Johnson & Johnson (J&J) has made a significant move to strengthen its heart device business with a $13.1 billion deal to acquire Shockwave Medical. This acquisition is expected to propel J&J to the forefront of the cardiovascular market, diversifying its portfolio and boosting its competitiveness.
New York Community Bancorp (NYCB) has officially closed a $1 billion capital infusion deal, solidifying its position as a key player in the banking industry.
JetBlue and Spirit Airlines have announced the termination of their $3.8 billion merger deal due to antitrust concerns raised by the Department of Justice. The two airlines had hoped to combine forces to create a stronger competitor in the increasingly competitive airline industry.
Two prominent lawyers who successfully voided Elon Musk’s controversial pay package are now seeking a $6 billion fee for their efforts. The lawyers argued that Musk’s compensation was excessive and manipulated to ensure his financial gain in a way that was not in the best interest of Tesla’s shareholders.
Capital One announced today its plans to acquire Discover Financial in a blockbuster $35.3 billion all-stock deal. The acquisition would create a powerhouse in the financial services industry, with combined assets totaling over $450 billion.
Uber, the leading global ride-hailing company, reached a new milestone as its shares soared to a record high following the announcement of its first-ever $7 billion share buyback. The news sent shockwaves through the market, solidifying Uber’s position as a key player in the tech industry. This move highlights the company’s confidence in its future growth prospects and its dedication to maximizing shareholder value.
Retail giant Walmart is currently engaged in negotiations to acquire Vizio, the popular American consumer electronics company, for a staggering sum of over $2 billion, according to a report by The Wall Street Journal (WSJ). This potential deal marks Walmart’s strategic move towards expanding its presence in the electronics industry.
Tel Aviv, Israel – Israel’s leading semiconductor manufacturer, Israel’s Tower, has reportedly proposed an investment of $8 billion to establish a state-of-the-art chip manufacturing plant in India. This move aims to strengthen the country’s position in the global chip market and capitalize on the growing demand for semiconductors worldwide.
**Advanced Micro Devices (AMD)**, the American multinational semiconductor company, announced on Tuesday that it was increasing its forecast for artificial intelligence (AI) chip sales by a staggering $1.5 billion. However, despite the significant boost, Wall Street analysts believe that it falls short of meeting their expectations.
Verizon Communications Inc., one of the leading telecommunications companies in the United States, has announced that it will be hit with an impairment charge of $5.8 billion in the fourth quarter. This significant financial blow comes as a result of the company’s reassessment of the value of its media unit, primarily comprising of Yahoo and AOL.
