Shareholders of Simulations Plus are set to receive $18.50 per share in an all-cash buyout by affiliates of Altaris, a deal valuing the drug development software firm at approximately $375 million. The acquisition, confirmed Tuesday, aims to merge the company into Altaris’ existing portfolio brand, Chemical Computing Group.
Salesforce is injecting $1 billion into the Italian market over the next five years, a strategic move aimed at scaling its local footprint. The enterprise software giant intends to anchor this growth by establishing a new hub in Milan and aggressively recruiting top-tier talent in artificial intelligence and data science.
As inflation continues to tighten household budgets across Canada, Dollarama is betting on a new multi-year partnership with Bank of Montreal to keep shoppers returning. Starting this week, customers using the BMO Blue Rewards loyalty program can earn points on transactions exceeding 20 Canadian dollars at any of the retailer's 1,700 locations.
A 78% premium over the 90-day volume-weighted average price has secured a deal for Open Lending, as ANV Group moves to acquire the automotive finance partner for $383.4 million. The all-cash transaction marks the end of Open Lending’s tenure on the Nasdaq, shifting the company into private ownership by the third quarter.
A letter of intent signed with the Department of Commerce earmarks up to $50 million in CHIPS and Science Act funding for Coherent, fueling a major expansion of its Sherman, Texas, semiconductor facility to meet the surging demand for high-performance optical networking components required by modern artificial intelligence data centers.
A 5.5% monthly jump in existing-home sales during May signals a potential turning point for Canada’s long-stalled real estate market. The increase, the most significant since October 2024, arrives after an extended period of declining demand, persistent price drops, and economic headwinds that have squeezed the sector for over a year.
Canada's largest telecommunications provider is eliminating approximately 690 positions, representing 1% of its total workforce. The move arrives as the company struggles against a cooling subscriber market and aggressive national wireless competition, forcing a shift in strategy to protect margins in a tightening economic climate.
Shares of Outlook Therapeutics surged 20% on Tuesday, hitting $1.39, after federal regulators accepted the company’s resubmitted application for ONS-5010, a treatment for wet age-related macular degeneration. This latest regulatory milestone follows a month-long rally that has seen the company’s stock value quadruple.
Sanuwave Health shares plummeted 37% to $9.22 in early trading after the medical device manufacturer slashed its second-quarter revenue outlook. The company now expects between $8.5 million and $9.5 million in revenue, a significant retreat from the $11.1 million to $11.6 million projection issued just last month.
The European Central Bank could push borrowing costs higher even as markets react to a potential U.S.-Iran peace deal. Chief Economist Philip Lane signaled Tuesday that while energy price volatility has eased, the inflation outlook remains precarious enough to justify further tightening if incoming data demands it.
Faced with a July 4 deadline and the threat of 25% tariffs on car imports, European lawmakers voted 440 to 151 on Tuesday to approve a contentious trade deal with the United States. The decision follows a volatile period of negotiations initiated at President Trump’s Turnberry golf course last summer.
Stepping beyond its identity as a Covid-19 vaccine manufacturer, Moderna is initiating a broad organizational restructuring to support an ambitious portfolio of upcoming product launches. The biotechnology company is consolidating its operational oversight under President Stephen Hoge while installing a new chief commercial officer to lead global market penetration.
A $1.48 per share offer from Forward Industries failed to gain traction this week, as the board of digital-asset holder Solana unanimously rebuffed the unsolicited takeover attempt. Directors characterized the all-stock proposal as a significant undervaluation of the company, effectively shutting down the acquisition bid without further negotiation.
A division of the Unified Patent Court has granted InterDigital an injunction against Disney, barring the entertainment giant from using specific video-coding technologies across 11 European Union countries. The ruling validates InterDigital’s claims that Disney infringed upon its patented HEVC video-compression standards, marking a significant escalation in their ongoing intellectual property dispute.
A profit jump to $135.3 million for the fiscal fourth quarter signals a pivotal shift for Hoboken-based publisher John Wiley & Sons. By pivoting toward data-driven research and AI-integrated content, the company nearly doubled its year-over-year earnings, signaling a new financial trajectory for the storied book house.
