Deals
Spero Pays Up to $1.1B for Innovent's CD40L Drug
Spero can't match AbbVie's $10.9B checkbook, so it mortgaged an FDA-approved antibiotic's royalties to fund a $1.1B autoimmune bet instead.
Latest — Page 9
Deals
AstraZeneca Pays $1.5B for Dizal's Zegfrovy
AstraZeneca pays $1.5B for Dizal's Zegfrovy, skips the Greater China carve-out, and bets on frontline data it hasn't won approval for yet.
AI
New York's 12-Month Freeze on Hyperscale Data Centers
New York just froze every new hyperscale data center build for up to a year. Here's what it actually costs founders scouting sites in 2026.
Legal
Ordered: iSun Execs to Pay SEC $463,000
Three former iSun officers quietly put their spouses on payroll using PPP loan funds, and the SEC made all three pay six figures for it.
FDA
Ditches Tominersen; Roche's Exit Lifts Wave's ASO
Roche just killed a 16-month Huntington's trial after hitting every biomarker target and missing on outcomes. Wall Street already picked its heir.
Legal
Sued: 12 States Move to Block $110B Paramount-WBD Deal
Twelve states are suing to block the $110B Paramount-WBD merger, just a month after DOJ's Antitrust Division cleared it without a fight.
Legal
Oregon Sued Over 36% Cap as NAIB Seeks Injunction
Bank trade groups say Oregon's new 36% interest rate cap breaks federal preemption law, and a Colorado court already ruled their way once.
Legal
NC Recognizes CFTC Authority Over Kalshi, Polymarket
NC taxed Kalshi at 6% versus 23% for sportsbooks in the same bill, a quiet bet on a circuit split a New York judge just ruled the other way on.
SEC
Transfer Agents Push SEC to Wall Off $2.6T Token Market
Transfer agents want the SEC to lock crypto platforms out of tokenized stock, right as Citi pegs that market at $2.6 trillion by 2030.
SEC
4 Cloud Giants Now Answer to the Bank of England
Four tech giants inherited bank-style oversight overnight, raising compliance costs for FinTechs, and AI vendors could be next in the FCA's sights.
Deals
Apnimed Files for IPO After $100M Shionogi Exit
Apnimed banked $100M from Shionogi in March, then filed a blank-check IPO to fund its sleep apnea pill still awaiting an FDA verdict.
Legal
Apple Sues OpenAI in N.D. Cal., Musk Piles On
Apple's trade-secret suit against OpenAI hit courts months after Musk's own case collapsed, and the two feuds are now colliding in public.
Legal
Sentenced Martino to 70 Months for BlackCat Betrayal
A ransomware negotiator sold out five clients to BlackCat hackers for a payoff. He got 70 months and a $10M asset seizure.
Deals
Brockman Grabs OpenAI's No. 2 Job as Simo Exits
OpenAI won't replace Fidji Simo. Greg Brockman just inherited her job, her budget line, and the products that actually make OpenAI money.
Legal
Skipped Playbook, CISA Admits After GitHub Leak
CISA's own postmortem admits it built its incident playbook mid-breach, after a contractor's GitHub slip exposed AWS GovCloud keys for months.
