Consol Energy And Arch Resources To Merge In $5B Domestic Coal Entity
Arch Resources (NYSE:ARCH) and Consol Energy (NYSE:CEIX), two of the largest coal miners in the United States, are entering a merger that will create a $5.2 billion coal mining company. “This merger will join two proven leadership teams and best-in-sector operating platforms to establish a premier North American coal producer with worldwide reach and world-class […]
Roche Considers Selling Cancer Data Specialist Flatiron Health Business, Highlights Challenges With Start-Up Acquisitions
Roche Holding AG (OTC:RHHBY) is reportedly contemplating the divestiture of Flatiron Health, a cancer data specialist Roche acquired in 2018 for $1.9 billion. The move underscores the complexities and potential pitfalls that large pharmaceutical companies encounter when investing in early-stage health technology firms. Also Read: Roche’s New Immunotherapy Fails To Show Benefit Over Merck’s Blockbuster […]
Is Trending Stock Navios Maritime Partners LP a Buy Now?
Navios Maritime Partners LP (NYSE: NMM) has recently been on Zacks.com’s list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock’s performance in the near future. Shares of this company have returned -6.8% over the past month versus the Zacks S&P 500 composite’s […]
Insulin Device Maker Embecta Weighs Sale After 70% Share Decline Following Becton Dickinson Spin-Off
Embecta Corp (NASDAQ:EMBC), a manufacturer of disposable insulin pen needles and syringes, is considering a potential sale following a significant drop in its share price since being spun off from health tech giant Becton, Dickinson and Company (NYSE:BDX). The medical technology company, which supplies approximately 8 billion syringes and needle pens annually across more than […]
Tesla Set To Introduce ‘Night Curfew’ And Speed Limiters — A Bane For Teens But A Boon For Parents?
Tesla Inc. (NASDAQ:TSLA) is reportedly working on a new software update that will include parental controls, in a bid to enhance safety and security. The update, rumored to be version 2024.26, will introduce features such as a “Night Curfew” and speed limiters. What Happened: The “Night Curfew” feature is expected to alert parents via the […]
Carlyle Eyes $4B Acquisition Of Baxter’s Kidney-Care Unit Vantive: Report
Carlyle Group (NYSE:CG) is reportedly in exclusive talks to acquire Baxter International Inc.’s (NYSE:BAX) kidney-care spinoff, Vantive, in a deal valued at over $4 billion, including debt. The companies began exclusive negotiations in late June, the Wall Street Journal reported, citing sources familiar with the matter. An agreement could be announced in the coming weeks, […]
German Drug Developer Evotec Seeks Adviser Input As Takeover Concerns Mount
German drug developer Evotec SE (NASDAQ:EVO) is reportedly consulting defense advisers following a significant drop in share price, raising concerns about the company’s vulnerability to a takeover. Multiple buyout firms are reportedly evaluating Hamburg-based Evotec as a potential acquisition target, initiating early discussions with advisers to assess the company’s drug pipeline and strategic value. Evotec’s […]
Stocks Ease Ahead Of Wednesday’s Key Events, Apple Jumps To Record Highs, Bitcoin Tumbles To $66,500: What’s Driving Markets Tuesday?
Wall Street traded slightly in the red on Tuesday morning as markets took a cautious stance ahead of the inflation report and the Federal Open Market Committee (FOMC) meeting on Wednesday. The S&P 500 dipped 0.2% by 12:55 p.m. in New York, marking its worst daily performance month-to-date. Despite the overall market decline, the tech-heavy […]
Market Stays Flat As Investors Anticipate Key Economic Events; Energy Stocks Lead Gains, Regional Banks Decline: What’s Driving Markets Monday?
Wall Street is experiencing a quiet trading session on Monday, with major indices showing little movement by midday in New York, as traders maintain a cautious stance ahead of the highly anticipated inflation report and Fed meeting this Wednesday. U.S. stocks have erased early session losses sparked by rising volatility in Europe after the latest […]
Codelco Seeks Partner for Maricunga Lithium Project, Targeting 2030 Production
Chile’s state-owned mining company, Codelco, is targeting the start of lithium production at its Maricunga site by 2030. The Santiago, Chile-based company is developing the project from scratch and searching for a partner for such an endeavor. Rothschild & Co is evaluating partner candidates, according to Reuters. Codelco aims to conclude the partner search by […]