July 20, 2020
Semiconductor maker Analog Devices (Tii:ADI) said on Monday it would buy rival Maxim (Tii:MXIM) for about $21 billion in the largest U.S. deal this year, aiming to boost its market share in automotive and 5G chipmaking.
Ford Motor (Tii:F) is taking a run at the nation’s No. 1 off-road seller, the Jeep Wrangler (Tii:FCAU), with its highly anticipated relaunch Monday night of the Bronco SUV — a boxy utility vehicle that developed a cult following after it was discontinued in 1996.
The Model Y price reduction is the second significant price cut Tesla (Tii:TSLA) has made to its vehicles in roughly six weeks. In late May, the company lopped $5,000 off the Model S and X and $2,000 off the Model 3, which some analysts viewed as a bearish signal of demand.
Moderna (Tii:MRNA) published results of a 45 patient trial in the New England Journal of Medicine that Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases (NIAID), said looks promising.
A European Union court on Wednesday delivered a hammer blow to the bloc’s attempts to rein in multinationals’ ability to strike special tax deals with individual EU countries when it ruled that Apple (Tii:AAPL) does not have to pay 13 billion euros ($15 billion) in back taxes to Ireland.
Fiat Chrysler Automobiles (Tii:FCAU) and Peugeot S.A. together will become "Stellantis" after their merger is complete next year, the companies announced Wednesday. This is a "major step" as the automakers move toward completing their 50-50 marriage outlined in a Dec. 18 agreement, according to a joint news release. Everything is expected to be finalized in early 2021.