CVS Plans to Bid for Signify Health

CVS Health is seeking to buy Signify Health according to people familiar with the matter, as the drugstore and insurance giant looks to expand in home-health services. Signify Health is exploring strategic alternatives including a sale, The Wall Street Journal reported this past week. Initial bids are due this coming week and CVS is planning … Read more

Judge in Twitter, Elon Musk Case Known for Quick Work

The judge who will decide whether Elon Musk should have to buy Twitter Inc. has a record of quickly deciding urgent cases over imperiled corporate deals and has ordered buyers to close deals they wanted to ditch. Chancellor Kathaleen McCormick, a 42-year-old who loves Notre Dame football and co-founded a charter school that her children … Read more

Pfizer in Advanced Talks to Buy Global Blood Therapeutics for About $5 Billion

Pfizer is in advanced talks to buy Global Blood Therapeutics the maker of a recently approved drug for sickle-cell disease, for about $5 billion, in the latest move by the drug giant to bolster its portfolio and pipeline. Pfizer is aiming to seal a deal for GBT in the coming days, according to people familiar … Read more

Elon Musk Alleges Twitter Fraud in Countersuit Filed in Delaware

Elon Musk accused Twitter of fraud, saying the company misrepresented the condition of its business and key metrics about the users on its platform before he agreed in April to acquire the company for $44 billion. Mr. Musk said in a countersuit made public Thursday that he decided to terminate the merger agreement after learning … Read more

JetBlue Reports Loss as Costs Surge

JetBlue Airways lost money in the second quarter as its expenses soared, but the airline said it is turning a corner and expects to become profitable in the third quarter. JetBlue faced operational stumbles in the spring and made sharp cuts to its flying plans in order to get a handle on the problems. The … Read more

Market Mayhem Triggers Deal-Making Drought – The Wall Street Journal

Market Mayhem Triggers Deal-Making DroughtThe Wall Street Journal

How JetBlue Prevailed in Fight With Frontier for Spirit Airlines

For months, Spirit Airlines fended off JetBlue Airways advances in an attempt to preserve its deal with Frontier Group Holdings In late June, its defenses started to crack. Ted ChristieSpirit’s chief executive, and Mac Gardnerits chairman, flew to New York the first week of July to meet their counterparts at JetBlue in a hotel near … Read more

Market for Stakes in Private-Equity Managers Resists Broad Slowdown

Sales of minority interests in private-fund managers have so far this year held up through market turmoil, although buyers have become pickier about which firms they back, people who work on these deals say. The level of demand for so-called general-partner stakes—non-controlling investments in which the buyer typically gets a portion of a fund manager’s … Read more

Drugmakers Hope New Heart Drugs Boost Sales, Revive Market

The once lucrative heart-drug market is now poised to make a comeback, but at the cost of heavy investments in research and deal making. After watching lower-priced generics seize sales of once-highflying blood-pressure, cholesterol and other heart drugs, companies struggled to discover replacements and then win reimbursement for five-figure prices. Drugmakers are now rolling out … Read more

Amazon Faces Fierce Competition in Health Ambitions After One Medical Deal

Amazon Inc. wants to bring healthcare into the “Everything Store.” It might become one of the most difficult expansions in the company’s history. The technology giant’s acquisition of 1Life Healthcare which operates a primary-care practice under the name One Medical, will give Amazon more than 180 clinics with employed physicians across roughly two dozen US … Read more