Applied Materials Stock Drops 6% on China Export Curb Concerns
Applied Materials forecasts reduced China spending in 2026 due to U.S. export restrictions, causing shares to fall 6%. Company expects recovery in second half of 2026.
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Warner Bros. Discovery Attracts Bids from Paramount, Comcast, and Netflix
Warner Bros. Discovery faces acquisition interest from Paramount, Comcast, and Netflix as the media giant seeks buyers by year-end. First-round bids due November 20.
Merck's $9.2B Cidara Takeover: Big Pharma's Fight for Flu Innovation
Merck wins bidding war for Cidara Therapeutics at $9.2B, more than double its market value, securing groundbreaking long-acting flu antibody treatment as Big Pharma races for cutting-edge medicines.
Luminar Q3 2025: Revenue Up 20% But Cash Crisis Deepens
Luminar (LAZR) reports 20% revenue increase in Q3 2025 but faces serious cash crunch with only $74M remaining. Company exploring sale options and restructuring debt.
Novo Nordisk, Eli Lilly Deny Mangoceuticals Partnership
Novo Nordisk and Eli Lilly reject Mangoceuticals' false partnership claims regarding weight-loss drugs.
LKQ Plans $1 Billion Sale of Keystone Auto Parts Division
Auto parts supplier LKQ Corp is planning to sell its Keystone specialty division for around $1 billion as investors pressure the company to maximize shareholder value and restructure operations.