REUTERS - Drugmaker Alexion Pharmaceuticals Inc (ALXN.O) said it would buy Synageva BioPharma Corp (GEVA.O) for $8.4 billion at a hefty premium to expand in the lucrative market for drugs that treat rare diseases.
The European Union has unveiled a long-term strategy to help its technology companies compete with U.S. giants like Google and Amazon by unifying the continent's digital sector and taking a hard line on abuses by dominant firms.
Businesses added just 169,000 jobs in April, according to payroll processor ADP. Economists had expected 198,000 new jobs. ADP revised down its March report to 175,000 jobs from 189,000.
Productivity in the U.S. fell in the first quarter, triggering the largest back-to-back decline in more than two decades and pushing up worker costs as the world's largest economy almost stalled.
Oil prices rose Wednesday as data suggested U.S. crude stockpiles declined for the first time this year, signaling the glut of crude has started to abate.