Advent, Warburg Pincus Lead Multi-Billion Buyout Bid For Baxter’s BioPharma Solutions
A buyout consortium comprising Warburg Pincus and Advent International is in advanced talks to acquire Baxter International Inc’s (NYSE: BAX) biopharma solutions business. BioPharma Solutions offers contract manufacturing services to the pharma and biotech industries. The deal value could reach or exceed $4 billion. Warburg Pincus and Advent have submitted the most attractive offer to Baxter in an […]
Why Cosmetics Company Estee Lauder’s Shares Are Surging Today
Estee Lauder Companies Inc (NYSE: EL) shares are up Monday premarket following reports that billionaire Nelson Peltz is planning an overhaul of the company, including ousting of the CEO and a sale of the company. It is unclear whether the activist investor has acquired shares in the cosmetics giant, reported Read More
Amazon Accidentally Leaks Pixel Tablet Specs, Release Date And Price — Google Stays Mum
Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) upcoming Google Pixel Tablet’s specification, release date and price have been mistakenly leaked by Amazon.com, Inc. (NASDAQ:AMZN), giving consumers a glimpse of what to expect from the tech giant’s latest offering. What Happened: During the weekend, Amazon’s Japanese website accidentally leaked crucial details about the upcoming Pixel Tablet. According to the now-removed Pixel Tablet page on Amazon […]
Western Alliance Stock Bounces Back After Bank Denies Reports Of Potential Sale, Alleges Short Sellers Involved: ‘Shameful And Irresponsible’
Western Alliance Bancorp (NYSE: WAL) shares are extremely volatile Thursday. The stock plunged following reports that the bank was exploring a potential sale, but shares are bouncing back after the company denied the reports. What Happened: Western Alliance shares were halted several times in early trading as the stock faced heavy selling pressure on the […]
Private Equity Apollo Global Nears Arconic $3B Deal: Report
Apollo Global Management Inc (NYSE: APO) is reportedly close to taking Arconic Corporation (NYSE: ARNC) private in a roughly $3 billion deal. The deal is set to value Arconic at $30/share. Assuming the talks don’t fall apart at the last minute, the announcement to come by the time Arconic reports its results Thursday, Wall Street Journal reported citing people close […]
Global Conversation On Psychedelic Therapy: Perspectives From Europe And The UK
On an international level, psychedelics remain in the most restrictive category of the 1971 UN Convention on Psychotropic Drugs. The convention has allowed for the establishment of different drug policies among European countries, with more permissive ones found in places like the Netherlands and Portugal. Members of the European Parliament have stated concern about the […]
Apple Might Bring Back Wired EarPods Ahead Of iPhone 15 Launch: Are We Going Back in Time?
Apple Inc. (NASDAQ:AAPL) is reportedly working on a groundbreaking change in its audio connectivity ahead of the iPhone 15 launch. What Happened: In response to a Twitter user who said USB-C iPhones wouldn’t have any Made for iPhone or MFi limitations, ShrimpApplePro, a reliable source for Apple leaks, said that mass production is underway for a new version of EarPods and […]
Microsoft Reportedly Discontent With Xbox Performance, Says Gaming Journalist: What’s Going On?
Jeff Grubb, a gaming journalist and co-host of the podcast Game Mess, said Microsoft Corp.’s (NASDAQ: MSFT) management isn’t happy with the state of Xbox. Grubb also revealed Hi-Fi Rush failed to generate the expected revenue and discussed the recent news that Redfall, an online multiplayer game and Xbox’s first-party exclusive title set for release, would not support […]
Carlyle Seeks New Investors For McDonald’s China Arm, US Judge Halts Several Johnson & Johnson’s Talc-Related Lawsuits, A Look At How Much Alphabet Analysts, Managers And Engineers Get Paid: Today’s Top Stories
Bloomberg Carlyle Seeks New Investors For McDonald’s $10B China Arm Private equity company Carlyle Group Inc (NASDAQ: CG) reportedly intends to find new investors for its investment in McDonald’s Corp’s (NYSE: MCD) Chinese operations. The buyout firm, which controls McDonald’s China, together with Trustar Capital, has been discussing shifting its ownership to a new investment vehicle. The report added that […]
Apple’s Upcoming AR/VR Headset Has Secret Tester ‘Blown Away’
Apple Inc.’s (NASDAQ:AAPL) upcoming mixed-reality headset has reportedly left a secret tester thoroughly impressed and “blown away” by its immersive capabilities. What Happened: Evan Blass, a trustworthy leaker known for accurate predictions, such as regarding iPhone 12 mini, shared information about Apple’s highly anticipated mixed reality headset. He said that a tester who has experienced multiple […]