Acquisition of special purpose, as company “blank check”, Hennessy Capital Acquisition Corp. HCAC, -80% has jumped on the bandwagon of electric cars as it announced a reverse merger with EV maker Canoo Holdings Ltd. The deal will provide $ 600 million in gross revenue to Canoo, which will be used …
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Shares of Gilead Sciences Inc. VALID, -0.09% won 0.3% in premarket trading on Tuesday after the drugmaker announced a deal worth more than $ 6 billion with Tango Therapeutics on Monday night. The collaboration, which began in 2018, has been expanded to allow access rights for Gilead on 15 programs …
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Text size Carl Hof / Getty Images SoftBank Group made big bets on Amazon. com, Alphabet, Adobe, and other technology stocks in the June quarter as part of their program to temporarily stash proceeds from recent asset sales. As of June 30, SoftBank had a $ 1 billion stake in …
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Text size Sanofi is limiting its focus on drug development, stopping its diabetes and cardiovascular research. Joel Saget / AFP via Getty Images French pharmaceutical giant Sanofi is digging into the cash it raised earlier this year with the sale of its $ 11.7 billion stake in Regeneron Pharmaceuticals, the …
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Shares of General Motors Co. GM, + 9.44% rose 3.1% in Monday morning trading and set them on course for a 2-month closing high after Deutsche Bank analyst Emmanuel Rosner put the motorist on the firm ‘Catalyst Call Buy List’, calling it a potential for a spinoff of electric cars. …
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