Howmet Aerospace Inc. (NYSE:HWM) has reached an agreement to buy Consolidated Aerospace Manufacturing, LLC, a supplier of precision fasteners and fittings used across aerospace and defense programs. The $1.8 billion all-cash deal will transfer the business from Stanley Black &…
Just as the holidays roll around — peak season for whiskey pours and gift boxes — one of America's most iconic bourbon brands is easing off the gas. Jim Beam says it will temporarily pause production at its main Kentucky…
On Friday, the U.S. Food and Drug Administration (FDA) approved Cytokinetics Incorporated’s (NASDAQ:CYTK) Myqorzo (aficamten) for symptomatic obstructive hypertrophic cardiomyopathy (oHCM) to improve functional capacity and symptoms. Myqorzo is an allosteric and reversible inhibitor of cardiac myosin motor activity. In…
Jiuzi Holdings, Inc. (NASDAQ:JZXN) said it has signed a cooperation agreement with EXSAT.NETWORK LTD, the core ecosystem organization of the global cryptocurrency project EOS, to jointly explore and develop an institutional-grade cryptocurrency custody business with an expected scale of up…
Adeia Inc. (NASDAQ:ADEA) announced Monday that it has finalized a long-term licensing arrangement with The Walt Disney Company (NYSE:DIS), bringing an end to all pending legal disputes between the two companies. The stock soared post the announcement. The deal grants…
CACI International, Inc. (NYSE:CACI) shares are trading higher on Monday after the company disclosed an agreement to acquire ARKA Group L.P. (ARKA) from Blackstone Tactical Opportunities. The all-cash deal is valued at $2.6 billion. ARKA's space-based sensors and ground software capabilities…
The U.S. Food and Drug Administration (FDA) said the safety risks associated with Andexxa now outweigh its benefits, prompting AstraZeneca Plc (NASDAQ:AZN) to seek a voluntary withdrawal of the drug’s biologics license and plan an exit from the U.S. market.…
Unifirst Corporation (NYSE:UNF) stock rose Monday after the company received an acquisition proposal from Cintas Corporation (NASDAQ:CTAS) for $275 per share in cash. Details The offer values UniFirst at about $5.2 billion and represents a 64% premium to its 90-day…
Velo3D, Inc. (NASDAQ:VELO) stock jumped on Monday after the advanced manufacturing specialist secured a federal contract designed to break production bottlenecks in a critical weapons program. The company clinched a $32.6 million agreement with the Department of War (DoW) under…
Deals between pharmaceutical companies and the U.S. government to reduce drug prices are likely to drive higher costs for new medicines in Switzerland over time, according to Thomas Schinecker, CEO of Swiss drugmaker Roche Holding AG (OTC:RHHBY). Speaking to Swiss…