European Press Roundup: Sanofi Cuts Less Jobs Than Planned, Qiagen's Co-Founder Hopes to Avoid Takeover

Date : 11/22/2019 @ 1:10PM
Source : Dow Jones News
Stock : Arcelor Mittal New (MT)
Quote : 10.09  0.64 (6.77%) @ 9:14PM
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European Press Roundup: Sanofi Cuts Less Jobs Than Planned, Qiagen's Co-Founder Hopes to Avoid Takeover

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In Europe today, European Central Bank President Christine Lagarde called for more government spending, while Germany's economy grew in the third quarter and matched estimates. Read about the above topics on Dow Jones Newswires or


In Other Media...


Pharma giant Sanofi will cut less jobs than planned at its Frankfurt site due to the U.S. Food & Drug Administration's higher demands for quality control and hygiene in insulin production. -Frankfurter Allgemeine Zeitung


Qiagen co-founder Detlev Riesner hopes that the biotech company will be able to resist a takeover. "I hope that Qiagen will remain independent," he said in an interview. A week ago, the company announced that it had received several non-binding expressions of interest. -Rheinische Post


In the first week of the general-election campaign, the U.K.'s Conservatives have benefited from a big funding boost, with donations worth 26 times the amount received by the Labour party. According to official figures, the Conservative party received more than GBP5.67 million in large donations, which consist of amounts greater than GBP7,500, compared with GBP218,500 donated to Labour. -The Guardian


Ahead of today's meeting with Italian Prime Minister Giuseppe Conte, ArcelorMittal's CEO Lakshmi Mittal and his son Aditya seem to be more positive about discussions over the future of the troubled Ilva steel plant. Mr. Mittal and his son "hope there will be good progress in finding a solution to the very hard situation in which Ilva finds itself," reports Il Messaggero, citing sources familiar with the matter. -Il Messaggero


Uber has integrated regular taxis in its platform, so that users can book their ride with an Uber vehicle or a taxi. This service will only be available in the community of Madrid. -El Pais


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(END) Dow Jones Newswires

November 22, 2019 07:55 ET (12:55 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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