The weight loss drug market is expected to see more changes in 2024 as demand continues to rise, but supply issues persist and new players enter the market.
Spanish golfer Jon Rahm shocks the industry by signing with the Saudi-backed LIV Golf league, departing from the PGA Tour. The move is speculated to be a part of the ongoing power struggle between PGA Tour and LIV Golf.
Shares of iRobot, the maker of Roomba vacuums, surged by about 39% as the European Union is set to approve Amazon’s $1.7 billion acquisition of the company.
iRobot’s stocks surged 30% on news of a potential acquisition, while Nvidia shares fell 1.8% due to export restriction delays. Apple saw a 0.2% drop in shares after a decline in smartphone sales during China’s Singles Day, and retail stocks like Walmart and Target also saw increases as investors monitored Black Friday trends.
Broadcom is set to complete its $69 billion acquisition of VMware after receiving regulatory clearance from various countries, marking one of the largest technology deals. The acquisition aims to solidify Broadcom’s position in the cloud computing market.