Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
Arrowhead Pharmaceuticals said on Thursday Johnson & Johnson would develop and market its gene-silencing Hepatitis B drug and pick up a minor stake in the company in a deal that could be potentially worth more than $3.7 billion.
Under the deal, J&J's Janssen Pharmaceuticals unit will obtain a worldwide license for Arrowhead's ARO-HBV drug and an option to collaborate on up to three new RNA interference (RNAi) drugs, which use gene-silencing technology.
J&J will make a $75 million equity investment in Arrowhead at $23 per share, a premium of about 24 percent to the company's Wednesday close. Arrowhead will also get $175 million upfront, the company said in a statement.
Arrowhead is also eligible to receive up to $1.6 billion in milestone payments for the Hepatitis B license agreement and about $1.9 billion in option and milestone payments for the collaboration agreement related to up to three additional targets.
The deal validates J&J's interest in Arrowhead's Targeted RNAi Molecule (TRiM) technology, the Pasadena, California-based company said in a statement.
Using TRiM, Arrowhead develops RNAi medicines that treat diseases by targeting and silencing specific genetic material, thereby blocking the production of disease-causing proteins.
The deal comes a month after Arrowhead released data from an early trial testing ARO-HBV. Analysts had dubbed the drug's results as "revolutionary", saying that the company was positioned to develop a functional cure for Hepatitis B.
Hepatitis B, which affects an estimated 257 million people, is a life-threatening viral infection that attacks the liver. It is transmitted through contact with body fluids and patients risk death from cirrhosis and liver cancer.
Janssen will also fund Arrowhead to develop and test three new drugs in animals, following which the healthcare conglomerate will have the option to develop them further and sell them.
In August, Alnylam Pharmaceuticals received the first U.S. approval for an RNAi drug, affirming the gene-silencing class of drugs as a new frontier in the field of medicine.
Arrowhead's market value has risen five fold since the start of the year.