Bloomberg Businessweek Europe - 02.03.2020

(Nandana) #1
5

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

80k

60

40

20

0

Confirmed coronavirus cases
Hubei China  Global

1/21/20 2/26/
Free download pdf