Troubled Grubhub’s Parent Company Seeks Investment Partner: WSJ
Dutch multinational online food ordering and delivery company Just Eat Takeaway.com NV (OTC: TKAYF) is hit by doubts about whether it can sell its U.S. operation, Grubhub Inc. As per Wall Street Journal, Grubhub CEO Adam DeWitt said the company’s parent hopes to find a strategic partner, though a divestiture cannot be ruled out. In some … Full […]
Robinhood Merger With FTX Could Be ‘Win-Win’: Why This Analyst Is Bullish On M&A Rumors
Rumors of Robinhood Markets Inc (NASDAQ: HOOD) being acquired by FTX sent shares soaring Monday. While FTX CEO and co-founder Sam Bankman-Fried put the rumors to rest for now, one analyst can’t help but think of the possibility of a merger. The Robinhood Analyst: Piper Sandler analyst Richard Repetto has a Neutral rating on Robinhood […]
Merck/Seagen Potential Deal Talks Pick Up Speed: WSJ
Merck & Co Inc (NYSE: MRK) is pushing forward with a potential deal for Seagen Inc (NASDAQ: SGEN), Wall Street Journal reported, citing people familiar with the matter. The Journal mentioned that the deal could be one of the largest takeovers of the year. The Wall Street Journal reported last week that Merck was in talks to buy Seagen, which […]
Apple’s Expected New 15-Inch Macbook: What We Know So Far
Apple Inc (NASDAQ: AAPL) has long been rumored to launch a larger version of its Macbook Air. In this article, we will review all that we know about this upcoming device. What Happened: The latest version of the Macbook Air has a 13.6 inches screen, but rumors say the newer model is significantly larger at 15 inches. That would […]
SVB Leerink’s Pro-forma Analysis Of Speculated Merck/Seagen Deal – What Investors Need To Know
SVB Securities conducted a pro-forma analysis of the financial impact to Merck & Co Inc (NYSE: MRK) from a potential acquisition of Seagen Inc (NASDAQ: SGEN). The analysts refrain from commenting on the probability of the deal happening. The analysis suggests that the short-term impact on EPS from the potential acquisition will likely be meaningfully dilutive. Related: Merck Shows Takeover Interest […]
Elon Musk Being Sued For $258B Over Alleged Dogecoin Manipulation: The Rise And Fall Of The Famous Meme Coin
In Manhattan yesterday (6/16/22), a class-action lawsuit was filed against Tesla Inc (NASADAQ: TSLA) CEO Elon Musk, by a man named Keith Johnson. The accusation is that Musk, Tesla, and SpaceX are operating an illegal racketeering enterprise to inflate the price of Dogecoin (CRYPTO: DOGE) most often referred to as a meme coin. The lawsuit comes […]
Merck Shows Takeover Interest In Seagen: WSJ
Merck & Co Inc (NYSE: MRK) is reportedly mulling buying cancer-focused biotech Seagen Inc (NASDAQ: SGEN), Wall Street Journal reported citing people familiar with the matter. If the deal happens, it would be significant, given Seagen’s market value of roughly $28 billion. According to the report, some people said … Full story available on Benzinga.com Read More
Why Mereo BioPharma Shares Are Jumping Today
AstraZeneca plc (NASDAQ: AZN) is rumored to be eyeing take over of Mereo BioPharma Group plc (NASDAQ: MREO), according to a report in The Times. The Times’ report says that “Mereo would accept $5, equating to $500 million including American depositary receipts or ADRs. Evercore and Citigroup are said to be involved as advisers.” Mereo’s lead drug, a TIGIT […]
The Fed Raised Interest Rates By Historical Numbers: How You Can Combat Surging Inflation
The Federal Reserve and its Chair, Jerome Powell, raised interest rates by three-quarters of a percentage point on Wednesday, June 15th, 2022. The raise is the highest of its kind in nearly 30 years. Desperate times call for desperate measures, and The Fed is no exception, as it attempts to regain control amidst the chaos. […]
Three Arrows Co-Founder Gives Pace To Insolvency Rumors: ‘Fully Committed To Working This Out’
Zhu Su, the co-founder of the cryptocurrency investment firm Three Arrows Capital has spoken out on social media as rumors swirl around the hedge fund’s impending insolvency. What Happened: The 3AC co-founder tweeted, “We are in the process of communicating with relevant parties and fully committed to working this out.” Zhu’s comments came even as […]