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...Fund administration company Alter Domus and IT business Presidio are among large companies that have traded between private equity groups in deals worth more than $4bn each....
...The proposed revamp to its cash cow search engine would mark the first time the company has put any of its core product behind a paywall, and shows it is still grappling with a technology that threatens...
...The move marks an increase from $3bn in deals in 2023 and a step change in ambitions for Novo Holding’s investments portfolio....
...“You would think that any PBM would want to offer all the biosimilars available; creating that true competition would move the market,” said Mark Cuban, the US billionaire whose pharmaceutical discounter...
...That triggered the holding company’s default. The more than £16bn worth of Thames Water bonds sitting below the holding company are part of a so-called whole business securitisation....
...Investors like to hear a bullish story from companies, too....
...And here’s Mark Zuckerberg trying to recast Meta’s business model: “I actually think we’re in a place where we’ve shown that we can build leading models and be the leading AI company in the world.”...
...The $27.2bn in flows garnered by active ETFs in March soared above previous monthly high water marks of $20.7bn, $17.6bn and $14.7bn, which were set in February, January and December, respectively....
...But investors have long memories, argues Jefferies analyst Mark Wilson....
...That marks Tesla’s first year-on-year quarterly drop since the start of 2020....
...Will Lina Khan be left holding the bag? On Monday, the US Federal Trade Commission sued to block Tapestry’s $8.5bn acquisition of rival Capri Holdings. The pair are best known for their handbag brands....
...The name change was one of several steps set out by 888 on Tuesday, including a focus on its core markets of the UK, Italy, Spain and Denmark as well as cost-saving measures....
...Jefferies has advised on many of Fertitta’s deals, while he and Handler have raised four special purpose acquisition companies together under the name Landcadia Holdings....
...By “volatility shield”, of course, they mean “infrequent updates of often-subjective loan marks”....
...Investors should take a hard look at the core retail business and reset their expectations accordingly....
...“African content will be at the core of the new company. We don’t see investing in local content as a side business, we see it as our main differentiating factor,” Saada added....
...Net profits for bank and broker Nomura surged almost 670 per cent from a year earlier in its latest quarter, as Tokyo stocks eclipsed their 1980s bubble-era high and Japanese companies raced to raise funds...
...MSCI and S&P have put companies linked to the Myanmar junta in their ESG products, as my colleague Patrick Temple-West reports this week. But active funds have questionable holdings too....
...The company reckons that AI can make tackling US tax returns — with its W-2s, 1098s and other obscurely coded documents — easier. It has rolled out an AI assistant across its core products....
...The advertisement, one in a series the car rental company has done with Brady, was part of its campaign to display its heavy investment in electric vehicles, which the company claimed would be revolutionary...
...“One of the big trends that is occurring now is taking these core model portfolios and tailoring them for clients....
...But it would also leave Macy’s exposed to rising rent payments and limit its ability to reinvest in the core retail business....
...As a result, managers considering fee reductions should target “long-term core holdings” as these are more likely to receive inflows, said Wright....
...Athleisure retailer Lululemon and sneaker maker Nike, reporting last week, both fell short of the mark....
...Developers must also pay a core technology fee of €0.50 per install after the first 1mn downloads each year for sideloaded apps....
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