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Stocks battered by Wall Street, fears of U.S. slowdown

NEW YORK (Reuters) – Global stocks fell on Wednesday, plagued by a flattening yield curve that sparked concerns about an economic slowdown in the United States and weakening expectations of a lasting U.S.-China trade truce, while the dollar steadied. U.S. markets were closed to mark former President George H.W. Bush’s …

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Waymo unveils self-driving taxi service in Arizona for paying customers

CHANDLER, Ariz. (Reuters) – Alphabet’s (GOOGL.O) Waymo on Wednesday launched a significant development in its costly, decade-long quest for autonomous transportation: self-driving taxis that actually generate fares. With little fanfare, the company has begun charging passengers to use its driverless vehicles in a roughly 100-mile (160 km) zone in four …

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Lower drug sales potential at Bayer underscores need for deals

FRANKFURT (Reuters) – Germany’s Bayer (BAYGn.DE), which acquired seed company Monsanto this year, reduced its combined sales estimate for its most promising experimental drugs, acknowledging it needs to do more to replenish the development pipeline. FILE PHOTO: A logo of Bayer is seen next to dark clouds at Cologne Bonn …

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Takeda investors back $59 billion Shire deal, but wary of debt load

OSAKA (Reuters) – Takeda Pharmaceutical (4502.T) shareholders approved on Wednesday its $59 billion takeover of London-listed Shire (SHP.L), creating a global powerhouse with a stronger drugs pipeline but one that is saddled with massive debt. FILE PHOTO: The logo of Takeda Pharmaceutical Co. Japan May 9, 2018. REUTERS/Kim Kyung-Hoon Takeda …

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