Tuesday, May 23, 2023

Economy

BioBiz: Cancer drug developer, CG Oncology snags $47M in Series D funding

Irvine, CA-based CG Oncology, Inc, closed a $47 million Series D preferred stock financing led by new investor Kissei Pharmaceutical Co., Ltd., with participation from existing investors ORI Healthcare Fund, Camford Capital and Perseverance Capital Management.

MetLife sells home and auto insurance arm to Farmers for $4B

MetLife is selling its home and auto insurance arm of its business to Farmers Group for $3.94 billion, the insurers said Friday. The new deal involves a 10-year strategic partnership with Farmers, which is...

Dow dips on rising pandemic rates

The Dow Jones and S&P 500 both dipped on Monday following a record-setting session as traders worried about rising coronavirus cases and searched for clues on additional fiscal aid. The 30-stock Dow closed 148.47 points lower,...

Bob Dylan’s catalogue of 600 songs acquired by publishing group

Universal Music Group has acquired Bob Dylan’s entire back catalogue in a deal reported to be worth hundreds of thousands of dollars. The agreement, thought to be one of the largest in recent years,...

Rubedo Life Sciences reaps $12M in Seed Financing

California-based biopharmaceutical company, Rubedo Life Sciences closed $12M Seed financing round despite rough financial climate. The round was led by Khosla Ventures, with participation from Longevity Fund, Refactor Capital, Shanda and additional investors.

SEC charges Cheesecake Factory with downplaying pandemic losses

The Securities and Exchange Commission (SEC) has settled its first action against The Cheesecake Factory (CAKE), which has more than 200 locations in the U.S. The SEC says that in filings on March...

Salesforce Signs Agreement to Acquire Slack for $27.7 Billion

Salesforce announced that it has entered into a definitive agreement under which the cloud-computing leader will acquire Slack. Under the terms of the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common...

The rise and fall of Tab – after surviving the sweetener scares, the iconic diet soda gets canned

Jeffrey Miller, Colorado State University Tab, the Coca-Cola company’s original diet soda brand, is headed to the soda graveyard, joining retired brands such as Like, Leed and Limette. Coca-Cola has announced...

Wall Street continues to rally into December

US stocks continue to climb toward new records as Wall Street looked to keep its historic November rally going into the end of 2020. On Tuesday futures contracts tied to the Dow Jones...

Asian stocks tumble due to unease with vaccine development

Asian stock markets tumbled as questions about the effectiveness of one possible coronavirus vaccine weighed on investor optimism. Stock markets in Tokyo, Hong Kong, Seoul and Sydney retreated while Shanghai gained. Investors have been...
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Latest News

Actress Katherine Heigl’s dog nutrition Brand, BADLANDS RANCH, Sells Over 1 Million Units in less than a year of launch

Badlands Ranch™, founded by actress, animal advocate, and philanthropist Katherine Heigl, has sold over 1 million bags of...
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Silicon Valley Bank shuts its doors after failing to raise capital

In stunning news of events, Silicon Valley Bank collapsed Friday morning when California regulators closed down the tech lender and put it under...

BIOBIZ: Pfizer’s migraine nasal spray gets FDA approval; Olema Oncology cuts staff by 25%; Ansa Biotechnologies creates world’s longest DNA oligonucleotide; Indaptus doses first...

Pfizer has announced the U.S. Food and Drug Administration (FDA) has approved ZAVZPRET™ (zavegepant), the first and only calcitonin gene-related peptide (CGRP)...

Americans planning frugal uses for their 2023 tax refunds

Americans likely are receiving smaller tax refunds than they have in recent years, and most people will not be going out to...

The State of Remote Work Three Years After COVID Emptied Offices

The unimaginable happened in March 2020. Many employers shuttered their offices and told their employees to work from home. Today, although office...