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Celgene readies deal to buy Impact Biomedicines for as much as $7 billion - WSJ
Celgene Corp is expected to announce Monday that it is acquiring Impact Biomedicines for as much as $7 billion (£5.1 billion), the Wall Street Journal reported Sunday. Subsequent components of the deal would depend on approval from the Food and Drug Administration and successful acceptance in the market, according to the publication. Celgene and Impact Biomedicines did not immediately respond to requests for comment.
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Apple should address youth phone addiction, say two large investors
Apple Inc shareholders Jana Partners and the California State Teachers' Retirement System are urging the smartphone maker to take steps to address what they say is a growing problem of young people getting addicted to Apple's iPhones, Jana partner Charles Penner said. Jana, a leading activist shareholder, and CalSTRS, one of the nation's largest public pension plans, delivered a letter to Apple on Saturday asking the company to consider developing software that would allow parents to limit children's phone use, the Wall Street Journal reported earlier on Sunday. Jana and CalSTRS also asked Apple to study the impact of excessive phone use on mental health, according to the publication.