Wednesday, April 14, 2021

Business

IronNet Cybersecurity and trading platform eToro lead the list of new SPAC IPOs

IronNet Cybersecurity announced on Monday that it will go public through a combination with LGL Systems Acquisition. The company leads a list of new SPAC IPO's. 

LeBron James To Launch MTN DEW RISE ENERGY Drink

Every morning is a chance to seize the day and close the gap between intention and motivation. No one embodies this mentality better than NBA icon, businessman and philanthropist LeBron James, an integral partner behind the launch of...

Popular kids game app Roblox stock starts trading

The kids gaming app, Roblox, which surged in popularity during the pandemic, started trading Wednesday at $64.50 on the New York Stock Exchange, giving the company a market cap of $35.5 billion. Roblox...

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...

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 official channel name will be unveiled along with other exciting news in the weeks before 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 at $3.3 billion. The going-private transaction values Michaels’ outstanding stock at $22 a...

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...

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....
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Disgraced Investor, Bernie Madoff Dead at 82

Bernie Madoff, the architect of one of the largest financial frauds in American history, has died at...
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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...

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...

Tech giant, LG will stop making smartphones

Electronics giant LG plans posted a statement today that it stop making smartphones after struggling for years to compete in a market...

NY is Latest State to Legalize Cannabis

Governor Andrew Cuomo took a break at the end of March from his long-running pandemic victory lap and from denying he has...