Moving beyond its traditional role as a technology supplier, Mobileye plans to launch a proprietary robotaxi service in a major American city next year. The Intel-backed firm intends to deploy an initial fleet of 100 autonomous vehicles to test its ride-hailing model before pursuing a massive expansion.
A 9.5% premarket surge pushed NovaBridge Biosciences shares to $1.61, offering a brief reprieve for a stock that has shed nearly half its value over the last three months. The rally follows the FDA's decision to grant fast track designation to the company’s experimental gastric cancer therapy.
Equinix is accelerating the global deployment of enterprise artificial intelligence by integrating Cisco’s Secure AI Factory and Nvidia’s accelerated computing hardware into its data centers. This strategic expansion provides businesses with standardized blueprints designed to strip away the complexity typically associated with building high-performance AI infrastructure at scale.
With $2.7 billion secured from the divestiture of its Pizza Hut business, Yum Brands is funneling the influx directly back to investors. The Louisville-based restaurant operator confirmed its board authorized a $4 billion expansion of its stock-buyback program, signaling a aggressive return of capital to its shareholders.
A 13% jump in premarket trading greeted High Tide on Tuesday after the cannabis company flipped a year-ago loss into a quarterly profit. The Calgary-based retailer reported record revenue of C$179.3 million for its fiscal second quarter, comfortably outpacing analyst expectations despite facing a seasonally challenging three-month period.
After seven years of steering the Des Moines-based insurer, CEO Chris Blunt is stepping down from his post. The firm has appointed current president and CFO Conor Murphy to take the helm, initiating a leadership transition that reshapes the executive suite effective June 30.
The abrupt U.S. suspension of Anthropic’s Claude Mythos models has forced Tokyo to reassess its digital defenses, though Finance Minister Satsuki Katayama insisted Tuesday that the move poses no immediate threat to Japanese banking trials, which remain contained within closed test environments.
Aggressive retail footprint expansion in the U.S. and U.K. powered a sharp first-quarter profit jump for Montreal-based Groupe Dynamite. The fast-fashion retailer reported net income of C$51.7 million for the period ended May 2, nearly doubling the C$27.3 million profit recorded during the same quarter last year.
The German government has officially rebuffed UniCredit’s multibillion-euro takeover attempt, branding the Italian lender’s tactics as overly aggressive. By throwing its weight behind Commerzbank’s independent strategy, Berlin is signaling an end to the hostile pursuit that has roiled the German financial sector for months.
The ongoing conflict in the Middle East serves as a volatile stress test for Southeast Asia, exposing the region’s deep vulnerability to oil shocks. With the area poised to drive 20% of global energy demand growth over the coming decade, the International Energy Agency is sounding the alarm on its structural energy insecurity.
A 0.3% gain for the Stoxx Europe 600 set a cautious morning tone as traders weighed uneven global signals. While European indices pushed into positive territory, U.S. futures remained largely static, reflecting a market pause ahead of the opening bell across the Atlantic.
A 28 percent decline in net profit marked the fiscal year for Odakyu Electric Railway, as the Tokyo-based operator reported 37.37 billion yen for the period ending March 31. While the company maintained a consistent revenue stream, bottom-line performance fell significantly short of the 51.96 billion yen recorded in the previous year.
France has commissioned a new supply of Next-generation Light Anti-tank Weapons from Swedish defense contractor Saab. The agreement, which covers both hardware and specialized training equipment, marks a significant expansion of the company's footprint in the French military arsenal, though the specific financial value of the contract remains undisclosed.
TotalEnergies SE has completed a multi-day share repurchase program, acquiring 1,750,151 of its own shares between June 8 and June 12, 2026. The energy giant executed these transactions on the XPAR and CEUX markets, representing a total investment of approximately 134.99 million euros.
Conflicting signals regarding the Strait of Hormuz are keeping oil markets on edge, as traders weigh President Trump’s promise of a Friday reopening against U.S. officials’ warnings that normal shipping could take weeks. This uncertainty over the critical waterway has triggered a reversal in early morning gains for crude futures.
