ADVFN US – Market Content Editor
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American Express Shares Edge Higher on Planned $700 Million TheFork Acquisition (AXP)
American Express Co. (NYSE:AXP) shares rose 1.3% in premarket trading on Monday after the company announced an agreement to acquire TheFork from Tripadvisor Inc. (NASDAQ:TRIP) in a transaction valued at $700 million. The proposed acquisition is designed to strengthen American Express’ dining ecosystem and expand its footprint across key European markets. Deal Expands Restaurant Booking…
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Pattern Group Shares Fall After Launch of Secondary Stock Offering (PTRN)
Pattern Group Inc. (NASDAQ:PTRN) shares dropped 7% on Monday after the ecommerce technology company announced a proposed secondary offering involving 8 million shares of its Series A common stock. The transaction is being conducted by an existing shareholder and will not result in any proceeds being received by the company. Existing Investor to Sell Stake…
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Nvidia Targets $20 Billion-Plus Bond Offering in Return to Debt Markets (NVDA)
Nvidia Corp. (NASDAQ:NVDA) is set to return to the investment-grade bond market for the first time in roughly five years, with plans to raise at least $20 billion through a multi-tranche debt issuance, according to a report from Bloomberg News. The proposed offering would mark one of the company’s largest financing transactions as demand for…
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Fiserv Shares Slide as CEO Mike Lyons Departs for Truist Leadership Role (FISV)
Fiserv Inc. (NASDAQ:FISV) shares fell 7% on Monday after the company announced that Chief Executive Officer Mike Lyons will leave the payments and financial technology group to take up the role of CEO at Truist Financial Corporation. The leadership change comes as Fiserv moves to ensure continuity with the immediate appointment of Takis Georgakopoulos as…
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Tripadvisor Shares Surge After $700 Million Sale of TheFork to American Express (TRIP)
Tripadvisor Inc. (NASDAQ:TRIP) shares climbed 14% after the company revealed an agreement to divest TheFork, its European restaurant booking and management platform, to American Express (NYSE:AXP) in an all-cash transaction valued at $700 million. The deal marks a significant step in Tripadvisor’s strategy to concentrate resources on expanding its Experiences business, following the company’s announcement…
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Neumora Ends Depression Drug Programme and Announces Workforce Reduction (NMRA)
Neumora Therapeutics (NASDAQ:NMRA) said on Monday that it will halt development of its experimental depression treatment navacaprant after two Phase III clinical studies failed to meet their primary efficacy goals. The drug candidate had been under evaluation as a potential treatment for patients suffering from major depressive disorder. Late-Stage Trial Setbacks Prompt Strategic Review The…
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Payoneer Shares Climb After Nuvei Agrees $2.75 Billion Takeover (PAYO)
Payoneer Global Inc. (NASDAQ:PAYO) shares advanced 3.4% in premarket trading on Monday after Nuvei revealed plans to acquire the payments platform in an all-cash transaction valued at approximately $2.75 billion. Under the agreement, Nuvei will purchase all outstanding Payoneer shares for $7.40 per share in cash. The transaction has received unanimous approval from the boards…
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U.S.-Iran Agreement Set to Lift Wall Street at the Open: Dow Jones, S&P, Nasdaq, Futures
U.S. stock futures pointed to a strong start for trading on Monday, with investors expected to build on the gains recorded during the previous two sessions following news that Washington and Tehran have agreed to end a conflict that has lasted for more than three months. The positive sentiment comes as markets assess the potential…
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Travel Sector Rallies as Iran Agreement Sends Oil Prices Lower
Airline and cruise company shares posted strong gains on Monday after the United States and Iran announced a preliminary agreement aimed at ending the conflict between the two nations and reopening the Strait of Hormuz. Investors welcomed the development, viewing it as a potential catalyst for lower energy costs and improved profitability across the travel…
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Advancing a flagship project in Ireland with recent drilling returning multi-mineral intercepts
What if one of the most exciting silver discoveries in Europe isn’t a traditional silver jurisdiction at all? Hello, I’m Ricki Lee and this is The Capital Compass. Today we’re checking back in with Group Eleven Resources (TSXV:ZNG) (USOTC:GRLVF), a company advancing its flagship project in Ireland where recent drilling continues to return, impressive intercepts…