Raking Billions Seat

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.

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.