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Business deals

Takeda chases global status with $64bn shortcut

Markets frown on drugmaker's wallet-draining gamble for Shire

TOKYO -- Takeda Pharmaceutical appears intent on pushing through a record $64 billion buyout of Irish drugmaker Shire, even if it means defying intense market pressure, because it sees overseas markets as crucial to its survival as government controls on drug prices in Japan limit its top line.

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