Heineken has secured the purchase of South African wine and spirits maker Distell Group Holdings NV for a price tag of 2.2 billion euros ($2.5 billion). According to a statement on Monday, the Dutch brewery made an offer of 180 Rand per share (approximately $11.82) which fell in line...
Facebook Inc announced on Thursday that it is currently developing a wristband that will be able to control the Augmented Reality (AR) glasses that the company is expected to launch sometime this year. According to a blog post, Facebook's wristband users will be able to interact with the virtual...
California-based EV company Lucid Motors and blank check company Churchill Capital IV (CCIV) completed a merger deal on Monday night. With the deal under wraps, the EV company is one step closer to realizing its goal of going public. Churchill Capital IV shares declined by 30% following the announcement.
As...
Netflix stock (NFLX) isn't the hottest commodity these days and it might be even less desirable after it received a downgrade from Goldman Sachs. In a recent note to clients, Goldman's analyst Eric Sheridan said that his team has various concerns related to NFLX while changing the stock's rating...
Electric vehicle maker Tesla saw its revenue cut in half in the first quarter of 2024 compared to the same period last year. But despite this, the company’s stock saw a 12% jump on Wednesday thanks to promises of an earlier production of a cheaper EV model.
It was previously...
South Korea's health ministry confirmed on Sunday that it has secured an order for 7.01 million doses of coronavirus vaccines from Moderna Inc. This is in addition to the 1.3 million Moderna doses that were delivered to South Korea earlier this month.
The 7.01 million dose top-up comes after the...
With the aviation industry in shambles following the outbreak of the coronavirus pandemic last March, engine maker Rolls-Royce plummeted to a record 4 billion-pound ($5.6 billion) loss for 2020. According to the British company's chief executive, the engine manufacturer still has enough funding to bounce back from this historic...
Britain's antiviral taskforce chair Eddie Gray hinted at Britain's interest in buying the molnupiravir, an experimental oral COVID-19 drug developed by Merck & Co Inc.
While Gray declined to comment directly on any potential talks being held between Britain and Merck & Co Inc, he did mention the following: "We...
The Abu Dhabi-based Mubadala Investment Co. is considering becoming part of an investment group with an interest in Saudi Aramco’s oil pipelines—a deal that is expected to be funded by a loan of approximately $10.5 billion. One spokesperson for Mubadala confirmed that the sovereign wealth fund is currently in...
The United States will make an unprecedented release of oil from the Strategic Petroleum Reserve in an attempt to stop the recent surging of gas prices across the nation. The move was announced by U.S. President Joe Biden on Thursday in a speech from the White House.
According to Biden,...