Stocks to Watch recap highlights Intel, Samsung, PepsiCo, TSMC
A Wall Street Journal recap cited sector moves tied to chip and consumer updates, including Samsung profit guidance, TSMC September sales, PepsiCo outlook changes and a Pacira deal.
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A Wall Street Journal recap cited sector moves tied to chip and consumer updates, including Samsung profit guidance, TSMC September sales, PepsiCo outlook changes and a Pacira deal.
Dow Jones’ 5 p.m. ET roundup highlights a series of company updates, including Microsoft’s new Xbox unit, PepsiCo’s outlook cut, Viatris’ planned Pacira BioSciences acquisition and Samsung’s profit outlook.
Viatris announced a plan to buy Pacira Biosciences for $1.65 billion, driving Pacira shares up while Viatris shares fell.
Dow Jones Newswires listed a series of corporate and regulatory headlines, including Microsoft, PepsiCo, Devon Energy, Viatris and Samsung. The package also included legal, production and deal updates across several companies.
Viatris said it will acquire Pacira BioSciences for $1.65 billion in cash, or $36.50 a share, a roughly 45% premium to Pacira's Wednesday close. The deal is expected to close by year-end and was followed by a 44% jump in Pacira shares and a 2.2% decline in Viatris.
PepsiCo cut its full-year earnings outlook as inflation, higher advertising costs and continued weakness in North America weighed on results. The company said it is working to reduce expenses and revive sales.
Viatris Inc. (NASDAQ: VTRS ) announced Thursday that it agreed to acquire Pacira BioSciences Inc. (NASDAQ: PCRX ) for $1.65 billion, strengthening its position in non-opioid pain management. Under the agreement, Viatris will pay $36.50 per share in cash for all outstanding Pacira shares. Viatris reported $886.5 million
Viatris said it will acquire Pacira BioSciences for $1.65 billion, or $36.50 a share, in cash. The company expects the deal to close by year-end and to have a minimal impact on gross leverage.
PepsiCo cut its full-year earnings outlook, citing inflation, higher advertising costs and continued weakness in North America. The company said it is working to reduce expenses and revive sales.
PepsiCo said its North American unit underperformed and trimmed its outlook. The company reported fiscal third-quarter profit of $3.05 billion, or $2.23 a share, versus $2.6 billion, or $1.90 a share, a year earlier.
Viatris will pay $36.50 per share in cash for Pacira BioSciences, a roughly 45% premium to Pacira’s prior close, in a deal set to close by year-end.