01:02 PM EST, 01/17/2025 (MT Newswires) -- Clearwater Analytics' ( CWAN ) purchase of Enfusion ( ENFN ) is a major step in creating a comprehensive front-to-back investment management software provider, Morgan Stanley said in a note Friday. Management's projected synergy targets do not fully reflect higher gross margins or revenue synergies, which could generate mid-single-digit earnings per share accretion...

PepsiCo, Inc. ( PEP ) shares are trading slightly higher on Friday. Today, the snacks and beverages behemoth landed in hot water after facing legal action from the Federal Trade Commission (FTC), which alleges that the company has engaged in illegal price discrimination. According to the FTC’s complaint, Pepsi has been providing unfair pricing advantages to one of its largest...

01:03 PM EST, 01/17/2025 (MT Newswires) -- (Updates with response from Bank of America ( BAC ) spokesperson in the seventh and eighth paragraphs.) Wells Fargo's ( WFC ) clearing unit will pay a $28 million civil penalty, while its financial advisory subsidiary will pay $7 million, the US Securities and Exchange Commission said Friday. The penalties settle charges that...

01:03 PM EST, 01/17/2025 (MT Newswires) -- The U.S. Food and Drug Administration has granted a tentative approval to Amneal Pharmaceutical's generic rifaximin (gXifaxan) 550mg abbreviated new drug application (ANDA). RBC notes this is the third such tentative approval for a generic rifaximin 550 mg ANDA. RBC analyst Douglas Miehm forecasts a generic Xifaxan for the irritable bowel syndrome with...