TOKYO (Reuters) – SoftBank Group Corp (9984.T) is launching a $100 million fund to invest in âcompanies led by founders and entrepreneurs of colourâ, in the latest corporate action as protests roil the United States. FILE PHOTO: The logo of SoftBank Group …
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(Reuters) – LVMH (LVMH.PA) CEO Bernard Arnault is exploring ways to reopen negotiations on the French luxury goods giant’s $16.2 billion acquisition of U.S. jewelry chain Tiffany & Co (TIF.N), as U.S. social unrest and the coronavirus pandemic weigh on …
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Shares of Warner Music Group Corp. rose more than 15% following the company’s trading debut Wednesday morning, a stock sale that marked the largest U.S. initial public offering of the year so far. After opening at $27 a share, the stock rose to $28.83 on …
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âWe think we are getting more than our fair share of pent-up demand,â CFO Mike Mathias told analysts. Management said that, as stores reopen during the coronavirus pandemic, sales are averaging an impressive metric of roughly 95% of their normal levels.
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(Reuters) – Gilead Sciences Inc’s potential COVID-19 treatment, remdesivir, could bring in more than $7 billion in annual sales by 2022, spurred by governments stockpiling the drug to guard against future outbreaks, SVB Leerink said on Wednesday.
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