Merck & Co. is pushing ahead with a probable deal for biotech Seagen Inc., in accordance to people today common with the make a difference, in what would be one particular of the largest takeovers of the yr. The Wall Street Journal reported final week that Merck was in talks to get Seagen, which would beef up the pharmaceutical giant’s most cancers-drug portfolio, but that no agreement was imminent. The talks have picked up pace and the two businesses are scheduled to fulfill this week, some of the individuals claimed Thursday.
Billionaire Ken Griffin is relocating his big hedge-fund business Citadel from Chicago to Miami, the third important employer to announce the transfer of a corporate headquarters from Illinois in the previous two months. In a letter to workers Thursday, Mr. Griffin reported he experienced personally moved to Florida and that his current market-earning business enterprise, Citadel Securities, would also transfer. He wrote that he sights Florida as a far better company natural environment and while he did not especially cite criminal offense as a element, corporation officers claimed it was a thought.