Toby
Eli Lilly acquires ARMO Biosciences; strengthens oncology portfolio
Indianapolis-based pharma giant Eli Lilly (LLY) said it would acquire late-stage immune-oncology company ARMO Biosciences (ARMO) for $1.6 billion, or…
Novavax tumbles as net loss widened during 1Q
Shares of the synthetic vaccine maker Novavax (NVAX) tumbled about 6% during the extended hours trading session after the company…
ZTE’s main business operations stalled following the US ban
Chinese smartphone maker ZTE that has been plugged into the biggest crisis after being slapped with a seven-year U.S. export…
Slack rules out IPO this year despite 8 million daily users
Workplace collaboration platform Slack has had a remarkable growth since its launch in 2014. Within a short span of time,…
Walmart shares plunge after announcing mammoth deal with India’s Flipkart
Supermarket veteran Walmart started its full-scale invasion into the cutthroat Indian e-commerce market, as it announced buying a majority stock…
Takeda finally acquires Shire in a $62 billion deal
Perseverance finally paid off. After four snubs, Japan’s pharma company Takeda succeeded in notching the biggest deal ever in the…
TripAdvisor shares jump on Q1 earnings report
TripAdvisor’s (TRIP) shares took off after the company posted 2% gains in its first-quarter 2018 revenue, despite seeing profits wiped…
Top analyst drops a bombshell, predicts Microsoft will buy Netflix
A media analyst with over four decades of experience just dropped a bombshell today. In an interview with CNBC, Porter…
Alibaba deepens investment in SEA by acquiring Pakistan’s e-commerce firm Daraz
Amazon’s (AMZN) top rival Alibaba (BABA) is aggressively expanding its influence in Southeast Asia. This time, the master of e-commerce…
ZTE requests US officials to lift the 7-year ban on components
China-based phone manufacturer ZTE, which was struggling to survive post the ban imposed by the US authorities, has now asked…
Elliot Management bids for Athenahealth
Hedge fund Elliot Management Corp. has made an unsolicited bid for Athenahealth Inc. (ATHN) of $160 per share, or an…
Apple is now so close to $1 trillion mark that there is no stopping it
Though Warren Buffett is one of those rare species who “is scared to use” an iPhone, his conviction in Apple…
Global coffee alliance: Nestlé joins hands with Starbucks
In a mammoth coffee mix, Swiss giant Nestlé will team up with American sweetheart Starbucks (SBUX) to sell its coffee…
Flipkart deal will pitch Walmart against Amazon in India
Walmart’s (WMT) global expansion plans just received a major boost with the board of India-based e-commerce major Flipkart agreeing to…
Fred reports fourth quarter loss of 62 cents
Drugstore retailer Fred Inc. (FRED) that was due to report the fourth quarter earnings on April 18, postponed the release…
Fujifilm merger at stake as Xerox CEO steps down
Following weeks of cold war with major shareholders Carl Icahn and Darwin Deason triggered by a deal with Japan’s Fujifilm,…