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.
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This is what the Fed’s interest-rate cut means for distressed companies
This week’s aggressive Fed rate cut could provide some breathing space for distressed companies, notes one bankruptcy attorney.
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Investors are mulling strategies beyond cash on expectations that interest rates will continue to fall after the Fed’s big rate...
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Dow surges to record as investors celebrate Fed’s ‘recalibration’ rate cut
Fed Chair Jerome Powell emphasized a policy “recalibration.” Investors like the sound of it.
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FedEx stock falls as company narrows its full-year forecast
The package-delivery giant said reduced demand for priority services and higher operating costs weighed on results.