(Adds details on Trillium’s drug candidates, share movement) Aug 23 (Reuters) – Pfizer Inc said on Monday it would buy Canadian drug developer Trillium Therapeutics Inc in a $2.26 billion deal to strengthen its arsenal of blood cancer therapies. Pfizer, which acquired a $25 million stake in Trillium last year, will buy the remaining outstanding shares for $18.50 apiece, representing a 203.8% premium on the stock’s last closing price. Pfizer expects to benefit from Canada-based Trillium’s… Source link
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If Amazon (AMZN) truly wants to get into the department store business, it may have an easier option to consider than trying to build out large locations across various parts of the country. In fact, the option would be pretty turnkey, fancies one long-time retail strategist. “Amazon should be out there buying Kohl’s. They’ll get their 1,000 stores in one felt swoop, and they can put anything they want into them. The stores on average are 25,000 square feet bigger than they need to be,”… Source link
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In this article, we discuss the 10 best stocks to buy according to billionaire Mario Gabelli. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Stocks to Buy According to Billionaire Mario Gabelli. Mario Gabelli, the chief of New York-based GAMCO Investors, has a net worth of close to $2 billion and manages more than $11.7 billion in assets through his hedge fund that focuses on investments in the industrial and consumer goods sectors of the economy…. Source link
Read More »Here's the Top Hidden Tech-Stock Gem to Buy Now – Motley Fool
Shares of Yandex (NASDAQ:YNDX) have had a fantastic run-up in the past five years with a return of 192.7%, far outpacing the S&P500‘s 125% during the same period. It was one of the biggest private enterprises to emerge from the ashes after the fall of the Soviet Union. The popular search engine and conglomerate has taken countries in the former Soviet Union by storm, accumulating 59.7% market share in the region stretching from Minsk in the west to… Source link
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Read More »Don’t buy a car just yet: Rodo CEO
Americans should be cautious before buying a car amid high prices and low inventory within the automotive industry, Rodo CEO Nathan Hecht said in an interview with Yahoo Finance. “I think the only reason you buy into this market today is if you really need a car,” Hecht said. “As we get into September, October, November, new car inventories should start to replenish, not to their normal levels, but just replenish as factory output increases.” Demand for both new and used cars is on the… Source link
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