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Slowing automotive sector hurts chemical markets
May 24, 2019
Automotive sales are falling in all major regions of the world, with knock-on effects for chemicals demand in many value chains. Faltering economic growth in many countries and nervousness about the escalating US-China trade war are affecting sentiment everywhere, and especially in Asia and the..
Suedzucker says it will not sell French sugar sites, rejecting farmer plan
May 24, 2019
German sugar group Suedzucker said on Thursday it will not sell two of its French sites where it wants to end production, rejecting a buyout plan from French farmers. Suedzucker, the European Union’s largest sugar refiner, wants to halt production next year at two factories..
That was fast: Ex-FDA commissioner goes back to biotech investing
May 24, 2019
Less than two months after stepping down as FDA commissioner, Scott Gottlieb has slipped right back into his old ways, becoming “special partner” at his former life science venture capital firm New Enterprise Associates (NEA). Gottlieb, who has taken a while to shake off the..
Nestlé and Fonterra mull sale of stakes in Dairy Partners Americas Brasil JV
May 24, 2019
Nestlé and New Zealand-based dairy producer Fonterra Co-operative Group Ltd. are reviewing strategic options for the future ownership of their Dairy Partners Americas (DPA) Brasil joint venture, including a potential sale of their respective stakes. Nestlé holds a 49 percent stake, while Fonterra owns 51..