Breaking business news: Sanofi beats Novo to buy Ablynx for $4.8 billion in biotech M&A boom

Click to View in Browser Monday, January 29, 2018 Sanofi beats Novo to buy Ablynx for $4.8 billion in biotech M&A boom PARIS/LONDON (Reuters) - French drugmaker Sanofi has agreed to buy Belgian biotech company Ablynx for 3.9 billion euros ($4.8 billion), beating Novo Nordisk and marking its second big deal this month after buying Bioverativ. Tech stocks reach record, bond yields rise again LONDON (Reuters) - Technology stocks rallied on Monday at the start of a big week of earnings for the sector globally, while bond yields hit multi-year highs as investors braced for major central banks to step back from ultra-easy monetary policies. Trump security team sees building U.S. 5G network as option WASHINGTON (Reuters) - President Donald Trump's national security team is looking at options to counter the threat of China spying on U.S. phone calls that include the government building a super-fast 5G wireless network, a senior administration official said on Sunday. Shares in Prince Alwaleed's firm soar, but banks remain cautious DUBAI (Reuters) - Prince Alwaleed bin Talal's freedom has sent shares of his flagship company soaring, but banks will remain cautious about dealing with his company until they have more clarity about the circumstances of his release from a corruption probe. Apple set to halve first quarter iPhone X production target: Nikkei (Reuters) - Apple Inc has notified suppliers that it will halve its iPhone X production target for the first quarter to around 20 million units, Nikkei reported on Monday without citing a source. Facebook makes privacy push ahead of strict EU law BRUSSELS (Reuters) - Facebook said on Monday it was publishing its privacy principles for the first time and rolling out educational videos to help users control who has access to their information, as it prepares for the start of a tough new EU data protection law. Japan raps Coincheck, orders broader checks after $530 million cryptocurrency theft TOKYO (Reuters) - Japan's financial regulator said on Monday it would inspect all cryptocurrency exchanges and ordered Coincheck to get its act together after hackers stole $530 million worth of digital money from its exchange in one of the biggest cyber heists on record. U.S. authorities due to make arrests in futures 'spoofing' probe: sources WASHINGTON (Reuters) - U.S. authorities were set to arrest several people on Monday in connection with a federal investigation into so-called spoofing and manipulation in the U.S. futures market by three European banks, three people with direct knowledge of the matter told Reuters. Hung out to dry twice, Tennessee city stumped by Trump's washer tariffs CLARKSVILLE, Tenn. (Reuters) - When President Donald Trump's imposed steep tariffs on imported washing machines last week it was a "Not Again" moment for officials in this north Tennessee city that has lost jobs to an international trade dispute before. VW supervisory board demands inquiry into diesel fume tests FRANKFURT (Reuters) - Volkswagen's supervisory board called on Monday for an immediate inquiry into who ordered scientific tests in which monkeys were exposed to toxic diesel fumes, while the German government said such studies were unjustifiable. Related Video Saudi corruption purge winds down but mysteries remain A Tennessee town braces for Trump's new tariffs Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2018 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook