Novo sues Hims, alleging patent infringement
Danish pharmaceutical giant said Monday it has sued , accusing it of infringing on one of its key patents for semaglutide, the active ingredient in Ozempic and Wegovy. Shares of Hims extended losses ...
Looking into its Warner Bros. acquisition, the DOJ probes Netflix for anticompetitive tactics
As the Department of Justice probes proposed $83 billion acquisition of , it has reportedly subpoenaed at least one other entertainment company to investigate whether the streamer has taken part in a...
Netflix’s Sarandos: Big Tech is trying to “run away with the television business”
co-CEO Ted Sarandos testified before the Senate antitrust subcommittee in a packed hearing room on Tuesday, reflecting the intense public and regulatory interest in the company’s efforts to acquire Wa...
Dan Ives thinks Tesla will someday merge with SpaceX, too
Wedbush Securities analyst Dan Ives is just like us: he thinks that Elon Musk’s and SpaceX could someday become one company. In a note this morning, Ives argued there’s a “growing chance” Tesla will ...
SpaceX and Tesla are sounding very similar these days
Yesterday, Elon Musk announced that his space company, SpaceX, was acquiring his AI company , xAI. The vision for the newly merged company, expected to go public this year, sounds a lot like Musk’s ot...
SpaceX merges with xAI, reportedly will seek an IPO valuation of $1.25 trillion
Elon Musk’s giant space company has merged with his AI company, according to a letter from Musk posted on the SpaceX website. As part of the reasoning for the deal, Musk cited a pet idea among tech bi...
Reading between the lines on the latest SpaceX merger report and Musk’s cryptic tweet
Bloomberg reported this morning that SpaceX was in “advanced talks” with xAI about a merger. That might sound similar to some of the eye-popping stories we all read just a few days ago, but there are ...
GameStop rallies as Ryan Cohen’s M&A media blitz spurs buying
is trading higher again on Monday, up 2% in the premarket, as CEO Ryan Cohen continues his media blitz to tease potential M&A. Late Friday afternoon, CNBC reported that Cohen wants GameStop to buy a c...
Nvidia’s not investing $100 billion in OpenAI because the chip designer doesn’t want to pay the OpenAI valuation tax
The Wall Street Journal dropped a bombshell on Friday evening, reporting that Nvidia’s plan to invest up to $100 billion in OpenAI “has stalled after some inside the chip giant expressed doubts about ...
Tesla investors like the idea of merging with SpaceX
is trading up about 2.5% in early trading Friday after reports Thursday that the Elon Musk-led company was considering a merger with SpaceX, another of Musk’s many companies. That’s a better showing t...
GameStop CEO Ryan Cohen is eyeing what he says could be a “genius or totally, totally foolish” major acquisition
CEO Ryan Cohen told The Wall Street Journal that he’s on the hunt for a “big” acquisition in the consumer or retail industry that would ultimately either “be genius or totally, totally foolish.” Durin...
SpaceX is actually considering a merger with Tesla or xAI: Report
Bloomberg reports that Elon Musk’s SpaceX is considering merging with Musk’s . Earlier today, Reuters had reported that SpaceX was thinking of potentially merging with xAI ahead of SpaceX’s IPO this y...
Elon Musk’s SpaceX reportedly in talks to merge with xAI
CEO Elon Musk is reportedly exploring a merger between SpaceX and his artificial intelligence startup, xAI, a move that would bundle rockets, satellites, the social media site X, and AI under one comp...
Nvidia, Microsoft, and Amazon reportedly in talks to invest up to $60 billion in OpenAI
OpenAI is bringing in more revenue than ever, but with ambitions to spend north of $1 trillion on its AI infrastructure build-out — cash that it simply does not have to hand — it’s maybe no surprise t...
Paramount is doing everything except the one thing that could give its Warner Bros. bid a chance of success
just said it would extend the deadline for shareholders to tender their stock to its hostile bid, a move that does nothing except underscore that Paramount is trying everything except the one thing t...
Oracle gains amid report that the TikTok deal is poised to close this week
is gaining in premarket trading as Semafor reports that China and the US have signed off on the sale of TikTok’s US operations to a consortium in which the software giant is one of the three leading i...
Netflix goes all-cash in bid for Warner Bros., boosting its odds
on Tuesday applied more pressure to in the ongoing bidding war for , amending its offer to an all-cash proposal. Netflix shares ticked up in premarket trading, while Paramount and Warner Bros. were d...
Opponents of the Netflix-Warner Bros. deal take fight to Europe
Struggling to gain a foothold in the US, the groups opposing $83 billion acquisition of are mounting a European assault. CEO David Ellison this week met with top European film industry execs and Fre...
Ford reportedly in talks to buy hybrid vehicle batteries from Chinese auto giant BYD
Detroit’s and China’s are said to be in ongoing talks to partner on an agreement that would see Ford buy hybrid vehicle batteries from BYD, according to reporting from The Wall Street Journal. The r...
BitMine announces $200 million investment in Beast Industries, the business arm of YouTube star MrBeast
Not content with generating money through digital assets, is also attempting to cash in on another largely incorporeal industry: the attention spans of young people. The treasury company announced a...