All major U.S. equity indices opened the week with losses, as traders shifted to safe-haven bonds and gold amid concerns affecting the health of the U.S. manufacturing activity.
Chinese EV stocks NIO, XPEV, and LI saw strong May delivery numbers, with NIO reporting a 234% increase in sales. Discounts and potential tariffs impact profits.
TDS announced definitive deal to sell OneNeck IT Solutions and Data Center Holdings to US Signal. Expected to close in Q3 2024, provides additional capital for TDS Telecom's fiber program.
BD (Becton, Dickinson and Company) will acquire Edwards Lifesciences' Critical Care product group for $4.2 billion in cash. This acquisition enhances BD's portfolio with advanced AI-enabled monitoring technologies, aiming to improve patient outcomes in critical care settings. The transaction is expected to boost BD's financial performance, delivering immediate accretive benefits and long-term revenue growth.
Blackstone reportedly considers sale of Japanese consumer healthcare firm Alinamin Pharmaceutical (previously owned by Takeda) for $1.9B, attracting interest from other firms.