By Niket Nishant (Reuters) - Investment giant KKR is ready to put its $116 billion of capital to use as market volatility creates fresh opportunities, it said after posting a nearly 20% jump in first-quarter profit on Thursday. While tariff-driven turbulence has stirred concerns over limited exit opportunities, top KKR executives said its global footprint and asset mix have put it in a better posi ...
By Mariam Sunny and Christy Santhosh (Reuters) - Biogen (NASDAQ:BIIB) beat first-quarter profit and revenue expectations on Thursday, as strong demand for its rare disease drugs helped offset declining sales of its multiple sclerosis medicines. The drugmaker has focused on deals, cost-cutting measures and newer drugs to address investor pressure for growth as demand falls for its once top-selling ...
Investing.com -- Shares of Olo Inc (NYSE:OLO) gained 11.6% Thursday following reports from Bloomberg News Wednesday afternoon that the company is exploring a takeover after receiving interest from potential buyers.The deliberations are said to be in the early stages, with companies like Toast (NYSE:TOST) and Oracle Corporation (NYSE:ORCL) mentioned as potential buyers.William Blair analys ...
By Jody Godoy and Mike Stone WASHINGTON (Reuters) - The U.S. Department of Defense wants new and existing defense contracts to give the Army the right to repair its own weapons, in a bid to save money and time by ending requirements to use original manufacturers for servicing. The move introducing a "right to repair" outlined in an April 30 memo signed by U.S. Secretary of Defense Pete Hegseth is ...