Month: September 2021

Merck to Buy Acceleron for About $11.5 Billion in Rare Disease Drug Push

Merck & Co. is buying Acceleron Pharma Inc. for about $11.5 billion, broadening its portfolio beyond aging cancer drug Keytruda with potential treatments that could bring in fresh revenue. The deal gives Merck access to Acceleron’s rare disease drug candidate, sotatercept, which the company expects to be a multi-billion dollar peak sales opportunity, and comes…


Transgender Inclusion, Fairness and Safety Cannot Co-exist in Many Sports: UK Review

British sport governing bodies will have to choose either transgender inclusion or fairness and safety as their priorities because they often cannot co-exist in a single competitive model, new guidance said. The Sports Councils’ Equality Group (SCEG), which consists of relevant officers from all five Sports Councils across the UK—Sport England, Sport Scotland, Sport Northern Ireland,…


Inspector General Audit Finds ‘Widespread’ Problems With FBI’s FISA Applications

Department of Justice Inspector General Michael Horowitz on Thursday issued a report (pdf) on the FBI’s applications to surveil American citizens, finding “widespread” failure that “raises serious questions.” The inspector general (IG) reviewed about 7,000 applications for Foreign Intelligence Surveillance Act (FISA) warrants—the same used to surveil former Trump campaign aide Carter Page in 2016—and found…


David Tennant to Play Alexander Litvinenko in New ITV Drama

Actor David Tennant is to play former Russian spy Alexander Litvinenko in a new ITV drama. Litvinenko died after being poisoned with a rare radioactive substance in London in 2006. The drama, Litvinenko, will tell the story of his widow Marina as she seeks to persuade the British Government to publicly name her husband’s killers…


Czech Central Bank Delivers Biggest Rate Hike in 24 Years to Battle Inflation Spike

PRAGUE—The Czech National Bank (CNB) raised its main rate by 75 basis points on Thursday, surprising markets with its biggest hike since 1997 and sending a signal it would not allow inflationary expectations to grow further amid a price spike. The Czech economy, like others around the world, is facing rising costs as it grapples…


If There Is No Truth, There Is No Injustice

Commentary Can there be injustice if there is no truth? Martin Luther King Jr. considered this question in his powerful letter from Birmingham Jail (1963). He was responding to fellow members of the clergy who opposed segregation but rejected civil disobedience, which involved breaking the law. His central point was that laws may be just…


Sarkozy Convicted by French Court in Campaign Financing Case

PARIS—French ex-President Nicolas Sarkozy, who was convicted on Thursday and sentenced to a year of house arrest for illegal campaign financing of his unsuccessful 2012 reelection bid, will appeal the ruling, his lawyer said. The court said Sarkozy would be allowed to serve the one-year sentence at home by wearing an electronic monitoring bracelet. Sarkozy’s…


Orange County COVID-19 Hospitalizations Increase Slightly Amid Overall Gradual Decline

SANTA ANA, Calif.—The number of hospitalized patients increased from 288 Tuesday to 291 Sept. 29, with the number of intensive care unit (ICU) patients increasing from 72 to 82, according to the Orange County Health Care Agency (OCHCA). Despite the slight increase, the county has seen its number of COVID-19 patients gradually decline in the last…


Nazi War Crimes Suspect, 96, Caught After Fleeing Trial

BERLIN—A 96-year-old German woman was caught hours after failing to turn up for her trial on Thursday on charges of aiding and abetting mass murder in a Nazi concentration camp during World War Two, a court spokesperson said. Irmgard Furchner is accused of having contributed as an 18-year-old to the murder of 11,412 people when…


Bostic: US Near Full Employment Next Year, Rate Liftoff in 2022, Three Hikes in 2023

WASHINGTON—Ongoing economic growth will push the U.S. to near full employment by the end of 2022, with interest rates beginning to rise that year and “no impediment” to a faster pace of rate hikes after that, Atlanta Federal Reserve bank president Raphael Bostic said Thursday. “I have the economy operating very strong … and nearing…