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 […]
Barrick’s Canadian Exit Opens The Doors For US Redomiciliation
Barrick Gold Corp. (NYSE:GOLD), the world’s second-largest gold miner, is preparing to exit Canada completely by selling its final domestic asset—the Hemlo gold mine in Ontario. Surging gold prices triggered the company’s decision to optimize its portfolio, focusing on higher-margin operations. Located near Marathon, Ontario, Hemlo has been in continuous production for over 30 years, […]
World’s Largest Miner BHP Quietly Prepares For CEO Succession
The world’s largest miner, BHP Group (NYSE:BHP), is reportedly preparing for a leadership transition as CEO Mike Henry’s tenure approaches its expected conclusion. While no formal announcement has been made, company insiders suggested the board could initiate the succession process soon, with a potential handover in early 2026. According to information the company’s insiders shared […]
$5 Billion Bid From US Investor For ERG Opens Speculations For Kazakhstan’s Rare Earth Riches
American Businessman James Cameron has reportedly offered $5 billion to acquire Eurasian Resources Group (ERG), the world’s largest producer of high-carbon ferrochrome by chrome content. ERG has been headquartered in Luxembourg since its $4.5 billion privatization in 2013, and Kazakhstan’s government has a 40% stake in its global operations, which span 16 countries and four […]
Blackwater Founder Reaches a Security Deal With DR Congo
Erik Prince, a businessman and longtime supporter of President Donald Trump, has reportedly agreed to help the Democratic Republic of Congo (DRC) secure and tax its vast mineral wealth. According to Reuters, he reached the agreement before the M23 rebel group launched a major offensive in January 2025 that saw them seize key cities in […]