Kenvue, Johnson & Johnson’s consumer health business, is set to launch their IPO this week. The initial public offering will be the biggest in the US since November 2021. The IPO Details Kenvue is expected to sell more than 151 million shares at between $20 and $23 each. The company aims to raise approximately $3.25
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CVS Health released its Q1 results on Wednesday, with earnings and revenue surpassing expectations. However, the company lowered its full-year profit guidance due to the costs related to recent acquisitions. CVS shares fell more than 1% during premarket trading on Wednesday. Based on a Refinitiv survey, CVS Health’s earnings per share were $2.20 adjusted, compared
JPMorgan Chase CEO Jamie Dimon announced that the crisis leading to the downfall of three regional banks in recent weeks is over. The resolution of the First Republic marked the end of the crisis, according to Dimon. After regulators decided that the time had run out for a private sector solution, the Federal Deposit Insurance
The board of supervisors appointed by Florida Governor Ron DeSantis to oversee Walt Disney World’s operations has voted to sue Disney in response to the company’s recent federal lawsuit alleging a campaign of political retaliation by the governor. The panel, which had replaced a Disney-backed board weeks earlier, voted unanimously to authorize a lawsuit in
Top lawmakers who sit on key banking committees have praised the federal takeover of First Republic Bank and the successful sale of its assets to JP Morgan Chase. The sale of the bank’s assets has been viewed as a public-private collaboration to protect the US financial system. Rep. Maxine Waters, the top Democrat on the
BuzzFeed, known for its listicles and quizzes, has been struggling as a public company since it went public in December 2021. The company’s shares have fallen 95%, and its market valuation is currently at about $86 million. If a company’s stocks trade for 30 consecutive days below the $1 mark, Nasdaq will send the company
General Motors (GM) reported a strong first quarter, beating Wall Street’s earnings expectations and raising its guidance for 2023. However, since the announcement, GM’s stock has dropped by almost 6%, closing at $32.22, marking its lowest closing price since October. The stock is now down 26% from its 52-week high of $43.63 a share, and
Comcast, the cable and media giant, has exceeded expectations with its first quarter earnings report. The company’s shares rose more than 3% in premarket trading and have increased by over 4% this year through Wednesday’s close. For the quarter ending on March 31, Comcast reported earnings of $3.83 billion, or 91 cents per share. This
Tucker Carlson has finally spoken out, two days after his departure from Fox News. However, in a video posted on Twitter, the former primetime host did not comment on his firing or reveal his next move. Instead, Carlson shared his perspective on the current U.S. political climate and cable news discussions. According to Carlson, taking
US Senators Maria Cantwell and Ted Cruz are set to introduce the Transparency in Charges for Key Events Ticketing (TICKET) Act. The bipartisan bill aims to increase transparency in the live events industry, requiring ticketing merchants to disclose full ticket prices, including fees, upfront for large gatherings such as concerts and sporting events. The TICKET