Industry

The future of Paramount Global remains uncertain as a special committee has announced an extension of the “go shop” period in light of a competing offer from Edgar Bronfman Jr. Initially, Bronfman offered $4.3 billion for Shari Redstone’s National Amusements, the controlling shareholder of Paramount. However, this bid was quickly increased to $6 billion, overshadowing
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The analysis provided by Wells Fargo regarding Eli Lilly as a top pick within its biotechnology coverage universe may not fully take into account the potential risks associated with the pharmaceutical industry. While the firm sees improved supply and tailwinds from key drug trials as growth drivers, the speculative nature of drug development and regulatory
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In a recent development in the fintech industry, ChainwirePEXX, a startup specializing in stablecoin cross-border payments, has acquired the Singapore-based blockchain media platform, Chain Debrief. This acquisition comes after a successful fundraising round led by TNB Aura and ANTLER, where PEXX raised $4.5 million. The move aims to expand PEXX’s reach and deepen its engagement
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In a rapidly growing cryptocurrency industry, WOMIO has emerged with a vision to revolutionize the world of memecoins. With a strong focus on enhancing memecoin utility, WOMIO aims to simplify multichain memecoin launches while introducing new use cases that will propel the industry forward. By hosting a token presale on August 21, WOMIO is providing
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Starbucks, the struggling coffee giant, has been facing operational issues that have been affecting its sales in recent quarters. One of the main culprits for its decline in same-store sales is the increasing reliance on mobile orders. These orders account for approximately one-third of Starbucks’ total sales, presenting additional challenges for baristas due to their
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The upcoming presidential election has become a major point of discussion within the crypto sector, with investors closely monitoring the potential implications of each candidate’s victory. Analysts from TD Cowen have highlighted the contrasting views on crypto between Kamala Harris, Donald Trump, and Joe Biden, sparking debate about the industry‘s future under different leadership. While
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