AbbVie & Shire Working to Reach Deal by Today

July 18 (Bloomberg) –- Sphera Funds Management Partner Ori Hershkovitz discusses AbbVie and Shire working to forge a deal by this morning. The companies have until 5pm in London to agree to a deal otherwise AbbVie will have to walk away for 6 months. He speaks to Manus Cranny and Caroline Hyde on Bloomberg Television’s “Countdown.” (Source: Bloomberg)

New Dawn for China as Yuan Joins Majors
20:34 - The IMF will add the yuan to its basket of reserve currencies, an international stamp of approval of the strides China has made integrating into a global economic system dominated for decades by the U.S., Europe and Japan. The yuan weakened in offshore trading amid speculation China’s central bank will rein in intervention. PBOC Deputy Governor Yi Gang said at a briefing the long-term goal is for very few interventions, adding that bigger two-way fluctuations are normal.
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