|
|
|
|
|
26.03.26 - 15:43
|
Meta and Google Found Liable; Corebridge and Equitable Merge; Pony AI Swings to Profit (Bloomberg)
|
|
|
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Corebridge Financial and Equitable Holdings to combine in an all-stock merger, valuing the combined company at approximately $22 billion.
- Meta Platforms Inc. and Alphabet Inc.'s Google must pay damages to a 20-year-old woman who said her addiction to social media caused her mental health struggles, a jury concluded in a landmark decision that could signal hefty risks for the companies as they fight thousands of similar claims.
- Pony AI Inc. delivered its first profitable quarter ever, bolstered by a windfall from an early investment, rather than its main robotaxi business. (Source: Bloomberg)...
|
|
|
|
|
|
|
|
|
|
|
|
|
26.03.26 - 11:09
|
Corebridge Financial and Equitable Holdings Announce Transformational Merger (Business Wire)
|
|
|
Unites Two Customer-Centric Cultures Committed to a Shared Vision
Creates Leading Retirement, Life, Wealth and Asset Management Company with More Than 12 Million Customers and $1.5 Trillion in Assets Under Management and Administration
Offers Formidable Distribution Capabilities with Enhanced Scale and Portfolio Diversification
Delivers Higher Growth, Balanced Revenue Mix and Resilient Earnings Across Market Cycles
Robust Balance Sheet with Consistent Cash Generation
Immediately Accretive to Earnings Per Share and Cash Generation, with Over 10% Accretion by the End of 2028, Supported by More Than $500 Million of Synergies
Companies to Host Joint Conference Call Today at 8:00 a.m. EDTHOUSTON & NEW YORK--(BUSINESS WIRE)--Corebridge Financial, Inc. (“Corebridge”) (NYSE: CRBG) and Equitable Holdings, Inc. (“Equitable”) (NYSE: EQH) today announced that they have entered into a definitive agreement to combine in an all-stock merger, valuing the combined company at approximately $22 billion, based on the...
|
|
|
|
|
|
|
|
|
|
|
|
|
10.02.26 - 23:18
|
AIG Logs Lower Profit as Net Investment Income Slides (WSJ EN)
|
|
|
The insurance company said the decrease was primarily due to a change in unrealized losses related to AIG's ownership interest in Corebridge Financial and a gain from the divestiture of its global personal travel business in the prior year....
|
|
|
|
|
|
|
|
|
|
|
|
|
|