With €1.7B in savings in the bank, Sanofi pumps up its cost-cutting target by €500M

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With €1.7B in savings in the bank, Sanofi pumps up its cost-cutting target by €500M

When Sanofi CEO Paul Hudson took the reins back in 2019, he laid out an aggressive effort to cut billions of euros in annual costs. With 2020 in the books—and with the company’s cost cutting ahead of schedule—Sanofi is boosting its savings target.
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China's Luckin Coffee files for bankruptcy protection

The Chinese rival to Starbucks said Friday that it is negotiating with stakeholders regarding the restructuring of its financial obligations, to strengthen its balance sheet and to allow it to emerge as a going concern. The company filed …
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Regeneron Pulls Off Double-Digit Growth As Cholesterol Drug Pads Sales

Cholesterol drug Praluent helped pad Regeneron Pharmaceuticals’ (REGN) fourth-quarter earnings beat on Friday — and pushed Regeneron stock to rise. X. This video file cannot be played.(Error Code: 102630). Praluent sales popped 24% to $100.9 …
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Ad tech company Magnite is buying SpotX in play to deepen its strength in streaming TV

Ad tech company Magnite is acquiring SpotX, a platform for connected TV and video advertising, for $1.17 billion in cash and stock. The acquisition of SpotX, a video supply-side platform, from parent company RTL Group should help deepen Magnite’ …
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Mike Bloomberg on Twitter: "I'm honored to serve as @UN Special Envoy for Climate Ambition …

Mike BloombergVerified account. @MikeBloomberg. Entrepreneur, philanthropist, mayor of NYC, father, grandfather, and data nerd.
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