TPG and Blackstone Inc (NYSE:BX), two private equity firms, have made a non-binding offer of more than $16 billion to take medical equipment-maker Hologic Inc (NASDAQ:HOLX) private, according to a media report from the Financial Times.
Citing people with knowledge of the matter, the publication said Massachusetts-based Hologic has rejected the offer.
Block Inc (NYSE:SQ) announced that it has introduced a pilot program for real-time Bitcoin payments through Square at the Bitcoin 2025 conference in Las Vegas.
The program allows attendees to purchase merchandise such as T-shirts, hoodies, and hats at the BTC Inc. pop-up shop using Bitcoin via QR code payments.
Sharplink Gaming (NASDAQ:SBET), an online performance marketing company working with sportsbooks and online casino gaming operators, has announced a $425 million private investment in public equity (PIPE) deal, the proceeds of which will be used to support its adoption of Ethereum as its primary treasury reverse asset.
The news saw shares of Minnesota-based Sharplink pop more than 530% to about $42 on Tuesday afternoon.
AMC Entertainment Holdings (NYSE:AMC) shares soared after the cinema chain reported record weekend revenue over Memorial Day, driven by strong openings from Disney’s Lilo & Stitch and Paramount's Mission: Impossible – The Final Reckoning.
It set all-time weekend records for admissions revenue, food and beverage revenue and overall revenue at its US locations.
Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF) has announced the launch of Blockmate Mining, a wholly-owned Bitcoin mining subsidiary based in Wyoming.
The company said Blockmate Mining will focus on large-scale digital asset infrastructure, beginning with an initial deployment of 10 megawatts (MW) and aiming to scale up to 200MW.
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has been named one of the initial certified operators under the Association for Uncrewed Vehicle Systems International (AUVSI) Trusted Uncrewed Maritime Systems (UMS) Operator Program.
The certification program, developed by AUVSI in partnership with industry stakeholders, sets a standardized benchmark for training, proficiency, and safety in the operation of uncrewed maritime systems.
Sona Nanotech Inc (CSE:SONA, OTCQB:SNANF) announced positive results from a preclinical safety study evaluating the toxicity of its proprietary gold nanorods, fulfilling a prerequisite required by the US Food and Drug Administration (FDA) for advancing to full human clinical trials.
The study assessed the safety, tolerability, and tissue distribution of Sona’s gold nanorods in three groups of twenty rats, each administered different dosage levels intravenously.
Shares of Rocket Pharmaceuticals (NASDAQ:RCKT) sank nearly 60% on Tuesday morning after the company disclosed that the US Food and Drug Administration had placed a clinical hold on its pivotal Phase II trial for Danon disease, a rare genetic heart disorder, following the death of a patient in the study.
The patient experienced a serious adverse event (SAE) of capillary leak syndrome and subsequently died due to an acute systemic infection, according to reports.
PDD Holdings Inc (NASDAQ:PDD), the parent company of discount online retailer Temu, saw its US-listed shares plunge in early trade on Tuesday as its quarterly earnings fell short of expectations.
For the first quarter, profit fell by 47% to RMB14.74 billion (US$2.03 billion), down from RMB28 billion in the year-ago quarter.
Salesforce Inc (NYSE:CRM, ETR:FOO) announced that it has signed a definitive agreement to acquire Informatica (NYSE:INFA), a leader in cloud data management, in an $8 billion all-cash deal aimed at accelerating its artificial intelligence (AI) capabilities.
The company will pay $25 per share for Informatica, significantly below the mid-$30s per share price previously discussed in April.