Business Elanco Animal Health said on Tuesday it would buy Bayer's veterinary drugs unit in a cash and stock deal valued at US$7.6 billion, creating the second largest animal health business and expanding Elanco's reach in the pet e-commerce space. 20 Aug 2019 06:15PM Bookmark REUTERS: Elanco Animal Health said on Tuesday it would buy Bayer's veterinary drugs unit in a cash and stock deal valued at US$7.6 billion, creating the second largest animal health business and expanding Elanco's reach in the pet e-commerce space.The animal health market has seen Pfizer Inc and Eli Lilly and Co successfully floating their veterinary medicine units on the stock market as independent entities.The deal is expected to close by mid-2020, Elanco said.The two companies said Bayer would receive US$5.3 billion in cash and US$2.3 billion worth of Elanco stock based on the unaffected 30-day average price as of Aug. 6 and subject to a 7.5per cent symmetrical collar.The price tag represents … [Read more...] about Elanco to buy Bayer’s animal health unit for US$7.6 billion
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The slowing world economy is starting to take its toll on dividend payouts, a report stated yesterday. It found that US$3.8 billion (S$5.3 billion) of dividends was paid out in Singapore in the second quarter, US$500 million or 11.6 per cent lower than in the same period last year. But Singapore's underlying dividend growth - which adjusts for special dividends, changes in currency, timing effects and index changes - rose by 17.7 per cent. Total dividends paid globally during the quarter came to US$513.8 billion, 1.1 per cent higher than a year ago, despite growth being held back by the greenback's strength. While this was a new record, it was also the slowest rate of increase in more than two years. Asset management group Janus Henderson, which compiled the index, said this was in line with its forecast, which had already factored in slower growth this year. Globally, underlying dividend growth was 4.6 per cent, slightly below the long-run average. The Asia-Pacific, excluding Japan, … [Read more...] about Singapore dividend payout in Q2 down 11.6%: Report
Many Apple fans have been sniffing for details about the upcoming iPhones this year and next year. Among the next-generation devices, however, many are hoping to finally get some clues as to when exactly will the tech giant release its successor to the very successful iPhone SE. Interestingly, a new report appears to have the answer. So here's what we know about the potential release of the iPhone SE 2. According to Chinese-language outlet Economic Daily News (via Digitimes), Apple's partner company Pegatron is about to land orders for a "4.7-inch revised version of the iPhone 8" soon. These units are expected to be launched around March 2020. This move seems odd since the company is known to be working on its next devices and not the 2017 iPhone model. MacRumors picked up this report and indicated that this could be the iPhone SE 2. The Apple-centric news outlet surmised that this might mean that the long-awaited handset could sport iPhone 8 internals. If true, then the iPhone SE 2 … [Read more...] about iPhone SE 2 release date: Revamped SE model arriving next year?
By Mark Gurman Bloomberg Shawn Donnan Wed., May 15, 2019 For more than a year, Apple Inc. avoided major damage from the U.S. trade war with China, thanks in part to a White House charm offensive by chief executive officer Tim Cook. But the company now faces its first major hit — from both sides of the dispute. A new round of tariffs proposed by the U.S. on Monday includes mobile phones, meaning the iPhone, Apple’s most-important product that is made almost entirely in China, may be encumbered with a 25-per-cent import levy. There are other products on the list that would affect Apple too, such as laptops and tablets. That leaves the company with a difficult choice: Raise prices on already-pricey products and risk missing out on sales, or absorb the extra cost and let profits suffer. There’s a “very real risk of higher import costs and/or U.S. consumer demand destruction depending on whether Apple decides to pass along some of the tariff … [Read more...] about Trump’s tariffs may make your next iPhone more expensive
Game of Thrones season 8 episode 3 "The Long Night" aired earlier this week and proved why HBO's Game of Thrones is undoubtedly the best TV show of all time. There were several interesting fight sequences in the show but the most important one came right before the end when we saw Arya Stark using her Valyrian steel knife to kill the Night King.Spoilers ahead for Game of Thrones season 8:In the recently released Game of Thrones episode, we saw Night King and his army of thousands of White Walkers marching towards the Winterfell. Night King was obviously flying high on his wight dragon and Daenerys Targaryen and Jon Snow were fighting him from their respective dragons.In the very last scene of the episode, Theon was brutally murdered by Night King. The Night King advances towards Bran Stark and was about to kill him when Arya Stark jumps over him and stabs him with her Valyrian steel knife. Within just a second, the Night King, who was unharmed even by dragon fire, shattered into pieces … [Read more...] about Game of Thrones season 8: Night King to come back in episode 6?