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Christie’s to auction rare watch once owned by Egyptian king

DUBAI (Reuters) – A rare gold watch once owned by Egypt’s King Farouk is expected to fetch $400,000 to $800,000 when it auctions this week at Christie’s in Dubai. Made in 1944 and embossed with old Egyptian royal crest, the Patek Philippe 1518 with perpetual c... More »

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German utilities overhaul supports European stocks

The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 12, 2018. REUTERS/Staff/Remote MILAN (Reuters) – European shares hit their highest level in almost two weeks on Monday, boosted by gains among German utilities ... More »

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Euro gains, dollar drops, as risk appetite revives

FILE PHOTO: A picture illustration of Euro banknotes, April 25, 2014. REUTERS/Dado Ruvic/Illustration/File Photo LONDON (Reuters) – The euro gained on Monday and the dollar dropped as last week’s strong U.S. jobs numbers and receding fears over a trade war hel... More »

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GSK wins new reprieve as Hikma’s generic Advair delayed again

(Reuters) – GlaxoSmithKline has won a further reprieve for its blockbuster Advair lung drug after U.S. regulators insisted Hikma Pharmaceuticals conduct a further clinical study evaluating its generic version of the drug. The Jordan-based firm said on Monday i... More »

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Djokovic suffers ‘weird’ loss to qualifier at Indian Wells

Mar 11, 2018- Indian Wells, CA, USA- Novak Djokovic (SRB) during his second round match against Taro Daniel (not pictured) in the BNP Paribas Open at the Indian Wells Tennis Garden. Daniel won the match. Jayne Kamin-Oncea-USA TODAY Sports (Reuters) – Novak Djo... More »

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How infertility treatment has left sperm science behind

FILE PHOTO: Doctor Katarzyna Koziol injects sperm directly into an egg during in-vitro fertilization (IVF) procedure called Intracytoplasmic Sperm Injection (ICSI) at Novum clinic in Warsaw, Poland October 26, 2010. REUTERS/Kacper Pempel /File Photo LONDON, (R... More »

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Wawrinka withdraws from Indian Wells and Miami Open

FILE PHOTO: Tennis – Australian Open – Margaret Court Arena, Melbourne, Australia, January 18, 2018. Switzerland’s Stan Wawrinka walks off court after losing his match against Tennys Sandgren of the U.S. REUTERS/Toru Hanai (Reuters) – Former world number three... More »

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Big pharma, big data: why drugmakers want your health records

FILE PHOTO: A surgery nurse is seen beside the heart beat monitor in the operating theatre of the Unfallkrankenhaus Berlin (UKB) hospital in Berlin, Germany February 29, 2008. REUTERS/Fabrizio Bensch /File Photo LONDON (Reuters) – Drugmakers are racing to scoo... More »

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U.S. volatility fund sponsor tweaks strategy after market plunge

NEW YORK (Reuters) – A company behind U.S.-based funds tied to Wall Street’s “fear gauge” is making changes to its investment strategy after a sudden market plunge this month routed traders betting on the complex instrument. Investors’ once-profitable wagers o... More »

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As mining investors push caution, Glencore differs from rivals

FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, November 20, 2012. REUTERS/Arnd Wiegmann/File Photo TORONTO/MELBOURNE (Reuters) – As shareholders push the world’s cash-rich miners to ... More »

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Swiss watchdog to treat some coin offerings as securities

FILE PHOTO: Cryptocurrencies are seen on a website that tracks the value of initial coin offerings (ICO) in this illustration. REUTERS/Thomas White/Illustration/File Photo ZURICH (Reuters) – Switzerland’s financial watchdog will regulate some digital currency ... More »

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Alpine skiing: Swede Hansdotter wins gold, no medal for Shiffrin

Alpine Skiing – Pyeongchang 2018 Winter Olympics – Women’s Slalom – Yongpyong Alpine Centre – Pyeongchang, South Korea – February 16, 2018 – Frida Hansdotter of Sweden reacts during the victory ceremony. REUTERS/Mike Segar PYEONGCHANG, South Korea (Reuters) – ... More »

