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Business

Scott Carpenter

Billionaire Soon-Shiong bets Africa is cure for flatlined stock

Africa ImmunityBio South Africa

At this time a year ago, investors saw billionaire Patrick Soon-Shiong’s biotech company ImmunityBio Inc. as a moonshot that would make them rich.

Shares of ImmunityBio, which develops treatments for cancer and other diseases, soared by more than 200% in the span of weeks in early 2021, ahead of its merger with another Soon-Shiong company, NantKwest. Around the same time, its Covid-19 vaccine, which Soon-Shiong has said can address future mutations of the virus, was making its way through early clinical trials.

The company’s star has faded since then. And with it, so has Soon-Shiong’s fortune.

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Federal judge halts ICE detention centre construction at California site over environmental review

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Families of 9/11 victims await key ruling in New York as truther conference is held nearby

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Woman finds an off-duty ICE agent asleep on her lawn at 3 AM. He allegedly attacks her 72-year-old father, who fires one shot and won’t be charged

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Questions arose about ICE's legal limits.

We Got This Covered

One subscription that gives you access to news from hundreds of sites

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Families of 9/11 victims await key ruling in New York as truther conference is held nearby

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