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  Novartis, Monte Rosa Ink Up To $5.7B 'Molecular Glue' Deal

  By Al Barbarino

  Novartis is placing a potential $5.7 billion bet on Monte Rosa Therapeutics, a clinical-stage biotech company, t...(read more)

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  4 Companies Led By 4 Firms Ride IPO Wave, Raising $1.9B

  By Jade Martinez-Pogue

  Four companies across wide-ranging industries — including an engineering firm, a transportation tech startup, a ...(read more)

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• Ill. Court Backs Sanction Over 'Smoking Gun' Email In Buyout

  By Celeste Bott

  An Illinois state appeals court has affirmed sanctions against an export company and its counsel, citing their failure to disclose a "smoking gun" email that undermined claims the company relied on a financial summary prepared by its accounting firm and ultimately paid too much to buy out a co-owner.

• US, China Agree On TikTok Ownership Transfer, Bessent Says

  By Jade Martinez-Pogue

  The U.S. and China established a commercial framework for a deal with video sharing giant TikTok to transfer ownership of the app to the U.S., just days before a deadline to sell the app or shut it down, U.S. Treasury Secretary Scott Bessent told reporters at a press conference in Madrid on Monday.

• Penny Stock Twitter Promos Not 'Scalping,' Trader Tells Jury

  By Pete Brush

  An Ohio salesman sparred with the U.S. Securities and Exchange Commission on Monday over his admitted heavy use of Twitter to promote penny stocks, as he sought to convince a Manhattan federal jury that $2.5 million he earned by trading was lawful.

• Fed. Circ. OKs PTAB Denial Of Motorola Lens Patent Challenge

  By Adam Lidgett

  The Federal Circuit on Monday declined to revive Motorola Mobility LLC's challenge to an imaging lens system patent owned by a Taiwanese company, affirming the Patent Trial and Appeal Board's finding that the smartphone maker failed to show the claims were invalid.

• Ga. Businessman Guilty In Fla. FCPA Bribery Trial

  By Carolina Bolado

  A Florida federal jury on Monday found a Georgia businessman guilty of violating the Foreign Corrupt Practices Act by arranging to bribe Honduran government officials to secure contracts with the national police worth more than $10 million.

• Ex-Boston Sports Club CEO Owes $6M Over Pandemic Billing

  By Julie Manganis

  The former CEO of Boston Sports Clubs is liable for $6 million in damages and interest, because he approved a plan to charge gym members while the clubs were shuttered at the start of the coronavirus pandemic, then thwarted customers' attempts to cancel their contracts, a Massachusetts judge has ruled.

• V&E, Sullivan & Cromwell Build $6B Energy Industry Merger

  By Jade Martinez-Pogue

  Sullivan & Cromwell LLP-advised independent energy company California Resources Corp. unveiled plans Monday to merge with upstream energy company Berry, led by Vinson & Elkins LLP, in an all-stock deal that values the combined company at an enterprise value of more than $6 billion.

• Fed's Cook Defends Reinstatement As Trump Pushes For Stay

  By Jon Hill

  Federal Reserve Gov. Lisa Cook squared off with the Trump administration over the weekend as the D.C. Circuit mulls whether to keep in place a lower-court hold on President Donald Trump's effort to fire her ahead of a key interest-rate policy vote this coming week.

• AbbVie Can't Halt Miss. Discount Drug Law, 5th Circ. Says

  By Lauren Berg

  AbbVie and other pharmaceutical manufacturers that participate in Medicaid cannot preliminarily block a Mississippi law barring their interference with the distribution of discounted prescriptions to pharmacies serving low-income patients, the Fifth Circuit ruled Friday, saying the drugmakers haven't shown that the statute likely effectuates a taking of their property.

• 3rd Circ. Backs Fox News In DHS Expert's Defamation Suit

  By Carla Baranauckas

  The Third Circuit on Friday upheld a win for Fox News Network LLC and Fox Corp. in a defamation lawsuit from the onetime head of the Biden administration's disinformation watchdog, holding that the unflattering claims the network's hosts made about the agency were opinion or not proven to be untrue.

• Roblox, Discord Face Wrongful Death Suit Over Teen's Suicide

  By Hailey Konnath

  The mother of a California teenager who died by suicide sued Roblox and Discord on Friday, claiming that her son was groomed and abused for years by a man who found him on the gaming platform, showed him how to disable parental controls and forced him to share explicit images.

• Taylor Swift Will Only Sit For 'It Ends With Us' Depo If 'Forced'

  By Craig Clough

  Taylor Swift's counsel at Venable LLP told a Manhattan federal judge Friday that the pop superstar has not agreed to be deposed in actress Blake Lively's defamation case against her "It Ends With Us" co-star Justin Baldoni, but could do so the week of Oct. 20 "if she is forced."