Biotechnology company Medivation has rejected a $9.3 billion cash takeover offer by Sanofi, the French drugmaker, calling it “opportunistically timed.” Sanofi vows to make its case directly to shareholders.
Berkshire Hathaway’s Clayton subsidiary acquired Goodall Homes, raising the stakes of Warren Buffett’s bet on residential real estate.
Google is expanding an experimental feature that allows business and politicians to publish content directly to its search results.
Beijing is considering taking 1% stakes in China’s major internet companies, raising the specter of even stricter web censorship.
Shanghai-based NextEV is aiming to engineer a Chinese challenger to Tesla’s electric cars.
OpenAI—the artificial intelligence company backed by Elon Musk, Peter Thiel, Reid Hoffman, Amazon and others—is building out a training “gym” for programmers.
Airbnb is contributing $230,000 to ballot initiatives backed by various local politicians in San Francisco, where proposed legislation would ramp up regulation of vacation rentals.
The American Bankers Association says that cutting the dividend on a risk-free stock purchased by all members of the Federal Reserve system is unconstitutional, setting up a possible Supreme Court showdown.
Government sources claim the feds in fact paid under $1 million to unlock the San Bernardino shooter’s iPhone, and that the FBI can now access devices with the same specs without paying any more to its hacking contractor.
Allies of Hillary Clinton say she’s unlikely to make political concessions to Bernie Sanders to secure his support going forward.
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