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Activist Starboard Value has $1 billion Pfizer stake, taps former executives for help, sources say
Starboard’s stake comes amid a time of struggle at the drugmaker, which has begun to cut costs aggressively as demand for its Covid-19 medicines recedes.
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Japan’s Nikkei rises over 2% as Asia markets climb; central bank decisions in focus this week
Economists polled by Reuters expect the BOK and RBNZ to cut rates, while the RBI will hold.
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S&P 500’s $8 trillion rally will be tested by tricky earnings season
Companies in the S&P 500 are expected to report a 4.7% increase in quarterly earnings from a year ago, the weakest increase in four quarters.
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‘Joker: Folie a Deux’ snares $40 million in domestic debut, less than half of first film
“Joker: Folie a Deux” stumbled to just $40 million in domestic ticket sales during it opening weekend.
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Mining giant Rio Tinto in talks to buy U.S. lithium producer Arcadium
No financial specifics were disclosed.
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‘Next dragon’: Fund manager names an under-the-radar, ‘very cheap’ market to play right now
“It’s in a sweet spot in terms of economic growth, urbanization, labor market participation and … government policy,” says Eric Sturdza’s Shasha Li Mafli.
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Each Cava location is worth a whopping $33 million. Its CEO explains how the Chipotle competitor is achieving explosive growth
Brett Schulman says the chain’s 300% stock growth is not just due to its crazy feta.
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Frontier Airlines plane makes emergency landing after engine fire
Frontier officials said there were no reported injuries and all of the passengers plus seven crew members exited the plane using the stairs and were transported to the terminal.