Novartis strikes deal with UK biotech for up to US$1.7 billion

Novartis strikes deal with UK biotech for up to US.7 billion

Novartis is on a deal spree this year, including the US$12 billion acquisition of Avidity Biosciences [BASEL] Novartis will pay UK biotech Relation Therapeutics as much as US$1.7 billion to help find drug targets to treat allergic diseases. The Swiss drugmaker will pay US$55 million upfront to combine its expertise in immuno-dermatology with the British…

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How Russia and China are countering US alliance’s missile threat

How Russia and China are countering US alliance’s missile threat

Russia and China recently conducted a joint anti-missile exercise, which an expert told Newsweek signaled a growing level of trust, with the two sides able to mutually benefit amid the proliferation of long-range precision weapons in Europe and Asia. In a short statement released on Saturday, China‘s Defense Ministry said the war game, held at…

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Channel 4 Expected To Name New CEO Imminently

Channel 4 Expected To Name New CEO Imminently

EXCLUSIVE: It’s been nearly eight months since Alex Mahon resigned as the CEO of Channel 4, but the UK network is finally closing in on its next boss. Deadline hears that Mahon’s successor could be unveiled as early as this week after staff were told to expect an announcement before Christmas. Two frontrunners have emerged:…

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Red Sea Film Festival Locks Down As Torrential Rain Hits Jeddah

Red Sea Film Festival Locks Down As Torrential Rain Hits Jeddah

Saudi Arabia’s Red Sea Film Festival locked down its market and festival areas on Tuesday as a lightning storm and torrential rain hit the port city of Jeddah where it is taking place. Participants received a message at 13.45 pm local time informing them that the Souk market area and the Culture Square screening hub…

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Zooey Deschanel Reveals Her Kids’ Surprising Reaction to Elf

Zooey Deschanel Reveals Her Kids’ Surprising Reaction to Elf

Zooey Deschanel hasn’t been able to take her family through the seven levels of the Candy Cane forest, past the sea of twirly-swirly gum drops. Especially because her kids Elsie, 10, and Charlie, 8—who she shares with ex-husband Jacob Pechenik—aren’t exactly the biggest fans of their mom’s 2003 hit film Elf. “They’ve seen part of…

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Google Hit With EU Antitrust Probe Over Whether AI Summaries Are Hurting Publishers

Google Hit With EU Antitrust Probe Over Whether AI Summaries Are Hurting Publishers

The European Union has launched an antitrust investigation into whether Google is violating competition rules with AI-generated summaries in its search results. In a statement on Tuesday, the European Commission said it would examine whether Google is unfairly rehashing the content of web publishers and YouTube creators in AI-generated search results. Google said the investigation…

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