GlobalFoundries Q3 Profit Jumps 40% on Better Margins
GlobalFoundries (GFS) reports increased Q3 profit with improved margins through better product mix, despite lower revenue. Fourth-quarter outlook exceeds analyst expectations.
GlobalFoundries (GFS) reports increased Q3 profit with improved margins through better product mix, despite lower revenue. Fourth-quarter outlook exceeds analyst expectations.
Hapag-Lloyd is acquiring Israel’s ZIM in a $4.2B cash deal at $35/share (58% premium). The merger creates the world’s 5th-largest shipping giant while a new Israeli “New ZIM” keeps vital sea routes to Israel safe.
Warner Bros. Discovery's board is thinking about reopening deal talks with Paramount Skydance after its updated offer, which could spark a bidding war with Netflix.
Werewolf Therapeutics announces a 64% workforce reduction to save money, key executives leave with severance, and a new finance officer steps in as the company explores partnerships and funding options.