Eli Lilly and Company ( LLY ) and Adverum Biotechnologies, Inc. ( ADVM ) on Friday announced that they have entered into a definitive agreement under which Lilly will acquire Adverum Biotechnologies ( ADVM ), including its lead product, Ixo-vec. Acquisition Terms and Contingent Value Rights (CVR) Under the merger terms, Eli Lilly ( LLY ) will launch a tender...

11:13 AM EDT, 10/24/2025 (MT Newswires) -- Intel's ( INTC ) significant upside in its Q3 results released late Thursday, especially in margins, was encouraging, Morgan Stanley said in a note Friday. The company's Q3 gross margins were notably better, and there are strong conditions evident throughout the businesses, the note said, adding demand for microprocessors is pretty good. The...

11:14 AM EDT, 10/24/2025 (MT Newswires) -- Eli Lilly ( LLY ) has agreed to acquire Adverum Biotechnologies ( ADVM ) , which is developing a therapy to treat vision loss, in a deal worth up to $12.47 per share, the companies said in a joint statement Friday. Adverum's lead product candidate, Ixo-vec, is in a phase 3 trial for...

11:13 AM EDT, 10/24/2025 (MT Newswires) -- Ford Motor's ( F ) 2025 adjusted earnings before interest and taxes, or EBIT, guidance drew lots of investor attention, but its underlying business is strong, performing $1 billion ahead of the assumptions provided in Q4, analysts at BofA Securities said in a Friday note. The company projects adjusted EBIT at $6 billion...