Novartis to Buy Takeda's Eye Drug in $5.3 Billion Deal

Novartis to Buy Takeda's Eye Drug in $5.3 Billion Deal

Novartis (NVS – Get Report) picked up dry-eye drug Xiidra from Japanese pharmaceutical company Takeda (TKPHF) for $3.4 billion in cash plus milestone payments of up to $1.9 billion. The Swiss pharma giant announced Wednesday it also will obtain 400 …
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Loss in Apollo Tyres' European business adds to woes of domestic slowdown

Apollo Tyres Ltd was evidently riding on a rough patch in the March quarter. Its operating profit margin fell below the 10% mark, from 12.8% in the year-ago March quarter. Like MRF Ltd and Ceat Ltd that announced results a few days ago, an increase in raw …
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Of Course Someone Shot a Porn Video in a Tesla Driving on Autopilot

It was only a matter of time of course. There’s now a porn video of two people having sex in a Tesla while it was driving on Autopilot. In the video, a man driving a Tesla picks up adult actress Taylor Jackson for a “Tinder date” but about 45 seconds into the …
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Toyota wants to make smart homes with Panasonic

London (CNN Business) Like many carmakers, Toyota is trying to find new sources of revenue beyond making vehicles. The company been branching out into robotics and now wants to push further into the growing market for homes that can connect with …
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VW's new electric car passes 10000 orders in just 24 hours

Volkswagen has claimed that pre-orders for its ID.3 electric hatchback surpassed 10,000 cars in just 24 hours. The auto giant revealed Wednesday that the entry-level car will cost less than 30,000 euros ($33,600), with deliveries in Europe slated for the …
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