Berkshire Hathaway has placed a $10 billion private investment in Alphabet, one of the largest single technology bets the conglomerate has ever made, structured as $5 billion in Class A stock at $351.81 per share and $5 billion in Class […]
Medicare will cover obesity medications for the first time in its history starting Wednesday, when the GLP-1 Bridge demonstration program goes live, giving eligible beneficiaries access to drugs like Wegovy, Zepbound and Foundayo for a flat $50 monthly copay. The
The Dow Jones Industrial Average closed above 52,000 for the first time on Monday, with the S&P 500 and Nasdaq both notching sharp gains as Alphabet made its debut as a Dow component and megacap tech rebounded from last week’s
Carlisle Companies has made more than one unsolicited approach to acquire roofing and insulation maker Owens Corning in a deal that would be worth well over $10 billion, according to a Wall Street Journal report Monday — and the target
Carlisle’s $10 Billion-Plus Approach for Owens Corning Rattles Building-Products Sector Read More »
Stockholders of QXO and TopBuild overwhelmingly approved every proposal needed to complete QXO’s acquisition of the insulation distributor, the companies confirmed Monday, with closing now expected on or about July 1. The vote was never seriously in doubt, but the
QXO Clears Final Hurdle in $17 Billion TopBuild Takeover, Closing Set for July 1 Read More »
The Federal Reserve held rates steady but signaled a possible hike, prompting the Dow Jones to fall 500 points and marking the worst market reaction to a new Fed chair’s debut in over three decades.
Warsh’s Hawkish Debut Triggers Worst Fed Day Since 1994 for New Chair Read More »
In his first FOMC meeting, Fed Chair Kevin Warsh held rates steady but delivered a sharp hawkish surprise, stripping the easing bias from the statement and signaling that nearly half of officials now project a rate hike in 2026.
Fed Chair Warsh Holds Rates Steady, Signals Potential 2026 Hike Read More »
Apple unveiled its long-promised AI-powered Siri at WWDC this week — with a concession baked into the announcement that has reset the AI competitive map: the new assistant runs on Apple Foundation Models built in collaboration with Google’s Gemini family.
Apple Turns to Google Gemini to Power Long-Delayed Siri Reset Read More »
Clarivate has appointed former CPA Global chief executive Simon Webster as President of its Intellectual Property segment, effective June 10, with outgoing segment head Maroun Mourad departing as the London-listed analytics group accelerates a long-flagged reset of its IP business.
Clarivate Names Simon Webster to Lead IP Segment Reset Read More »
US ingredients group Ingredion has agreed to acquire UK-listed Tate & Lyle for approximately $3.6 billion, creating one of the largest pure-play specialty-ingredients businesses in the world and pulling a meaningful UK-listed name into a consolidating global sector. The transaction,
Ingredion to Acquire Tate & Lyle in $3.6 Billion Transatlantic Combination Read More »
