Jun 1, 2017

Cancer-treatment company seeks a buyout

Tesaro is celebrating the approval of its cancer-treatment drug by seeking a sale, per WSJ.

Why it matters: Tesaro makes cancer drugs, and a sale could induce a bidding war among other drug companies who want a piece of the competitive space that has also commanded extremely high prices.

The numbers: The company most recently had a market value of $7.4 billion, which means should a bidder be approved, the sale could be as high as $9 billion, WSJ notes.

The drug: It's called Zejula and it helps treat ovarian cancer. Analysts estimated that Zejula sales could hit $1.9 billion by 2022, but only if it expands to treat other types of cancer (like breast cancer).

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Rashaan Ayesh
4 mins ago - Politics & Policy

Transcripts show George Floyd told police "I can't breathe" over 20 times

Photo: Gary Coronado/Los Angeles Times via Getty Images

Newly released transcripts of bodycam footage from the Minneapolis Police Department show that George Floyd told officers he could not breathe more than 20 times in the moments leading up to his death.

Why it matters: Floyd's killing sparked a national wave of Black Lives Matter protests and an ongoing reckoning over systemic racism in the United States. The transcripts "offer one the most thorough and dramatic accounts" before Floyd's death, The New York Times writes.

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Axios
Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

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  2. U.S.: Total confirmed cases as of 6 p.m. ET: 3,035,231 — Total deaths: 132,042 — Total recoveries: 936,476 — Total tested: 36,878,106 — Map.
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  4. Travel: United warns employees it may furlough 45% of U.S. workforce — How the pandemic changed mobility habits, by state.
  5. Education: New York City schools will not fully reopen in fall — Harvard and MIT sue Trump administration over rule barring foreign students from online classes.
  6. 🎧 Podcast: A misinformation "infodemic" is here.
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Bryan Walsh
1 hour ago - Health

Fighting the coronavirus infodemic

Illustration: Sarah Grillo/Axios

An "infodemic" of misinformation and disinformation has helped cripple the response to the novel coronavirus.

Why it matters: High-powered social media accelerates the spread of lies and political polarization that motivates people to believe them. Unless the public health sphere can effectively counter misinformation, not even an effective vaccine may be enough to end the pandemic.

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