M&A

Hedge Funds

Citadel’s Flagship Fund Delivers Standout Gains After Buying Situational’s Distressed Book

Photo via IMAGO/Kobe Li/IMAGO/Nexpher Images/Newscom

Snapping up most of Situational Awareness’s public equities portfolio proved a near-immediate coup for Citadel, whose flagship fund rose 5.9%.

2 min read

Photo via IMAGO/CFOTO/Newscom

Healthcare

‘Huh?’ Markets React to AstraZeneca’s Megadeal Talks With Bristol Myers

Deal or no deal, mere talks between Astrazeneca and Bristol-Myers point to one of the global pharma industry’s biggest themes.

2 min read
Photo via Kris Tripplaar/Sipa USA/Newscom

M&A

Eli Lilly to Pay up to $3.8B for AtaiBeckley in Big Pharma’s Latest Psychedelic Foray

The deal gives Eli Lilly access to a ⁠psychedelic-based nasal spray that studies show curbs treatment-resistant depression in a single dose.

1 min read
Photo illustration by Connor Lin / The Daily Upside, Photos by Shaina Benhiyoun, Weston Hancock, Erica Denhoff, IMAGO/JOERAN STEINSIEK, and Kenya Sumiyoshi via Newscom

Media & Entertainment

Major League Soccer Snatches Victory From World Cup Despite US Team’s Loss

The US men’s national soccer team’s World Cup performance is likely to have significant impact on broadcasters and high-flying investors.

6 min read

Healthcare

Germany’s Merck Pumps Up Life Sciences Biz with $11.3B Bio-Techne Deal

Photo via Anthony Behar/Sipa USA/Newscom

Merck KGaA’s agreement to buy Bio-Techne for $11.3 billion strengthens its hold in life sciences, especially drug discovery and gene therapy.

2 min read

M&A

United Airlines Floats Marriage of Giants with American amid Skyrocketing Jet Fuel Costs

Photo via Edna Leshowitz/ZUMAPRESS/Newscom

American Airlines, United, Delta and Southwest represent a whopping 75% share of the US aviation market, according to aviation data firm OAG.

1 min read

M&A

Goldman Sachs, JPMorgan Lead Wall Street’s M&A League Tables

Photo via Tschaen Eric/Pool/ABACA/Newscom

JPMorgan and Goldman Sachs proved they’re still the go-to middlemen for Wall Street deals amid a near-record $4.8 trillion global M&A bonanza

1 min read

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