(Reuters) -Lykos Therapeutics said on Thursday it would reduce its workforce by 75% and initiate some executive changes, days after the U.S. Food and Drug Administration declined approval for its MDMA-based treatment…
Category: Business
Lockheed to buy satellite products maker Terran in $450 million deal
(Reuters) – Lockheed Martin on Thursday agreed to acquire satellite products maker Terran Orbital in a $450 million deal, months after the defense contractor withdrew it previous bid to take it private….
Edgar Bronfman Jr. to prepare an offer for Paramount Global, Bloomberg News reports
(Reuters) -Seagram Co heir Edgar Bronfman Jr. is close to making an offer for National Amusements that would compete with an accepted bid from Skydance Media, Bloomberg News reported on Thursday, citing…
Carlyle to buy Baxter’s kidney-care spinoff Vantive for $3.8 billion
By Echo Wang NEW YORK (Reuters) – Buyout firm Carlyle Group struck a deal to acquire medical-device maker Baxter’s kidney-care unit Vantive for $3.8 billion, the companies said on Tuesday. The proceeds…
Bitcoin miner Bitfarms chair Bonta to step down
(Reuters) – Bitcoin miner Bitfarms said on Tuesday its co-founder and chair, Nicolas Bonta, will step down from the board, effective immediately. Bonta was at the center of a board battle that…
JetBlue to raise over $3 billion through debt offerings, shares fall
(Reuters) – JetBlue Airways said on Monday it plans to raise about $3.15 billion in capital through separate debt offerings, the majority backed by its loyalty program, TrueBlue, as it tries to…
Starbucks, Elliott in talks over a settlement, CNBC reports
(Reuters) -Starbucks and activist investor Elliott Management are talking about a settlement, CNBC reported on Monday, citing sources. Elliott had built a sizable position in the coffee chain and has been discussing…
OPEC cuts oil demand growth forecast, highlighting dilemma over Oct hike
By Alex Lawler LONDON (Reuters) -OPEC on Monday cut its forecast for global oil demand growth in 2024 citing softer expectations for China, a reduction that highlights the dilemma faced by the…
Stellantis to lay off up to 2,450 factory workers as classic Ram production ends
By Nora Eckert DETROIT (Reuters) -Chrysler-parent Stellantis is laying off as many as 2,450 factory workers from its Warren Truck assembly plant outside of Detroit as the automaker ends production of the…
Frontier beats quarterly profit estimates, defers jet deliveries
(Reuters) – Frontier Group, the parent of budget carrier Frontier Airlines, beat Wall Street estimates for second-quarter profit on Thursday, and said it will defer taking deliveries of 54 Airbus jets. Airlines…