Elon Musk Exercises More Options With the Sale of 934,091 Shares
(CNBC) Tesla CEO sold 934,091 shares of the company worth about $906.49 million, taking his total sale in December alone to more than $2.87 billion. The stock sales in December…
China’s Regulator Fines Weibo $470K Sending Stock to Below IPO Price
(Bloomberg) Shares of China’s Weibo Corp. fell 9.6% in Hong Kong on Tuesday to trade at HK$219.80, below its initial public offer price of HK$272.80 after a fine by the…
Foghorn Jumps on the News of Partnership With Lilly for Novel Oncology Medicines
(Lilly) Shares of Foghorn Therapeutics Inc. rose more than 47% on Monday on the news that Eli Lilly and Company has selected its Gene Traffic Control platform for novel oncology…
Pfizer Lines up Arena Pharmaceuticals for a $6.7 Billion Cash Deal
(Pfizer) Pfizer Inc. is expecting to acquire drugmaker Arena Pharmaceuticals in a cash deal valued at $6.7 billion. The addition of Arena expands Pfizer’s product portfolio, with the target known…
Getty Is Returning Into Public Markets With a $4.8 Billion SPAC Deal
(Bloomberg) Getty Images is merging with blank-cheque firm CC Neuberger Principal Holdings 11 to go public in a deal that values the company $4.8 billion. The deal, which includes debt,…
Broadcom Soars After Announcing $10B Share Buyback, Revenue up 15% in Q4 2021
(Broadcom) The shares of Broadcom Inc. rose more than 9% on Friday after the company announced a $10 billion common stock repurchase. The share buyback authorization will be effective until…
C3 AI Inks a $500 Million 5-Year Deal to Accelerate AI with the Department of Defense
(C3.ai) C3 AI Inc. has been awarded a $500 million 5-year deal by the US Department of Defense for the use of its Enterprise AI products. The deal allows the…
SMIC Chip Supplies From the US Faces a Snag as Officials Move to Seal Loophole
(WSJ) Chinese chipmaker SMIC could face a block for its chip materials from the US as the Defense Department advises sealing a loophole used for sourcing. The proposal by the…
CNBC to Track Stocks Popular With Millennials and Gen. Z With a New Index
(CNBC) CNBC has announced the launch of the next generation index for tracking stocks popular among young people and budding investors. The CNBC Next Generation 50 Index will be a…
Oracle Jumps After Reporting 6% Revenue Increase in the Second Quarter of 2022
(Oracle) Shares of Oracle Corporation surged more than 10% on Friday after the company announced 2022 second-quarter revenue of $10.4 billion, up 6% from the prior year. Oracle’s cloud services…
AMC CEO and CFO Send Stock Tumbling After Cutting Holdings
(SEC Filing) Meme stock AMC Entertainment Holdings extended losses in premarket after closing down almost 9% on Thursday after top chiefs sold more stock. AMC CEO Adam Aron sold 312,500…
Tesla’s Elon Musk Teases Fans With a Suggestion He May Quit All His Jobs
(Twitter) Tesla and SpaceX CEO Elon Musk has hinted at leaving his jobs and becoming a full-time influencer. Musk says he longs for a bit of free time instead of…
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