NEW YORK (Reuters) - Elliott Investment Management's managing director Jesse Cohn said on Wednesday he believes e-commerce platform Etsy ( ETSY ) will generate significant, multi-year upside. Elliott, one of the world's most prominent investors, has a 13% economic stake in Etsy ( ETSY ), including both common shares and swaps, a person familiar with the matter told Reuters in...

SEOUL (Reuters) - Samsung Electronics ( SSNLF ) is expected to post a near nine-fold increase in first-quarter profit from a year earlier as rebounding semiconductor prices lift earnings from a low base caused by a severe chip downturn. Operating profit for the world's biggest maker of memory chips and TVs likely rose to 5.7 trillion won ($4.24 billion) in...

05:43 PM EDT, 04/03/2024 (MT Newswires) -- Apollo Global Management ( APO ) is considering to finance Saks Fifth Avenue's potential acquisition of rival Neiman Marcus, Bloomberg reported Wednesday, citing people with knowledge of the matter. The alternative asset manager is in discussions to provide a loan of at least $1 billion, the report said. The financing may also involve...

05:46 PM EDT, 04/03/2024 (MT Newswires) -- MacroGenics ( MGNX ) said late Wednesday that interim safety data from the phase 2 trial of vobra duo in people with metastatic castration-resistant prostate cancer is set for end-May release after a company abstract wasn't accepted by the American Society of Clinical Oncology for presentation at a meeting starting May 31. Interim...