Bloomberg Businessweek USA - 02.03.2020

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CHAPEK: PATRICK T. FALLON/BLOOMBERG. INDIA: SANCHIT KHANNA/HINDUSTAN TIMES. NIPPON: FABRIZIO GANDOLFO/GETTY IMAGES. DATA: COMPILED BY BLOOMBERG

 IN BRIEF

By Benedikt Kammel

Bloomberg Businessweek March 2, 2020

○ The death toll from the

coronavirus outbreak

approached

3,

worldwide, with cases

springing up in Iran, Italy,

and South Korea. The

head of the World Health

Organization has called

the widening outbreak

“deeply concerning.”

○ Hindus and Muslims clashed in New Delhi. Violence erupted after a local

politician threatened to forcibly remove Muslims who had been blocking a road

to protest a divisive citizenship law.

The accord, which would place the

company’s U.S. generics business

under Chapter 11 protection, aims to

resolve lawsuits from thousands of

plaintiffs who have accused it and

other drugmakers of pushing opioid

prescriptions on doctors across

the country.

Banga expanded beyond card

payments with almost a dozen deals in

recent years, including $3.2 billion for

the Denmark-based real-time billing

platform Nets, the company’s largest

acquisition to date.

he man dubbed “the pharaoh” by his

tractors was ousted from power

hen the Arab Spring swept through

airo in early 2011.

○ Bob Iger stepped down

as Walt Disney CEO,

handing the Magic Kingdom

keys to Bob

Chapek, who led

theme parks and

the consumer-products

business. Iger held the top

job for 15 years and oversaw

major acquisitions, including

the $71 billion takeover of

Fox’s entertainment assets

last year, as well as Marvel,

Pixar, and Lucasfilm, the

Star Wars franchise.

○ Mallinckrodt

will pay $1.6 billion

to settle claims

arising from the

U.S. opioid crisis.

○ Boeing secured a

much-needed aircraft

order, the first this year

for the U.S. planemaker,

which continues to suffer

from the grounding of

its 737 Max airliner.

Japanese carrier All

Nippon Airways will add 

787 Dreamliners to its fleet,

upping its order book for

the popular wide-body to

more than 100 airplanes.

○ Mastercard

replaced its

longtime CEO,

Ajay Banga, with

Michael Miebach,

the payment

company’s chief

product officer.

Manhattan District Attorney Cyrus Vance Jr. commented on the conviction

of movie producer Harvey Weinstein, who was found guilty of sexual assault.

Weinstein, who faces at least five years in prison, plans to appeal.

○ “This is the

new landscape

for survivors of

sexual assault.”

○ Hosni

Mubarak, who

ruled Egypt

for 30 years,

died at 91.

○ Morgan Stanley agreed

to buy discount brokerage

ETrade Financial for

$13b

The biggest acquisition of

a Wall Street firm since the

financial crisis more than

a decade ago will push

Morgan deeper into the

retail market.  21

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