbit will take his television production company Banijay and online sports gambling group Betclic public via a Spac backed by prominent investors, including Bernard Arnault and Vincent Bolloré. The deal gives the new company, FL Entertainment, an enterprise value of €7.2bn, or €4.1bn in equity value. The shares will begin trading on…

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Novartis integrates pharmaceuticals and oncology, targets savings of $1 billion By Reuters

© Reuters. FILE PHOTO: The company’s logo is seen at the new cell and gene therapy factory of Swiss drugmaker Novartis in Stein, Switzerland, November 28, 2019. REUTERS/Arnd Wiegmann/ ZURICH (Reuters) – Novartis said on Monday it was integrating its pharmaceuticals and oncology units into an innovative medicines (IM) business to simplify its structure, targeting…

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US and Taiwan begin discussions on trade and investment

The US and Taiwan agreed on Wednesday to begin formal trade and investment talks as relations between Washington and Beijing have grown increasingly strained. The discussions stem from a joint initiative announced in June and are expected to begin in the early autumn. They are aimed at deepening economic engagement in agriculture, digital trade, climate…

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