The Federal Trade Commission (FTC) announced Thursday that it would be suing to block Microsoft's (NASDAQ: MSFT) acquisition of video game publisher Activision Blizzard (NASDAQ: ATVI). In the complaint it filed today, the regulatory body alleged the deal would allow Microsoft to suppress competition to its gaming platforms and services. Despite the FTC's challenge to the pending acquisition, Microsoft stock still ended the day up roughly 1.2% thanks to gains for the broader market that helped lift technology stocks. Read More...
Motley Fool
Why Shares of Cano Health Are Slumping This Week
Shares of Cano Health (NYSE: CANO) were down as much as 35.6% this week and were still down 31.2% for the week as of late Thursday afternoon, according to data from S&P Global Intelligence. The stock fell even further after investment advisor Third Point, run by Dan Loeb, worried about Cano’s liquidity, sold its remaining 3.5% stake in the company, according to a Bloomberg report. Cano, as of the third quarter, reported only $24 million in cash and cash equivalents.
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