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Briefing

SoftBank Builds $5 Billion Stake in Drug Giant Roche

By
Juro Osawa
· · Source: Bloomberg

SoftBank has quietly built a $5 billion stake in Roche, becoming one of the Swiss pharmaceutical giant’s largest shareholders, Bloomberg reported. SoftBank is betting on Roche in part because of the company’s biotechnology subsidiary Genentech, which uses data to discover and develop new drugs, according to Bloomberg. Healthcare technology is one of the areas that SoftBank has been focusing...

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Opinion startups economy
SVB Is Dead. Long Live SVB.
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Art by Clark Miller.
We all know how it began. It started on March 9, when the run on Silicon Valley Bank made the innovation economy totter and threatened a global financial crisis. It continued on March 10, when SVB failed and it became clear that anyone who hadn’t gotten their money out yet was stuck, facing payroll in just five days with no clear way to meet it. I cannot recall how many times I told...
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Jamie Dimon, chief executive officer of JPMorgan Chase. Photo by Bloomberg.
Exclusive markets startups
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Cover art and portraits by Clark Miller
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