Latest in 10.5 Billion
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CVS beats revenue views, but profit missed due to a $1.1 billion reserve charge
CVS’s stock surges after revenue rose well above expectations, while profit missed because of a large charge premium deficiency reserves charge.Business - MarketWatch - November 6 -
Coinbase CEO Brian Armstrong is more than $2 billion richer after post-election stock pop
Coinbase's success in helping its candidates win their elections on Tuesday sent the company's stock price soaring, lifting CEO Brian Armstrong's net worth.Business - CNBC - November 6 -
Ukraine war briefing: Biden plans military aid surge from billions still available, say reports
Zelenskyy congratulates Trump on election win – but gloom and uncertainty prevail in Kyiv. What we know on day 988. See all our coverage of the Russia-Ukraine war The Biden White House ...World - The Guardian - November 7 -
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Small Business Administration-Backed Financing Rose to $56 Billion in Fiscal Year 2024
Smaller loans made up for much of the additional funding.Business - Inc. - November 8 -
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Over $2.8 billion bet on bitcoin topping $90,000 as it hits all-time high
Bitcoin hit a new record high as futures premiums soared, in a clear sign that investors believe the record-run will continue.Business - CNBC - November 10 -
FTX sues crypto exchange Binance and its former CEO Zhao for $1.8 billion
The litigation marks the latest escalation of tensions between two of the biggest names in crypto, after the meteoric collapse of FTX rocked the market.Business - CNBC - November 11 -
Tesla’s stock extends election surge, as Elon Musk is getting $68 billion richer
Tesla’s stock is headed for its best four-day stretch in more than four years, following Donald Trump’s election win.Business - MarketWatch - November 11 -
Elon Musk is $70 billion richer since Trump victory due to Tesla stock surge
Tesla's 39% surge since Donald Trump's election victory last week has lifted Elon Musk's net worth by about $70 billion.Business - CNBC - November 11 -
Elon Musk is $70 billion richer since Trump victory due to Tesla stock surge
Elon Musk spent $44 billion to buy Twitter, now known as X, and at least $130 million to help get Donald Trump elected president.Top stories - NBC News - November 11 -
Binance Co-Founder Changpeng Zhao Is Being Sued for $1.8 Billion by Sam Bankman-Fried’s Failed Crypto Exchange, FTX
The two crypto exchanges have a history of bad blood.Business - Inc. - November 11 -
Schrödinger’s stock pops as it enters collaboration pact with Novartis worth up to $2.5 billion
Schrödinger will receive $150 million upfront plus up to $2.3 billion in milestone and royalty payments.Business - MarketWatch - November 12 -
Activist investor Elliott Management has $5 billion Honeywell stake, seeks breakup
Activist investor Elliott Management has a $5 billion-plus stake in Honeywell and is pushing the company to break itself up into two businesses.Business - CNBC - November 12 -
Americans spend $300 billion a year on gift cards. Why some experts say they should stop.
“Gift cards are a good idea for everybody but the person who receives them.”Business - MarketWatch - November 13 -
US Regulators Seek to Block UnitedHealth’s $3.3 Billion Purchase of Home Care Company
The Justice Department and four Democratic state attorneys general argued that United’s takeover would limit competition and harm consumers needing home or hospice care.Business - The New York Times - November 12 -
DOJ sues UnitedHealth amid $3.3 billion bid to buy home care giant Amedisys
Minnesota-based UnitedHealth Group Inc. is the focus of an antitrust lawsuit filed on Tuesday by the United States Department of Justice.Top stories - CBS News - November 12 -
Rivian-Volkswagen joint venture deal rises to up to $5.8 billion, VW cars expected as early as 2027
The companies said the deal is now up to $5.8 billion, with the first VW models to use Rivian's software and electrical architecture arriving as early as 2027.Business - CNBC - November 12 -
VW's $5.8 billion investment in Rivian isn't guaranteed. Here are the milestones the EV maker needs to hit
VW's capital to Rivian isn't guaranteed, and neither is the success of the joint venture. Major automotive tie-ups don't always result in long-term successes.Business - CNBC - November 13 -
RWE Plans $1.6 Billion Buyback Due to Expected U.S., Europe Project Delays
The power utility said risks to offshore wind projects increased following the U.S. election as it warned of delays to its plans off the East Coast due to outstanding permits.Business - The Wall Street Journal - November 13
