winhorse SoftBank Group (OTCPK:SFTBY) acquired British artificial intelligence chip manufacturer — Graphcore as Japanese tech enthusiast Masayoshi Son accelerates into the AI space. Graphcore was established in 2016 by UK semiconductor veterans and will be included in SoftBank’s (OTCPK:SFTBY) portfolio alongside chip designer Arm. Graphcore’s acquisition will be funded byContinue Reading
PARETO Dominion Energy (NYSE:D) said Monday it agreed to acquire the Kitty Hawk North Wind offshore wind lease area from Avangrid (AGR) for ~$160M, consisting of a $117M lease acquisition payment and associated development cost reimbursement. The 40K-acre lease, which Dominion (D) will renam CVOW-South, could support 800 MW ofContinue Reading
CureVac N.V. (NASDAQ:CVAC) to cut its workforce by 30% as part of a restructuring initiative, as GSK (NYSE:GSK) acquires full rights to develop, manufacture and commercialize globally mRNA candidate vaccines for influenza and COVID-19, for €1.45 billion plus royalties. The new agreement extends CureVac’s (CVAC) cash runway into 2028, asContinue Reading
cagkansayin/iStock via Getty Images Aviat Networks (NASDAQ:AVNW) acquires 4RF Limited — provider of industrial wireless access solutions, headquartered in New-Zealand. Aviat (AVNW) expects the transaction to be immediately accretive to gross margin and to be accretive to adjusted EBITDA and non-GAAP EPS in the first year. Approximately 90% of 4RFContinue Reading
Tryaging/iStock via Getty Images Oppenheimer listed four stocks that could be great buys as industrials look tactically attractive. According to an Oppenheimer Technical Analysis note, the S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) has seen “key leadership” through the bull cycle “by stair-stepping higher on a relative basis.” Analyst AriContinue Reading
Mikhail Makarov A new congressional trading form filed by Congresswoman Marjorie Taylor Greene disclosed that she recently bought positions in a wide variety of industries, includng the technology sector. According to the form, the Congresswoman representing the 14th district in Georgia purchased stakes in Dutch semiconductor equipment giant ASML HoldingContinue Reading
cagkansayin Canada-based entertainment company Boat Rocker Media (TSX:BRMI:CA) said on Friday that it has sold its stake in the talent management company Untitled Entertainment to the alternative asset manager TPG (NASDAQ:TPG). The transaction involves cash proceeds of ~C$51.6M and equity consideration of 8.8% of the outstanding shares in the newContinue Reading
NISIT RAWO 2seventy bio (NASDAQ:TSVT) traded higher premarket Thursday after announcing the completion of an asset purchase agreement under which Novo Nordisk (NVO) (OTCPK:NONOF) has acquired its Hemophilia A program and rights to certain other assets. The staff members working in the program will also join the pharma giant asContinue Reading
Home furnishings retailer RH (NYSE:RH) said that Chairman & CEO Gary Friedman bought $10M stock at an average price per share of $216.10, representing 46,274 shares. With this purchase, Mr. Friedman beneficially owns ~5.05M shares, or 25.1% of RH stock, based on ~18.45M shares outstanding as of June 7, 2024.Continue Reading
sx70 Twenty-two stocks in the Nasdaq 100 (NASDAQ:QQQ) have hit new highs as of the middle of June. “We see their ability to reach this new price high ahead of the underlying index as an indication of relative strength,” Oppenheimer technical analyst Ari Wald said. He picked eight stocks fromContinue Reading
