October 21, 2021
“Sara Blakely founded Spanx Inc. in 2000 with $5,000 of her personal savings earned from selling fax machines door-to-door. She just struck a deal with Blackstone Inc. that values the company at $1.2 billion…” https://finance.yahoo.com/news/blackstone-buy-majority-stake-spanx-155152406.html This just goes to show… Continue Reading…
October 7, 2021
“…News of a possible debt-ceiling accord stoked the biggest positive turnaround in the equity market in more than seven months on Wednesday, and stocks extended gains Thursday. In the bond market, traders bid back up the prices of Treasuries set… Continue Reading…
September 21, 2021
“Royal Dutch Shell Plc shareholders will get an unexpected $7 billion payout after the company promised to give them three quarters of the proceeds from the sale of Permian shale oil fields to ConocoPhillips… The cash pledge comes less than… Continue Reading…
July 26, 2021
“Used car prices averaged $25,410 during the second quarter of 2021, up from $20,942 a year ago, according to automotive resource site Edmunds. That’s a 21% jump. Because of the global microchip shortage, manufacturers are unable to produce enough new cars to… Continue Reading…
June 14, 2021
“Shares of iTeos Therapeutics Inc. ITOS, 30.79% soared 58.5% in premarket trading on Monday after the company announced a deal with GlaxoSmithKline GSK, +0.39% to develop and commercialize an experimental cancer therapy. GSK will make a $625 million upfront payment to iTeos, with an additional $1.4… Continue Reading…
March 10, 2021
“Shares of General Electric Co. dropped Wednesday, after the industrial conglomerate confirmed a $30 billion deal with AerCap Holdings NV, while also surprisingly proposing a 1-for-8 reverse stock split… The stock GE, -6.40% swung to a loss of 2.0% in premarket trading, reversing… Continue Reading…
November 16, 2020
“Home Depot Inc. agreed to buy building products distributor HD Supply Holdings Inc., reuniting the home-improvement retailer with its former subsidiary more than a decade after they split apart. Home Depot will buy all outstanding shares for about $56 apiece,… Continue Reading…
November 9, 2020
“Shares of aspiring lithium minerPiedmont Lithium soared Monday after the company signed a deal with Tesla. The deal is a sign that Tesla is focused on the supply chain for electric-vehicle batteries. The move also shows what can happen when… Continue Reading…
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…
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