Articles

Icahn Enterprises to offer $500 million of high-yield six-year bonds

Proceeds will be used to redeem the 6.375% notes that mature in 2025

Alzheimer’s vaccine licensing deal boosts AC Immune

AC Immune shares jumped more than 50% premarket on Monday after the company announced a licensing deal with Takeda Pharmaceutical Co. for its experimental Alzheimer’s disease vaccine.

Nvidia’s stock can soar 50% more as earnings power still isn’t priced in — HSBC

Nvidia’s stock was on track to rise Monday, as HSBC analyst Frank Lee said despite its continued big rally this year, investors are still significantly underestimating the artificial intelligence plays earnings potential.

OpenAI deal would be AI ‘golden goose’ for Tim Cook and Apple, says Dan Ives

“We would expect Apple to build out a next level Siri technology with OpenAI that can do complex tasks for Apple users,” says Wedbush analyst Dan Ives.

Kenvue’s stock falls after company announces 182.3 million secondary stock offering

The company is not selling the shares and will not receive any proceeds from the sale or from a debt-for-equity exchange planned with Johnson & Johnson.

Who is Michael Cohen, the witness whose testimony could send Donald Trump to prison?

Prosecutors are counting on the jury believing Trump’s one-time fixer as he testifies about arranging alleged hush money payments to make damaging stories go away.

Squarespace’s stock soars after $6.9 billion buyout deal with Permira

Squarespace’s stock shot higher Monday after the online brand-building platform for businesses agreed to be acquired by private-equity firm Permira in a cash deal valued at $6.9 billion.

Incyte to buy back $1.67 billion of its own stock in Dutch auction tender

Stock jumps 8% premarket.

Who goes out to eat at restaurants? Increasingly, mostly wealthier people.

High-income people continue to dine in restaurants, while others are cutting back.

Oil prices edge higher to kick off the week

Oil futures edge higher Monday after ending last week on a down note.

The next 500 points for the S&P 500 are down, says Stifel. Here’s why.

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Container shipping companies have been on a tear. That won’t halt soon, say analysts

Shares of several container shipping companies have been climbing lately, as “peak season,” starts early.
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