© Reuters. FILE PHOTO: A sign stands outside a Abbvie facility in Cambridge, Massachusetts, U.S., May 20, 2021. REUTERS/Brian Snyder/File Photo (Reuters) – AbbVie (NYSE:) said on Wednesday it would buy Cerevel Therapeutics, a developer of drugs for neurological conditions, for about $8.7 billion in a bid to replace revenue as its arthritis drug Humira...
© Reuters. FILE PHOTO: Test tubes are seen in front of a displayed Abbvie logo in this illustration taken, May 21, 2021. REUTERS/Dado Ruvic/Illustration/File Photo By David Carnevali NEW YORK (Reuters) -AbbVie Inc is nearing an approximately $8 billion deal to acquire Cerevel Therapeutics Holdings Inc, a developer of drugs for neurological conditions such as...
© Reuters. By Doyinsola Oladipo NEW YORK (Reuters) – The New Terminal One at New York’s John F. Kennedy International Airport said on Wednesday that it has issued $2 billion in bonds to begin refinancing $6.5 billion in bank loans raised last year during an extraordinary period of municipal bond market volatility. JFK’s New Terminal...
Elon Musk is looking to raise one forty-fourth of a Twitter for his AI company, xAI. In other words, the man behind Tesla, SpaceX and X is seeking $1 billion in funding for his next venture. According to an SEC filing, Musk has raised about $135 million so far from four unnamed investors, with the...
© Reuters. FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June (Reuters) -Elon Musk’s artificial intelligence startup xAI has filed with the U.S. securities...
Illustration by Kristen Radtke / The Verge; Getty Images xAI — the AI company founded by Elon Musk — seeks to raise up to $1 billion in equity investments, according to a filing with the Securities and Exchange Commission (as spotted by CoinDesk). The company has raised $134.7 million so far. Founded in April, xAI...
© Reuters. Bitcoin (BTC), XRP and Other Inflows Soar to $1.84 Billion in Biggest Bull Run Since 2021 U.Today – In a major bullish stride reminiscent of the 2021 crypto boom, the latest data from reveals that digital asset investment products experienced an impressive surge, with inflows reaching a staggering $176 million last week. This...
© Reuters. Shares of GAIL (India) Ltd. soared over 5% today, reaching their highest point since the company’s initial public offering on July 2, 1997. The significant uptick in stock value corresponds with the company’s recent announcement of a lawsuit against SEFE Marketing & Trading Singapore Pte. GAIL is seeking $1.8 billion in damages due...
© Reuters. FILE PHOTO: The logo of Swiss drugmaker Roche is seen at its headquarters in Basel, Switzerland January 30, 2020. REUTERS/Arnd Wiegmann/File Photo ZURICH (Reuters) -Pharmaceutical giant Roche said on Monday it has entered into a definitive agreement to acquire Carmot Therapeutics, a U.S. company with a research focus on obesity, for $2.7 billion....
Reuters exclusively reported that Toyota Motor (7203.T) and two affiliates plan to sell about 10% of components maker Denso (6902.T) by year-end, a stake likely worth about $4.7 billion, sources familiar with the matter said. The sale of shares in Denso would mark the latest step by the world’s top selling automaker to cash in...