Lucas Jackson / Reuters Bank of America on Friday said it would provide details of the inflow of funds into and out of the key-market sector, Bank of America said on Friday. Bank of America said U.S. stocks faced their third-largest fund inflow, with investors pulling .8 25.8 billion from …
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Getty Images / Cliff Hawkins Shares of Penn National Gaming are poised to benefit from “Port’s Momentum Trade” as the sportfit-betting pride expands into the fall football season, Stiffle said Wednesday. With the recent launch of the Barstall Sportsbook app, other sports betting ‘announcements’ have also been made, so the …
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Snowflake, backed by billionaire investors, said it would raise $ 3.4 billion in the largest software IPO ever, valued at $ 33 billion. The cloud-data platform will sell 28 million shares of one million 120 million pieces. Snowflake plans to list on the New York Stock Exchange under the ticker …
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Reuters Gilead said on Sunday it had agreed to acquire the cancer-drug company Immunomidics for 21 billion. Immunomedic shares rose 106% on Monday following the news. Immunomidics, used to treat various forms of breast cancer, sells Drodelvi and is being evaluated for other possible signs of cancer. Trodelvie was approved …
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Bill Pugliano / Getty The 5 70,570 million bet on Berkshire Hathaway’s Snowflake shows that CEO Werner Buffett has full confidence in his two portfolio managers, Todd Kombs and Ted Wessler, a fund manager says. “Buffett has given his lieutenants full agency,” Jack Taylor, CEO of Farnam Street Investments and …
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