July 8 2022 🕓 2 min
Merck & Co. in talks to take over biotech firm Seagen
US pharmaceutical company Merck & Co is in advanced talks to take over biotech firm Seagan, a deal expected to be worth at least $40 billion.
Tag: shares
July 8 2022 🕓 3 min
Dow Jones surges above short-term resistance
It looks like today's session will also be bullish as the oversold conditions in the markets could produce a more significant relief rally.
July 7 2022 🕓 2 min
Samsung boosts operating profit to highest since 2018
The company's performance was boosted by strong sales of memory chips for servers, while demand from mobile phone manufacturers was weaker.
July 5 2022 🕓 2 min
SAS files for bankruptcy protection in the US
SAS had to file for bankruptcy protection in order to reduce its debts and restructure. This was after a strike by more than 1,000 pilots.
July 4 2022 🕓 2 min
Uniper shares weaken significantly after negative news
German gas giant Uniper SE is reportedly in talks with the government over a possible rescue package of up to 9 billion euros ($9.4 billion).
July 1 2022 🕓 2 min
General Motors is facing a major chip shortage
GM was unable to deliver nearly 100,000 vehicles in the second quarter because it was short of chips and other parts.
July 1 2022 🕓 2 min
Gazprom shares fall after dividend cancellation
Gazprom has lost more than a quarter of its market value after the state-owned company decided not to pay dividends to its shareholders.
June 29 2022 🕓 3 min
Michael Saylor buys the dip
MicroStrategy announced that it has purchased 480 bitcoins for approximately $10 million in the last 2 months.
June 23 2022 🕓 2 min
Netflix announced another round of staff layoffs
Netflix has already laid off 150 employees in May and it looks like it's still not over. Now it has announced the layoff of 300 more.
June 22 2022 🕓 2 min
Toyota unveils another production cut
Toyota has lowered its July production outlook and announced that it will produce 50,000 fewer cars in July.
June 20 2022 🕓 3 min
Will Zoom grow by more than 1200% by 2026?
Zoom was one of the hottest stocks during the covid pandemic. After the release it's still falling. However, Cathie Wood sees huge potential.
June 17 2022 🕓 2 min
AT&T and Verizon postpone the use of some 5G bands
The FAA announced that Verizon Communications and AT&T have agreed to delay the use of certain 5G bands until July 2023.