The portmanteau of “hale” and “Leon” is meant to convey health and strength. The merged word reflects GlaxoSmithKline’s optimism about its soon-to-be demerged consumer business. On Wednesday, the pharma group published the prospectus for Haleon, which is set to become one of the 20 largest companies on the London stock market when it floats next…
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CareMax, a tech-enabled, value-based care company for seniors, acquired the Medicare value-based care business of Steward Health Care System for a combination of $25 million in cash and 23.5 million shares of stock. CareMax will serve as the management services organization over Steward’s value-based Medicare network of 171,000 patients, which includes 50,000 patients on…
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This article is an on-site version of The Lex Newsletter. Sign up here to get the complete newsletter sent straight to your inbox every Wednesday and Friday Dear reader, Last week, Facebook owner Meta, Twitter and Amazon all held annual shareholder meetings in which investors had the chance to vote on company issues. In nearly…
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This article is an on-site version of our Moral Money newsletter. Sign up here to get the newsletter sent straight to your inbox. Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the FT One thing to start: DWS chief executive Asoka Wöhrmann has resigned from the German…
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Hospitals have been hit by massive ransomware attacks in recent years, curtailing access to patient data systems and forcing staff onto so-called “downtime procedures.” But many hospitals haven’t adequately planned for system downtime, using incident response plans created for other disasters that don’t capture the scope of ransomware, experts say. Ransomware encrypts a victim’s computer…
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Here is our pick of the 3 most important Stablecoin news stories during the week. Now what!?? As the dust settles on the cataclysmic collapse of the Terra (UST) ecosystem, an on-chain deep-dive carried out by blockchain analytics firm Nansen highlights two major takeaways. Only a few (7 wallets) along with deep knowledge (maybe inside) of…
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Pfizer will sell down its stake in Haleon, its consumer health joint venture with GlaxoSmithKline, after a London listing planned for July 18. The US drugmaker has committed to selling its shares in a “disciplined manner” and has formed an “orderly marketing” agreement with GSK to ensure the two sellers do not destabilise stock in…
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Pfizer will sell down its stake in Haleon, its consumer health joint venture with GlaxoSmithKline, after a London listing planned for July 18. The US drugmaker has committed to selling its shares in a “disciplined manner” and has formed an “orderly marketing” agreement with GSK to ensure the two sellers do not destabilise stock in…
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SoftBank and Goldman Sachs have invested in Rimac in a €500mn funding round that gives the Croatian electric supercar maker and technology group a valuation of more than €2bn, according to the company. It will use the new investments in part to build its fledgling self-driving robotaxi business, which has been under secret development for…
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Indivior has said a drug it is developing to treat cannabis use disorder (Cud) represents a significant commercial opportunity amid growing concern among doctors in the US about an increase in excessive marijuana use following its legalisation in multiple states. The UK-listed pharmaceutical company said on Wednesday it had enrolled the first patient in a…
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