News roundup: the top stories at midday on Monday
Elan in $1 billion royalty sharing deal with Theravance, personal insolvency agreements to hit self-employed pensions and O'Leary pledges to stay another five years at Ryanair.
**UPDATE:** Elan to pay $1 billion for 21% of Theravance royalties.
**O'Leary** pledges to stay another five years at Ryanair.
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