Synopsys jumps after Nvidia announces $2 billion investment as part of strategic partnership with the electronic design automation firm
spiked after announced a $2 billion purchase of its stock as part of a partnership between the two firms to “design, simulate, and verify intelligent products with greater precision, speed, and at lo...
Netflix climbs ahead of “Stranger Things” streaming premiere amid reports it is ramping up its efforts to acquire WBD
The final season of tentpole franchise “Stranger Things” debuts on the streamer at 8 p.m. eastern on Wednesday, and its stock appears to be safely out of the upside down. Netflix is trading up about ...
Pfizer’s CFO on building a post-Covid future and how it won the fight for Metsera
is trying to prove it can grow again. After a year of cost-cutting and strategic deals, the drugmaker’s $10 billion purchase of Metsera is just one part of a larger reset, CFO Dave Denton told Sherwoo...
Grindr falls after company ends engagement on take-private proposal
fell in premarket trading after it announced that a committee of board members decided to disengage with a take-private proposal by its majority shareholders due to “uncertainty as to the financing” f...
A potential Netflix purchase of Warner Bros. streaming and studio assets is causing headaches for investors, per Morgan Stanley
On the surface, it’s easy to see why would be interested in bidding for ’s studio and streaming assets: the opportunity to add iconic franchises like DC Comics, “Harry Potter,” and “The Lord of the R...
Warner Bros. shares jump as Paramount Skydance reportedly preps a $71 billion bid with Arab sovereign wealth funds
Shares of HBO and CNN parent are climbing on Tuesday on a report that rival is prepping a $71 billion bid for the entertainment giant. According to Variety, Paramount would front $50 billion for th...
Warner Bros. Discovery rises as potential sale boils down to bidding war between Paramount, Comcast, and Netflix
The potential sale of appears to have boiled down to three contenders: , , and . All three entertainment giants are prepping bids for WBD, with a deadline of next Thursday for first-round offers, acc...
Paramount Skydance says its DTC streaming biz will be profitable this year
, the product of an $8 billion merger that closed in August, reported third-quarter earnings results on Monday. Shares climbed more than 6% in after-hours trading, as the company said it expects its d...
Marvell jumps after Bloomberg reports that SoftBank explored a potential takeover of the company earlier this year
is trading more than 9% higher on Thursday morning after Bloomberg reported that investment giant SoftBank flirted with the idea of potentially taking over the US chipmaker earlier this year.
Yum! Brands is considering selling off struggling chain Pizza Hut
In recent years, 67-year-old chain Pizza Hut has fallen behind rival Domino’s in the ’za-making stakes. But now, it looks like the Hut might no longer even have a place in its parent company’s portfol...
Taser maker Axon dives after whiffing on earnings; announces acquisition
Taser and body camera maker reported much softer-than-expected Q3 earnings after the close of trading in New York on Tuesday, and simultaneously announced plans to acquire emergency communications pl...
Starbucks sells control of China business for $4 billion
disclosed on Monday evening in a regulatory filing that it will sell control of its ailing China business to Boyu Capital for about $4 billion. Under the agreement, Boyu will own a 60% stake in the Ch...
Pfizer reports earnings beat and boosts guidance as Metsera bid-off heats up
rose in early trading after it reported earnings results on Tuesday that beat Wall Street estimates as the company is embroiled in the middle of a bid-off for obesity biotech Metsera. The pharmaceutic...
Hims rises on revenue beat, discloses it’s again in partnership talks with Novo
reported third-quarter earnings results that missed Wall Street estimates but revenue that blew expectations out of the water. The company also said it’s talking with again about a potential deal to ...
Kimberly-Clark to buy Tylenol maker Kenvue, target of Trump’s autism attacks, in a deal worth $48.7 billion
Giant American drugmaker Kimberly-Clark said it is set to buy Kenvue, the maker of Tylenol whose stock has been pummeled by allegations from the Trump administration that its signature pain reliever c...
Moderna soars after STAT reports “a buyout or a large partnership” are on the table
rose nearly 15% on Thursday after STAT reported that the company has flirted with the idea of tying up with a larger drugmaker. The Covid vaccine maker has talked to at least one large drugmaker on a ...
Core Scientific shareholders vote against acquisition by CoreWeave
’s latest attempt to purchase has failed. Core Scientific announced that at its special meeting held earlier today, “the Company did not receive the requisite number of votes to approve the previousl...
CoreWeave’s attempt to buy Core Scientific is going down in flames
’s last attempt to buy Core Scientific in 2024 failed because management thought the bid was too low. Its July offer of an all-stock transaction then valued at about $9 billion was good enough to conv...
Fubo climbs as Disney merges the platform with Hulu Live TV
Shares of streamer are surging on Wednesday, after announced it completed its majority stake acquisition of the company. Fubo will be merged with Hulu Live TV, creating a juggernaut virtual pay-TV c...
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Palantir inks defense deal with Poland, touches new intraday high
touched a new intraday high of $192.83 early Monday, as the company rode the China trade truce rally in AI tech stocks and retail favorites. Palantir also signed a new deal to supply the government of...