SoftBank Shares Hit Over Two-Month High on T-Mobile Stock Gains
SoftBank Group’s shares rose on potential investment gains the conglomerate could record as it receives additional shares of T-Mobile US.
NIO Shares Jump on Launch of New Flagship EV
NIO’s Hong Kong-listed shares rose sharply after the Chinese electric-vehicle maker launched a new model amid stiffening competition in its home market.
Boart Longyear Agrees to Takeover by American Industrial Partners
Drilling services company Boart Longyear has agreed to a takeover by American Industrial Partners Capital Fund VIII in a deal that values its stock at around US$371 million.
Apple Appeals U.S. Ban That Halted Watch Sales
A federal trade agency’s ruling forced the iPhone maker to stop selling its two most popular watch models.
Online Retailer Zulily Liquidating in California State Proceedings
The private equity-backed seller of clothing, footwear and home goods is shutting down due to a “challenging business environment.”
SEC Penalizes Private-Equity Firm OEP $4 Million Over Deal-Info Disclosures
Employees of OEP Capital Advisors sent investors private details about potential deals and other confidential information, violating the private-equity firm’s policies, U.S. regulators said.
Bristol-Myers Squibb to Buy RayzeBio for $4.1 Billion
The deal demonstrates renewed interest in radiopharmaceutical drugs to treat cancer
Shoppers Kept Spending This Holiday Season
U.S. retail sales in stores and online rose 3.1% from Nov. 1 through Dec. 24.
AstraZeneca to Buy Gracell Biotechnologies
AstraZeneca has agreed to buy Gracell Biotechnologies for a transaction value of $1.2 billion, as part of the former’s efforts to grow its cell therapies business.
Israel Finance Minister Calls Intel’s $25 Billion Investment ‘Important and Significant’
Intel’s choice ‘to approve the unprecedented investment of $25 billion and to establish its new factory right here, in Israel, is important and significant,’ says the country’s finance minister.
Source: Dow Jones Newswires