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Mergers and acquisitions

How Ozempic and Wegovy turned Novo Nordisk into a $400 billion company

by Akin Smith
How Ozempic and Wegovy turned Novo Nordisk into a 0 billion company

Danish drugmaker Novo Nordisk has entered a new chapter in its 100-year history — thanks to its newfound success with two products: Ozempic and Wegovy.  The drugs are once-weekly injectables …

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Exxon chief executive’s quest for mega deal is a bet on oil’s staying power

by Anas Siddiqui
Exxon chief executive’s quest for mega deal is a bet on oil’s staying power

Exxon Mobil boss Darren Woods is poised to emulate his two predecessors with a career-defining mega deal that — for better or worse — would likely transform the oil giant. …

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Schott Pharma shares trade around 30 euros in debut, above listing price

by Walter Watson
Schott Pharma shares trade around 30 euros in debut, above listing price

Schott Pharma debuted on the Frankfurt stock exchange on Thursday at 30 euros per share, trading well above analyst expectations. Shares of the company were up 10% in the first …

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Amazon to invest up to $4 billion in Anthropic, a rival to ChatGPT developer OpenAI

by Walter Watson
Amazon to invest up to  billion in Anthropic, a rival to ChatGPT developer OpenAI

The regulator was concerned with Amazon’s dual role as both a marketplace and a competitor to merchants selling on its platform. Nathan Stirk | Getty Images E-commerce giant Amazon on …

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ARK CEO Cathie Wood says she swerved the Arm IPO frenzy. Here’s why

by Edgar Davis
ARK CEO Cathie Wood says she swerved the Arm IPO frenzy. Here’s why

Cathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, February 27, 2023. Brendan …

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Tech trying to go public as value stock

by Edgar Davis
Tech trying to go public as value stock

When the Covid pandemic had many Americans declining to go to the grocery store in 2020, sales at online grocery startup Instacart rose 590%, and its venture capital valuation soared …

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Buy Birkenstock IPO? What footwear’s history in the stock market says

by Edgar Davis
Buy Birkenstock IPO? What footwear’s history in the stock market says

Nordstrom department store display of Birkenstock sandals at the Shops at Merrick Park, Miami. Jeff Greenberg | Universal Images Group | Getty Images Birkenstock, the iconic footwear company that dates …

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What is RISC-V and why does Arm call the rival product a risk?

by Edgar Davis
What is RISC-V and why does Arm call the rival product a risk?

With Arm slated to start trading on the Nasdaq on Thursday, investors are considering the potential upsides — and downsides — of investing in the company. The British chip designer …

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Bill Beament ridicules independent expert’s lukewarm endorsement of $150m Develop Global bid for Essential

by Anas Siddiqui
Bill Beament ridicules independent expert’s lukewarm endorsement of 0m Develop Global bid for Essential

Bill Beament has ridiculed an independent expert’s lukewarm endorsement of his Develop Global’s takeover of Essential Metals ahead of a shareholder vote next month. Hired by Essential to value Develop …

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LA County Asking For Public’s Help To Fight Street Takeovers

by Horatio Thompson
LA County Asking For Public’s Help To Fight Street Takeovers

Street takeovers have been getting worse in Southern California. If you live near a freeway or major street, at any time of the night you’re bound to hear burnouts, donuts …

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