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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.