At The ASH 2019 Annual Meeting: AXLA, CBMG, SRRA, EPZM, STOK…

The following are some of the companies that presented new/updated trial data of their investigational drug candidates at the 61st Annual Meeting of the American Society of Hematology (ASH) on Saturday. Watch out for these stocks on Monday… Axcella Health Inc. (AXLA) presented mechanistic data from preclinical studies of AXA4010, a hematology product candidate. AXA4010 is composed of a novel […]

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Buffett's Berkshire outbid for Tech Data: CNBC

(Reuters) – Billionaire investor Warren Buffett was thwarted in trying to spend some of the $128.2 billion of cash at his Berkshire Hathaway Inc, after a private equity firm outbid him to buy technology equipment distributor Tech Data Corp for $5.14 billion, CNBC said on Friday. Berkshire did not respond to requests for comment. Apollo Global Management Inc agreed on […]

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Xerox prepares to take HP buyout bid hostile

(Reuters) – Xerox Corp said on Tuesday it was planning to take its $33.5 billion buyout bid directly to HP Inc shareholders after the personal computer maker refused to open its books for due diligence before a deadline. “We plan to engage directly with HP shareholders to solicit their support in urging the HP Board to do the right thing […]

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CBS ordered to disclose internal records on Viacom deal

(Reuters) – A Delaware judge on Monday ordered broadcaster CBS Corp to turn over records regarding its plan to reunite with Viacom Inc to a shareholder who wants to investigate if the deal unfairly benefits Shari Redstone, who controls both companies. The deal is scheduled to close on Dec. 4, combining CBS television network, CBS News, Showtime cable networks with […]

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‘He reads more than anybody I know’: Sarah Sanders disputes ‘absurd’ claim Trump doesn’t read briefings

Former White House Press Secretary Sarah Sanders disputed the portrayal of President Donald Trump by the anonymous purported Trump official in the book “A Warning,” calling the person a “total coward” and saying it doesn’t sound like “somebody who spent real time with the president.”  The book describes Trump as volatile and unfocused, but Sanders said, “you can’t spend that kind […]

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Icahn takes stake in HP, pushes for merger with Xerox: WSJ

(Reuters) – Activist investor Carl Icahn has bought a $1.2 billion stake in HP Inc (HPQ.N) and is pushing for the personal computer maker’s merger with printer maker Xerox Corp (XRX.N), arguing that a union could yield big profits for investors, the Wall Street Journal reported on Wednesday. Icahn, who owns a 10.6% stake in Xerox, now owns a 4.24% […]

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Thyssenkrupp's elevator business gets at least 3 bidders: sources

FRANKFURT/DUESSELDORF (Reuters) – Thyssenkrupp has received bids from at least three major bidding groups for a majority stake in Thyssenkrupp’s (TKAG.DE) elevator business, four people familiar with the matter said. Thyssenkrupp Elevator Technology (ET), which sources said could fetch as much as 17 billion euros ($18.73 billion), is the German group’s most profitable asset and has been put on the […]

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