Weekly news digest. Pfizer is acquiring Arena Pharmaceuticals – the shares of the two companies increased in value following the announcement. Musk sold more Tesla shares, thereby dropping the capitalisation of the company. The US indices reacted to the publication of the PPI and the Fed session outcome. Adobe Systems reported its Q4 2021 financial performance.
Weekly news digest. Alibaba announced the reorganisation of its e-commerce business, and a leadership change in its chief financial officer (CFO) role. Intel is planning to take Mobileye public in the US in mid-2022 via an IPO. SEC initiated an investigation against Tesla. Apple shares reached an all-time high following a forecast by a Morgan Stanley analyst.