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Alpine skiing: Swiss Holdener wants more after surprise silver

Alpine Skiing – Pyeongchang 2018 Winter Olympics – Women’s Slalom – Yongpyong Alpine Centre – Pyeongchang, South Korea – February 16, 2018 – Silver medalist Wendy Holdener of Switzerland celebrates. REUTERS/Mike Segar PYEONGCHANG, South Korea (Reuters) – Swiss... More »

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Alpine skiing: Happy Hansdotter enjoys Shiffrin-less podium

Alpine Skiing – Pyeongchang 2018 Winter Olympics – Women’s Slalom – Yongpyong Alpine Centre – Pyeongchang, South Korea – February 16, 2018 – Frida Hansdotter of Sweden celebrates. REUTERS/Mike Segar TPX IMAGES OF THE DAY PYEONGCHANG, South Korea (Reuters) – Cl... More »

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Swiss skiers first athletes hit by norovirus at Games

Feb 12, 2018- Gangneung, South Korea- Visitors pose for a photo on the Olympic Rings at Gangneung Olympic Park during the Pyeongchang 2018 Olympic Winter Games. Kelvin Kuo-USA TODAY Sports PYEONGCHANG, South Korea (Reuters) – Two Swiss freestyle skiers are the... More »

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Inflation threat deepens European equity sell-off

The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, February 2, 2018. REUTERS/Staff/Remote LONDON (Reuters) – European stocks suffered a sharp sell-off at the open on Monday, tracking big drops in Asia as growing infla... More »

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Blockchain to track Congo’s cobalt from mine to mobile

FILE PHOTO: Part of Tilwizembe, a former industrial copper-cobalt mine now occupied by artisanal miners, is seen outside Kolwezi, the capital city of Lualaba Province in the south of Democratic Republic of Congo, June 11, 2016. REUTERS/Aaron Ross/File Photo LO... More »

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CAS overturns doping bans on 28 Russian athletes

Matthieu Reeb, Secretary General of the Court of Arbitration for Sport speaks during a news conference in Pyeongchang, South Korea, February 1, 2018. REUTERS/Pawel Kopczynski ZURICH (Reuters) – Twenty-eight Russian athletes have had their Olympic doping bans o... More »

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Evergreen Federer planning Melbourne return in 2019

Tennis – Australian Open – Melbourne, Australia, January 29, 2018. Roger Federer of Switzerland poses with the men’s singles trophy during the winner’s photoshoot at the government house in Melbourne, Australia. REUTERS/Edgar Su MELBOURNE (Reuters) – Australia... More »

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U.S. SEC files suit over possible insider trading on Bioverativ

FILE PHOTO: The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, DC, U.S., June 24, 2011. REUTERS/Jonathan Ernst/File Photo (Reuters) – The U.S. Securities and Exchange Commission filed an insider trading... More »

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Roche hemophilia drug lowers costs despite high price: ICER

Logo of Swiss drugmaker Roche is seen beside the entrance of its research unit Roche Glycart AG in Schlieren, Switzerland December 18, 2017. REUTERS/Arnd Wiegmann (Reuters) – A costly new Roche Holding AG drug to treat the bleeding disorder hemophilia A could ... More »

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FDA clears radioactive drug for cancer that killed Steve Jobs

(Reuters) – The U.S. Food and Drug Administration on Thursday approved a radioactive drug to treat the ultra-rare type of digestive tract cancer that killed Steve Jobs in 2011. The approval for Advanced Accelerator Applications SA’s Lutathera comes just days a... More »

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No daylight between Trump, Mnuchin on dollar: official

DAVOS, Switzerland (Reuters) – There is no difference between President Donald Trump’s attitude to the strength of the U.S. dollar and that of Treasury Secretary Steven Mnuchin, a senior administration official said on Friday. “I don’t think there’s any daylig... More »

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Trump to tell Davos he won’t tolerate trade abuses, IP theft

