July 20, 2020
Chipmaker Analog Devices to Buy Maxim Integrated
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 unveils new Bronco as off-road, open-air Jeep rival
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.
Tesla Shaves $3,000 Off Model Y Price Months After Sales Start
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.
Will Moderna Beat Oxford To Produce The First Covid-19 Vaccine?
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.
Apple wins big EU court case over $15 billion in taxes
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.
FCA to change name to Stellantis after merger with PSA in 2021
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.
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