Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Shares of Ariad Pharmaceuticals (NASDAQ: ARIA) surged higher after-hours Wednesday, on a report from the UK Daily Mail that at least three international big pharma companies, including Eli Lilly have approached the Oncology company regarding a potential buyout. The suitors are prepared to pay as much as $20 per share for Ariad, according to the rumor.Spokespersons for Ariad and Eli Lilly were not available for comment.Ariad Pharmaceuticals closed Wednesday at $6.71, and traded near $7.40 after-hours.Report Loral Exploring SaleThe Rumor:
Shares of Loral Space & Communications (NASDAQ: LORL) spiked over $82.00 Wednesday on a report from Reuters on a report the company is exploring a sale, according to sources. Loral is reportedly working with Credit Suisse as an advisor to handle a potential deal.A source is also saying Loral, whose largest shareholder is Mark Rachesky's MHR Fund Management, is talking to Telesat shareholder, Canada's Public Sector Pension Investment Board, about the possibility of a Telesat sale.Loral Space & Communications closed Wednesday at $78.04, a gain of almost 3%.Luna Sells Shape-Sensing Technology for Medical Applications to Intuitive Surgical for Up to $30MThe Deal:
Luna Innovations (NASDAQ: LUNA), announced Wednesday the sale of its shape-sensing technology for medical applications to Intuitive Surgical (NASDAQ: ISRG) for up to $30 million. Luna will receive $12 million upfront in two tranches, plus up to an additional $18 million, based on certain technical milestones and commercial measures.Luna Innovations closed Wednesday at $2.50, a gain of 89% on 131 times average volume.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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