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$GSK announced an agreement with Verily Life Sciences (formerly Google Life Sciences), an $GOOG $GOOGL company, to form Galvani Bioelectronics to enable the research, development and commercialisation of bioelectronic medicines. $GSK will hold a 55% equity interest in the new jointly owned company and Verily will hold 45%.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.