Shela Baxi

Visa-Mastercard Swipe Fee Settlement Draws Opposition Despite $38B Deal

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Visa and Mastercard presented a revised $38 billion settlement with retailers who claimed the card networks charged too much to accept their credit cards in an attempt to appease a judge who rejected a lesser settlement as insufficient. Businesses accused Visa, Mastercard, and banks of collaborating to breach U.S. antitrust laws, notably through the card … Read more

Pfizer Strikes $10 Billion Agreement to Acquire Metsera

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Pfizer Strikes $10 Billion Agreement to Acquire Metsera

  The American pharmaceutical titan Pfizer will purchase Metsera, a company that develops therapies for obesity, for $10 billion. Pfizer won a two-month acquisition battle with Danish pharmaceutical company Novo Nordisk, gaining a foothold for entrance into the quickly expanding obesity medicine market. The Biotech War Between Novo and Pfizer Pfizer had been seen as … Read more