Tag: deal

Business Insider Parent Nears Deal to Buy Controlling Stake in Morning Brew

Business Insider parent Insider Inc. is nearing a deal to acquire a controlling stake in Morning Brew, a news startup known for a popular email newsletter on business and finance, according to people familiar with the situation.

The terms the companies are discussing would value Morning Brew at over $75 million, including certain performance incentives, the people said. The companies haven’t completed a deal, and the talks could still fall apart.

The sale of Morning Brew is a bright spot in a digital-media sector that has faced a number of challenges. The online-ad market was already under pressure before the coronavirus pandemic exacerbated the situation.

Newsletters, including those operated by companies like Morning Brew, theSkimm and traditional media outlets, are viewed as attractive, partly because they can help companies expand the reach of their content and recruit new subscribers. Newsletters often command higher advertising rates than traditional display ads in

Read More

Cheap Gaming Laptop Deal: Save $400 on Asus ROG Strix G 15.6

Major retailers aren’t about to hand over all the shopping traffic to Amazon, just because it’s Prime Day. For instance, Newegg is embarking on the second round of its Fantastech Sale (between us though, this is pretty much a Prime Day deal, just by another name). Which is great news if you’re a gamer. Right now, you can get a whopping $400 discount on an Asus ROG Strix G 15.6 gaming Laptop. It’s only $900, down from its original price of $1,300. Game on!

What’s on offer is a powerful, versatile, upgradeable gaming laptop. ROG, one of the dominant names in the es-ports business, introduced the Strix to help gamers dominate in their field. This is a reliably kickass machine for every kind of gamer. And it looks great too.

ASUS really kicked up the design of this laptop. There aren’t many sleeker gaming laptops out there, but their efforts

Read More

Senate GOP to Vote on More Small-Business Relief Next Week Despite No Stimulus Deal

As Congress and the White House continue their stalemate over another pandemic stimulus package, Senate Majority Leader Mitch McConnell plans to hold a vote next week on a “targeted relief” measure that focuses on replenishing the Paycheck Protection Program (PPP) for small businesses.



a person holding a bicycle: Senate Majority Leader Mitch McConnell (R-KY) walks through the Senate subway after a vote on the Senate floor at the Capitol in Washington on October 1 in Washington, DC.


© Photo by Tasos Katopodis/Getty
Senate Majority Leader Mitch McConnell (R-KY) walks through the Senate subway after a vote on the Senate floor at the Capitol in Washington on October 1 in Washington, DC.

The move will come just days before the Nov. 3 election and amid a fierce political debate over confirming Supreme Court nominee Amy Coney Barrett.

While Democrats will almost certainly block the legislation from advancing to a final vote by filibustering it—as they did with a previous piecemeal bill by Republicans—it will offer vulnerable GOP senators last-minute political ammunition as voters prepare to cast their ballots.

“Unless Democrats block this aid for workers,

Read More

Bristol Myers Expands Heart Drug Business With $13 Billion Deal for MyoKardia | Investing News

(Reuters) – Bristol Myers Squibb Co

said on Monday it would buy MyoKardia Inc

for about $13 billion to bolster its portfolio of heart disease treatments, ahead of the potential loss of sales exclusivity of some of its blockbuster drugs.

The deal comes close on the heels of Bristol Myers’ $74 billion acquisition of Celgene last year, which was aimed at creating an oncology giant and shielding itself from fierce competition for its cancer immunotherapy, Opdivo, from Merck & Co’s

Keytruda.

Shares of MyoKardia, which have nearly doubled in value this year, surged another 57.8% to $220.31, just shy of the offer of $225 per share.

The deal will also help Bristol Myers reduce some of its dependence on cancer drugs and give it access to Myokardia’s lead heart drug candidate with blockbuster potential, mavacamten, adding to its existing portfolio of heart drugs that includes blood thinner Eliquis.

Eliquis, which

Read More

Yorkshire family farms ‘could go to the wall if US trade deal floods market with cheap imports’

The Government has been warned that smaller family farms in Yorkshire could go out of business unless measures are taken to protect the region from cheap imports flooding the market when a post-Brexit trade deal is signed with the US.

Saturday, 3rd October 2020, 5:45 am

Conservative MPs in Yorkshire are being urged to vote for the Government’s new Trade and Agriculture Commission to be given extra powers when legislation setting out the future of British farming returns to the Commons on October 12.

In a defeat for the Government, the House of Lords last month voted for an amendment to the Agriculture Bill requiring the commission to provide Parliament with independent advice about the impact every trade deal will have on our food and farming standards.

