Karen Moskow

We do have a deal in the drug industry this morning, Nathan.

GSK has agreed to buy San Francisco-based biotech company Wrapped Therapeutics in a deal valued at $2.2 billion.

Wrapped, which develops treatments for patients with inflammatory and immunological diseases, is up 63.5% in early trading.

Time now for the Bloomberg Sports Update, and we bring in John Stashour.

John.

Thanks, John.

And that's news when you want it with Bloomberg News Now.

I'm Karen Moskow.

Bloomberg Daybreak is your best way to get informed first thing in the morning, right in your podcast feed.

Hi, I'm Karen Moskow.

Listen to the Bloomberg Daybreak U.S.

Edition podcast each morning for the stories that matter with the context you need.

Bloomberg Daybreak is your best way to get informed first thing in the morning, right in your podcast feed.

Hi, I'm Karen Moskow.

Listen to the Bloomberg Daybreak U.S.

Edition podcast each morning for the stories that matter with the context you need.

Bloomberg Daybreak is your best way to get informed first thing in the morning, right in your podcast feed.

Hi, I'm Karen Moskow.

Listen to the Bloomberg Daybreak U.S.

Edition podcast each morning for the stories that matter with the context you need.