Reuters Before the Bell: Celgene to sell psoriasis drug Otezla for $13.4 billion to Amgen

Click to View in Browser Monday, August 26, 2019 Celgene to sell psoriasis drug Otezla for $13.4 billion to Amgen Celgene Corp will sell its psoriasis drug Otezla for $13.4 billion in cash to Amgen Inc, taking Celgene a step closer to a $74-billion takeover by Bristol-Myers Squibb Co. Trump says China talks coming, Beijing calls for trade war resolution The United States and China sought to ease trade war tensions on Monday, with Beijing calling for calm and U.S. President Donald Trump predicting a deal after markets fell in response to new tariffs from both countries. Factbox: China's tariffs on U.S. commodities and energy In the escalating China-U.S. trade war Beijing on Aug. 23 retaliated with tariffs on about $75 billion worth of U.S. goods including imposing additional tariffs on crude oil for the first time. Global stocks edge higher as Trump acts to ease China trade tensions Stock markets clawed themselves off their lows on Monday but sentiment remained fragile after the latest flare-up in the U.S.-China trade war sent investors scrambling into government bonds and battered emerging market currencies. Trump welcomes China's call for 'calm' trade talks, wants same in Hong Kong U.S. President Donald Trump on Monday said China's call for "calm" trade negotiations sent a positive message and should also be applied to the situation in Hong Kong. Tencent launches WeChat for drivers Tencent Holdings on Monday unveiled a version of its popular social media app WeChat tailor-made for drivers with state-backed Chinese carmaker China Chang'an Automobile Group, marking a further foray into transportation solutions. Trump, asked if could delay China tariffs, says: 'Anything is possible' U.S. President Donald Trump said on Monday that trade negotiations with China were in a much better position than at any time and, asked if he could delay planned tariffs on Chinese goods, replied: "Anything is possible". Oil rises on hopes of easing U.S.-China trade tension Oil prices rose on Monday after the United States and China both suggested they could ease up in a trade war that has undermined the outlook for the global economy and crude demand. Trump says hopes doesn't have to consider tariffs on German cars U.S. President Donald Trump said on Monday that he and German Chancellor Angela Merkel discussed a trade deal with the European Union and said he hoped Washington would not have to consider imposing tariffs on German cars. Japan denies it gave Trump too much in trade talks Japan's top government spokesman denied on Monday that Tokyo made too many concessions in trade talks with the United States, saying the fact the two countries were able to reach a broad agreement was "very valuable." Related Video Japan denies giving up 'too much' in trade talks Trump, Abe agree on principles of trade deal at G7 Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2019 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