Merck's $6.7B Terns Deal Clears Regulatory Hurdle

By Al Barbarino

Merck has cleared a key regulatory hurdle in its plan to acquire clinical stage oncology company Terns Pharmaceuticals Inc. for $6.7 billion, the pharmaceutical giant said Friday. 

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Canada's Cohere To Merge With German AI Rival Aleph Alpha

By Najiyya Budaly

Cohere, a Canadian developer of large language models, said Friday that it plans to combine with German rival Aleph Alpha in order to create a transatlantic artificial intelligence powerhouse.

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Fertilizer Biz Raises £25.6M To Fund $665M Paraguay Project

By Dawood Fakhir

British fertilizer company Atome PLC said Friday that it has raised £25.6 million ($34.5 million) in equity from Swiss fertilizer plants specialist Casale SA and others to fund its part of a $665 million green fertilizer project in Paraguay.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

The past week in London has seen a Hong Kong company sue the government and a COVID-19 PPE company linked to Tory peer Michelle Mone, an oligarch bring a fresh claim against a rival in a long-running feud, a rugby league club sue over a canceled mass dance event, and Visa and Mastercard hit with legal action from H&M, Eurostar, and Bang & Olufsen. Here, Law360 looks at these and other new claims in the U.K.

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Trump Makes Fresh US Tariff Threat Over UK Digital Tax

By Josh White

President Donald Trump warned that his administration will impose new tariffs on the U.K. unless the British government dismantles its digital services tax targeting tech giants.

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Sainsbury's To Return £300M To Shareholders

By Dawood Fakhir

Grocery store chain Sainsbury's said Friday that it will return £300 million ($405 million) to its shareholders through a share buyback program over the next 12 months, with the first part worth £200 million set to begin immediately.

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Brief

Shipping Biz Taylor Maritime To Buy Back $30M Of Its Shares

By Irene Madongo

Shipping company Taylor Maritime Ltd. said Friday that it will return $30 million to investors through the purchase of their stock in a compulsory partial share redemption program, amid a managed sell-off of its assets.

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Brief

Mining Co. Raises £2.5M To Boost Stake In Zambian Lime Biz

By Irene Madongo

Firering Strategic Minerals PLC said Friday it has raised £2.5 million ($3.4 million) through a share sale to help fund its plans to increase the size of its stake in a Zambian lime producer.

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