gamestop made an unsolicited $56bn offer for ebay, offering $125 a share for the resale web giant. the video game retailer's bid is a big swing — ebay's market cap was around $45bn before the news. no word yet on how ebay's board will respond, or whether gamestop has financing lined up. the offer is a bet that gamestop can pivot hard from physical game sales into the broader secondhand marketplace.
source: ft_home
sentiment: +0.30 · impact: 0.70
oil started the week higher on a disputed claim of an iranian strike on a u.s. navy ship in the strait of hormuz. the report, which hasn't been confirmed by u.s. officials, added fresh volatility to crude markets. the strait of hormuz is a key chokepoint
source: marketwatch_top sentiment: -0.70 · impact: 0.80
kevin warsh, trump's pick to lead the fed, is drawing confusion from six former fed officials over his views on fed independence. the sticking point: he draws a line between monetary policy — which he says should be "strictly independent" — and "non-monetary matters" like international
the weight-loss and diabetes drug boom is creating a bubble risk for pharma, according to a deloitte report out monday. r&d returns for the top 20 pharma companies hit 7% for a third straight year, driven almost entirely by glp-1 drugs like wegovy and zepbound. strip those out