U.S. President Donald Trump arrives. REUTERS/Denis Balibouse DAVOS, Switzerland (Reuters) – U.S. President Donald Trump will urge a top-level gathering of political leaders and chief executives on Friday that his administration will not tolerate intellectual p... More »

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Dominant Federer into Australian Open final after Chung quits

Tennis – Australian Open – Semifinals – Rod Laver Arena, Melbourne, Australia, January 26, 2018. Switzerland’s Roger Federer celebrates after winning his match against South Korea’s Chung Hyeon. REUTERS/Issei Kato MELBOURNE (Reuters) – A ruthless Roger Federer... More »

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Roche chairman sees opportunities for drugmakers under Trump

The chairman of Swiss pharmaceutical company Roche, Christoph Franz speaks to media after the annual general meeting in Basel March 4, 2014. REUTERS/Ruben Sprich ZURICH (Reuters) – Fears U.S. President Donald Trump could damage the drugs industry have not been... More »

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Growth at UBS’s U.S. investment lags boss’s ambitions

The logo of Swiss bank UBS is seen at a branch office in Zurich, Switzerland January 22, 2018. REUTERS/Arnd Wiegmann ZURICH (Reuters) – UBS’s investment banking business in the United States is doing well but lags its boss’s ambitions, he said on Friday. “In o... More »

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U.S. panel deals blow to Philip Morris tobacco device

FILE PHOTO: A man poses for a photograph while using a Philip Morris iQOS smoking device, in Bogota, Colombia November 14, 2017. REUTERS/Jaime Saldarriaga/File Photo WASHINGTON (Reuters) – Philip Morris International Inc should not be allowed to claim its iQOS... More »

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Dollar wallows near three-year lows on U.S. government shutdown

FILE PHOTO: Sheets of former U.S. President Abraham Lincoln on the five-dollar bill currency are inspected through a magnifying glass at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron/File Photo LONDON (Reuters) – The d... More »

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Federer makes light of day shift to ease into last eight

Tennis – Australian Open – Rod Laver Arena, Melbourne, Australia, January 22, 2018. Roger Federer of Switzerland celebrates winning against Marton Fucsovics of Hungary. REUTERS/Thomas Peter MELBOURNE (Reuters) – Roger Federer was a strictly nocturnal beast thr... More »

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Davos organizer still counting on Trump to attend

DAVOS, Switzerland (Reuters) – The World Economic Forum (WEF) still expects U.S. President Donald Trump to attend its annual meeting in the Swiss Alps this week, the forum’s chairman Klaus Schwab said on Sunday. Schwab made the comments in an interview with Re... More »

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Tennis: Berdych sweeps past Fognini into quarter-finals

Tennis – Australian Open – Margaret Court Arena, Melbourne, Australia, January 22, 2018. Tomas Berdych of Czech Republic celebrates winning against Fabio Fognini of Italy. REUTERS/Toru Hanai MELBOURNE (Reuters) – Tomas Berdych belied his lowest seeding at a gr... More »

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Trust in U.S. institutions plunges in Trump’s first year

FILE PHOTO: U.S. President Donald Trump appears on stage at a rally in Harrisburg, Pennsylvania, U.S. April 29, 2017. REUTERS/Carlo Allegri/File Photo DAVOS, Switzerland (Reuters) – Trust in U.S. institutions, particularly the government, has plunged in Presid... More »

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Facebook to open digital training hubs in Europe

FILE PHOTO: Balloons are seen in front of a logo at Facebook’s headquarters in London, Britain, December 4, 2017. REUTERS/Toby Melville/File Photo BRUSSELS (Reuters) – Facebook (FB.O) said on Monday it will open three new centers in Europe to train people in d... More »

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‘Upside down’ artist Baselitz celebrated in retrospective

Director Sam Keller (L) of the Fondation Beyeler listens to German artist Georg Baselitz during a media preview of the exhibition ‘Baselitz’ in Riehen near Basel, Switzerland January 19, 2018. REUTERS/Arnd Wiegmann RIEHEN, Switzerland (Reuters) – Georg Baselit... More »

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Highlights: Australian Open day one

