CVS Health Continues M&A Spree, As It Is Close To $10B Bet For Oak Street Health
CVS Health Corp (NYSE: CVS) is reportedly close to an agreement to buy primary care center operator Oak Street Health Inc (NYSE: OSH) for about $10.5 billion, including debt. If goes through, the deal could be announced as soon as this week. The Wall Street Journal report added that the companies are discussing a price of about $39 a share. […]
Ford Might Not Get To Sell Its German Plant To Warren Buffett-Backed Chinese EV Maker After All
Ford Motor Co’s (NYSE: F) German plant is reportedly unlikely to be sold to Warren Buffett-backed Chinese EV-maker BYD Co. (OTC: BYDDF). What Happened: Ford was in talks with nearly 15 potential investors, including BYD, for the plant located in Sarrlouis, Germany, reported Bloomberg, citing people familiar with the matter. “We aren’t focusing on certain […]
Danaher Shows Interest In Acquiring Catalent Valued At Significant Premium: Report
Danaher Corporation (NYSE: DHR) has reportedly expressed interest in acquiring the contract manufacturer Catalent Inc (NYSE: CTLT). According to the sources, the recent moves by the life science firm valued Catalent at a significant premium. It’s unclear how Catalent will proceed or whether it’s receptive to a takeover offer, Bloomberg reported citing people familiar with the matter. Related: Danaher Says … […]
Apple’s Next Move: An iPhone That’s More High-End Than Pro Max?
Apple Inc. (NASDAQ:AAPL) is apparently planning to add a new higher-end iPhone model to the top of its smartphone lineup and could introduce it alongside its 2024 release. What Happened: Apple plans to use the term “the Ultra” to add a new model that will top both Pro and Pro Max levels. The new iPhone […]
Apple Making Its Biggest Watch Even Bigger? Watch Out Next Year
Apple Inc. (NASDAQ:AAPL) is set to make its biggest Apple Watch even bigger and could reportedly launch it as soon as next year. What Happened: The Cupertino-based tech giant is making its Apple Watch Ultra much bigger. The device could see a 10% increase in display size, a new report from supply chain source DigiTimes […]
What’s Going On With Lucid Group Stock?
Lucid Group Inc (NASDAQ: LCID) shares remain volatile Monday morning amid unconfirmed rumors that the company could be acquired by the Saudi Public Investment Fund. What Happened: Lucid shares soared more than 40% on Friday following rumors the Saudi Public Investment Fund was planning a buyout of the electric vehicle maker. The Saudi PIF already owns more than 65% of […]
Why EV Stocks Lucid Group, Rivian Automotive, Tesla Are Rallying Friday
Lucid Group Inc (NASDAQ: LCID) shares were ripping Friday and halted on a circuit breaker to the upside in early afternoon trading following rumors circulated by traders the Saudi Public Investment Fund is planning to buy out the remainder of the electric vehicle company. Benzinga has contacted the Public Investment Fund for comment on this story. […]
Apple Won’t Be Developing Wi-Fi Chip For Now, Says Analyst — Making This Chipmaker ‘Biggest Winner
Apple Inc. (NASDAQ:AAPL) has reportedly halted the production of its in-house Wi-Fi chip for a while and Broadcom Inc. (NASDAQ:AVGO) will receive “the best end” of this development. What Happened: Investors shouldn’t be worried about Apple’s in-house Wi-Fi chip affecting Broadcom’s business, according to Ming-Chi Kuo, a notable analyst at TF International Securities. See Also: […]
Oregon Update: Psilocybin Therapy Services Implementation, From Concept To Reality
Oregon’s Measure 109 provides the state with the first comprehensive legal psilocybin therapy program in the U.S. The Oregon Health Authority (OHA) has begun receiving applications on behalf of training programs and service centers as well as labs and manufacturing businesses. By the second week of January, the OHA was reviewing six applications, while several […]
AI Battle: Gates, Brin, Page, The OGs Of Tech Leave ‘Retirement’ For Heavyweight Fight
A handful of tech visionaries from the late 1990s to early 2000s are re-engaging or revealing a continued involvement with their former companies in the wake of the release of OpenAI’s ChatGPT. What Happened: Last month, Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), the parent company of Google, held several curious meetings after CEO Sundar Pichai issued […]