Peloton’s fiscal second-quarter earnings and sales trounced analysts’ estimates, as the at-home fitness equipment maker continues to see robust demand for its products. The company raised its full-year outlook, estimating revenue will top $4 billion, up from …
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The Competition and Antitrust Law Enforcement Reform Act would shift the burden of companies proposing mega-mergers to prove their deal wouldn’t pose a risk to competition. U.S. companies have engaged in more than $10 trillion worth of mergers and …
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From Reuters: Slam Corp, a special purpose acquisition company (SPAC), said it would sell 50 million units, comprising shares and warrants, priced at $10 apiece in …
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Shares traded down after one of the asset manager’s largest shareholders announced it would be selling its stake in the firm.
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The company announced last week that its vaccine was 72% effective in a U.S. trial, though it was less effective among people in Latin America and South Africa, bringing overall effectiveness down to 66%.
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