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 […]
How Spirit Stock Will Perform As Travel Prices Soar: What Potential Mergers May Mean
Earlier this year, Frontier Group Holdings Inc (NASDAQ: ULCC) agreed to buy Spirit Airlines (NYSE: SAVE) for $2.9 billion in cash and stock. Neither of those airlines provides long international flights but are two of the cheapest domestic flight providers in the US. Since the announcement Spirit’s stock has been on a rollercoaster of sorts, […]
Australia’s ResApp Takeover Bid Undervalued – Read What Pfizer Did
Following an independent expert report suggesting that Australia-based ResApp Health Limited’s current share price was undervalued, Pfizer Inc (NYSE: PFE) bolstered its takeover bid. According to a Market Herald report, Pfizer will now offer 20.7 cents/share for ResApp if it can repeat the success of its cough-based COVID-19 detection test as per its pilot study in March. If not, […]
Vladimir Putin’s Rumored Girlfriend Spotted Twice In Public This Week
Vladimir Putin‘s alleged girlfriend, Alina Kabaeva, was reportedly spotted twice this week, marking rare public appearances since she was outed by Western governments as being linked to the Russian President. What Happened: Kabaeva, suspected of having a secret family with Putin, was pictured earlier this week on a tour of the Russian Museum in St. Petersburg, Daily Express reported. Kabaeva […]
Apple Has Been Working On AR Glasses For Over 27 Years: What We Know So Far
This is the second article of a two-part deep dive into Apple Inc.‘s (NASDAQ: AAPL) development of its two upcoming mixed reality (MR) device lines. Before reading any further, we suggest reading our explanation of augmented reality (AR), virtual reality (VR), MR and extended reality (XR) as well as the first article of this series. What Happened: Apple is expected […]