Baker Brothers Makes $730 Million in One Day on Its Biotech Bet

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Baker Brothers Makes $730 Million in One Day on Its Biotech Bet

… and Julian Baker made a big bet in the company, their biggest in fact, with a 29% stake, as of June 30, according to data compiled by Bloomberg.
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Accounting Group Postpones Major Life Insurer Rule Shift

The Financial Accounting Standards Board (FASB) has formally agreed to give life insurers more time to cope with new rules that could lead to
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Coty Wants Shed Hair-Care, Beauty Brands

Cosmetics maker Coty Inc. is looking to sell its hair-care and professional beauty businesses, a collection of brands that account for nearly a third of its annual revenue. The makeup and fragrance seller, controlled by European investment firm JAB Ltd., said …
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Accounting Firms Chided For Double Standards On Diversity

Law360, London (October 21, 2019, 5:42 PM BST) — Accounting companies are falling behind the rest of the business world on diversity and must do
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How Saudi Aramco is the WeWork of energy

By David Fickling. On paper, you could scarcely imagine two more different companies than WeWork and Saudi Aramco. The serviced-office startup is a notorious cash sink, while Saudi Arabian Oil Co. is a gusher of dollars. In retrospect, the cancelled initial …
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