Key TakeawaysNovo Nordisk (NVO) has launched an unsolicited bid valued at up to $9 billion for obesity-drug developer Metsera (MTSR), aiming to outbid Pfizer's (PFE) existing agreement of up to $7.3 billion.Metsera's board has deemed Novo Nordisk's offer a "superior proposal," triggering a four-business-day window for Pfizer to renegotiate its terms, amidst Pfizer's accusations of antitrust violations and breach of contract.Novo Nordisk has vehemently denied Pfizer's claims, stating that Pfizer is "fundamen ...

By Jonathan Stempel (Reuters) -A utility owned by Warren Buffett's Berkshire Hathaway warned on Monday it could face strained liquidity and lose its investment-grade status after a judge sped up the pace of trials over the 2020 Labor Day weekend wildfires in Oregon. PacifiCorp has already set aside $2.85 billion, including $100 million in the third quarter, for lawsuits seeking $55 billion over the burning of more than 2,000 structures and 500,000 acres in Oregon and northern California. Victims blaming ...

ACT Research’s October research is one of the first comprehensive looks at the trucking market since English Language Proficiency enforcement has been toughened, and impacts to trucking capacity are clear. What isn’t obvious, though, is whether the demand side of the market will show up. The ACT For-Hire Trucking Index depicts a landscape where for-hire trucking capacity is contracting. According to the report, the Capacity Index increased by 2.1 points month-over-month to 47.5 in September. This tells us ...

Looking for more evidence of a topsy-turvy, “K-shaped” economy? Check out what’s happening to credit scores. A report from TransUnion Monday showed the share of people classified as low-risk, super prime borrowers — having credit scores of 781-850, typically — is on the rise, increasing from 37.1% in the third quarter of 2019 to 40.9% in this year’s third quarter. The subprime segment, or riskier consumers with credit scores of 300 to 600, has also increased, erasing progress made during pandemic-era stim ...

Find out which banks are offering the top rates. Money market accounts (MMAs) can be a great place to store your cash if you're looking for a relatively high interest rate along with liquidity and flexibility. Unlike traditional savings accounts, MMAs typically offer better returns, and they may also provide check-writing privileges and debit card access. This makes these accounts ideal for holding long-term savings that you want to grow over time, but can still access when needed for certain purchases or ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

UPS has completed the acquisition of Andlauer Healthcare Group, a provider of logistics and refrigerated transportation services for the healthcare sector in Canada, for $1.6 billion in cash, the company announced Monday. Andlauer’s customers include companies that make pharmaceuticals, vaccines, biologics, blood products, nutraceuticals, medical devices, consumer healthcare, animal health, and health and beauty products. Michael Andlauer, founder and CEO of AHG, will lead UPS Canada Healthcare and AHG, ...

In 2018, I analyzed the Rule of 20 and stated then that we were in a bubble. My analysis was simple at the time, but I noted that we were overpriced by 32.5%. Although the marketThe Barnacle is a quantitative analyst and has been in and out of the investing business since 2003. He is a former member of Marketocracy's M100 Club. He has a degree in mathematics and believes that mathematics is the root of all success. If the numbers tell one to do something, then do it. When one reads his posts, one will reali ...

The Home Depot logo is seen on a shopping cart outside its store May 30, 2006 in Chicago, Illinois. (Photo by Tim Boyle/Getty Images)Getty Images Home Depot (HD) has quietly built a reputation not just as a home improvement giant, but as one of the market’s most consistent wealth creators. While investors often focus on growth stories in tech or energy, the Atlanta-based retailer has been funneling extraordinary amounts of cash back to its shareholders year after year.Over the past decade, HD stock has retu ...

Accenture signage is being pictured in Warsaw, Poland, on August 7, 2024. (Photo by Aleksander Kalka/NurPhoto via Getty Images)NurPhoto via Getty ImagesIn a market driven by hype and momentum, Accenture (ACN) stands out as a steady performer with solid fundamentals and a discounted valuation — proof that “boring” can still be beautiful.Here is why we believe ACN stock merits attention as a value investment. It is currently priced about 36% lower than its 1-year peak and is trading at a PS multiple that is l ...