4 biotechs that could be the next takeout targets after AbbVie’s $63 billion acquisition of Allergan

4 biotechs that could be the next takeout targets after AbbVie’s $63 billion acquisition...

The US drugmaker AbbVie just announced a megadeal to buy the pharmaceutical company Allergan for about $63 billion. It's only the latest in a string of active healthcare deals this year, with Bristol-Myers Squibb's $74 billion proposed acquisition of Celgene and Eli Lilly's $8 billion agreement to buy the biotech Loxo Oncology in January. With…
‘Wizard of Oz’ Greg Coffey’s new fund is up up nearly 7% so far this year as he stages a comeback

‘Wizard of Oz’ Greg Coffey’s new fund is up up nearly 7% so far...

The hedge-fund world's "Wizard of Oz" has gotten off to a promising start in 2019 despite a tough environment for macro managers. Greg Coffey — the former star trader at GLG Partners and Louis Bacon's co-chief information officer at Moore Capital — saw his new fund, Kirkoswald Capital, return 6.9% year to date through the…
Hedge funds’ secret sauce is obscure data like satellite images. Here’s how the people in charge of spending millions on this data find the stuff worth buying.

Hedge funds’ secret sauce is obscure data like satellite images. Here’s how the people...

Roberto Jedreicich gets to the point. The decision-maker on all things alternative data at Credit Suisse's internal $650 million quant fund, QT, is flooded with pitches and meeting requests from new data vendors on the average day. But last week, at BattleFin's Discovery Day in the opulent Plaza hotel in New York, it was more…
Walmart reveals it’s planning an Amazon Prime Day counterattack with thousands of deals

Walmart reveals it’s planning an Amazon Prime Day counterattack with thousands of deals

Walmart is hoping to steal some fire from Amazon Prime Day. The retailer is planning to release thousands of "special buys" and "rollbacks" — which is Walmart's term for discounts — between July 14 and 17, a Walmart spokeswoman told Business Insider. Deals will include discounts of more than $100 on items like the HP…
The Obamas are making 7 new Netflix movies and TV shows — here are all the details, including when to expect the first movie

The Obamas are making 7 new Netflix movies and TV shows — here are...

Former President Barack Obama and former first lady Michelle Obama's production company, Higher Ground, announced in April its first wave of content for Netflix that includes docuseries and feature films. And now we know when the first of those projects will be released. "American Factory," a documentary Netflix acquired at this year's Sundance Film Festival,…
I checked out Honda’s $5 million private jet, one of the cheapest in the world, and saw just how much your money gets you

I checked out Honda’s $5 million private jet, one of the cheapest in the...

Honda unveiled its HondaJet Elite in 2018, aiming to provide a luxurious experience that's also relatively affordable. Starting at just over $5 million, the Elite is an updated version of its private jet, which was Honda's first foray into aviation and the product of 30 years of research. Read more: I flew on Honda's new…
Exclusive: Meek Mill on becoming the co-owner of sports apparel retailer Lids, and how Jay-Z changed his perspective on business

Exclusive: Meek Mill on becoming the co-owner of sports apparel retailer Lids, and how...

Adding the title "corporate co-owner" to his résumé, the rapper, entrepreneur, and criminal-justice-reform advocate Meek Mill is making his first move into the world of corporate ownership with an investment in the sports-apparel retailer Lids, he announced Wednesday in an exclusive interview with Business Insider. Mill, whose real name is Robert Williams, will become a…
I used credit card points to fly round-trip from the US to Spain in business class for only $232, thanks to an under-the-radar strategy

I used credit card points to fly round-trip from the US to Spain in...

If you could sit up front in a lie-flat business class seat for around the same price as economy class (just 34,000 points), would you do it? Of course you would. I know I would! What if you could do it for less than the price of economy class? At this point, you're probably paying…
From Greyhound to school buses, this map shows how much bus drivers make in every US state

From Greyhound to school buses, this map shows how much bus drivers make in...

Bus drivers are a crucial part of most cities' transit infrastructures, and the job is more lucrative in some states than others. The Bureau of Labor Statistics' Occupational Employment Statistics program publishes annual estimates of the median earnings for workers in the US employed in several hundred occupational groups around the country. The data includes…
A KFC franchise owner in a remote area of Australia thinks his restaurant is worthy of a Michelin star

A KFC franchise owner in a remote area of Australia thinks his restaurant is...

The owner of a KFC franchise in a remote area of Australia thinks his restaurant is worthy of a Michelin star. Sam Edelman, who runs an outpost for the popular American fried chicken chain in the northern town of Alice Springs, Australia, created a Facebook group called "Kentucky Fried Chicken deserves a Michelin Star" last…

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