Daily Management Review
Business & Finance

Hershey to buy popcorn maker LesserEvil for $750 mln

U.S. chocolate manufacturer Hershey Co. is acquiring popcorn and snack producer LesserEvil. According to sources, The Wall Street Journal reported that the agreement will amount to approximately $750 million. Hershey stated in a press release that acquiring the LesserEvil brand will broaden the...

Court rejects Johnson & Johnson's plan to settle talcum-related disputes for $9 billion

Texas bankruptcy judge Christopher Lopez has dismissed a proposal from US health products manufacturer Johnson & Johnson (J&J) aimed at resolving current and future lawsuits concerning the use of talcum powder in its products, according to Barron's. The firm aimed to settle the conflicts via...

WSJ: Musk is in conflict with Apple over investment in satellite communications

The American company Apple entered in a dispute with billionaire Elon Musk, Tesla and SpaceX founder, reports The Wall Street Journal. Based on its information, Apple and SpaceX are vying to remove what are known as dead zones, that is, areas without cellular service. According to the publication,...

Novo Nordisk Secures Global Licensing Rights for Revolutionary Obesity Drug in Landmark $1 Billion Deal

Novo Nordisk has reached a major milestone in its strategic expansion by securing worldwide rights to develop, manufacture, and commercialize Lexicon’s experimental obesity drug, LX9851. This licensing deal, valued at up to $1 billion, represents a significant step forward as the Danish drugmaker...

TotalEnergies, Equinor and Shell decide to expand CO2 storage in the North Sea

TotalEnergies, Equinor, and Shell have approved the final investment decision (FID) for the second phase of the Northern Lights project, which will boost the design capacity for transportation and storage from 1.5 million to over 5 million tons of carbon dioxide (CO2) annually starting in 2028, the...

Robinhood’s Expansion into Wealth Management and Private Banking

Robinhood is redefining retail investing by expanding its services into wealth management and private banking. The move represents a significant shift from its core model of commission-free trading, bringing investment advisory and premium financial services to users with modest portfolios. With a...

Wall Street Investment Banks at a Crossroads: Job Cuts Loom Amid Sluggish Deal Flow

U.S. investment banks are bracing for further layoffs as economic uncertainty continues to weigh on dealmaking. With markets struggling to recover amid persistent tariff threats and geopolitical tension, major financial institutions are reexamining their workforce needs. Several banks have already...

AI firm Cerebras delays IPO due to national security scrutiny of investments

Cerebras, an artificial intelligence startup, has delayed its initial public offering in the United States due to national security investigations carried out by the Committee on Foreign Investment in the United States (CFIUS), as reported by Reuters, citing informed sources. CFIUS, overseen by the...

Johnson & Johnson to invest $55 billion in the US over the next four years

The American health products manufacturer Johnson & Johnson (J&J) plans to invest over $55 billion in the U.S. economy within the next four years. The amount of intended investments is 25% greater than the investments made in the prior four years. As stated in a press release from J&J,...

Major Corporations Demand Deeper EU Deregulation Amid Minimal Red Tape Relief

Large enterprises are shouldering a heavy burden to meet the EU’s stringent sustainability standards. For example, companies like RHI Magnesita spend around 1 million euros each year solely on compliance measures. These costs are not trivial compared to their overall earnings, and they eat...
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