In a strategic maneuver that could reshape the future of Guess Inc., WHP Global has initiated a proposal to acquire the outstanding shares of the fashion brand not currently held by its co-founders Paul and Maurice Marciano or CEO Carlos Alberini. This potential acquisition, if successfully executed, would effectively take Guess private, placing WHP Global…

Labcorp has announced its acquisition of BioReference Health’s oncology testing business for $192.5 million. This transaction, which marks Labcorp’s second major acquisition of BioReference assets in less than a year, underscores the growing importance of oncology testing services in the marketplace. The deal, announced recently, includes a performance-based component where an additional $32.5 million is…

Walgreens has always been a part of American life, operating approximately 8,500 stores across the United States and Puerto Rico. Over the years, it has expanded its reach into some of the nation’s most underserved communities. However, recent developments have raised questions about the company’s future and its ability to adapt amidst a rapidly changing…

Recent reports suggest a cooling in US inflation, with the consumer price index (CPI) rising by 2.8% in February compared to the same month last year, down from January’s increase of 3%. This decline, the lowest since April 2021 for core prices, which exclude food and energy, signals a potential easing of cost pressures that…

In a groundbreaking development for pediatric oncology, Jazz Pharmaceuticals has announced a significant investment of $935 million to bolster its drug development pipeline with the addition of dordaviprone, a potential treatment for a particularly aggressive and rare type of brain cancer known as H3 K27M-mutant diffuse glioma. This high-grade glioma predominantly affects children and young…

In an age where innovation is imperative to tackle pressing global health issues, Sofinnova Partners, with its remarkable 53-year history, continues to solidify its status as a trailblazer in venture capital. With over 500 companies backed and an impressive €1.2 billion ready for investment, the Paris-based firm is poised to drive the next wave of…

Recently, the concept of a strategic Bitcoin reserve has garnered significant attention. As governments and institutions increasingly explore the potential of cryptocurrencies as a viable store of value, Bitcoin has emerged as a focal point in these discussions. Amidst this burgeoning interest, it becomes essential to evaluate whether maintaining a strategic reserve of Bitcoin is…

Recent developments in the U.S. stock market have raised concerns among investors, as trade stress and fluctuations in policy have led to broad-based declines in major indices. Financial and technology stocks, in particular, have experienced significant downturns, reflecting a shift away from previously favored sectors. This market turbulence coincides with a weakening dollar, approaching its…

The beauty industry, L’Oréal U.S.A. has officially sold the textured hair-care brand Carol’s Daughter back to its founder, Lisa Price, marking a momentous return to its indie roots. This strategic move not only highlights Price’s undying commitment to her brand but also sets the stage for an invigorated approach to hair care that resonates with…