Novartis Lauds Launch of World's Most Expensive Drug 
 

Novartis reported a strong launch for its new gene therapy Zolgensma-the world's most expensive drug-overcoming concerns about whether insurers would cover the treatment.

 
Trade Tensions Weigh on UBS's Investment Bank 
 

UBS's third-quarter net profit slipped as its investment bank underperformed as trade conflicts and geopolitical tensions weighed on investor confidence.

 
Prosus Launches GBP4.9 Billion Bid for Just Eat 
 

Prosus has offered to buy online food-delivery service Just Eat in a deal valuing the U.K. company at 4.9 billion pounds and challenging its agreed merger with Takeaway.com

 
Hoping to Find Gold, Rio Tinto Strikes Lithium Instead 
 

Rio Tinto thinks it can become the biggest producer of lithium in the U.S. by processing piles of waste rock containing stores of the mineral that powers the world's electric-vehicle fleet.

 
Facebook Doesn't Want to Censor Political Ads Over Accuracy, Executive Says 
 

Facebook doesn't want to censor paid content from politicians based on accuracy but it would draw the line at political ads if they encourage violence, Chief Technology Officer Mike Schroepfer said Monday.

 
Shari Redstone Says ViacomCBS Has Enough Scale to Compete 
 

Shari Redstone said the combination of Viacom and CBS, the companies that make up her family's media empire, will create a content giant that can compete with larger industry rivals.

 
European Air Regulators Break From FAA on 737 MAX Timeline 
 

European air-safety regulators have officially shelved the idea of lifting the grounding of Boeing's 737 MAX jets simultaneously with the U.S., a setback to American regulators' desire for a coordinated global response.

 
WeWork's Board to Evaluate Emergency Bailout Plans 
 

The board is set to meet to weigh emergency-financing options including a takeover by SoftBank that would slash the co-working company's valuation to about $8 billion.

 
State Attorneys General, Antitrust Experts Mull Legal Grounds for Building Facebook Case 
 

State attorneys general, federal investigators and public policy and antitrust experts met in New York to discuss legal strategies that might be used in bringing a case against Facebook.

 
Buyout of Berkshire Hathaway Insurance Unit Under Scrutiny 
 

A former insurance subsidiary of Warren Buffett's Berkshire Hathaway sparred with the California Department of Insurance about whether its recent sale violated state insurance regulations.

(END) Dow Jones Newswires

October 22, 2019 05:15 ET (09:15 GMT)

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