BlackRock, Inc. ( BLK ) plans to acquire private markets data data solutions provider Preqin for £2.55 billion ($3.2 billion) in cash. This acquisition enhances BlackRock’s investment technology by adding a complementary data business and expanding into the emerging private markets data segment. With over 20 years of experience, Preqin covers 190,000 funds, 60,000 fund managers, and 30,000 private markets investors,...

06:24 AM EDT, 07/01/2024 (MT Newswires) -- Truist Financial Corporation ( TFC ) said late Friday its board has approved a stock repurchase plan of $5 billion common shares. The authorization is valid through 2026 with repurchases expected to begin in Q3, the company said. Price: 38.96, Change: +0.11, Percent Change: +0.28 ...

(Reuters) - Artificial intelligence-focused companies, mostly chipmakers, saw big gains in their market capitalization at the end of June, with Nvidia ( NVDA ) briefly overtaking Microsoft ( MSFT ) to become the most valuable company in the world. Nvidia ( NVDA ) shares rose as much as 27% in June, boosting its market capitalization to $3.34 trillion, before giving...

06:25 AM EDT, 07/01/2024 (MT Newswires) -- Alvotech ( ALVO ) on Monday reported preliminary Q2 revenue of $196 million to $201 million as a result of top-line clinical results and new product launches. Shares of the generic drug company were up more than 3% in recent Monday premarket activity. Price: 12.60, Change: +0.44, Percent Change: +3.62 ...