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Biogen to bulk up rare disease treatments with $7 billion Reata acquisition

Published Fri, 22 Nov 2024 04:54:44 GMT

Biogen is spending more than $7 billion to buy Reata Pharmaceuticals and bolster its rare disease treatments.The Alzheimer’s treatment developer said Friday it will pay $172.50 in cash for each share of Reata in a deal it expects to close by the end of this year.Plano, Texas-based Reata focuses on developing treatments that regulate cellular metabolism and deal with inflammation in serious neurologic diseases. It makes Skyclarys, an FDA-approved treatment for the neurologic disorder Freidreich’s ataxia.Biogen puts an enterprise value of $7.3 billion on the acquisition, and said it would slightly dilute adjusted earnings per share this year, and be roughly neutral next year before becoming “significantly accretive” in 2025.Regulators and Reata shareholders still need to approve the deal.Biogen makes the multiple sclerosis treatments Techfidera and Tysabri as well as the spinal muscular atrophy treatment Spinraza. It also is partnering with Japanese drugmaker Eisai to sell the new Alz...

W.P. Carey: Q2 Earnings Snapshot

Published Fri, 22 Nov 2024 04:54:44 GMT

NEW YORK (AP) — NEW YORK (AP) — W.P. Carey Inc. (WPC) on Friday reported a key measure of profitability in its second quarter.The real estate investment trust, based in New York, said it had funds from operations of $293.3 million, or $1.36 per share, in the period.Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.The company said it had net income of $144.6 million, or 67 cents per share.The real estate investment trust, based in New York, posted revenue of $452.6 million in the period.W.P. Carey expects full-year funds from operations in the range of $5.32 to $5.38 per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WPC at https://www.zacks.com/ap/WPCSource

Saia: Q2 Earnings Snapshot

Published Fri, 22 Nov 2024 04:54:44 GMT

JOHNS CREEK, Ga. (AP) — JOHNS CREEK, Ga. (AP) — Saia Inc. (SAIA) on Friday reported second-quarter earnings of $91.3 million.On a per-share basis, the Johns Creek, Georgia-based company said it had profit of $3.42.The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.25 per share.The trucking company posted revenue of $694.6 million in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $700.3 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAIA at https://www.zacks.com/ap/SAIASource

Niger state television declares Gen. Abdourahmane Tchiani the leader of mutinous soldiers who staged a coup

Published Fri, 22 Nov 2024 04:54:44 GMT

NIAMEY, Niger (AP) — Niger state television declares Gen. Abdourahmane Tchiani the leader of mutinous soldiers who staged a coup.Source

Singapur ejecuta a la primera mujer en casi dos décadas por tráfico de drogas

Published Fri, 22 Nov 2024 04:54:44 GMT

(CNN) — Singapur ahorcó este viernes a una mujer condenada por intentar traficar unos 30 gramos de heroína, la primera ejecución de una prisionera en casi dos décadas. Grupos defensores de derechos humanos denunciaron el hecho como una “hito sombrío” para la ciudad estado y sus leyes antidrogas notoriamente duras.Saridewi Djamani, una singapurense de 45 años, fue ejecutada este viernes en la prisión de Changi, dijo la Oficina Central de Narcóticos (CNB) en un comunicado emitido horas después del ahorcamiento.Fue sentenciada a la pena de muerte obligatoria en 2018 luego de ser declarada culpable de posesión de 31 gramos de heroína.“Se le otorgó el debido proceso conforme a la ley y estuvo representada por un abogado durante todo el proceso”, dijo el CNB, y agregó que las leyes de Singapur permiten la pena de muerte por tráfico de más de 15 gramos de heroína.Saridewi es la primera mujer ahorcada en Singapur desde la peluquera Yen May Woen, de 36 años, en 2004, que también fue co...

