Dominion Energy (D) – Dominion sold its natural gas transportation and storage system to Warren Buffett’s Berkshire Hathaway (BRK.B) for $ 4 billion, with Berkshire also assuming debt of $ 5.7 billion. In addition, Dominion and Duke Energy (DUK) abandoned their $ 8 billion pipeline project on the Atlantic coast after long legal delays that almost doubled the cost of the project.
Uber Technologies (UBER) – Uber has reached an agreement to purchase a Postmates food delivery service under a $ 2.65 billion share purchase agreement, according to several reports. Uber had been in talks earlier this year with Grubhub (GRUB) over a possible takeover agreement, but those talks failed.
Qiagen (QGEN) – One of Qiagen’s major shareholders told Reuters that the takeover deal agreed to by the medical device manufacturer in March is meaningless unless the offer is increased substantially. Qiagen agreed to be purchased by Thermo Fisher Scientific (TMO) for $ 11.5 billion in March, but demand for Qiagen’s coronavirus testing products has increased since then.
Fiat Chrysler (FCAU) – According to the Italian newspaper Il Sole 24, Fiat Chrysler could reduce the special dividend planned in the context of its merger with Peugeot, parent company of PSA Groupe, according to the Italian newspaper Il Sole 24. The automaker is trying to save money amid the impact of the COVID-19 pandemic on globalization auto sales.
Regeneron Pharmaceuticals (REGN) – Regeneron has declared that its cocktail of anti-antibody drugs to treat Covid-19 is entering phase 3 trials, less than a month after the start of treatment, phase 1. Separately, Regeneron and its partner Sanofi (SNY) said an American trial involving the use of their arthritis medication Kevzara to treat Covid-19 patients did not help these patients recover. The trial is now suspended.
Boeing (BA) – Another key test flight for the Boeing 737 Max on the ground could take place as early as this week, according to the Wall Street Journal. An “operational readiness review” will be conducted with the participation of government pilots and airline crews from around the world.
Netflix (NFLX) – Netflix had a solid library of black content before everyone else in Hollywood, according to an article in the New York Times today. According to the article, the rivals of the video streaming service are now struggling to catch up.
Spotify (SPOT) – Spotify was demoted to “underperform” from “market perform” to Bernstein, who said that although podcasts can increase the market share of the streaming service, it would not add much to net income.
Embraer (ERJ) – A union representing workers at the Brazilian aircraft manufacturer has filed a lawsuit to fire the company’s board of directors after a $ 4.2 billion deal to sell the majority of Boeing to Boeing Embraer’s commercial aviation unit. The union accuses the company of acting in bad faith, while Embraer said the union’s allegations were unfounded.
Harley-Davidson (HOG) – The motorcycle manufacturer has been rated “buy” in new coverage at Citi, which notes an attractive valuation and the potential for a significant turnaround under the company’s new CEO.
Tesla (TSLA) – JMP Securities has raised its price target to $ 1,500 per share, a street top, from $ 1,050, claiming that the automaker is able to generate $ 100 billion in annual revenue. here 2025.