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| Quelle Surprise: Sanofi makes $9 billion hostile approach for Medivation Posted: 28 Apr 2016 12:40 AM PDT There is some big news out this morning in the pharma/biotech world. French drugmaker Sanofi has finally confirmed it's interest in purchasing US biotech Medivation - the Medivation takeover rumours were first aired on Tip TV a couple of months ago. Here is the link: https://www.youtube.com/watch?v=ykvdv1pbH1c Anyway, that's enough backslapping for little old Betaville. But it's worthwhile dwelling on the fact that Sanofi are pursuing a multi-billion dollar transaction after sitting on the sidelines of the biotech M&A boom of the last couple of years. Clearly, Olivier Brandicourt, chief executive of Sanofi, is picking the bottom of the recent sector sell off and that could encourage rivals to pursue deals.  |
| Mystery owner of gold plated super cars revealed - or not... Posted: 28 Apr 2016 12:24 AM PDT Remember the tabloid tale from a few weeks back about the gold plated supercars? In case you don't, here is the link: http://www.dailymail.co.uk/news/article-3513608/It-certainly-beats-hire-car-Britain-s-flashiest-tourist-flies-1million-plus-fleet-GOLD-supercars-Saudi-Arabia-London-holiday.html Well, Financeworld (I have to admit I had never heard of the news outlet before) claims to have discovered who owns the ridiculous supercars. And no, it's not James Stunt or some other trust fund kid. According to Financeworld, the cars are owned by a flashy options trader called Adam Khan. Here is the link: http://www.financeworld.news/index.php/2016/04/26/51/ Apparently, Mr Khan made so much money trading binary options he could afford to splash out about £1 million on the ridiculous vehicles. Now, I have to admit I had never heard of binary option trading, so I put a call in to a few experts on the topic and it turns out binary options trading is a new (ish) concept that was cooked up about a four or five years ago. Don't ask me to explain how it works; all I was told was that it's like spread betting's "dirty" cousin, designed to lure punters in with a high probability they will lose their cash. And on closer inspection of finance world's scoop, it becomes clear that perhaps this article was designed to lure the punters in, too...  |
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