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Rivian, Mercedes pause joint European electric van plant

Electric vehicle maker Rivian is setting aside its planned partnership with Mercedes-Benz to produce electric vans in Europe so that it can focus on its existing commercial and consumer business. California-based Rivian said Monday it was putting on “pause” the…

Amgen to buy Horizon Therapeutics in $26.4B deal

Amgen is spending more than $26 billion to dive deeper into rare disease treatments with a deal for drugmaker Horizon Therapeutics. The biotech drug developer said Monday that it will pay $116.50 in cash for each share of Horizon, which…

This Week: Consumer prices, Fed meeting, retail sales

A look at some of the key business events and economic indicators upcoming this week: EYE ON INFLATION The Labor Department serves up its November snapshot of inflation at the consumer level Tuesday. Americans continue to face higher costs, reflected…

Amgen to buy Horizon Therapeutics in $26.4B deal

Amgen will acquire Horizon Therapeutics, a biopharmaceutical company that focuses on treatments for rare, autoimmune diseases, for about $26.4 billion. Each Horizon shareholder will receive $116.50 per share for each share they own. The deal has an enterprise value of…