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“Vertex Pharmaceuticals to Acquire Alpine Immune Sciences for $4.9 Billion”

“Vertex Pharmaceuticals VRTX -0.02%decrease; red down pointing triangle has agreed to acquire Alpine Immune Sciences ALPN -0.01%decrease; red down pointing triangle for $4.9 billion in cash, bolstering its portfolio on kidney diseases as deals in biotechnology continue to heat up. The companies said Wednesday that Vertex would… Continue Reading…

Business, Economy

“New EPA limits on ‘forever chemicals’ in drinking water could cost $1.5 billion per year to implement”

“… …” https://www.cnbc.com/2024/04/10/forever-chemical-pfas-pfos-regulation-to-cost-1point5-billion-annually-.html This is one time the cost is worth it. The alternative is cancer causing chemicals. No thanks.

Business

“Microsoft to invest $2.9 billion to expand AI, cloud infra in Japan”

“Microsoft said on Tuesday it would invest $2.9 billion over two years to expand its cloud and AI infrastructure in Japan, the latest in a series of overseas expansions by large tech firms to support the development of artificial intelligence.… Continue Reading…

Business

“Israel’s Cyera triples valuation to $1.4 bln in funding led by U.S. investment firm”

“April 9 (Reuters) – Israel’s data security firm Cyera has tripled its valuation to $1.4 billion in less than a year as it raised fresh capital in a series C funding led by U.S. tech-focused fund Coatue Management… The rapid… Continue Reading…

Business

“Home Depot’s $18 Billion Acquisition: Genius Move or Waste of Money?”

“…The company just announced its biggest acquisition ever, taking over SRS Distribution for $18.25 billion, including SRS’s debt. Home Depot said the deal would expand its addressable market by around $50 billion, and CEO Ted Decker called SRS “An industry… Continue Reading…

Business

“Johnson & Johnson boosts heart device business with $12.5 billion Shockwave Medical deal”

“Johnson & Johnson on Friday agreed to buy Shockwave Medical for $12.5 billion in a deal that would help broaden its portfolio of medical devices used in treating heart diseases. The acquisition gives J&J access to a device that uses shockwaves to break… Continue Reading…

Business, Stocks

‘Intel shares fall after company reveals $7 billion operating loss in foundry business”

“Intel shares fell 4% at one point in extended trading Tuesday after the company revealed long-awaited financials for its semiconductor manufacturing business, commonly called the foundry business, in an SEC filing. Intel said its foundry business recorded an operating loss of $7 billion… Continue Reading…

Business

“Japan approves additional $3.9 billion in subsidies for chip firm Rapidus to meet semiconductor goals”

“Japan said Tuesday it has approved up to 590 billion yen ($3.89 billion) in additional subsidies for chipmaker Rapidus Corporation, as the country plays catch up with other nations on semiconductor manufacturing. The latest round of support will include up to… Continue Reading…

Business

“Home Depot is acquiring specialty distributor SRS for $18.25 billion in huge bet on growing pro sales”

“Home Depot on Thursday said it is acquiring SRS Distribution in an $18.25 billion deal, the latest and largest sign of its ambitions to drive sales by winning more business from contractors, roofers and other home professionals. The home improvement retailer expects… Continue Reading…

Business

“Trump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest People”

“…his social media company Trump Media & Technology Group wrapped up a 29-month-long merger process, meaning shares worth billions of dollars on paper are now officially Trump’s. All told, his net worth increased by more than $4 billion. That means… Continue Reading…