U.S. stock futures point to modest losses at the Monday open following Friday's strong rally that erased the S&P 500's losses for the week.
, helping fuel an expansion of tech companies that's remaking a swath of Manhattan less than a year after Amazon dropped plans to build its second headquarters in the city's Queens borough. Bezos says 'the country is in trouble' if big tech turns its back on the Pentagon: 'We are the good guys'
. The groups include the California Public Employees' Retirement System, the largest U.S. pension fund commonly referred to Calpers. Snythorx will be bought by French drug maker Sanofi for $2.5 billion in cash. The deal for the California-based biotech firm is worth $68 per share, compared to Friday's close of $25.03. Swiss drug maker Roche has extended its offer for its takeover of U.S. biotech firm Spark Therapeutics to Dec. 16. Both U.S. and U.K.
Ericsson will pay more than $1 billion to resolve U.S. corruption probes, according to the Justice Department. Ericsson CEO Borje Ekholm said some executives in certain markets acted in bad faith, calling the actions completely unacceptable.
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