UNCOVERED: 4 - The Untold Story

Egypt, Qatar Boost Relations through Commerce, Industry

Egyptian Minister of Commerce and Industry, Nevine Gamea held talks in Doha on Monday with Qatari Minister of State and Chairman of the Board of Directors of the Free Zones Authority Ahmed al-Sayed. The meeting addressed investment opportunities, their advantages, and ways to enhance cooperation between the two sides. Gamea…

Asharq Al-Awsat · Jun 21, 2022

MorphoSys Stock Skyrockets On Entering Equity Participation and License Agreements With HIBio

MorphoSys AG (NASDAQ:MOR) and Human Immunology Biosciences, Inc. (HIBio), a biotechnology company, have established an equity participation agreement and license agreements to allow HIBio to develop and commercialize MorphoSys’ felzartamab, an anti-CD38 antibody, and MOR210, an anti-C5aR1 antibody. HIBio is a biotechnology company based in South San Francisco that focuses on discovering and…

Benzinga · Jun 14, 2022

Merger Arbitrage Mondays - The Bidding War For Spirit Airlines (SAVE) Continues

After twelve new deals were announced during the prior two weeks, merger activity ground to a halt last week with no new deals announced. Oracle completed its massive $24.3 billion deal for healthcare software company Cerner and in a trend we have been seeing for several weeks, yet another SPAC…

Benzinga · Jun 13, 2022

Islamic Development Bank Targets Green Infrastructure Projects, Human Capital Development

Dr. Muhammad bin Sulaiman Al-Jasser, Chairman of the Board of Directors of the Islamic Development Bank (IsDB), said that the group was currently focusing on green infrastructure projects and human capital development, especially in light of climate challenges. In a press conference held on Thursday to launch the three-day activities…

Asharq Al-Awsat · Jun 3, 2022

Redbird Capital Buys Italian Football Club AC Milan

RedBird Capital Partners entered into a definitive agreement to acquire Associazione Calcio Milan (AC Milan) Club, newly crowned Champions of Serie A, from Elliott Advisors UK Limited, for 1.2 billion euros ($1.3 billion). The transition to new ownership will take place over the summer, with closing expected in September 2022. Elliott to retain a…

Benzinga · Jun 1, 2022

Chelsea sale: Board of directors' statement in full on Todd Boehly/Clearlake Capital takeover

Todd Boehly and Chelsea can finally move on and aid Thomas Tuchel in planning for what is set to be a very busy summer transfer window and new season for the Blues

Football London · May 30, 2022

King Salman Issues a Number of Royal Orders

Custodian of the Two Holy Mosques King Salman bin Abdulaziz issued on Sunday several royal orders. He relieved Dr. Tawfiq bin Fowzan bin Mohammed Al-Rabeeah, Chairman of the Board of Directors of Saudi Food and Drug Authority, of his post and appointed Fahd bin Abdulrahman bin Dahes Al-Jalajel in his…

Asharq Al-Awsat · May 30, 2022

Lovlina Borgohain elected as IBA Athletes Committee Chair

NEW DELHI: Olympics bronze medallist Lovlina Borgohain has been elected as the chair and a voting member on the Board of Directors for the Athletes' Committee, the International Boxing Association (IBA) said on Thursday.

The Times of India · May 26, 2022

Dick's Sporting Goods Clocks 7.5% Sales Decline In Q1; Cuts FY22 Outlook

Dick's Sporting Goods Inc (NYSE:DKS) reported a first-quarter FY22 sales decline of 7.5% year-over-year to $2.70 billion, beating the consensus of $2.59 billion. Comparable store sales decreased 8.4% versus 117.1% growth a year ago. The gross profit margin contracted 83 basis points Y/Y to 36.47%. The operating margin contracted 273 basis points to…

Benzinga · May 25, 2022

Why Dole Shares Are Plunging Today

Dole PLC (NYSE:DOLE) reported first-quarter FY22 sales growth of 113.5% year-on-year, to $2.25 billion, missing the consensus of $2.32 billion. On a pro-forma comparative basis, revenue decreased marginally, primarily due to a decrease in Fresh Vegetables resulting from the Value Added salads product recall in January and February 2022 and negative foreign currency…

Benzinga · May 24, 2022