Year: 2019

Can you feel the ground moving beneath your feet? Shares of Sorrento Therapeutics (SRNE) skyrocket 70% today after the small drug maker were made an offer they could, apparently, refuse. The biotech announced it received an unsolicited proposal by two biopharmaceutical companies to acquire all the company’s issued and outstanding shares, in cash, for a price between $3 and $5 per share. After consulting with the company’s advisors, the board rejected the offer on the basis the deal significantly undervalued the biotech and would be against stockholders’ interests. Sorrento believes its immuno-oncology products have short- and long-term value and has …read more […]

The number of North American shale bankruptcies have soared since September, and the investors that thought that the bust was over are now forced to re-think their strategy …read more […]

Can Uber survive after London regulators stripped the license of the ride-sharing company in London? Yahoo Finance’s Julie Hyman, Adam Shapiro, Oscar Williams-Grut, Brian Sozzi and Andy Serwer discuss. …read more […]

Canada’s Nutrien Ltd, the world’s biggest fertilizer company by capacity, said on Monday it would temporarily shut its largest potash mine due to a railway strike. The strike by some 3,200 unionized employees at Canadian National Railway Co entered its seventh day, leaving more than 30 vessels waiting on Canada’s West Coast. Nutrien said in a statement that it would shut its Rocanville, Saskatchewan mine for two weeks starting Dec. 2. …read more […]

Wall Street is seeing a spate of mergers but what does consolidation mean for consumers and how can investors benefit. Yahoo Finance’s Julie Hyman, Adam Shapiro, Brian Sozzi, Andy Serwer and Brian Chueng break it down. …read more […]

Last night was the American Music Awards, and the big winner was Taylor Swift. The singer took home five trophies and was named the AMA’s Artist of the Decade. Swift performed a medley of some of her biggest hits, including songs at the heart of her rights dispute with her former label. Some of the night’s other winners included Billie Eilish and Lil Nas X. Jem Aswad, senior music editor at Variety, is joins Yahoo Finance to break down the night. …read more […]

Some thoughts on one of the Oracle of Omaha’s biggest mistakes Continue reading… …read more […]

Nov.25 — Daniel Ives, Wedbush Securities managing director of equity research, comments on Uber Technologies Inc. losing its license in London for the second time in less than three years. He speaks with Bloomberg’s Romaine Bostick and Guy Johnson on “Bloomberg Markets.” …read more […]

2 tobacco companies and 1 food and beverage products manufacturer make the list Continue reading… …read more […]