But it rejected a nationwide injunction against the product until the government completed an environmental review.

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Tom Siebel, a star Oracle salesman, left in 1990 to found Siebel Systems when Ellison rejected his idea for a sales-force product.

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The next day ImClone announced that the U.S. Food and Drug Administration had rejected its application for the approval of its Erbitux cancer drug, the one product in its pipeline, causing a steep decline in the share price.

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