Month: June 2018

Mergers & Acquisitions

LyondellBasell Receives EU Antitrust Clearance for Acquisition of A. Schulman

June 27, 2018 0

LyondellBasell Receives EU Antitrust Clearance for Acquisition of A. Schulman Announces Antitrust Clearance from European Commission PR Newswire HOUSTON and LONDON, June 27, 2018 HOUSTON and LONDON , June 27, 2018 /PRNewswire/ — LyondellBasell (NYSE: LYB), one of the largest plastics, chemicals and refining companies in the world, today announced that it has received antitrust clearance from the European Commission for its pending acquisition of A. Schulman, Inc. […]

Stock Analysts

AstraZeneca/Merck’s Lynparza Betters Survival in Phase III

June 27, 2018 0

AstraZeneca AZN and Merck’s MRK cancer tablet, Lynparza demonstrated significant delay in disease progression in a late-stage study evaluating it for the first-line treatment of advanced ovarian cancer. The phase III SOLO-1 study (n=391) met the primary endpoint demonstrating that first-line treatment with Lynparza maintenance therapy led to a statistically-significant and clinically-meaningful improvement in progression-free survival (PFS) compared to placebo in women with BRCA-mutated (BRCAm) advanced ovarian cancer. […]

Stock Analysts

Align Scripts New Success in EMEA, Lifts Global Progress

June 27, 2018 0

Align Technology, Inc ’s ALGN strategy of international expansion gets a solid impetus with the company achieving a new landmark in Invisalign adoption. The company announced that it has completed the shipment of one million cases in the Europe, Middle East and Africa (EMEA) region. Per Align, this is a significant milestone for the company reflecting accelerated adoption of Invisalign clear aligner therapy. […]

Stock Analysts

Synopsys to Power Arbe’s Autonomous Vehicle Imaging Radar

June 27, 2018 0

Synopsys, Inc. SNPS recently announced that a host of its solutions has been selected by Arbe Robotics for its patented imaging radar meant for advanced driver assistance systems (ADAS) and autonomous vehicles. Arbe Robotics’ imaging radar has a high resolution and offers a “wide 100-degree field of view” even in difficult conditions such as heavy rains, fog or extreme darkness. […]

Stock Analysts

Agios Out-Licenses China Rights to Leukemia Drug Tibsovo

June 27, 2018 0

Agios Pharmaceuticals, Inc AGIO has entered into an exclusive collaboration and license agreement with China’s CStone Pharmaceuticals to develop and commercialize its pipeline candidate, Tibsovo (ivosidenib; AG-120), in Mainland China, Hong Kong, Macau and the Taiwan territory for leukemia indications. Per the terms of the agreement, Agios will receive an upfront payment of $12 million and be eligible to receive up to $412 million as regulatory/sales-based milestone payments. Agios will retain all the rights to Tibsovo (ivosidenib) in the rest of the world. […]

Stock Analysts

KBR Secures DuPont Safety & Construction Project Contract

June 27, 2018 0

KBR, Inc. KBR secured a contract from DuPont Safety & Construction — a business unit of DowDuPont Specialty Products Division — to expand capacity for the manufacture of Tyvek nonwoven materials. DuPont Safety & Construction plans to invest more than $400 million to expand capacity for the production of Tyvek nonwoven materials at its facility in Luxembourg. […]

Mergers & Acquisitions

The Latino Coalition Voices Support of Benefits T-Mobile-Sprint Merger Brings to Latino Businesses

June 27, 2018 0

The Latino Coalition Voices Support of Benefits T-Mobile-Sprint Merger Brings to Latino Businesses PR Newswire WASHINGTON, June 27, 2018 WASHINGTON , June 27, 2018 /PRNewswire-USNewswire/ — The Latino Coalition (TLC), the leading, national non-partisan advocacy organization representing Hispanic businesses and consumers, issued the following statement on the T-Mobile-Sprint merger based on the benefits the transaction will bring to Hispanic business owners across the country: “The T-Mobile-Sprint merger will inject competition in the telecommunications market, while improving coverage and ushering in the next generation of nationwide 5G technology critical to Hispanic businesses and workers across the nation,” said TLC Chairman and former U.S. SBA Administrator Hector Barreto . “This transaction will foster economic growth, while enhancing business, economic, and social development of Latinos […]

Mergers & Acquisitions

HyperBlock and CryptoGlobal Receive Court Approval for Acquisition

June 27, 2018 0

HyperBlock and CryptoGlobal Receive Court Approval for Acquisition Canada NewsWire TORONTO, June 27, 2018 TORONTO , June 27, 2018 /CNW/ – CryptoGlobal (TSXV: CPTO) has been granted final court approval from the Ontario Superior Court of Justice (Commercial List) in connection with the proposed acquisition of CryptoGlobal by HyperBlock, “This is an important milestone in our journey to create a diversified crypto champion that will help people and businesses create, safeguard, manage and grow crypto,” explains HyperBlock CEO Sean Walsh , who will lead the newly combined company. Under the terms of the acquisition agreement, HyperBlock will acquire all of the common shares of CryptoGlobal by way of a court approved plan of arrangement (the “Arrangement”) under the Business Corporations Act ( Ontario ). As previously announced by CryptoGlobal, all requisite shareholder approvals of the Arrangement were received at the annual and special meeting of shareholders of CryptoGlobal, and at the special meeting of shareholders of HyperBlock, each held on June 22 , 2018. […]

Economic Data

Market Futures Marginally Up This Wednesday Morning

June 27, 2018 0

Market futures this Wednesday morning are up marginally at this hour, much the way they closed Tuesday’s regular trading day. Value-buying in the wake of harpooned indexes stemming from last week’s realities of a burgeoning trade war with the U.S.’ main trading partners seems to be sopping up losses, though we remain well off year-to-date highs established earlier in 2018. May Durable Goods orders have been released ahead of today’s opening bell, and though they are in negative territory, they are better than expected […]