Category: Rumors

Meta Platforms Denies Zuckerberg Plans To Resign: What You Need To Know

Meta Platforms Inc (NASDAQ: META) denied a report Tuesday that founder and CEO Mark Zuckerberg is set to resign as early as next year amid the company losing billions on its Metaverse investments. What Happened: The report, published by The Leak, which reports on rumors in politics and tech, cited unnamed sources in saying that […]

Novartis Mulls Disposing Its Non-Core Ophthalmology and Respiratory Units

Novartis AG (NYSE: NVS) is reportedly weighing divesting non-core assets as it seeks to raise money to invest in cutting-edge medicines, people familiar with the matter said. The pharma giant is in the early stages of considering options for its ophthalmology and respiratory units. Some private equity firms are already studying the businesses. Bloomberg noted that the ophthalmology […]

In Hot, Out Cold: Trump’s 2024 Comeback Looks Bleak If DeSantis Hype Is Real

Former President Donald Trump is expected to announce his bid for the 2024 presidential race. Invites for the announcement, scheduled to take place at Trump’s Mar-a-Lago resort in Florida on Tuesday, Nov. 15, reportedly went out Thursday. There has been a lot of speculation about a possible Trump run for president again, with the Trump-affiliated […]

Walgreens-Controlled VillageMD In Talks With Summit Health For Possible Takeover

Walgreens Boots Alliance Inc (NASDAQ: WBA) VillageMD is weighing a merger with Warburg Pincus-backed Summit Health. The deal of VillageMD acquiring Summit would value the combined entity at between $5 billion to $10 billion. An agreement could be reached in the coming weeks, though talks could still fall apart, Bloomberg reported. The talks come as Walgreens rivals, including CVS Health Corp (NYSE: CVS) and Amazon.com […]

Thermo Fisher Reportedly Close To Buying UK-Based Diagnostic Firm For $2.3B

Thermo Fisher Scientific Inc (NYSE: TMO) is close to acquiring UK-based diagnostic firm Binding Site from private equity fund Nordic Capital. The lab equipment and supplies giant is reportedly paying more than £2 billion ($2.3 billion) for the deal. Binding Site is developing diagnostic products to detect immune-system disorders and caters to clinicians and laboratory professionals.  Also Read:  […]

Royal Bank of Canada Plans UK Commercial Banking Push, But Rules Out For This Business

Royal Bank of Canada (NYSE: RY) is reportedly planning a push into the U.K.’s commercial banking market through acquisition and will look for opportunities to expand wealth management.  Chief executive Dave McKay told the Financial Times that he was keen to expand into commercial banking.  “What we have in the U.S., that we don’t have in […]

Juul Explores Possible Bailout With Investment From Its Top Investors

Altria Group Inc (NYSE: MO)-backed Juul Labs Inc is reportedly in talks with top-notch investors, including Nick Pritzker and Riaz Valani. They are considering putting money into the company to potentially stave off a bankruptcy filing. Messrs. Pritzker and Valani were early investors in Juul, have been longtime directors, and are among the company’s largest shareholders. The deal […]

Elon Musk’s Love Affair With Dogecoin Continues As Twitter Considers Crypto Wallet

Twitter Inc (NYSE: TWTR) is reportedly working on a cryptocurrency wallet that supports crypto deposits and withdrawals, according to Security Researcher Jane Wong. The social media platform recently launched a feature called “Tips,” which enables users to link a third-party payment service and post their Bitcoin (CRYPTO: BTC) or Ethereum (CRYPTO: ETH) wallets to their […]