Meta Platforms has acquired a nearly 3% stake in EssilorLuxottica, the owner of Ray-Ban and Oakley, a person with knowledge of the transaction said. The investment is valued at approximately €3 billion, or $3.52 billion at today’s prices. This is Meta’s largest direct bet to date into wearable technology. The acquisition demonstrates how committed Meta…
Pharmaceutical behemoth Merck is said to be in the process of sealing a $10 billion acquisition of Verona Pharma, a biotech firm specializing in lung disease drugs. The Financial Times revealed the news on Wednesday, based on sources close to the situation. Merck would pay about $107 for each American depository share of Verona, according…
Imagine you are walking into an important meeting and feeling very confident and different. You don’t feel uncomfortable, you are not thinking too much, and you speak everything you want with grace. Surprising, right? What has changed? This transformation shows a truth that many working professionals are just beginning to understand – the foundation of…
Boeing reported a strong performance in June delivering 60 commercial aircraft, which is a 27% increase compared to the same month last year. The total includes eight jets for Chinese customers, marking the first such deliveries to China since it lifted a ban in May to ease trade tensions with the US. China stopped accepting…
The US government could bring in $300 billion in tariff revenue by the end of 2025, Treasury Secretary Scott Bessent said on Tuesday. Speaking at the White House Cabinet meeting, he said the US has already collected about $100 billion this year. The increase in collections comes after President Donald Trump expanded tariffs in the…
US stocks closed the Tuesday trading session mostly lower as investors stayed cautious ahead of more clarity on President Donald Trump’s recent tariff threats. The S&P 500 went down by 0.07% and the Dow Jones Industrial Average slipped by 0.37%. The Nasdaq managed to move up by 0.03%. Markets have been volatile since Monday, as…
In a major trade move, former U.S. President Donald Trump announced plans to impose a 50% on copper reports to the US. This session was made to boost domestic copper production and reduce dependence on foreign suppliers. After Trump’s comments, copper futures on the US Comex jumped 12% reaching a record high. Industry experts say…
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