Business headlines from the Apex backend, organized by sectors and major public companies for faster market scanning.
Pre-market trading chatter linked Eli Lilly to a reported $2.8 billion acquisition of ATAI. Stocks of Compass Pathways (CMPS) also moved higher as traders appeared to connect the deal to the broader psychedelic and neuropsychiatry space.
THE APEX TIMES
THE APEX TIMES
The firm said more than half of its second-quarter net new assets were driven by wealth-management inflows tied to initial public offerings, underscoring how a busy IPO market is translating into investor demand for brokerage and advisory services.
THE APEX TIMES
A wave of new EV launches contributed to a 15% jump in U.S. electric-vehicle sales, according to Yahoo Finance, even as used EV prices climbed 12% alongside demand.
THE APEX TIMES
A push from Microsoft’s commercial organization highlights a strategy to steer customers toward internally built or curated AI models rather than relying on outside offerings, with sales messaging focused on cost and interoperability.
THE APEX TIMES
A decline in grocery units in the U.S. helped frame softer momentum for packaged food companies, with PepsiCo pointing to weaker North America food revenue as shoppers pull back on discretionary trips.
THE APEX TIMES
A report says Uber has launched a takeover offer for Delivery Hero, a move intended to strengthen Uber’s reach in online food delivery. Key deal terms, however, were not laid out in the brief market report.
THE APEX TIMES
In comments reported by Yahoo Finance, entrepreneur Mark Cuban said artificial intelligence is changing how intellectual property (IP) is valued, arguing that patents may be losing leverage while trade secrets become more important.
THE APEX TIMES
The company’s latest results delivered a large upside versus expectations on earnings, while revenue also came in above forecasts, renewing focus on whether the momentum can persist.
THE APEX TIMES
The jet-engine maker reported a stronger-than-expected quarter and raised its full-year outlook, forecasting higher adjusted earnings per share after revenue grew sharply.
