Latest Market News
American Oncology Network LLC said Thursday it agreed to be acquired by special purpose acquisition company Digital Transformation Opportunities Corp. DTOC, +0.20% in a deal that values the oncology practice currently comprised of 107 doctors in 18 states at $500 million. When the merger closes as expected in the first half of 2023, American Oncology […]
Eli Lilly and Co. LLY, +0.35% said Thursday that its experimental obesity drug received a Fast Track designation from the Food and Drug Administration. The drug maker also said it plans to begin a rolling submission to the FDA for tirzepatide as a treatment for adults with obesity or who have overweight with related comorbidities. […]
Walgreens Boots Alliance WBA, -2.74% said Thursday that its stores will start selling over-the-counter Lexie Lumen hearing aids to adults starting Oct. 17. The aids costs $799 and are for adults with mild-to-moderate hearing loss. Walgreen’s stock is down 36.4% this year, while the broader S&P 500 SPX, -1.02% has declined 20.4%.
DraftKings DKNG, -3.95% is close to signing an exclusive partnership with sports network ESPN, according to a report from The Action Network, sending shares 7.9% higher after hours. The terms of the deal between the sports-betting platform and sport-media giant are not yet clear. But The Action Network said that ESPN was seeking $3 billion […]
Target Corp. TGT, -0.42% is recalling about 12,800 Hearth & Hand with Magnolia tea kettles because of the risk of fire and burn hazards. “The paint can chip on the bottom of the recalled kettles, posing a fire hazard,” the company said. “In addition, the handle can break and/or the spout can leak, posing a […]
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 129 billion cubic feet for the week ended Sept. 30. That was higher than the average analyst forecast for an increase of 114 billion cubic feet, based on a survey conducted by S&P Global Commodity Insights. Total working gas stocks in […]