AstraZeneca shares fall 8.9% over merger talks with US cancer drug firm

$400bn tie-up with Bristol Myers Squibb would create world’s fourth largest drugmaker but analysts question rationale for deal

More than £17bn was wiped off the value of Britain’s biggest drugmaker, AstraZeneca, on Monday after a report that it was in discussions to take over its US rival Bristol Myers Squibb in a deal that would create a near $400bn (£300bn) pharmaceutical group.

AstraZeneca, run by Pascal Soriot, its longtime chief executive, had been worth nearly £196bn before the news broke. BMS, headquartered in Princeton, New Jersey, and known for its cancer treatments, was worth $133bn (£98bn).

Continue reading...

Stronger EU borders needed after Ceuta crisis, von der Leyen says

European Commission president says work needed in five areas of migration control including returning more people

The president of the European Commission has called for action to strengthen Europe’s borders after tens of thousands of people arrived and quickly left the Spanish territory of Ceuta, triggering a furious row between Madrid and other European countries.

In a letter to Spain’s prime minister, Pedro Sánchez, on Monday, Ursula von der Leyen said: “From this incident, it is clear that we must do more to further strengthen our borders at critical points, including vigilant monitoring and the use of physical barriers where needed.”

Continue reading...

Driver jailed for four years after faking brake failure on motorway

Nathan Owen drove his electric Jaguar at up to 86mph and lied to police it was malfunctioning and out of his control

A man who drove his electric Jaguar at up to 86mph on motorways falsely telling police the car was malfunctioning and out of his control has been jailed for four years and three months.

Nathan Owen fabricated not being able to brake in a “frighteningly stupid” ploy to avoid paying car finance, Liverpool crown court heard.

Continue reading...

Kay Granger, first Texas Republican woman elected to House, dies aged 83

Representative who did not seek re-election in 2024 died of Alzheimer’s disease, her son said

Kay Granger, who served in the US House for almost three decades as the first elected Republican woman from Texas, died on Sunday, her family said. She was 83.

The cause of death, according to her son JD Granger, was Alzheimer’s disease.

Continue reading...

French boy thrown from Tate balcony has ‘smile back’ after hospital release

Family update on GoFundMe page says child, who was six when badly injured in 2019 incident, is now back at school

A boy thrown from the viewing balcony in London’s Tate Modern art gallery has a “smile back on his face” after being discharged from hospital, his family have said.

The French youngster, whose name remains undisclosed for privacy reasons, was six when he was badly hurt in an attack by then teenager Jonty Bravery at the London attraction on 4 August 2019.

Continue reading...

Anti-war politician flees Russia amid pre-election crackdown on dissent

Boris Nadezhdin, who gained prominence after standing against Putin in 2024, says he is now in France

The prominent Russian anti-war politician Boris Nadezhdin has fled to Paris as Moscow tightens its grip on dissent before parliamentary elections later this year.

Nadezhdin, a veteran liberal politician, gained international prominence during Russia’s 2024 presidential election when his long-shot campaign against Vladimir Putin unexpectedly gathered momentum before electoral authorities barred him from running.

Continue reading...