Tag: wolfsburg
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VW CEO eyes solid 2016 growth despite crisis
Volkswagen has a chance of posting solid growth in its operating business this year even as it grapples with its diesel emissions scandal and a strategic repositioning, Chief Executive Matthias Mueller said. Cost reductions at Europe's largest automaker are “in full swing” at individual brands and across the group, Mueller said at Volkswagen's (VW) earnings…
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VW CEO eyes solid 2016 growth despite crisis
Volkswagen has a chance of posting solid growth in its operating business this year even as it grapples with its diesel emissions scandal and a strategic repositioning, Chief Executive Matthias Mueller said. Cost reductions at Europe's largest automaker are “in full swing” at individual brands and across the group, Mueller said at Volkswagen's (VW) earnings…
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Obama wants $1.9B to fight Zika: Where does it stand?
WASHINGTON (AP) — President Barack Obama's $1.9 billion request for emergency money to combat the Zika virus has been sitting before Congress for more than two months, and there's no obvious path forward despite a growing threat in the hot summer months and increasing public anxiety.
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Sanofi launches $9.3 billion fight for U.S. cancer firm Medivation
By Ben Hirschler and Leigh Thomas LONDON/PARIS (Reuters) – French drugmaker Sanofi went public with a $9.3 billion offer to buy Medivation on Thursday, setting up what could be a lengthy takeover fight after the U.S. cancer firm rebuffed its approaches. The decision to target Medivation marks a return to the biotech takeover trail for…
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UBS, MPM team up on $471 million cancer fund to speed drug development
(Corrects minimum commitment to $200,000 from $500,000 figure given by UBS on Wednesday) ZURICH (Reuters) – A $471 million UBS venture fund aims to generate annual returns “north of 10 percent” for its European and Asian investors by financing new cancer drugs, helping speed them from the lab to the point where drug companies buy…