Volkswagen is aiming for a $70.1 billion to $75.1 billion valuation for sportscar automaker, Porsche. Volkswagen, the parent company of Porsche, had been expected to make an announcement on the price range later this month or in early October. In 2011, Volkswagen and Porsche merged, and Porsche was given a...
CVS plans to acquire Signify Health in a cash deal which will allow the pharmaceutical giant to buy the healthcare platform at $30.50 per share. The $8 billion deal will help CVS build on its aspirations to delve deeper into the healthcare industry. Signify offers virtual and in-person home...
On Friday, Berkshire Hathaway’s application with the Federal Energy Regulatory Commission was approved, allowing the Omaha, Nebraska-based holding company to buy up to half of Occidental Petroleum’s shares. Stock prices for the oil company rose 10 percent after investors learned of the news, closing at $71.29 per share. Thus...
On Tuesday, American Airlines reached a deal with the aircraft manufacturer Boom Supersonic to purchase 20 of its 65 to 80 passenger jets, marking the second U.S. airline player to invest in the ultra-fast form of travel for passengers in two years. United Airlines ordered 15 of Boom’s Overture...
According to Bloomberg, the mother company of TikTok has just entered into the healthcare space by acquiring Amcare Healthcare. Amcare operates higher-end women's and children’s clinics throughout China. ByteDance’s Xiaohe Health is purchasing the healthcare organization in a $1.5 million deal. According to Wikipedia, TikTok’s parent organization is headquartered...
Amazon has said that its plans to add custom electric delivery vans from Rivian Automotive are moving forward. Last week in a news release, the e-commerce giant said it would begin releasing the first wave of vehicles and plans to have “thousands” of the EVs delivered to at least...
On Thursday, the Nasdaq Composite index rose more than 1 percent higher amid shares of Tesla surging after a better than anticipated earnings report. The Nasdaq closed at 12,059.61 and gained 1.36 percent for the session. Meanwhile, the Dow Jones Industrial Average rose 162.06 points, or 0.51 percent higher in...
Cruise line stocks, including those for Royal Caribbean, Carnival, and Norweigan, jumped on Tuesday after the Centers for Disease Control announced that it was ending its Covid-19 cruise ship program. The CDC’s program was designed with a color-coded system highlighting vaccination and testing statistics and required passengers to get tested....
In partnership with Pilot Co., General Motors is making plans to build and install around 2,000 electric vehicle fast chargers at 500 Pilot and Flying J locales across the U.S. highways. Pilot Co. owns the Pilot and Flying J travel centers. EVgo, an EV charging network, will install, operate,...
Virgin Galactic, a spaceflight company founded by Richard Branson, announced on Wednesday that it had a deal with Aurora Flight Sciences, a Boeing subsidiary, and an aviation and aeronautics research company. Part of the deal involves the building of two more carrier aircraft. At this time, Virgin Galactic has only...
