Day: September 19, 2022
McKesson Corp. MCK, -1.08% said Monday it has reached an agreement to acquire Rx Savings Solutions for up to $875 million. Rx Savings Solutions is a prescription price transparency and benefit information company that serves about 17 million patients. The deal includes a $600 million upfront payment and up to $275 million in payments based […]
Shares of Virios Therapeutics Inc. VIRI, -71.04% tumbled 64.3% in premarket trading on Monday after the company said its experimental fibromyalgia treatment did not meet the primary endpoint in a Phase 2b clinical trial. “Overall, the efficacy data from this trial were not what we had expected,” R. Michael Gendreau, Virios’ chief medical officer, said […]
Retail software and technology company Swiftly Systems Inc. is drawing a valuation of up to $1.2 billion in its latest round of capital, The Wall Street Journal reported Monday. Citing people familiar with the company, the WSJ said Swiftly Systems, which helps stores boost their mobile and online presence, drew in $100 million in fresh […]
The weekly balance sheet data from the Fed showed an increase of 10.4 billion – a very unexpected change as the central bank should, on the contrary, have accelerated the balance sheet reduction since the beginning of September. However, so far, the Fed has broadly stuck to its plan. The official release on May 4 […]
• Dow Jones under bearish pressure • Likely to fall to support level 30000.00 Dow Jones index under the bearish pressure after it broke above the support level 31000.00 (which stopped the earlier minor impulse wave 1 at the start of September). The breakout of the support level 31000.00 accelerated the active short-term impulse wave […]
Big gaming firms are working to spur mainstream blockchain gaming adoption, and don’t want to “change that policy” even if it causes pushback from some. 2569 Total views 74 Total shares Japanese gaming giants are positioning for mainstream blockchain game adoption and will not be swayed by the section of gamers that are against crypto […]
Shares of Purple Innovation Inc. PRPL, -3.13% rocketed 32.6% in premarket trading Monday, after the mattress and bedding seller confirmed that it received an “unsolicited” buyout bid from hedge fund manager Coliseum Capital Management LLC. The company said Coliseum Capital was bidding $4.35 a share for the company, which represents a 55.9% premium to Friday’s […]
Hersha Hospitality Trust HT, -0.51% said Monday it is reinstating its dividend, 2 1/2 years after revoking its dividend as a result of the COVID-19 pandemic. The owner of luxury hotels said it will pay a quarterly dividend of 5 cents a share on Oct. 17 to shareholders of record on Sept. 30. “As we […]
Experts reacted with dismay early Monday to President Joe Biden’s statement on “60 Minutes” that the pandemic is over, with many noting that more than 400 people living in the U.S. are dying from the virus every day. That means the country is seeing 9/11-level casualties every week. His comment comes just days after the […]
Theravance Biopharma Inc. TBPH, +0.20% said Monday its board has authorized a $250 million capital return program, that includes buying back its own stock from GSK Plc GSK, -0.61%. The company will purchase GSK’s entire holdings of about 9.6 million shares at $9.75 a share with the closing expected Tuesday. The company also plans to […]
