U.S. defense and infrastructure technology contractor Parsons Corp. (PSN) announced on Monday that it has won a $184 million contract to support the U.S. Navy's Intelligence Carry-On Program. The single-award, indefinite-delivery/indefinite-quantity contract covers work on ICOP, a portable ruggedized...
Monday, Fox Corporation (FOX) announced an agreement to acquire Roku, Inc. (ROKU) for $160.00 per share in a cash-and-stock deal, valuing the latter at approximately $22 billion in enterprise value. As per the terms of the deal, FOX will pay $96.00 in cash and 0.9693 shares of FOX Class A common...
European giants Germany and Sweden recorded big wins in a free-scoring fourth day of action at the FIFA World Cup 2026 as 19 goals flew in venues across the United States. Germany trounced tiny Caribbean island country of Curacao by 7-1 in a Group E match at Houston Stadium Sunday. After Felix Nmecha had fired Germany in front early on, the Concacaf debutants drew level through Livano Comenecia
Biotechnology company Elicio Therapeutics, Inc. (ELTX) announced Monday that the Phase 2 AMPLIFY-7P study evaluating ELI-002 7P in patients with adjuvant mKRAS-driven pancreatic ductal adenocarcinoma (PDAC) did not meet the pre-specified primary endpoint of disease-free survival (DFS) in the intent-to-treat...
Peabody Energy Corp (BTU) on Monday said it has terminated its 2020 Transaction Support Agreement with surety providers and entered into new indemnification agreements to support its U.S. mine reclamation obligations. The company also established asset-backed surety facilities for its Australian reclamation...
American Express Company (AXP), an American payments and travel company, said on Monday that it has planned to buy TheFork, an online restaurant reservation and management platform, from Tripadvisor, Inc. (TRIP), for $700 million in cash. The proposed transaction is expected to be closed before the...
Alkermes plc (ALKS) announced that alixorexton, an investigational, oral, selective orexin 2 receptor agonist in development for the treatment of narcolepsy type 1, narcolepsy type 2 and idiopathic hypersomnia, was recently granted orphan drug designations from leading regulatory bodies. The FDA has...
Generac Holdings Inc. (GNRC), an energy technology and power products company, on Monday announced the acquisition of a facility in Belvidere, Illinois, to expand its packaging capacity for large-megawatt generators. The financial terms of the transaction were not disclosed. The investment is expected...
Monday, Housecall Pro announced that its Chief Executive Officer, Michael Beaudoin, has stepped down from the position, and he will now assume the role of Chairman of the Board of Directors. The AI-powered field service platform has appointed Stan Chia as its new CEO. Chia most recently served...
Genco Shipping & Trading (GNK) urged shareholders to vote for Genco's directors; withhold on Diana Shipping Inc.'s nominees; and for the Genco Board's recommendations on other proposals. The deadline to vote is June 17, 2026. The company said Diana's offer is not in the best interests of Genco shareholders,...
Johnson & Johnson (JNJ) announced an investment of more than $1 billion in Jacksonville, Florida to strengthen its Vision operations by scaling U.S.-based manufacturing, packaging and distribution capabilities. The company noted that the announcement is part of the previously announced $55 billion U.S....
Krispy Kreme, Inc. (DNUT) on Monday unveiled its Summer Seasonal Collection, featuring new doughnuts and frozen lemonade drinks available for a limited time at participating U.S. locations starting June 16. The summer lineup includes the new Original Glazed Strawberry Cake Doughnut and Lemon Bar Doughnut,...
Gilat Satellite Networks Ltd. (GILT), a satellite communications technology company, on Monday announced a definitive agreement to acquire the majority of the Satellite & Space Communications segment of Comtech Telecommunications Corp. (CMTL) for $157.5 million in cash on a cash-free, debt-free basis. The...
Edge Total Intelligence Inc. (CTRL.V, UNFYF) Monday said that it has won contracts worth $1.2 million from Austal USA to provide data integration for the U.S. Navy's Digital Secure Exchange for Additive Platform. The contracts cover edgeTI's edgeCore digital twin software, which will serve as the...
The United States and Iran have agreed to a peace deal to end the Middle East war. The agreement will be signed on this Friday in Geneva, Switzerland. The diplomatic breakthrough came hours ahead of President Donald Trump's departure to Europe for the G7 summit. He announced that the Strait of Hormuz will reopen after the agreement is signed and the United States will lift its naval blockade of
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.