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Thursday, September 29, 2022

Trump-linked SPAC Truth Social soars over 400% on opening day

Wednesday night, former President Donald Trump announced his new social media network.  Trump says Truth Social will “stand up to the tyranny of Big...

BREAKING: Visa, Plaid abandon $5.3B merger deal after DOJ antitrust lawsuit

Visa Inc. (NYSE: V) and Plaid mutually decided to abandon their $5.3 billion merger agreement after the U.S. Department of Justice (DOJ) filed a...
Chamath Palihapitiya

Billionaire Chamath Palihapitiya invests big in climate change

Billionaire investor Chamath Palihapitiya announced on Tuesday that he just made his “biggest investment in climate change.” In a tweet, Palihapitiya mentioned that he led...

Alden Global seeks to purchase Tribune Publishing, signaling massive job cuts

Alden Global Capital LLC, a hedge fund based in Manhattan, NY,  is seeking to purchase Tribune Publishing, the parent company of New York Daily...
Verizon Media partners BuzzFeed

Verizon Media inks strategic partnership with BuzzFeed

Verizon Media entered into a new “new strategic partnership" with BuzzFeed, which is acquiring HuffPost, a popular brand with significant scale and audience.  As part of...

LVMH enters into final talks with Tiffany & Co. over acquisition

A decade long rivalry is set to end as LVMH Moët Hennessy Louis Vuitton SE has entered into preliminary talks with Tiffany & Co. to...

ConocoPhillips to purchase shale rival Concho for $9.7 billion; shares down

ConocoPhillips (NYSE: COP) announced its plans to acquire its major shale rival Concho Resources (NYSE: CXO) for $9.7 billion in an all-stock transaction. The stock price...

Clover Health attracts Chamath Palihapitiya with AI, inks $3.7 billion SPAC deal

Chamath Palihapitiya, the Canadian-American billionaire venture capitalist disclosed his newest target, Clover Health Investments, a Medicare Advantage insurance provider backed by Alphabet (GOOGL: NASDAQ).  On...

Chevron-Noble deal finalized with 90 percent shareholder approval

After months of prolonged talks, Noble Energy's shareholders voted with a sweeping majority of 90% to approve Chevron's $4.1 billion all-stock transaction to take...

Bristol Myers Squibb to Acquire MyoKardia for $13.1 Billion

Bristol Myers Squibb (NYSE: BMY) announced that it will buy MyoKardia Inc. (NASDAQ: MYOK) for $13.1 billion or $225 per share in cash. The...

Must Read

Space Geeks: NASA’s DART spacecraft has cosmic collision

NASA crashed its Double Asteroid Redirection Test aka DART spacecraft into an asteroid 6.8 million miles from Earth.  And Monday’s test was by all...