Aplazan los premios Emmy por primera vez en dos décadas

Published Fri, 22 Nov 2024 04:54:44 GMT

La Academia de Televisión y la cadena Fox han decidido posponer a enero de 2024 la ceremonia de los Premios Emmy ante la huelga que mantienen los sindicatos de actores y guionistas.El medio especializado The Hollywood Reporter informó que los premios anuales conocidos como Emmy Primetime, que estaban previstos para el 18 de septiembre, están siendo reprogramados para enero, aunque aún no hay una fecha definitiva para su entrega.La revista, que cita fuentes cercanas a la programación de los premios, informó que “idealmente” la edición 2023 de entrega de los Emmy no se celebrará hasta que el Sindicato de Actores de Estados Unidos (SAG-AFTRA, por sus siglas en inglés) y el de guionistas lleguen a un acuerdo con la Alianza de Productores de Cine y Televisión.“Tanto la Academia de Televisión como la cadena ​​​​Fox todavía están en conversaciones sobre para cuándo se reprogramará el evento”, aseguró The Hollywood Reporter. Los mejores momentos de los ...

European Parliament set to grow by 15 MEPs in 2024

Published Fri, 22 Nov 2024 04:54:44 GMT

BRUSSELS — An extra 15 MEPs will take up their seats in the European Parliament following next year’s EU elections, after governments struck a preliminary agreement on the size and shape of its composition.The biggest winners are France, Spain and the Netherlands, as each of these countries will gain two MEPs, while the countries that will add one more are Austria, Belgium, Poland, Slovenia, Slovakia, Finland, Latvia, Ireland and Denmark, according to a document from the Council of the EU dated July 26. No country will lose any spots in the hemicycle.The changes — which still need formal legal approval by the European Council and the Parliament itself — will take the number of seats from 705 to 720 between 2024 and 2029.The Parliament — which doesn’t have the power to decide on its own composition alone — had sketched out a slightly different shape for itself, which would have brought the increase to only 716. In the negotiations between governme...

Third racism scandal hits Finland’s government in space of a month

Published Fri, 22 Nov 2024 04:54:44 GMT

Finland’s right-wing coalition government has only been in office for a little over a month and has now been rocked by its third racism scandal, after a media report uncovered racist messages sent by the minister of economic affairs.Wille Rydman — of the far-right Finns Party — used racial slurs in private messages with his then-girlfriend in 2016, according to Helsingin Sanomat. According to the report, Rydman said he would rather ban headscarf-wearers than headscarves, and told his then-partner when she suggested giving her future children traditional Hebrew names: “We Nazis don’t really like that kind of stuff.”At the time Rydman sent the messages, he was a 30-year-old member of parliament for the National Coalition Party. He joined the Finns Party earlier this year and was appointed minister of economic affairs in June. On Friday morning, Prime Minister Petteri Orpo discussed Rydman’s messages with the chairs of the government parties. He wants to se...

The Eagles announce the death of founding member Randy Meisner at 77

Published Fri, 22 Nov 2024 04:54:44 GMT

(CNN) — Randy Meisner, who was a co-founding member of legendary rock band the Eagles and served as a bassist and vocalist, has died, according to an announcement on the band’s official site. He was 77.“The Eagles are sad to report that founding member, bassist, and vocalist, Randy Meisner, passed away last night (July 26) in Los Angeles at age 77, due to complications from Chronic Obstructive Pulmonary disease (COPD),” the statement, posted on Thursday, read.“Randy was an integral part of the Eagles and instrumental in the early success of the band. His vocal range was astonishing, as is evident on his signature ballad, ‘Take It to the Limit,’” said the Eagles.Meisner’s musical career began with Rick Nelson’s Stone Canyon Band as their vocalist and bassist. He later joined country-rock band Poco as their original bass player in the 1960s before forming the Eagles in 1971 with the band’s original members, Glenn Frey, Don Henley and Bernie Leadon.Meisner cont...

Police investigating deadly crash in Taunton

Published Fri, 22 Nov 2024 04:54:44 GMT

An investigation got underway Friday after a deadly crash involving a moped and an SUV in Taunton on Friday, police said.Taunton police, in a statement, said officers responded to the area of Bay Street and I-495 for reports of a crash around 6:30 a.m. A state police spokesperson said troopers also responded and closed the off-ramp from I-495 to Bay Street.On scene, Taunton police said officers found the moped and the SUV had collided near the off-ramp.The moped rider, described as a 60-year-old Taunton man was flown by helicopter to a hospital, according to police. The SUV’s driver, described as a 47-year-old Carver, did not report any injuries.State police confirmed the crash was fatal around 8:30 a.m.The Taunton Police Department said it was actively investigating the crash as of Friday morning.No additional information was immediately available.This is a developing news story; stay with 7NEWS on-air and online for the latest details.