UC’s $4-billion Blackstone deal will worsen housing disaster, unions say

With home values sinking, buyers rushed to withdraw cash from a true estate fund managed by non-public equity huge Blackstone previous thirty day period. But the fund quickly uncovered a savior in the Golden Condition: The University of California poured in $4 billion even as other investors fled.

University officers mentioned they thought the privately negotiated offer would deliver gains and gains for the college method, college students and workforce for yrs.

UC workers and housing advocates dispute that. They place out that the fund has been obtaining up households and flats in California and other states, which they say

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China’s drug-pricing coverage impedes biotech revenue

China’s biotech organizations are struggling to turn into profitable as Beijing’s pricing coverage undermines makes an attempt to make a homegrown pharmaceutical field by way of funds markets.

China allowed healthcare biotech start out-ups, these as BeiGene, Zai Lab, and RemeGen, to list early in a bid to gasoline the advancement of its marketplace and support local businesses build impressive medication.

Because 2018, 40 early-stage corporations have floated in Hong Kong below a special listing rule for pre-earnings biotech organizations. But just about five years afterwards, none of them is building a gain, in accordance to a Economical Times examination

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