September 15, 2020
“Gilead Sciences will acquire biotech company Immunomedics in a $21 billion deal that will expand Gilead’s availability of cancer treatments, the companies announced on Sunday. Shares of Immunomedics surged more than 100% in premarket trading Monday. The deal will provide Gilead access to the drug Trodelvy, a… Continue Reading…
September 14, 2020
“Verizon Communications said Monday it would buy wireless services provider Tracfone, a unit of Mexican telecom America Movil, in a $6.25 billion cash and stock deal. Several mergers in recent years have led to an increasingly concentrated wireless industry in the U.S.,… Continue Reading…
September 14, 2020
“Chipmaker Nvidia has agreed to buy Arm Holdings, a designer of chips for mobile phones, from SoftBank in a deal worth $40 billion, the companies announced Sunday. The deal will include $21.5 billion in Nvidia stock and $12 billion in cash, including $2 billion payable at… Continue Reading…
September 11, 2020
“U.S. mall owners Simon Property Group and Brookfield Property Partners are close to finalizing an $800 million deal to rescue the embattled department store chain J.C. Penney from bankruptcy, avoiding a total liquidation and saving about 70,000 jobs and 650 stores, Joshua Sussberg of the… Continue Reading…
September 10, 2020
“Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. is offering to sell a roughly $20 billion stake in its retail business to Amazon.com Inc., according to a person with knowledge of the matter. Amazon has held discussions about investing in the… Continue Reading…
September 8, 2020
“A $750 billion industry still struggling to bounce back from the last crisis is cracking under the Federal Reserve’s lower-for-longer mantra on U.S. interest rates. Prime money-market funds — a long-time favorite for anyone seeking a cash-like investment with a… Continue Reading…
September 4, 2020
“Debt can be overwhelming, especially if it’s in the double or triple-digits. Just ask Tiffany “The Budgetnista” Aliche who had around $300,000 in debt after the last recession… “Focus on that credit card debt. That’s the one that’s costing you… Continue Reading…
September 4, 2020
“After a disappointing summer, General Electric (NYSE:GE) finally looks set to recover… The QSR scores have been quick to spot GE’s comeback. Over 60% of the firm’s revenues now come from its high-margin aviation and medical businesses. Its loss-making renewable energy segment… Continue Reading…
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