
Drugmaker Biogen to invest $2 billion more in North Carolina
The company said the investment will go to its manufacturing plants in North Carolina's Research Triangle Park (RTP), which produce its major therapies for multiple sclerosis and Alzheimer's.
Biogen has invested about $10 billion in its North Carolina manufacturing to date.
The drugmaker said it plans to continue investing in multiple modalities and factories across its two campuses in RTP.
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Daily Mail
25 minutes ago
- Daily Mail
The American hotspot where billionaires are buying up 'trophy homes' as they ditch London
The ultra-wealthy are ditching their second homes in London and buying up luxury properties in glamorous Miami, a new report has found. Ultra high net worth (UHNW) individuals, people with a net worth of more than $30 million, make up an exclusive group with a population of around 480,000. Members of this elite group own an average of three properties per individual, and a report from the information services firm Altrata found that Miami is the leading city for them to purchase luxury second homes. 'Miami is the most popular second-home location in the US, and globally, with a total of 13,211 UHNW second-home owners,' according to Altrata's report, Residential Real Estate 2025: Spotlight on the World's Leading Markets for the Wealthy. Notably, the Billionaire Buyers in London mid-year 2025 survey conducted by Beauchamp Estates found that over 70 percent of wealthy sellers are ditching their second homes in the UK capital and heading to cities such as Miami. Miami real estate agents told the Daily Mail they have worked with numerous international clients buying trophy homes in their city. 'We've seen some interest from London-based buyers recently, many of whom are reallocating funds from the UK market into Miami, diversifying their holdings,' said Maria Kuzina, owner of Miami Luxury Real Estate. 'London buyers currently represent, I would say, around three to five percent of all international buyers in the luxury market.' Jay Batra of the Batra Real Estate Group said: 'Miami continues to attract a diverse range of international buyers. Colombians, Brazilians, Russians, and Canadians are among the largest groups of foreign nationals investing in second homes here, drawn by the city's vibrant lifestyle and unique real estate opportunities. 'Miami Beach has historically seen 70 to 75 percent of its homes owned as second or third properties by buyers from across the US and around the globe.' He said driving factors bringing the ultra-rich to The Magic City include the warm weather, sandy beaches and low taxes. 'Miami has experienced strong growth of its wealthy second-home population over the past five years,' Altrata's report said. 'The city has long been a popular location for wealthy buyers seeking an additional residence, attracted by Florida's favorable tax regime, warm climate and coastal setting.' Kuzina said her clients are drawn to Miami because 'it strikes a perfect balance between lifestyle and investment opportunities'. 'Miami remains a top choice for international buyers due to its year-round sunshine, tax advantages, waterfront lifestyle, and its growing status as a global luxury hub,' she added. 'Today's buyers seek high-end, move-in-ready properties with privacy, premium amenities, and architectural distinction. Branded residences are particularly appealing as they offer world-class design, luxury services, and strong resale value.' Miami real estate agents told the Daily Mail they have worked with numerous international clients buying trophy homes in their city Batra explained that his international clients are looking for properties on the water with ritzy amenities. 'Condo buyers are drawn to the stunning water views, prime locations, and vibrant lifestyle that Miami and Miami Beach offer, paired with the convenience of being steps from the beach,' he said. Miami at been at the epicenter of a condo crisis after the 2021 collapse of a condo building in Surfside led to a new law that requires condo buildings to undergo structural inspections and shore up reserves. This has meant that many HOAs have been hiking fees and doling out hefty special assessments to comply with the new rules, which has reduced demand for condos. 'In Brickell, the allure lies in luxurious high-rises with breathtaking views and top-tier amenities like pools, gyms, and more - all within close proximity to workplaces.' He added that buyers searching for houses rather than condos tend to look for properties with a type of longevity. 'For those searching for houses, priorities shift to spacious yards, waterfront properties, private pools, and a sense of privacy. Buyers also focus on neighborhoods with strong potential for long-term value and appreciation,' Batra said. 'Additionally, flexibility is key; they often seek homes that can be easily rented out for a few months to a year if needed.' Batra admitted that some buyers are wary of Florida's turbulent housing market due to soaring HOA fees, skyrocketing insurance costs, and in some cases, hefty special assessments imposed by homeowners' associations. 'Buyers, both local and international, are increasingly concerned about rising costs. High insurance premiums and common charges are climbing across the board, adding to the burden already posed by elevated interest rates,' Batra said. 'These combined expenses are making it more challenging to purchase and maintain homes.' He noted that some of his clients have opted to purchase their homes in all-cash to escape these burdens. 'However, I've observed a growing trend among cash buyers, who are stepping in to offset these monthly costs,' he said. 'In fact, the most recent transaction involved an all-cash buyer, reflecting the strong demand in this segment.'


Daily Mail
an hour ago
- Daily Mail
The unlikely group 'destined' to be struck by Alzheimer's disease as early as 40
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Daily Mail
an hour ago
- Daily Mail
Doctor's dice with death after Volvo's brakes fail while accelerating on mountain road
A retired doctor was forced to crash his own car after it started to accelerate and his brakes failed on a mountain road. Peter Rothschild was driving down a mountain road in northern California in May when his new Volvo SUV started to accelerate, dashcam footage showed. The 69-year-old retired radiologist spoke with The Wall Street Journal about the horrifying journey and his battle to slow the car down. 'I kept pushing on the brakes and pushing on the brakes', he told the outlet - but the car continued to speed up. Horrifying footage of the incident showed the car quickly driving down the road, before Rothschild managed to crash the vehicle into an embankment to stop it. The side air bags deployed and the vehicle was damaged, but Rothschild added: 'I don't think I would've made the next curve and would've gone off the side.' Unbeknownst to Rothschild, and Volvo, his XC90 plug-in hybrid had a breaking defect. The vehicle had been recalled the month prior over failures with the rearview camera and given a software update. Volvo said that around 11,500 of those updated vehicles, which totaled 400,000, then started experiencing braking failures. After discovering the problem, Volvo said they immediately stopped installing the software updates. A statement said: 'We are treating this issue very seriously and doing everything we can to update all impacted vehicles as soon as possible.' Rothschild told the outlet that he bought his first Volvo in the 1980s and owns two currently. He passed down his love for the Swedish car manufacturer to his children, and claimed that he had spent close to a million dollars on Volvos over the years. His love comes from their renowned safety-first reputation, having invented important safety features including the three point safety belt. Following the brake failure however his enthusiasm for the brand has waned and he told the outlet that he is officially done with the brand. He added: 'The last thing you want to do is panic, but this was a scary road and without brakes it's very scary. This wasn't my fault. This was Volvo's fault.' Following the crash he said a third-party emergency provider had called him due to the air bags going off. He added: 'I remember telling them "you need to tell this to your supervisor, this is huge, this is really, really important".' After alerting Volvo, they discovered the software issued in the recall had interfered with the breaking system. They found that a driver could lose all braking functionality without warning 'after coasting downhill for at least 1 minute and 40 seconds', the company said. According to Volvo the problem occurs when drivers are using the vehicles regenerative braking technology. In normal circumstances the issue wouldn't happen. The car maker said they had received three reports of similar incidents, nobody was injured in them. In June they advised drivers of nine models not to use their car until it was fixed, they then said in July that all drivers should urgently go to a dealer to have it repaired. As of this week the company said that 600 of the vehicles remain unfixed. Rothschild is now considering a Tesla as his next purchase.