MELBOURNE (Reuters) – Highlights of Monday’s opening day of the Australian Open, the first grand slam tournament of the year: 0955 NADAL KICKSTARTS 2018 IN STYLE World number one Rafa Nadal, playing his first competitive match of the year, hit top form as he c... More »

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German property developer Instone targets March IPO: sources

FRANKFURT (Reuters) – German residential property developer Instone Real Estate is targeting a flotation on the Frankfurt stock exchange in March, adding to a growing pipeline of spring listings in Germany, people close to the matter said. The company is worki... More »

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Federer still the man to beat at Melbourne Park

Tennis – Australian Open – Melbourne Park, Melbourne, Australia, January 11, 2018. Switzerland’s Roger Federer holds the Men’s singles trophy as he participates in the official draw ceremony ahead of the Australian Open tennis tournament. REUTERS/David Gray ME... More »

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Halep leads host of contenders for Serena’s crown

Tennis – Australian Open – Melbourne Park, Melbourne, Australia, January 12, 2018. Romania’s Simona Halep hits a shot during a practice session ahead of the Australian Open tennis tournament. REUTERS/David Gray (Reuters) – Picking a women’s singles champion at... More »

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Penpix of top men’s contenders at the Australian Open

(Reuters) – Penpix of top men’s contenders at the 2018 Australian Open, which begins at Melbourne Park on Monday. Roger Federer (Switzerland) World ranking: 2 Born: Aug. 8, 1981 (Age 36) Height: 1.85 metres Plays: Right-handed Grand slam titles: 19 (Australian... More »

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Drugmakers see a pricing blueprint in an $850,000 gene therapy

SAN FRANCISCO (Reuters) – Global drugmakers are looking to a tiny biotech’s $850,000 therapy for a rare type of blindness as a model for getting paid for highly expensive – and effective – new medicines. Spark Therapeutics Inc plans to launch its recently appr... More »

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Swiss mountain town Davos relishes its turn in Trump spotlight

The logo of the town is seen in the Swiss mountain resort of Davos, Switzerland, January 11, 2018 REUTERS/Arnd Wiegmann DAVOS, Switzerland (Reuters) – The Swiss Alpine town of Davos is used to celebrities and high-rollers, but even it is relishing the new chal... More »

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Roche’s star MS medicine Ocrevus wins EU approval

The logo of Swiss pharmaceutical company Roche is seen outside their headquarters in Basel, January 30, 2014. To match special report USA-FDA/CASES REUTERS/Ruben Sprich/File Photo ZURICH (Reuters) – The European Union approved Roche’s multiple sclerosis medici... More »

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Forty-two Russians appeal against Olympic bans: CAS

FILE PHOTO: The International Olympic Committee (IOC) headquarters is pictured on the day of an Executive Board meeting on sanctions for Russian athletes in Lausanne, Switzerland December 5, 2017. REUTERS/Denis Balibouse ZURICH (Reuters) – Forty-two Russians h... More »

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How alcohol damages stem cell DNA and increases cancer risk

Professor Ketan Patel works in the lab at MRC Laboratory of Molecular Biology in Cambridge, Britain January 2, 2018. Picture taken January 2, 2018. REUTERS/Chris Radburn LONDON (Reuters) – Drinking alcohol produces a harmful chemical in the body which can lead... More »

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Roche to buy U.S. cancer drugmaker Ignyta for $1.7 billion

FILE PHOTO: The logo of Swiss pharmaceutical company Roche is seen outside their headquarters in Basel, Switzerland, January 30, 2014. REUTERS/Ruben Sprich/File Photo (Reuters) – Swiss drugmaker Roche (ROG.S) will buy U.S. cancer drugmaker Ignyta Inc (RXDX.O) ... More »

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Novartis combo therapy for melanoma gets FDA priority review

FILE PHOTO: Swiss drugmaker Novartis’ logo is seen at the company’s plant in the northern Swiss town of Stein, Switzerland October 23, 2017. REUTERS/Arnd Wiegmann ZURICH (Reuters) – The U.S. Food and Drug Administration has granted priority review for Novartis... More »

