What's News: Business & Finance -- WSJ
August 29 2017 - 3:02AM
Dow Jones News
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (August 29, 2017).
Gilead Sciences agreed to pay about $11 billion for Kite Pharma,
an ambitious bet on a new cancer therapy that is close to becoming
commercially available in the U.S.
Gasoline prices surged on shortage concerns after Harvey knocked
out refining operations and traders tried to assess damage.
The Dow was weighed down by declines in energy and insurance
shares as investors attempted to gauge the storm's impact.
Investors are returning to synthetic CDOs, a financial-crisis
villain, reviving concerns about the products.
Apple has scheduled a product announcement for Sept. 12,
reinforcing expectations it will release new iPhones and a
smartwatch.
For the CEO job, Uber has tapped a low-key executive with a
steady hand and a track record running a scandal-free, profitable
firm.
Amazon slashed prices on more than 100 items at Whole Foods,
which it officially acquired Monday.
CBS plans to buy Australia's Ten Network, beating out a bid from
moguls Bruce Gordon and Lachlan Murdoch.
The FDA is stepping up oversight of medical treatments that aim
to harness stem cells' potential.
Regulators are reviewing auto-lending procedures at several
banks after problems at Wells Fargo.
Saudi Arabia and Russia are pushing to extend a deal to limit
oil output.
(END) Dow Jones Newswires
August 29, 2017 02:47 ET (06:47 GMT)
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