Eli Lilly & Co. is acquiring US biopharma company Morphic Holding Inc. for $3.2 billion to advance its experimental therapies for inflammatory bowel disease and other chronic illnesses.
Deals
Redbox DVD Rental Business Officially Shutting Down as Parent Firm Faces Bankruptcy Liquidation
Redbox's DVD rental kiosks shut down permanently after parent firm Chicken Soup for the Soul Entertainment changed its Chapter 11 bankruptcy petition to Chapter 7 liquidation.
Elon Musk Vows to Restore Disney+ in Teslas if Disney Resumes Ads on X
Elon Musk promises to reinstate Disney+ in Tesla vehicles if Disney resumes advertising on his social media platform, X.
Rare Stegosaurus 'Apex' Fossil To Be Auctioned For $4-6 Million at Sotheby’s in New York
The near-complete fossilized remains of a 161-million-year-old stegosaurus named "Apex" will be auctioned at Sotheby's annual Geek Week series. The estimated sale price is between $4 million and $6 million.
UK Unveils New Stock Market Listing Rules to Simplify, Streamline the Process
As UK IPOs declined, the Financial Conduct Authority (FCA) has proposed new regulations for stock market listings.
Latest News
Paramount Global's directors have approved a merger plan with Skydance Media, set to be finalized on Sunday and announced on Monday, July 8.
Mexican billionaire Carlos Slim’s company, Grupo Carso SAB, announced that it was investing $1.2 billion to develop a vast gas field in the Gulf of Mexico.
HBC, the parent company of Saks Fifth Avenue, has announced a $2.65 billion acquisition deal with Neiman Marcus Group.
Lufthansa has won EU antitrust approval to buy 41% of ITA Airways for around $350 million. Lufthansa has received antitrust clearance from the European Union (EU) to acquire 41% of ITA Airways for 325 million euros (about $350 million) following the sale of certain routes and slots, the company announced Wednesday, July 3.
Final Fantasy creator Hironobu Sakaguchi has reunited with Square Enix after over two decades to release an enhanced version of his latest game, Fantasian.
GSK said that it was reorganizing its cooperation with CureVac, including gaining control over various vaccines they were producing together, including COVID-19 and influenza vaccines.
The preliminary merger deal between National Amusements, Paramount Global, and Skydance Media appeared to have been reignited after abandoning it due to shareholder dispute.
The Federal Trade Commission has voted to prevent mattress maker Tempur Sealy from acquiring retail chain Mattress Firm, citing concerns that the merger would stifle competition.
Apple has secured an observer role on OpenAI’s board as part of a significant agreement, with Phil Schiller, the head of Apple’s App Store, appointed to the position.
