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Novartis acquiring US firm Avidity Biosciences for $12 bn
Novartis acquiring US firm Avidity Biosciences for $12 bn
Business and Economy
by  AFP

Swiss pharmaceutical giant Novartis announced Sunday it had agreed to buy Avidity Biosciences, with the San Diego-based biopharmaceutical company being valued at $12 billion. Novartis, based in Basel in northern Switzerland, announced in April that it planned to invest $23 billion in the United States over five years. rjm/jj

Nigeria refinery aims to be world's biggest with expansion
Nigeria refinery aims to be world's biggest with expansion
Business and Economy
by  AFP

Nigeria's Dangote oil refinery, already the largest in Africa, aims to become the biggest in the world in three years' time with an expansion doubling its capacity, its owner said on Sunday. "This expansion reflects our confidence in Nigeria's future, our belief in Africa's potential and our commitment to building energy independence for our continent," Dangote said.