Tillerson splurged $12mn on consultants as part of State Dept overhaul plan – report

Consultants costing up to $ 300 an hour were engaged as Rex Tillerson tried to revamp the State Department. With Tillerson gone, the future of the redesign is uncertain, but taxpayers have already picked up the $ 12 million tab. Politico has revealed the figures, citing documents it obtained, and said they were partly confirmed […]

Here’s why Gilead broke its dealmaking hiatus and splurged $12 billion on a cancer treatment

Gilead Sciences bought cancer-immunotherapy company Kite Pharma for $ 11.9 billion Monday. The acquisition breaks a years-long hiatus from major dealmaking for Gilead. Sources say Gilead inked the deal because it was impressed by Kite’s trial data and thought it had a strategic edge over competitors. For several years, investors of Gilead Sciences have clamored for the […]