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Headlines

How Wellcome and Gates charities profit from helping biotech

LONDON, May 30 The Wellcome Trust medical charity is to profit from U.S. approval of a new diagnostic cancer test, the first commercial product funded by the organisation since the sale of its pharmaceuticals business to Glaxo in 1995.

MOVES- Amundi SA, D.A. Davidson

May 27 The following financial services industry appointments were announced on Friday. To inform us of other job changes, email moves@thomsonreuters.com.

SEC fines Federated Investors for oversight shortfalls

May 27 Federated Investors Inc will pay a $1.5 million fine to settle U.S. Securities and Exchange Commission charges that it failed to properly monitor whether outside consultants it employed might have misused potential market-moving information.

Hedge fund Tourbillon urges SunOpta to sell itself

May 27 Hedge fund firm Tourbillon Capital Partners LP has sent a letter to SunOpta Inc, urging that the Canadian food company be sold to increase shareholder value, according to a regulatory filing on Friday.

EU mergers and takeovers (May 27)

BRUSSELS, May 27 The following are mergers under review by the European Commission and a brief guide to the EU merger process:

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Shkreli wants to #MakeAmericaGreatAgain… or does he?!

Martin Shkreli, the “Pharma Bro” who gained infamy after he hiked the cost of a lifesaving drug by 5,000 percent last year, made a bit of a surprise presidential endorsement late last night on Twitter.