Joby Aviation Stock Goes Vertical As Secret, Massive Drone Achieves 9-Hour Flight
Joby Aviation, Inc. (NYSE:JOBY) shares have gained nearly 30% over the past month and a new report from Hunterbrook Media released Friday suggests the company can really “go the distance.” What To Know: Hunterbrook Media claims that Joby has quietly started testing a new, long-range hydrogen-powered unmanned aerial vehicle (UAV) called the JAI 30. Benzinga […]
AstraZeneca In $15B Talks For Drug That Could Upend Lung Cancer Treatment
In a high-stakes maneuver that could reshape the oncology landscape, AstraZeneca Plc (NASDAQ:AZN) is reportedly in talks with Summit Therapeutics Inc. (NASDAQ:SMMT) about a partnership worth up to $15 billion. What Does This Mean? The deal would give AstraZeneca the rights to a lung cancer drug called ivonescimab. Bloomberg reported that the discussions are private, […]
UnitedHealth Eyes Retreat From Latin America After $8.3 Billion Loss
UnitedHealth Group Inc (NYSE:UNH) is reportedly weighing multiple offers for its Latin American business as it scrambles to recover from a string of corporate stumbles, including a leadership shakeup and a reported federal investigation. The potential sale, involving its Banmedica unit, comes as the company seeks to restore shareholder confidence and streamline operations under new […]
Anglo Nears De Beers Sale As Three Potential Buyers Emerge
Anglo American (OTCQX:AAUKD) is nearing the start of a formal sales process for its diamond unit, De Beers. The firm has owned the brand since 2011, but a comprehensive restructuring following a failed $49 billion bid from BHP last year has led the firm to focus on other commodities. According to Bloomberg, three interested bidders […]
Merck’s Dealmaking Intensifies With MoonLake Bid As Keytruda Patent Cliff Nears: Report
US drug giant Merck & Co Inc (NYSE:MRK) reportedly approached Swiss biotech MoonLake Immunotherapeutics (NASDAQ:MLTX) with a bid exceeding $3 billion. While MoonLake turned down the initial offer, talks may be revived. The potential deal signals renewed dealmaking activity as investor pressure has mounted on Merck to secure new assets, especially as its blockbuster cancer […]
Glencore’s Restructuring Sets Stage For Mining Mega-Merger
Glencore (OTCPK: GLCNF) has shifted nearly $22 billion in foreign assets into its Australian subsidiary, Glencore Investment Pty Ltd, effectively doubling its holdings to $42 billion. With this move, management consolidated key assets, including coal mines in Canada, South Africa, and Colombia; the MARA copper project in Argentina; and South African manganese, chrome, and vanadium […]
Why Is Diagnostic Firm Hologic Stock Trading Higher On Tuesday?
Private equity firms TPG and Blackstone (NYSE:BX) recently bid to acquire Hologic Inc. (NASDAQ:HOLX), valuing the U.S. medical technology company at over $16 billion. Hologic is an American medical technology company primarily focused on women’s health. It sells medical devices for diagnostics, surgery, and imaging. While Hologic rejected the initial nonbinding offer, citing sources, the […]
DR Congo To Finalize Minerals Deal With Washington in June
The Democratic Republic of Congo (DRC) is preparing to finalize a minerals deal with the United States by the end of June. The initiative could combine a U.S.-backed peace agreement with Rwanda with expanded access for American companies to Congo’s vast deposits of lithium, cobalt, and coltan—materials crucial to global technology and energy sectors. According […]
Dundee Precious Metals Eyes Adriatic Metals For $935 Million, No Formal Offer Yet
Canadian miner Dundee Precious Metals (OTCPK: DPMLF) confirmed that it is in discussions to acquire UK-based Adriatic Metals (OTC:ADMFL), following market rumors. Dundee confirmed the speculations, although noting that “there can be no certainty that any offer will be made, nor as to the terms on which any offer might be made.” Per Sky News, […]
Wolfspeed Stock Plunges 59% On Bankruptcy Fears: Options Traders Cash In
Wolfspeed, Inc. (NYSE:WOLF) shares plunged on Wednesday following a report that the company is preparing to file for Chapter 11 bankruptcy protection as it struggles with a mountain of debt. Unusual options activity was spotted Tuesday afternoon before the report was released. What To Know: A Wall Street Journal report released after the closing bell […]