Cigna’s Medicare Business Sale: Health Care Service Could Scoop The Business
Cigna Group (NYSE: CI) is reportedly in advanced negotiations to divest its Medicare Advantage division and is presently in discussions to sell it to Health Care Service Corp for around $3 billion-$4 billion. This potential agreement signifies a substantial stride for HCSC, a nonprofit health insurer recognized as the parent company of Blue Cross Blue Shield plans […]
Fisher Investments Denies Acquisition Discussions with Advent International
Advent International was reportedly discussing a potential acquisition of Fisher Investments, a money-management firm recognized for its extensive advertising campaigns. In response to the report from The Wall Street Journal, Fisher Investments debunked the acquisition rumors, asserting that neither Advent International nor any other entity was in the process of purchasing the firm. “Fisher Investments is not being bought by Advent […]
Bitcoin ETF Watch: SEC Reportedly Meets With Big Players, Demands Final Touches By This Deadline
Officials from the Securities and Exchange Commission reportedly engaged in meetings on Thursday with delegates from seven firms, all vying to introduce Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs). What Happened: The SEC convened a meeting on Thursday with representatives from firms such as BlackRock Inc (NYSE:BLK) and Grayscale Investments (OTC:GBTC) to discuss their proposed Bitcoin ETFs, Reuters reported, citing […]
Alternative Asset Manager Brookfield’s Diversification, Exploring UK Pension Insurance with Possible Acquisitions
Brookfield Corporation (NYSE: BN) and its affiliate Brookfield Reinsurance Ltd (NYSE: BNRE) are reportedly exploring the possibility of venturing into the U.K.’s pension insurance sector. This exploration focuses on the bulk annuities segment, where potential acquisition targets may include companies like Just Group and Pension Bulk annuities represent a type of insurance that enables companies’ pension plans to transfer their liabilities […]
Bitcoin Eyes Best Session In Nearly 2 Months: Bulls Regain $28,000 Mark, Surpass 200-Day Average
Bitcoin (CRYPTO: BTC) is poised to deliver its strongest daily performance since the end of August, surging by more than 5% as of 04:30 p.m. ET on Monday. The day’s price action has been marked by significant fluctuations, which didn’t prevent bulls from regaining control by as the day unfolded. Earlier Monday morning, Bitcoin soared […]
Why Is Alzheimer’s Player Prothena Stock Trading Higher Today?
Prothena Corporation plc (NASDAQ: PRTA) is reportedly talking to advisors, potentially preparing for a sale. The closely watched Alzheimer’s player is due to report key data expected in the coming months. Prothena’s wholly owned programs include birtamimab for AL amyloidosis and a portfolio of programs for the potential treatment of Alzheimer’s disease, including PRX012 that targets Aβ (amyloid beta) […]
Shutdown Averted, Treasury Yields Flirt With 5%, Strong Payrolls Add to Fed Tightening Risk: The Week In The Markets
A week filled with significant events impacting the markets culminated in an unexpectedly strong September jobs report. Government Shutdown Averted; House Ousts McCarthy: The U.S. Congress managed to avoid a dramatic government shutdown just hours before the midnight deadline Oct. 1 by passing a stopgap funding bill. This bill ensures the continuation of government operations […]
Amgen’s Adcomm Meeting Paves Way To Launch Boost For Mirati Therapeutics’ Lung Cancer Drug: Analysts
According to a report on Thursday, French pharma company Sanofi SA (NASDAQ: SNY) is reportedly exploring a potential acquisition of cancer drugmaker Mirati Therapeutics Inc (NASDAQ: MRTX). The deal would potentially bolster Sanofi’s drug pipeline, helping the company to reduce its reliance on the blockbuster asthma medicine Dupixent. Sanofi’s backing would also help Mirati commercialize Krazati and fund treatment and further […]
Is Cupertino’s Next Trick A USB-C-Powered Apple Pencil 3? iOS 17.1 Beta 2 Drops Clues
The discovery of a code reference within Apple Inc.’s (NASDAQ:AAPL) latest operating version, iOS 17.1 Beta 2, has raised questions about the potential development of an Apple Pencil 3 featuring USB-C charging support. What Happened: The 10.9-inch iPad, released in October last year, had posed a challenge regarding Apple Pencil compatibility. Due to design constraints, it couldn’t support the magnetic second-generation Apple Pencil, […]
Novartis Mulls Divesting Some Assets Of Radiopharma Unit In Strategic Shift
Swiss pharmaceutical giant Novartis AG (NYSE: NVS) is reportedly contemplating selling sections of radiopharmaceuticals company Advanced Accelerator Applications to align with the company’s strategy and the broader industry trend to shed low-growth segments. Novartis is currently in the initial phase of assessing a potential sale. Although discussions are underway, there remains uncertainty surrounding the outcome, emphasizing that a deal […]