Early Briefing: Emergent Makes a Buy

*Emergent BioSolutions said it wanted to diversify beyond biodefense, and to that end it is buying Protein Sciences of Meriden, Conn. Protein Sciences makes a next-generation flu vaccine called FluBlok that federal regulators have put on a fast track to approval.

Under the terms of the deal, which includes assumption of debt and future payments, Rockville-based Emergent could pay upward of $75 million Protein Sciences.

*Gas in some places is over $4 a gallon, and some people are giving up on driving to work and opting for mass transit, leading to significant ridership increases.

Officials are trying to avoid getting overwhelmed. Loudoun County, dealing with a 23 percent jump in bus ridership, put additional buses in service. Maryland approved expanded bus service on commuter routes into Washington. And Metro is working on a contingency plan for if gas prices go to $5 a gallon.

* Three years ago, Service Employees International Union President Andy Stern fomented an uprising against the AFL-CIO. Decrying the decline of membership and lack of focus on organizing, Stern marched a dissident coalition out of the 50th anniversary of the largest labor group in the United States.

This week, a faction of Stern's DC-based union plans its own uprising, not to secede, but to take a stand against Stern at the group's 24th quadrennial convention, in San Juan, Puerto Rico. Its charges: In Stern's quest to build the ranks of a movement that has dwindled to less than 8 percent of U.S. private-sector workers, he has crossed the line from leader to autocrat and consolidated power in Washington away from the local chapters.

By Terri Rupar  |  May 27, 2008; 5:00 AM ET  | Category:  Morning Brief
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