01:19 PM EDT, 07/02/2024 (MT Newswires) -- UBS is initiating coverage of Canadian banks with a cautiously optimistic view UBS has two Buys (Royal Bank, National Bank) and four Neutrals (TD, CIBC, Scotiabank, BMO). The Canadian banks have strong balance sheets, solid capital positioning and diversified business mix, which provides resilience amidst slowing revenue growth and rising credit costs, UBS...

01:19 PM EDT, 07/02/2024 (MT Newswires) -- Healwell AI (AIDX.TO), a healthcare technology company, said Tuesday that it has closed the purchase of VeroSource Solutions, a healthcare-software company, and BioPharma Services, a full-service CRO specializing in early clinical trials. Healwell's pro-forma annualized revenue run rate is now expected to be more than $65 million per year. The total consideration paid...

01:27 PM EDT, 07/02/2024 (MT Newswires) -- (Updates with details throughout.) The US Federal Trade Commission has voted to block Tempur Sealy International's ( TPX ) $4 billion acquisition of Mattress Firm, the regulator said Tuesday. The Commission voted 5-0 to challenge the deal, saying it would give Tempur Sealy ( TPX ) the ability and incentive to suppress competition...

HOUSTON (Reuters) - Oil refiner CVR Energy, controlled by billionaire investor Carl Icahn, has submitted a binding offer in an ongoing auction of shares in the parent of Venezuela-owned Citgo Petroleum, according to three people familiar with the matter. Icahn controls about 66% of shares in CVR, based in Sugar Land, Texas. CVR operates two U.S. refineries, the 115,000 barrel-per-day...