Sign up to our daily newsletter

The i newsletter cut through the noise

Read More

Read More

Labour tells Rishi Sunak to

Read More

The Class of Covid Is Getting a Truly Terrible Deal

(Bloomberg Opinion) — At a press conference Wednesday, U.K. Chief Scientific Advisor Patrick Vallance showed a slide that perfectly illustrated the crisis facing universities. Take a look:

Clearly, restrictions are no match for 19-year-old hormones. The Covid problems started almost as soon as universities welcomed kids back. Infection rates ticked up in both the U.K. and U.S., and one campus after another had to shut down in-person learning, often leaving students imprisoned in residence halls.

Whether or not those measures prove effective, universities are not going to come out of this crisis unscathed. The pandemic hasn’t only forced them to find ways to continue education while suppressing virus transmission, it has raised more existential questions: Is our centuries-old model of higher education suited to the needs of today’s young people? Does it still deliver value for students and taxpayers?

These questions have been around for a while, but they now

Read More

Coronavirus: University Students Are Getting a Truly Terrible Deal

What new beginning?

Photographer: Jacob King/PA Images/PA Images

At a press conference Wednesday, U.K. Chief Scientific Advisor Patrick Vallance showed a slide that perfectly illustrated the crisis facing universities. Take a look:

Who’s Not Social Distancing

Covid-19 positive tests by age group

Source: Public Health England

Clearly, restrictions are no match for 19-year-old hormones. The Covid problems started almost as soon as universities welcomed kids back. Infection rates ticked up in both the U.K. and U.S., and one campus after another had to shut down in-person learning, often leaving students imprisoned in residence halls.

Whether or not those measures prove effective, universities are not going to come out of this crisis unscathed. The pandemic hasn’t only forced them to find ways to continue education while suppressing virus transmission, it has raised more existential questions: Is our centuries-old model of higher education suited to the needs of today’s young

Read More

U.S. House passes Democratic COVID-19 aid plan after bipartisan deal proves elusive

WASHINGTON (Reuters) – The U.S. House of Representatives on Thursday approved a $2.2 trillion Democratic plan to provide more economic relief from the coronavirus pandemic, as a bipartisan deal continued to elude House Speaker Nancy Pelosi and the White House.

Objections from top Republicans are likely to doom the House Democrats’ plan in the Senate. Senate Majority Leader Mitch McConnell has called the $2.2 trillion price tag “outlandish,” although Democrats have reduced the cost of their proposal by over a trillion dollars since May. The House vote was 214-207.

No Republican voted for the Democratic plan, although 18 Democrats voted no, many of them moderates from swing districts who have been urging Pelosi to bring a bipartisan proposal to the House floor.

“Today’s package is another partisan exercise that will never become law,” Representative Abigail Spanberger, one of the Democrats who voted no, said.

Republican

Read More

Occidental Petroleum Reaches a Deal to Sell its Onshore Assets in Columbia

Occidental Petroleum (NYSE:OXY) announced today that it has agreed to sell its onshore assets in Colombia to private equity giant The Carlyle Group (NASDAQ:CG). The oil company will receive up to $825 million for the assets, with $700 million coming at closing and the remainder subject to production and commodity price targets. The company expects to close this deal during the fourth quarter.  

Occidental Petroleum is including its operations and working interest in the Llanos Norte, Middle Magdalena, and Putumayo Basins, which are part of a partnership with the country’s state oil company Ecopetrol (NYSE:EC). Occidental will retain a presence in the country by keeping its offshore exploration blocks. Those assets are also part of a strategic partnership with Ecopetrol, as is a joint venture in the Permian Basin. Occidental CEO Vicki Hollub noted that those offshore exploration blocks are “highly prospective” and “hold tremendous potential that could

Read More

Judge Slams Class Counsel In Bimbo Bread Label Deal

Law360 (September 30, 2020, 11:24 PM EDT) — A California federal judge declined to provide the full attorney fees and costs request amount in a nonmonetary deal to end a class action accusing Bimbo Bakeries USA Inc. of mislabeling its bread products, saying attorneys have benefited the most from the “underwhelming case.”

U.S. District Judge Haywood S. Gilliam on Tuesday reduced the award for the class counsel, which includes Fleischman Bonner & Rocco LLP and Barrett Law Group PA as co-lead counsel, and Pratt & Associates as local counsel, to $225,000 from the requested $325,000, for fees and costs, while declining to approve incentive awards for the two named plaintiffs….

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat

Read More