Retail/Wholesale
Amazon Among Bidders for Signify Health
Amazon.com Inc. is among the bidders for healthcare company Signify Health Inc., joining other heavy hitters vying in an auction for the home-health-services provider, according to people familiar with the matter. Signify is for sale in an auction that could value it at more than $8 billion, the people said. Bids are due around Labor …
Cardinal Health’s Supply-Chain Woes Means Higher Healthcare-Provider Costs
Text size The supply-chain crisis hasn’t eased up for Cardinal Health. Dreamstime More than two years into the pandemic, the supply-chain crisis hasn’t eased up for Cardinal Health , a distributor of drugs, and maker of medical supplies. Shares were down 5.1% on Thursday after the company reported fiscal-third-quarter earnings that missed Wall Street expectations, …
Amazon Nears Deal to Buy Hollywood Studio MGM
Amazon.com Inc. AMZN 1.46% is nearing a deal to buy the Hollywood studio MGM Holdings for almost $9 billion, said people familiar with the matter, a pact that would turn a film operation founded in the silent era into a streaming asset for the e-commerce giant. An agreement could be announced as early as this …
Walmart Sales Growth Helped by Stimulus
Walmart Inc.’s WMT 1.86% sales continued to rise during the spring quarter though at a slower pace than earlier in the Covid-19 outbreak, as some consumers returned to more typical shopping patterns and U.S. government stimulus stoked spending. Comparable sales, those from U.S. stores and digital channels operating for at least 12 months, rose 6% …
Robert Colescott’s ‘George Washington Carver’ Poised to Break Artist’s Price Record
Robert Colescott’s George Washington Carver Crossing the Delaware: Page from an American History Textbook Courtesy of Sotheby’s Text size Robert Colescott’s George Washington Carver Crossing the Delaware: Page from an American History Textbook will be offered at Sotheby’s contemporary art sales in New York this May. With an estimate of between US$9 million and US$12 …
Young, healthy adults will be deliberately reinfected with COVID-19 to boost vaccine development
Healthy, young volunteers who have previously had COVID-19 will be deliberately exposed to coronavirus for a second time to see how the immune system responds, as part of a new U.K. study. Researchers at the University of Oxford on Monday launched the “human challenge” trial to investigate what happens when volunteers who have recovered from the …
GameStop Is Hiring. The Focus Is on Technology.
Text size GameStop is increasingly focusing on e-commerce. Spencer Platt/Getty Images GameStop ‘s executive shake-up continued this week with the announced departure of Chief Merchandising Officer Chris Homeister. Expect more hiring as the retailer continues to focus on e-commerce. A person familiar with the matter told Barron’s that hiring talent from e-commerce and technology companies …
Goldman, Morgan Stanley Limit Losses With Fast Sale of Archegos Assets
Goldman Sachs Group Inc. and Morgan Stanley were quick to move large blocks of assets before other large banks that traded with Archegos Capital Management, as the scale of the hedge fund’s losses became apparent, according to people with knowledge of the transactions. The strategy helped limit the U.S. firms’ losses in last week’s epic …
World Health Organization grants emergency authorization to AstraZeneca’s COVID-19 vaccine
TORONTO (AP) — The World Health Organization has granted an emergency authorization to AstraZeneca’s coronavirus vaccine, a move that should allow the U.N. agency’s partners to ship millions of doses to countries as part of a U.N.-backed program to tame the pandemic. In a statement Monday, the WHO said it was clearing the AstraZeneca AZN, …
Charting a bullish technical tilt, S&P 500 extends break atop 4,000 mark
Technically speaking, the major U.S. benchmarks have taken flight to start April, rising amid statistically unusual bullish momentum. In the process, the S&P 500 and Dow Jones Industrial Average have knifed to record highs, while the Nasdaq Composite has staged a potentially consequential trendline breakout. Before detailing the U.S. markets’ wider view, the S&P 500’s …