summary Companies Law firms Viking accused Ascletis of taking secrets after collaboration ‘ruse’ Secrets supposedly allowed Ascletis to skip years of research to create a competing drug (Reuters) – San Diego-based biopharma company Viking Therapeutics Inc sued China-based Ascletis Bioscience Co. in California federal court Thursday, alleging Ascletis stole trade secrets related to its leading … Read more
LONDON, Oct 28 (Reuters) – Fresh vegetables and fish are falling off the menu. Packaged pizzas and processed meat are the dishes of the day. Many British households are turning away from healthier foods as rampant inflation pushes them towards cheaper processed meals, according to consumer data and experts who are worried about the nation … Read more
Nervous companies scrap investment plans Mini-budget forced borrowing costs higher Executives want stability, not tax cuts LONDON, Oct 18 (Reuters) – British company owners are pulling investments as a crisis triggered in Westminster pushes up borrowing costs and hits confidence in an economy once seen by businesses as a haven of stability. Companies have struggled … Read more
Danone to transfer control of dairy business in Russia Russian dairy unit accounts for 90% of Russian operations Danone may keep stake in dairy business – source Many Western food cos continue to supply basic goods to Russia PARIS, Oct 14 (Reuters) – French food company Danone (DANO.PA) will shed control of its dairy food … Read more