Business, Stocks

“Novavax shares nearly double on Sanofi deal to commercialize Covid vaccine, develop combination shots”

“Novavax on Friday said it has signed a multibillion-dollar deal with French drugmaker Sanofi to co-commercialize the company’s Covid vaccine starting next year and develop combination shots targeting the coronavirus and the flu, among other efforts. Shares of Novavax closed nearly 100% higher on Friday from… Continue Reading…

Business, Energy

“Microsoft signs deal to invest more than $10 billion on renewable energy capacity to power data centers”

“Microsoft has signed a deal with Brookfield Asset Management to invest more than $10 billion to develop renewable energy capacity to power the growing demand for artificial intelligence and data centers, the companies announced on Wednesday. Brookfield will deliver 10.5 gigawatts… Continue Reading…

Business

“Centuri Up 10% After Raising $315 Million in IPO, Icahn Deal”

“…Shares in the infrastructure services business of power company Southwest Gas Holdings Inc. closed at $23.13 each on Thursday in New York, after a deal priced at $21 per share to raise about $314.8 million in total. Centuri sold 12.4… 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

“Chipmaker Broadcom sells remote-access unit to KKR in $4 billion deal”

“Chipmaker Broadcom is selling a unit that allows users to access desktops and applications from any device to private-equity firm KKR in a $4-billion deal to streamline its portfolio after the $69-billion purchase of VMware last year. The end-user computing… Continue Reading…

Stocks

“Cloudflare stock jumps 21% on earnings beat as the company wins larger deals”

“Cloudflare shares rose 21% in extended trading on Thursday after the web security and content distribution network provider issued results and quarterly guidance that proved more robust than analysts had projected. Here’s how the company did, in comparison with estimates from… Continue Reading…

Business, Stocks

“Capital One to acquire Discover Financial Services in $35.3 billion all-stock deal”

“Capital One Financial is set to acquire Discover Financial Services in a $35.3 billion all-stock deal. Under the agreement, Discover shareholders would receive 1.0192 Capital One shares for each Discover share or about a 26% premium from Discover’s Friday closing price of $110.49. The… Continue Reading…

Energy

“Diamondback agrees to $26 billion deal to buy Endeavor Energy in growing Permian push”

“Shale producer Diamondback Energy said on Monday it would buy the largest privately held oil and gas producer in the Permian Basin, Endeavor Energy Partners, in a cash-and-stock deal valued at about $26 billion, including debt. The combined company would be the… Continue Reading…

Business

“Amazon terminates iRobot deal, Roomba maker to lay off 31% of staff”

“Amazon said on Monday it would not move forward with a planned acquisition of vacuum-maker iRobot, with the two companies saying in a release there was “no path to regulatory approval for the deal.” The Roomba maker also announced it would lay off 31% of its… Continue Reading…

Business

“Netflix will host WWE’s Raw starting next year in multibillion dollar deal”

“Netflix (NFLX) and TKO Group Holding’s WWE (TKO) announced a new partnership early Tuesday that will bring WWE’s flagship program Raw to the streaming service, beginning January 2025. The 10-year deal marks Netflix’s first big venture into the world of live sports… Continue Reading…