Drug company offers $10.5B for competitor
The biopharmaceutical company Amgen is close to a deal to buy Onyx Pharmaceuticals, a maker of cancer-fighting drugs, for about $10.5 billion, the New York Times reported Saturday, citing unnamed people briefed on the matter. A deal in which Amgen would pay about $125 a share could be announced as soon as Monday, though these people cautioned that talks are ongoing and could still fall apart. Amgen began its quest for Onyx in June, when it made an unsolicited bid valued at $120 a share, about 38 percent above the stock price at the time. Amgen is the world's largest biotechnology company by sales, with $17.3 billion last year. Onyx's main attraction are its cancer drugs. Its crown jewel is Kyprolis, a drug for multiple myeloma that was approved in July.
Final winner of $448M jackpot
Lottery officials said a New Jersey man has claimed the final share of this month's $448 million Powerball jackpot. Mario Scarnici of South Brunswick held one of the three winning tickets sold for the Aug. 7 drawing. Lottery officials said he chose the cash option and will get about $62 million after taxes. Another winning ticket for the drawing was held by a group of 16 Ocean County, N.J., vehicle maintenance employees, while the third was held by a suburban Minneapolis man.
Federal employee faulted for website
The Homeland Security Department says an employee who runs a racist website predicting and advocating a race war has been put on paid administrative leave. An acquisitions officer for Immigration and Customs Enforcement who deals with small businesses, Ayo Kimathi operates the website War on the Horizon. It includes descriptions of an "unavoidable, inevitable clash with the white race." Kimathi is black. He has been with the department since 2009. He was told Friday that he is being put on paid administrative leave. His website criticizes whites, gays, those of mixed race, and blacks who integrate with whites.
India: The police in Mumbai on Saturday arrested two more men accused of raping a photojournalist on Thursday. One of the five suspects was arrested Friday, and two are at large.
Congo: U.N. forces joined Congolese soldiers Saturday to battle rebels in the country's volatile east, officials said, as border tensions escalated between Congo and Rwanda.