Thursday, November 21

Tag: investigation

GoLocalProv | News Flash: Companies Don’t Want to Lose Money
27Jul By adminNo Comments
Money

GoLocalProv | News Flash: Companies Don’t Want to Lose Money

Thursday, July 27, 2023 Froma Harrop, Columnist   View Larger + Froma Harrop, Columnist Jimmy Patronis, Florida's "chief financial officer," said that Farmers Insurance pulled out of Florida not because it was losing money there but because the company was "woke." How that wokeness manifested itself, he does not say.  The profit motive is apparently a very shocking concept to the state official tasked with overseeing Florida's financial regulation. But if he does "get it," this would be the latest example of a right-wing Republican trying to undermine capitalism for political ends.  Let's not dignify Patronis' statement by calling it a "lie." Nor is it just stupid. It is "shtupid." GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLAST Because it is undeniable t...
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Pfizer’s proposed $43 bn takeover of Seagen faces EU investigation
15Jul By adminNo Comments
Business

Pfizer’s proposed $43 bn takeover of Seagen faces EU investigation

By Samuel Stolton Pfizer Inc.’s proposed $43 billion takeover of Seagen Inc. will face an investigation from the European Union’s merger enforcer as the bloc continues to scrutinize large biotechnology deals.      Seagen disclosed in a regulatory filing late Friday that both firms have referred the deal to the European Commission, and the EU executive has accepted jurisdiction for investigating the proposal. The filings say that EU approval is a condition for the deal to close.    In the United States, the Federal Trade Commission will subject the proposed merger to an in-depth antitrust review, as is normal for major deals. The companies said when the takeover was announced that they expected close FTC scrutiny. Pfizer announced in March...
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