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Alphabet’s Eric Schmidt to step down as executive chairman

SAN FRANCISCO (Reuters) – Alphabet Inc (GOOGL.O) said on Thursday its Executive Chairman Eric Schmidt will step down in January, ending a 17-year-run in which he played a central role in building a promising startup called Google into a global technology power... More »

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House widens ethics probe to include Farenthold campaign work

FILE PHOTO: Rep. Blake Farenthold arrives before Deputy U.S. Attorney General Rod Rosenstein testifies to the House Judiciary Committee hearing on oversight of the Justice Department on Capitol Hill in Washington, U.S., December 13, 2017. REUTERS/Joshua Robert... More »

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Hurricane-hit catastrophe bond managers plan new funds

LONDON (Reuters) – Hedge funds and other managers of catastrophe bond funds racked up some of the worst losses in more than a decade from this year’s hurricanes and wildfires. But a year that is shaping up to be the costliest on record for insurance losses fro... More »

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Dollar dips on U.S. tax reform caution

FILE PHOTO: U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration/File Photo LONDON (Reuters) – The dollar dipped against a basket of major currencies on Monday, on caution ahead of a vote in U.S. Congress on... More »

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Farah crowned BBC Sports Personality of the Year

Athletics – London Anniversary Games – London, Britain – July 9, 2017 Great Britain’s Mo Farah celebrates winning the Men’s 3000m REUTERS/Hannah McKay LONDON (Reuters) – Britain’s Olympic and world champion Mo Farah capped his final season as a track athlete b... More »

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Alpine skiing: Hirscher destroys field to win again in Alta Badia

Alpine Skiing – FIS Alpine Skiing World Cup – Men’s Alpine Giant Slalom – Alta Badia, Italy – December 17, 2017 – Austria’s Marcel Hirscher celebrates after winning the Men’s Giant Slalom. REUTERS/Stefano Rellandini ALTA BADIA, Italy (Reuters) – Austrian Marce... More »

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Alpine skiing: Veith wins first race since injury, Vonn pulls out

Alpine Skiing – Women’s Alpine Skiing World Cup Super G – Val d´Isere, France – December 16, 2017 Lindsey Vonn of the U.S. celebrates after winning the Women’s Super G REUTERS/Robert Pratta VAL D‘ISERE, France (Reuters) – Olympic champion Anna Veith won her fi... More »

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Roche, Shire court fight escalates over haemophilia drug

FILE PHOTO: The logo of Swiss pharmaceutical company Roche is seen outside their headquarters in Basel, Switzerland, January 30, 2014. REUTERS/Ruben Sprich/File Photo ZURICH (Reuters) – Roche’s patent dispute with London-listed Shire over the Swiss drugmaker’s... More »

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FIFA watchdog bans Brazilian soccer chief Del Nero for 90 days

FILE PHOTO: President of Brazilian Soccer Confederation (CBF) Marco Polo Del Nero arrives for a news conference after the announcement of the players for the 2018 World Cup qualifiers, in Rio de Janeiro, Brazil, October 22, 2015. REUTERS/Sergio Moraes/File Pho... More »

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Dollar dips against yen- bitcoin surges again

A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration LONDON (Reuters) – The dollar slipped to a nine-day low against the yen on Friday, after wrangling in the United States Congress over a bill to change the ta... More »

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Germany’s Merck in fresh bid to enter U.S. MS pill market

The logo of German pharmaceuticals company Merck is seen in front of the company’s headquarters in Darmstadt, Germany, May 16, 2016. REUTERS/Kai Pfaffenbach FRANKFURT (Reuters) – Germany’s Merck KGaA (MRCG.DE) is reviving plans to bring an oral multiple sclero... More »

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Merck raises stakes in lung cancer as rivals close in

LOS ANGELES (Reuters) – Merck & Co Inc, maker of the only immunotherapy approved for patients newly-diagnosed with the most common type of lung cancer, could solidify its lead by playing the long game, even as rivals edge closer. Shares of Merck have fallen 10... More »