Tag: brokerswatch
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 […]
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 […]
Bitcoin fell below $19,000 on Monday morning, as risky assets sold off ahead of Wednesday’s Federal Reserve interest-rate decision. BTCUSD, -6.58% recently was down 8% to $18,501.23, while ETHUSD, -5.73% fell 11% to $1,302.48. U.S. stock futures ES00, -0.93% also were pointing to a weaker start.
Tesla Inc. TSLA, -0.13% plans to “double sales each year,” a local executive told the Automobilwoche weekly said in an interview that published Sunday, Reuters reported. The total gain would see sales climb to around 80,000 for this year, from sales of nearly 40,000 in 2021. A spokesperson from Tesla wasn’t immediately available for comment. […]
Wix.com Ltd. WIX, -3.50% shares rose in the extended session Friday following a report that activist investor Starboard Value had built a 9% stake in the company, which was later confirmed. Shares rose 5% after hours, following a 3.5% decline to finish the regular session at $73.69. At first, shares rose following a Reuters report […]
The U.S. Federal Reserve is reviewing Goldman Sachs Group Inc.’s GS, -1.63% consumer-banking business, according to a report Friday by Bloomberg. Citing people familiar with the central bank, Bloomberg reported that the central bank has been questioning Goldman management for several weeks about the business. Goldman Sachs declined to comment, the report said. Goldman Sachs […]