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Warburg Pincus Near Over $7 Billion Deal for Specialty-Pharmacy Company
The Wall Street Journal39d agoneutral
Warburg Pincus Near Over $7 Billion Deal for Specialty-Pharmacy Company

Private-equity firm Warburg Pincus is near a deal to buy specialty-pharmacy company PantheRx Rare for over $7 billion, including debt, according to people familiar with the matter. PantheRx Rare is owned by an investor consortium that includes private-equity firm General Atlantic. A deal could come together soon, the people said, cautioning that nothing is finalized and the timing could still slip.

Elon Musk SEC settlement raises 'red flags,' judge says
TheStreet39d agoneutral
Elon Musk SEC settlement raises 'red flags,' judge says

Being the richest person in world history comes with its own headaches, and Elon Musk has a migraine-sized one when it comes to his legal battles. Tesla is being sued for autopilot crashes, for misleading statements about Robotaxi, and for alleged workplace discrimination. Musk himself was recently ...

SK hynix Surges to Open at $170, Topping SpaceX’s Debut
24/7 Wall St.39d agobullish
SK hynix Surges to Open at $170, Topping SpaceX’s Debut

A Korean memory giant just pulled off the biggest foreign U.S. listing ever and blew past the year's most hyped debut on its first morning of trading, leaving investors to decide whether the AI hardware frenzy priced into this deal can actually survive contact with reality.

Natural-Gas Prices Sink as Texas LNG Terminal Closes for Maintenance
The Wall Street Journal39d agoneutral
Natural-Gas Prices Sink as Texas LNG Terminal Closes for Maintenance

Power demand is surging to keep America's air conditioners running, but prices are falling for the fuel that helps generate much of the country's electricity. Natural-gas futures are on track to drop more than 10% this week, an unusual move during such steamy weather. The pressure on prices is coming from domestic stockpiles that have continued to swell despite the heat as well as from a maintenance shutdown at a big liquefied natural gas export terminal.

Bank of America's new META stock outlook cuts to the chase
TheStreet39d agobearish
Bank of America's new META stock outlook cuts to the chase

Meta's stock is down more than 7% year to date. The company spent much of this year defending its decision to pour hundreds of billions of dollars into AI infrastructure, and investors who followed the Q1 earnings call on April 29 watched the stock drop another 6% to 7% after the company raised its ...

Financial Services Roundup: Market Talk
The Wall Street Journal39d agoneutral
Financial Services Roundup: Market Talk

Find insight on China’s property sales growth, St. James’s Place, Sovereign Wealth and more in the latest Market Talks covering financial services.

Bloomberg39d agoneutral
US Eases Export Curbs on UAE, Opening Door for AI Chip Sales

(Bloomberg) -- The Trump administration plans to ease export restrictions on the United Arab Emirates, clearing the way for the Gulf state to buy a wide range of advanced technologies including commercial satellites and semiconductors used for artificial intelligence. Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsRyanair Passenger Partly Sucked From Jet After Window BreaksPrabowo’s Clam

Why Morgan Stanley thinks Rocket Lab is becoming 'Player 2'
TheStreet39d agoneutral
Why Morgan Stanley thinks Rocket Lab is becoming 'Player 2'

Talk around Rocket Lab this summer keeps circling back to one idea: that the company is becoming the next SpaceX. It is an easy comparison to make and a hard one to justify. SpaceX is now a nearly $2 trillion public company after its record-breaking initial public offering in June, while Rocket Lab ...

Delta Air Lines Q2 Earnings Call Highlights
MarketBeat39d agoneutral
Delta Air Lines Q2 Earnings Call Highlights

Delta Air Lines (NYSE:DAL) reported record June-quarter revenue and better-than-expected profitability, with executives telling analysts that strong demand, fare momentum and diversified revenue streams are supporting the carrier’s full-year outlook despite a sharp increase in fuel costs. Chief Exe

Bloomberg39d agoneutral
SK Hynix Open to Issuing More US Shares, SK Group Chairman Says

(Bloomberg) -- SK Hynix Inc. is open to issuing more US shares should returns prove strong and the company’s stock price remains stable, SK Group Chairman Chey Tae-won said.Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsSK Hynix Raises $26.5 Billion in Biggest Foreign Debut in USPrabowo’s Clampdown on Indonesian Tycoons Fuels Capital FlightZuckerberg Pledges ‘Aggressive’ Pricing With Met

Bloomberg39d agoneutral
Ex-Banker With ‘Boring’ AI Startup Pleads Guilty in Insider Case

(Bloomberg) -- Arya Bolurfrushan left Wall Street in 2008 to go to Harvard Business School. A decade after graduating the university, where he published a paper on private equity in the Middle East, he founded his own startup, AppliedAI, based in Abu Dhabi.Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsSK Hynix Raises $26.5 Billion in Biggest Foreign Debut in USPrabowo’s Clampdown on Ind