Morphic’s stock rocketed Monday, after the biopharmaceutical company announced an agreement to be acquired by Eli Lilly in a cash deal valued at about $3.2 billion.
The company, which makes glass for big-screen TVs, mobile phones and optical fiber, believes the first quarter will be the lowest one for all of 2024.
Stock investors emphasize interest-rate trends and investor sentiment.
AI mastery could cement Tesla’s lead in autonomous driving and beyond.
Companies are spending big to develop their own AI chips so they don’t have to keep paying Nvidia.
Oil futures moved lower early Monday, slipping after Hamas over the weekend gave its initial approval of a U.S.-backed proposal for a phased cease-fire deal with Israel in Gaza.
The battle has been waged since last October when Vista announced it would separate its ammunition business from Revelyst, its outdoor-products business of golfing, fishing equipment and branded biking.
Ed Yardeni offers three important reasons why investors should be less worried.
