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Rigel Pharmaceuticals, Inc. and Eli Lilly and Company have announced a strategic partnership to co-develop and commercialize Rigel's R552, a RIPK1 inhibitor, for the treatment of non-central nervous system (non-CNS) diseases. The license and collaboration agreement also aims to develop additional RIPK1 inhibitors for CNS diseases. Under the
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Walmart Inc. has disclosed that it has sold its retail business in the United Kingdom, Asda Group Limited, for an undisclosed price. The company recorded a non-cash loss of approximately $5.7 billion after taxes in the fourth quarter of its fiscal year ended January 31, 2021. This loss includes
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Flutter Entertainment's US expansion is turning the company into a billion-dollar online gaming giant, with a 46% share of online sports betting and a 22% share of online gaming. The company's acquisition of FanDuel and Fox Bet has brought it a significant presence in the US
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As the mid-week market update unfolds, investors will be focusing on key trading updates and interim reports from prominent companies in the UK. The spotlight falls on Flutter Entertainment PLC, Paddy Power's parent company, and Wetherspoon's publican, JD Wetherspoon PLC, both of which are expected to
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The COVID-19 pandemic has thrown the world into chaos, disrupting businesses and industries in unprecedented ways. Optical retailers, like America's Best Contacts and Eyeglasses, have been no exception, forced to adapt to a rapidly changing environment. In this analysis, we delve into the financials and strategies employed by
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PNM Resources, a New Mexico corporation, has entered into an Agreement and Plan of Merger with AVANGRID, a New York corporation, and NM Green Holdings, Inc., a New Mexico corporation and a wholly-owned subsidiary of AVANGRID. The merger, subject to customary closing conditions and approvals, will result in PNM Resources
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The Marvell Technology Group Ltd.'s annual general meeting of shareholders, held on July 23, 2020, has resulted in significant outcomes for the company. In a filing with the Securities and Exchange Commission, Marvell Technology Group Ltd. reported the election of nominees to the Board, the non-approval of the
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ExxonMobil Corporation, a major international energy company, has received notice of an unsolicited mini-tender offer by Ponos Industries LLC to purchase up to 1 million shares of ExxonMobil common stock. The offer price of $48 per share is below the current market value, and the offer is subject to numerous
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DISH Network Corporation and T-Mobile US, Inc. have entered into the First Amendment to the Asset Purchase Agreement, amending the original agreement to close the transaction on July 1, 2020. The amendment extends the termination date of the Asset Purchase Agreement to July 1, 2020, subject to the terms and
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T-Mobile, Sprint, and DISH Network Corporation have agreed to amend the Asset Purchase Agreement, signed on July 26, 2019, to proceed with the acquisition of Sprint's prepaid wireless business. The DOJ has consented to the closing of the Prepaid Business Sale on July 1, 2020, subject to the
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Simon Property Group, Inc. ("Simon") has terminated its February 9, 2020 merger agreement with Taubman Centers, Inc. ("Taubman") due to the occurrence of a material adverse effect in respect of Taubman and breaches of multiple provisions of the merger agreement. The termination is based on two
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Taubman Centers, Inc. (NYSE: TCO) has confirmed receipt of a notice from Simon Property Group, Inc. (NYSE: SPG) purporting to terminate the previously announced Agreement and Plan of Merger. However, Taubman believes that Simon's action is invalid and without merit, and that Simon continues to be bound to
