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Lloyds Agrees to Buy Agilent Debt from Merrill Lynch

NEW YORK (GenomeWeb News) – Agilent Technologies said today that Lloyds TSB Bank has agreed to refinance a $1.5 billion repurchase obligation of Agilent Technologies World Trade, a wholly owned subsidiary of the company.
 
Llloyds is buying the debt from Merrill Lynch Capital Services and expects to complete agreement on Nov. 17.
 
Under the deal, Lloyds will purchase the preferred stock of the subsidiary from its current owner and extend until Jan. 27, 2011 the date on which Agilent is required to repurchase that preferred stock. Agilent will make quarterly payments to Lloyds at a rate of LIBOR (London Interbank Offered Rate) plus 175 basis points.

The Scan

US Booster Eligibility Decision

The US CDC director recommends that people at high risk of developing COVID-19 due to their jobs also be eligible for COVID-19 boosters, in addition to those 65 years old and older or with underlying medical conditions.

Arizona Bill Before Judge

The Arizona Daily Star reports that a judge is weighing whether a new Arizona law restricting abortion due to genetic conditions is a ban or a restriction.

Additional Genes

Wales is rolling out new genetic testing service for cancer patients, according to BBC News.

Science Papers Examine State of Human Genomic Research, Single-Cell Protein Quantification

In Science this week: a number of editorials and policy reports discuss advances in human genomic research, and more.