Acquisition

Shares Of SPAC Behind Trump Social Media Company Jump 400%

The share price of a special purpose acquisition company (SPAC) that plans to merge with a media group connected to former President Donald Trump quintupled on Thursday, following an announcement late Wednesday night that Trump planned to launch a new social media company.

President Trump Launches Media Platform ‘Truth Social’

Trump's new social media platform will feature a subscription video service and will "stand up to the tyranny of big tech."

The Prospect of a National Divorce

Are red and blue America headed for a split?  Lately, Dan Bongino has discussed the possibility on his daily podcast and radio show.  Glenn Beck has mentioned it, too. It’s a focused topic of David Reaboi, whom Bongino cites.

Biden Family Business Tied to $Trillions in Lithium Acquired by China through U.S. Afghanistan Withdrawal

Biden's withdrawal from Afghanistan left the county's $3 trillion in lithium reserves to China and its state-controlled equity firms like Hunter Biden's Bohai, which owns the world's largest lithium-ion battery maker.

Chinese Acquisition of Semiconductor Firm Poses Security Risks, US Treasury Warns

The U.S. Treasury Department said the sale of Magnachip Semiconductor Corp. to a Chinese private equity firm poses “risks to national security,” as Chinese investments in critical technologies meet with enhanced U.S. scrutiny.

Philip Morris International raises bid to acquire drug manufacturer Vectura

Philip Morris International has raised its bid against Carlyle to acquire Vectura, a U.K.-based drug manufacturer specializing in inhaled medicines, to 1.02 billion pounds ($1.41 billion). The U.K.'s Takeover Panel said that the deal could enter a rare head-to-head auction.

$2.7M government grant goes toward fetal tissue harvesting, report says

According to documents obtained through a Freedom of Information Act request, at least $2.7 million from the Department of Health and Human Services (HHS) has gone to support a project at the University of Pittsburgh that includes the possible removal of organs and tissue from pre-born babies who are still alive.

BuzzFeed lays off 47 HuffPost workers weeks after acquisition

On Tuesday, less than a month after the acquisition went through, BuzzFeed laid off 47 workers at HuffPost and closed the publication’s Canadian edition.

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