Stocks fell, while oil and gold rose as fighting between Israel and Iran entered a fifth day amid evacuation calls, raising investor concerns over the risk of a broader regional conflict in a week packed with key central bank decisions.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
PHOTO: EZPS
Stocks dip, oil rallies as Middle East tensions keep investors on edge
Stocks fell, while oil and gold rose as fighting between Israel and Iran entered a fifth day amid evacuation calls, raising investor concerns over the risk of a broader regional conflict in a week packed with key central bank decisions. Read here
Millennium valued at $14B in stake sale talks
The New York-based multistrategy hedge fund is working with Goldman Sachs' Petershill Partners to identify potential buyers for a 10% to 15% minority equity stake in its management company, which handles over $75 billion. Read here
PHOTO: MILLENIUM
Eli Lilly nears $1.3B deal for Verve Therapeutics
The Indiana-headquartered global pharmaceutical firm is in advanced talks to acquire the Massachusetts-based gene editing startup, as it aims to strengthen its pipeline of experimental medicines, according to a report.Read here
PHOTO: ELI LILLY
NEWS WORTH NOTING
Trump might extend TikTok sale deadline again
President Donald Trump reiterated an earlier statement in May that he would likely extend the June 19 deadline for China-based ByteDance to divest the US assets of its short-form video and social app.Read here
Mitsubishi Corp in talks for $8B US shale acquisition
The Japanese general trading company is in talks to acquire the shale production and pipeline assets of Aethon Energy Management for roughly $8 billion. Read here
SoftBank raises $4.8B from sale of T-Mobile shares
The Japanese bank has received fresh funds from the sale of 21.5 million shares of the American wireless network operator at $224 each, according to a term sheet. Read here
Autodoc’s IPO set to value car parts retailer at $2.8B
The planned initial public offering of the German online parts retailer is set at a private placement price range of 58 to 61 euros, or up to $2.77 billion market capitalization. Read here
Volvo Group, Daimler look
to technology joint venture
The European truckmaking rivals hope to cut costs and reduce reliance on suppliers by jointly developing a software-defined vehicle program, the companies said. Read here
