Novo Nordisk, the Danish drugmaker that’s now the second-largest company in Europe by market capitalization, on Thursday reported a 46% rise in profit and lifted its outlook for the year.
: SpaceX valuation rose by 12%, says fund where rocket launcher is top holding
SpaceX’s valuation rose by 12% over the last year, according to a fund where the rocket launching company founded by Elon Musk is its top holding.
: Tapestry near deal to buy Capri, parent company of Michael Kors and Versace: report
Fashion company Tapestry Inc. is close to a deal to buy Capri Holdings Ltd., the parent company of Michael Kors, Jimmy Choo and Versace, the Wall Street Journal reported late Wednesday.
MarketWatch First Take: Disney continues to ruin streaming in pursuit of the almighty dollar
Walt Disney Co. Chief Executive Bob Iger wants the company’s streaming business to be more like Netflix, but he may further ruin it in his pursuit.
: Penn spent some $550 million on Barstool Sports. Dave Portnoy got it back for $1.
Penn Entertainment on Wednesday said it sold Barstool Sports back to founder Dave Portnoy for one dollar.
Dow Jones Newswires: Trump’s social media company, Digital World extend merger deadline to Dec. 31
Digital World Acquisition Corp. and Trump Media & Technology Group agreed to push back the deadline to complete their planned merger.
Key Words: Disney looking to crack down on password sharing, following Netflix’s lead
Pour another one out for streaming freeloaders.
Earnings Results: Applovin stock skyrockets 25% after company posts surprise profit, higher revenue
Applovin shares rally after surprise profit and revenue beat, which the software company chalked up to a “successful” roll-out of its newest advertising product.
: Kenvue, the J&J spinoff, will join the S&P 500 index
Kenvue Inc., maker of Tylenol, Benadryl and other household names in health-care products, is joining the S&P 500 index, index provider S&P Dow Jones Indices said late Wednesday.
Earnings Results: The long-simmering rumor of Apple buying Disney is resurfacing as Bob Iger looks to sell assets
When asked specifically about Apple, Disney CEO Robert Iger testily said he would not “speculate” on the sale of Disney to a technology company or anyone else.
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