An under-the-radar options trade beloved by hedge funds pouncing on stock dislocations is entering the mainstream.
High-profile US investors are being considered to help finance the PGA Tour’s transaction with Saudi-backed LIV Golf in an effort to ease political opposition to the deal.
Gritstone Bio Inc. will receive as much as $433 million from the US government to conduct a trial of its next-generation Covid-19 vaccine, a much-needed boost for the company struggling to find funds.
Lululemon Athletica Inc. agreed to a five-year partnership with Peloton Interactive Inc. that involves tapping its online workouts and teaming up on apparel, a deal that helps the yogawear company wind down an unprofitable foray into digital fitness equipment.
One senior research analyst says Target Corp.’s decision to close nine stores due to shrink-related issues should act as a sign for policymakers to take action.
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