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London pre-open: Stocks set for lower start despite better than expected China PMI
Stocks in London are set for a slightly lower start to the trading session, tracking losses seen at the end of last week on Wall Street, despite the release of a stronger-than-expected reading on China's manufacturing sector overnight.
Trials show AstraZeneca's Lynparza delaying pancreatic cancer progression
AstraZeneca announced on Monday that its Lynparza pancreatic cancer drug has returned positive phase three trial results, doubling the amount of patients with no disease progression.
Caixin China manufacturing PMI steady in May, surprising consensus
Activity in China's manufacturing sector was steady last month, according to the results of perhaps the most closely-followed survey of conditions in the sector.
Smith & Nephew's acquisition of Brainlab completed
Smith & Nephew on Monday completed its acquisition of orthopaedic joint reconstruction outfit Brainlab, whose digital workflow technology is used by surgeons in more than 500 hospitals worldwide.
Monday newspaper round-up: Taiwan, Global airlines, Manufacturing
Beijing is prepared to take “resolute action” to press its claims over Taiwan, China’s defence minister has warned as he argued that suppressing the Tiananmen revolt in 1989 was justified. Speaking at a security conference in Singapore yesterday General Wei Fenghe criticised US support for Taiwan, vowing that the People’s Liberation Army (PLA) would not "yield a single inch of the country’s sacred land". China considers Taiwan to be a breakaway province since a bloody civil war in the 1940s and seeks to unify with the island.