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Alphabet’s unprofitable Verily unit in skin-care deal with L’Oreal
A L’Oreal logo is found at the company’s workplaces in Levallois-Perret, around Paris, France, May well 7, 2021. REUTERS/Christian Hartmann Register now for Free of charge unlimited accessibility to Reuters.com Sign-up Jan 20 (Reuters) – Alphabet Inc’s (GOOGL.O) revenue-shedding health tech arm Verily on Thursday introduced a new tie-up in its lookup for sustainable income, saying it would examine skin health and investigate new merchandise with cosmetics maker L’Oreal SA (OREP.PA). The corporation declined to disclose conditions of what it known as a “strategic, multi-12 months partnership and research collaboration” with L’Oreal. Executives who have left Verily have criticized it for signing flashy, 1-off exploration collaborations with pharmaceutical organizations instead…