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Alba Iulia
Monday, March 8, 2021

Business

Elon Musk’s Tesla takes a $27 billion hit

Tesla chief Elon Musk’s fortune suffered major losses and saw his fortune shrink by $27 billion last week as the electric-car maker’s staggering stock rally was thrown into reverse. Musk suffered the hefty paper...

Infamous “Pharma Bro” hit with Class Action Lawsuit

The infamous "Pharma Bro" Martin Shkreli was slapped with a class-action lawsuit Thursday from health insurers, Blue Cross who claims he engaged in a scheme to create a pharmaceutical monopoly that allowed him to inflate the price of...

Crafts Retailer Michael’s acquired by Apollo Global Management

Arts-and-crafts retailer Michaels said it has agreed to be acquired by private equity giant Apollo Global Management in a deal that values the company at $3.3 billion. The going-private transaction values Michaels’ outstanding stock at $22 a...

BioBiz: Merck to aid in COVID-19 vax production; Novavax eyes FDA filing for COVID-19 vax

Pharma giant, Merck is supporting efforts to expand the manufacturing capacity and supply of COVID-19 medicines and vaccines. The Biomedical Advanced Research and Development Authority (BARDA), a division of the Office of the Assistant Secretary for Preparedness...

Victoria Secret on the sale block again but for a lot more money

Victoria’s Secret is about to be sold again but this time, the lingerie label is selling for a lot more than before. Last year, the label was set to sell in a billion-dollar...

GameStop stock up again weeks after exploding on Reddit

GameStop shares are up nearly 40%, after doubling in price on Wednesday, in a new rally into the stock. The new spike in GameStop stock comes weeks after a massive jump in late January as individual investors...

Gap Inc. expands to meet the needs of online orders

Gap Inc plans to open a new state-of-the-art Customer Experience Center in Longview, Texas. By delivering inventory faster and more efficiently to customers across the country, the $140M investment will help Gap Inc. meet the rising customer...

BioBiz: Johnson & Johnson single-dose vaccine considered for emergency use authorization

Johnson & Johnson’s single-dose vaccine has been endorsed for consideration for emergency use authorization. According to an analysis by U.S. regulators that sets the stage for a final decision on a new and easier-to-use shot to help tame the pandemic....

Tesla stock tumble after Elon Musk loses $15B in a single day

Tesla’s stock price continues to take a tumble for the fourth straight day after its massive plunge yesterday wiped $15 billion off CEO Elon Musk’s net worth. The electric-car maker’s shares dropped as much...

Luxury giant LVMH buys half of Jay-Z’s champagne brand

Moët Hennessy, the world leader in luxury wines and spirits partnered up Shawn Jay-Z Carter through the acquisition of a 50% stake in Armand de Brignac, Jay-Z's prestige champagne. The partnership reflects a...
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Elon Musk’s Tesla takes a $27 billion hit

Tesla chief Elon Musk’s fortune suffered major losses and saw his fortune shrink by $27 billion last...
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Infamous “Pharma Bro” hit with Class Action Lawsuit

The infamous "Pharma Bro" Martin Shkreli was slapped with a class-action lawsuit Thursday from health insurers, Blue Cross who claims he engaged...

A New Cannabis Channel launching on 4/20

“A New Cannabis Channel” (ANCC), a far-reaching streaming television platform, is set to premiere next month on 4/20, the cannabis industry’s biggest day. The...

Crafts Retailer Michael’s acquired by Apollo Global Management

Arts-and-crafts retailer Michaels said it has agreed to be acquired by private equity giant Apollo Global Management in a deal that values the company...

BioBiz: Merck to aid in COVID-19 vax production; Novavax eyes FDA filing for COVID-19 vax

Pharma giant, Merck is supporting efforts to expand the manufacturing capacity and supply of COVID-19 medicines and vaccines. The Biomedical Advanced Research...