Day: October 24, 2022
Rishi Sunak will become the next U.K. prime minister after his last competitor, Penny Mordaunt, withdrew, just minutes before a deadline to get support from 100 lawmakers. Sunak, the former chancellor of the exchequer, will become the first ethnic minority leader of the U.K. Sunak is set to speak in the next half hour.
Beyond Meat Inc. BYND, -0.48% shares rose 1.7% in premarket trades Monday after the company said it’s launching a new plant-based meat line called Beyond Steak. The plant-based seared steak tips will be sold at Kroger Co. KR, +0.50% and Walmart Inc. WMT, +1.00% stores nationwide, as well as some Albertsons Cos. Inc. ACI, +0.47% […]
Shares of Vista Outdoor Inc. VSTO, -0.62% fell 1.8% in premarket trading Monday, after the shooting sports and outdoor products company provided a downbeat profit outlook and said Chief Financial Sudhanshu Priyadarshi is leaving the company after 2 1/2-year in the role, offsetting an upbeat sales view. Separately, beverage company Keurig Dr Pepper Inc. KDP, […]
Shares of Myovant Sciences Ltd. MYOV, +8.31% were up 8.2% in premarket trading on Monday, the day after the company said it will be acquired by Sumitomo Pharma Co. Ltd. 4506, +0.20% for $2.9 billion for the remaining shares of Myovant. Sumitomo, which already owns 52% of the company, said it will pay $27.00 per […]
Flora Growth Corp. FLGC, +3.88% said Monday it would issue up between 36.62 million and 43.53 million common shares to acquire Franchise Global Health Inc. FGH, +12.50% a multi-national medical cannabis and pharmaceutical operator with principal operations in Germany. Based on Flora Growth’s share price of 53 cents on Friday, the deal is currently valued […]
TPG Inc.’s TPG, -0.07% TPG Real Estate unit said Monday it drew in $6.8 billion in investor commitments for its TPG Real Estate Partners IV LP, part of a series of opportunistic real estate vehicles at the private equity firm. Kelvin Davis and Avi Banyasz, partners and co-heads of TPG Real Estate, led the effort […]
Online searches for the term “Bitcoin dead” reached an all-time high owing to peak anxiety among investors amid ongoing selloffs at the time. 1259 Total views 59 Total shares The global crypto community has started to redirect its interest from Bitcoin (BTC) to Web3, according to Google search trends. In order to keep up with […]
Medtronic Plc MDT, +0.98% said Monday it’s planning to separate its patient monitoring and respiratory interventions businesses in a move aimed at better positioning both the NewCo and Medtronic for long-term success. The Dublin-based medical device company said the business had about $2.2 billion in revenue in fiscal 2022. It expects the separation to be […]
Schlumberger Ltd. SLB, +10.33% said Monday it has changed its name to SLB to underscore its shift from an oil services company to a business focused on decarbonized energy. The new name affirms SLB’s change “from the world’s largest oilfield services company to a global technology company focused on driving energy innovation for a balanced […]
President Joe Biden will receive his updated COVID booster shot Tuesday, and will encourage more Americans to get theirs, too. NBC News first reported the booster news, which was confirmed by a tweet from White House assistant press secretary Kevin Munoz and in an emailed statement, in which the White House said “The President will […]
