Friday, May 20, 2022

Business

Amazon signs agreement to Acquire MGM for $8.45 Billion

Amazon announced today that it will acquire the Metro Goldwyn Mayer’s (MGM) for $8.45 billion, significantly enhancing its online content strategy. “MGM has a vast catalog with more than 4,000 films—12 Angry Men, Basic...

Oatly stock soars nearly 30 percent during the company’s public market

Shares of the oat milk brand Oatly soared nearly 30 percent during the company’s public market debut Thursday. The stock began trading around 11:45 a.m. ET at $22.12, about 30 percent above the IPO price,...

BioBiz: Bristol Myers Squibb to Pay Up to $1.38 Billion to License Agenus’ Oncology Drug

Bristol Myers Squibb (BMS) will gain the global rights to Agenus’ investigational cancer drug, AGEN1777, in a deal worth up to $1.38 billion. Under the licensing agreement, BMS will spearhead development and commercialization of...

Krispy Kreme flushed with new dough, files for IPO

Krispy Kreme said this week that it had confidentially filed with U.S. regulators for an initial public offering, a move that would result in the doughnut chain's return to the stock market five years after it was...

JAY-Z closes deal to sell TIDAL to Twitter co-founder Jack Dorsey

Jay-Z’s deal to sell his music-streaming service Tidal to Jack Dorsey’s financial services company Square has closed at more than $435 million. Square is paying $350 million for 80 percent of Tidal in the...

US economy surges in first quarter as COVID recovery gains steam

The US economy surged 6.4 percent in the first quarter of the year as the US recovery from the COVID-19 pandemic picked up speed, driven by government spending and mass vaccinations. America’s gross domestic...

Jessica Alba’s Honest Co. aims to go public and targets $1.5 billion valuation IPO

Celebrity brand, Honest Co. said Monday it was aiming for a valuation of over $1.5 billion in its initial public offering in the US. Actress Jessica Alba, known for her roles in film “Fantastic Four”...

Benzinga Makes an Investment in Crypto

The financial media company, Benzinga is diversifying its corporate treasury into Cryptocurrency, joining the innovative ranks of Tesla and MicroStrategy. Benzinga is among the nation's leading financial news outlets providing real-time news coverage to more brokerages than any...

BioBiz: Johnson & Johnson COVID-19 Vaccine stopped; Repertoire gets $189M infusion; Agenus presents clinical data; Solo-Dex launches and more

Both the FDA and Centers for Disease Control have decided to stop administering Johnson & Johnson’s Covid-19 vaccine after reviewing data involving six reported cases of a rare and severe type of blood clot in individuals in...

JPMorgan Chase CEO Jamie Dimon: US economy is poised to come roaring back

In his annual letter to shareholders, JPMorgan Chase CEO Jamie Dimon says the US economy is poised to come roaring back from the coronavirus crisis over the next two years. According to Dimon, hefty government...
- Advertisement -

Latest News

Elon Musk to Acquire Twitter

Twitter, Inc. made it official, it has entered into a definitive agreement to be acquired by an...
- Advertisement -

Renters of color pay higher security deposits, more application fees

Results from Zillow's Consumer Housing Trends Report show renters of color typically submit more applications — and pay more in application fees — before they secure...

FDA investigating illnesses linked to Lucky Charms

The Food and Drug Administration is now investigating why hundreds of consumers have reported becoming ill after eating Lucky Charms cereal.

Inflation, war push stress to alarming levels at the two-year COVID-19 anniversary

Two years after the World Health Organization declared COVID-19 a global pandemic, inflation, money issues and the war in Ukraine have pushed...

Data published in a Lancet journal on novel COVID-19 vaccine shows it produced robust antibodies and T cells against SARS-CoV-2

A COVID-19 investigational vaccine, developed by City of Hope scientists and now licensed to GeoVax Labs Inc., produced a robust neutralizing antibody...