AstraZeneca says it plans to amass China-based Gracell Biotechnologies, which develops cell therapies that concentrate on autoimmune illnesses and most cancers, for as much as $1.2 billion. The deal would add potential new therapies for illnesses together with a number of myeloma and systemic lupus erythematosus (SLE) to the multinational pharmaceutical large’s portfolio. Full story.
Greater than half of U.S. firms plan to maintain hiring within the first half of 2024, together with including everlasting new roles and filling vacant ones. That’s in keeping with a “state of hiring” survey from HR consulting agency Robert Half. The findings come regardless of quite a few latest mass layoff bulletins from high-profile firms akin to Spotify and Hasbro. Full story.
The Biden administration has opted to not veto an import ban that can have an effect on sure Apple Watch fashions, which means the tech large will now not promote these fashions in america. The ban from the U.S. Worldwide Commerce Fee—which takes impact on Tuesday—stemmed from a patent dispute over a characteristic within the gadgets that permits blood-oxygen measurements. The fee dominated that Apple illegally integrated know-how from health-tech firm Masimo. “We strongly disagree with the USITC resolution and ensuing exclusion order, and are taking all measures to return Apple Watch Collection 9 and Apple Watch Extremely 2 to prospects within the U.S. as quickly as attainable,” Apple mentioned in a press release. Full story.
Grayscale Investments chairman Barry Silbert is stepping down from the board, efficient January 1. The surprising transfer comes at a essential time for the digital asset supervisor; Grayscale has an utility pending with the Securities and Change Fee (SEC) for certainly one of quite a few much-anticipated Bitcoin ETFs. A call by the SEC is predicted this month. Silbert will likely be changed by Mark Shifke. No purpose was given for the board shakeup. Full story.