Pharma giant GSK just made a $5.1 billion bet on a cancer drugmaker (GSK, TSRO)

Reuters via handout GlaxoSmithKline just agreed to acquire the cancer drugmaker Tesaro for $ 5.1 billion in a bid to bulk up its cancer pipeline.  Tesaro makes a drug called Zejula, which is used to treat ovarian cancer.  GSK has been working to refresh its research-and-development strategy — in July it made a $ 300 […]

Pharma giant GSK just made a $5.1 billion bet on a cancer drugmaker (GSK, TSRO)

Reuters via handout GlaxoSmithKline just agreed to acquire the cancer drugmaker Tesaro for $ 5.1 billion in a bid to bulk up its cancer pipeline.  Tesaro makes a drug called Zejula, which is used to treat ovarian cancer.  GSK has been working to refresh its research-and-development strategy — in July it made a $ 300 […]

Shares in one of Britain’s biggest coffee chains surge 20% after Coca-Cola announces $5.1 billion takeover

Daniel Berehulak / Getty US beverage giant Coca-Cola will buy British coffee shop chain Costa in a surprise acquisition. Costa, which is currently owned by Whitbread, is being sold for £3.9 billion ($ 5.1 billion). Coca-Cola currently has no presence in the coffee market, and wants to use the deal to expand into the space. […]

California’s cannabis market is expected to soar to $5.1 billion — and it’s going to be bigger than beer

AP Photo/Richard Vogel California is set to begin sales of recreational marijuana on January 1. The market is expected to hit $ 3.7 billion in 2018 alone, and that number will increase to over $ 5 billion in 2019. Legal marijuana will be a tax windfall for the state.   Recreational cannabis sales are set […]

Slack has been valued at $5.1 billion after new funding led by SoftBank

Thomson Reuters (Reuters) – Software startup Slack Technologies Inc said it raised $ 250 million from SoftBank Group Corp and other investors in its latest funding round, boosting the company’s valuation to $ 5.1 billion. The latest fund-raising, led by SoftBank through its giant Vision Fund and joined by Accel and other investors, lifted Slack’s […]