Corporate

Pfizer reached an agreement for the acquisition of Medivation, one of the leading companies in the biotech sector in the fight against cancer, for around $ 14 billion. Pfizer is willing to pay $ 81.50 per share, a 21% premium based on the closing Medivation of Friday’s session.

The agreement comes after months from the start of negotiations and demand for Medivation, one of the most courted independent biotech companies in the world as it specializes in the sale of a drug against prostate cancer.

Negative rates on current accounts are making new fans: after the example of Raiffeisen Gmund, even the Royal Bank of Scotland, under pressure to the expansionary monetary policy of the Bank of England, will impose rates below zero on some types deposit.

From today, some large customers of the investment banking division will no longer maintain free cash as collateral in their accounts: a move that will result in a withdrawal for about 70 customers of the bank, owned by the British state for 73%. No change, at present, fot other accounts, personal and business.

Uber enters the unmanned car’s potential market. The private taxi service operated via app opens in the USA, in Pittsburgh, the first fleet of black cars to autonomous driving. For the marked car sharing, it will be a novelty, because so far had been groups such as Google, Apple, Fiat and Ford have attempted to innovate.

It does with Volvo, although the agreement is not exclusive, and at least in this first phase a "human" controller will oversee the journey sitting in the driving seat.

Harley-Davidson, the famous motorcycle manufacturer, has signed a plea agreement in the US for a total of $ 15 million to file allegations that the manufacturer of American motorcycles has violated the laws that impose a limit pollution from emissions.

According to the Justice Department and the Agency for Environmental Protection (EPA), the group has produced and sold about 340,000 illegal devices called "super tuner" that, once installed, they have allowed motorcycles emit more emissions than those certified. Also, is the thesis of the US government, Harley-Davidson has sold more than 12,000 motorcycles without a EPA certification with which it is ensured that a vehicle meets the required standards.

Pokemon Go is certainly the game of summer 2016 and the overall success has attracted the attention of social media experts to evaluate their effects, whereas so far as many as 100 million people in the world to have the download completes.
The Canadian magazine Global News has therefore commissioned Ipsos survey to understand the level of Pokemon Go pervasiveness leisure of his countrymen: the Nintendo app is competing directly with other pastimes such as Netflix or Facebook.

Russia could be the first country in the world to use an high speed public transportation. The main investor of the project is Ziyavudin Magomedov, the magnate at the head of the group "Summa." Magomedov and the Moscow authorities are considering the construction of Hyperloop to connect the city center with the "new Moscow" and the airports of the capital.

Glencore still in the midst of the crisis: the Zug-based giant in fact restricted even further their mining activities in the first six months of the year. The own copper production fell by 4% to 703’000 tons for coal, the decline was 14% to 58.8 million tons and zinc decreased by 31% to 506’500 tons.

With regard to oil extraction, it was limited to 4.4 million barrels in order to preserve stocks ahead of a hydrocarbon of the price increase, it said in a note today; Glencore has thus postponed the new mining activities. In contrast however the extraction of nickel, grew during the review period by 17%

Adecco in the first half has made a profit of 335 million euro (363.5 million francs), down 1% compared to the same period in 2015. Revenues for the world number one of temporary work are advanced by 3% , to 11 billion euro.

With constant exchange rates, the increase in sales is 5%, according to today’s statement from the Zurich group.
The EBITA Operating profit – before deducting interest, taxes, depreciation and amortization of goodwill (goodwill) – was 510 million euro, an increase of 3%. In the second quarter, net income instead advanced by 7% to 190 million euro, and the turnover of 2%, to 5.7 billion. The organic growth was 4%, similar to that of the first quarter.