Bristol-Myers Squibb this afternoon is acquiring a young startup, IFM Therapeutics, in an unusual deal that will also see the big drugmaker get a chance to own rights in a new company the biotech is spinning out as well. New York-based Bristol (NYSE: BMY) will pay $300 million up front for IFM, which will give […]
After months of talks, SoftBank Group is close to finalizing its investment in Uber. Multiple sources tell TechCrunch that the deal is expected to be signed later in the day on Sunday. SoftBank plans to lead a $1 billion investment directly in the company alongside Dragoneer Investment Group. The joint venture will also buy up to $9 billion of shares from eligible existing shareholders in a… Read More
A Chinese liquor company is selling a lifetime supply of baijiu, a Chinese liquor, for just 11,111 yuan ($1,673).
According to Jiang Xiao Bai, the company, its promotion is limited to the first 33 customers, who will receive a carton of baijiu — which contains twelve 100ml bottles — every month, until their death. If they do pass on within five years of their purchase, the alcohol supply can be transferred to a family member.
A multi-billion dollar project to raise the Bayonne Bridge has opened the Port of New York and New Jersey to larger cargo ships like the Theodore Roosevelt. On Thursday, the largest container ship to call on the East Coast made history when it crossed beneath the bridge. Photo: Steve Remich/Wall Street Journal