Author: Daniel snow

Regeneron Pharmaceuticals to buy 23andMe and its data for $256 million

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A view of the 23andMe headquarters in Sunnyvale, California, on March 25, 2025.Tayfun Coskun | Anadolu | Getty ImagesRegeneron Pharmaceuticals on Monday announced it will acquire “substantially all” of 23andMe’s assets for $256 million.The drugmaker participated in a bankruptcy auction for 23andMe, a once high-flying genetic testing company that filed for for Chapter 11 bankruptcy protection in March. Regeneron is buying 23andMe’s Personal Genome Service, Total Health and Research Services business lines, according to a release.”We believe we can help 23andMe deliver and build upon its mission to help people learn about their own DNA and how to improve their…

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E-commerce logistics startup Stord acquires UPS subsidiary

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Imaginima | E+ | Getty ImagesLogistics startup Stord said Monday that it’s buying UPS subsidiary Ware2Go as it looks to expand its footprint in the e-commerce space.The company declined to provide specifics on the purchase price of the deal.The Atlanta-based company founded by former Thiel Fellow Sean Henry said the acquisition will boost Stord’s competitive edge as it looks to chip away at the e-commerce space dominated by the likes of Amazon.Ware2Go is a third-party delivery company that looks to make quick delivery more accessible for merchants, according to its website.Henry told CNBC the acquisition builds on the company’s push…

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Bath & Body Works names Daniel Heaf, a recent Nike executive, as CEO

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Customers shop at a Bath & Body Works store in Hayward, California, on June 12, 2024.Justin Sullivan | Getty ImagesBath & Body Works has a new chief executive officer, its second in less than 3 years.The personal care, home and beauty retailer has named Daniel Heaf as its new CEO, effectively immediately, replacing Gina Boswell. Heaf was most recently Nike’s chief strategy and transformation officer until his role was eliminated by the sneaker giant’s new CEO Elliott Hill.Boswell joined Bath & Body Works as CEO in December 2022 from consumer products giant Unilever. In March, Bath & Body Works disclosed Boswell…

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During the 9–5, employees are interrupted every 2 minutes

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The workday is full of distractions.In fact, during the 9-to-5, employees are interrupted every two minutes by meetings, emails and other pings, according to Microsoft’s recent report 2025: The Year the Frontier Firm Is Born.And this “isn’t taking into account if you have WhatsApp open or if you have Spotify or YouTube open,” says Alexia Cambon, senior research director at Microsoft. “Those are additional signals that are probably also adding to the disruptions.”If you feel like constant distractions are getting in the way of you actually doing your job, there are methods to ensure you have dedicated quiet time to…

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We’re adding to our newest stock on the dip. It was a winner in Trump’s Mideast trip

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Shortly after the opening bell, we will be buying 35 shares of GE Vernova at roughly $418.25. Following Monday’s trade, Jim Cramer’s Charitable Trust will own 80 shares of GEV, increasing its weighting to about 1.0% from 0.55%. The S & P 500 was indicated about 1% lower, and Treasury yields rose after Moody’s late Friday downgraded the U.S. credit rating one notch from the highest Aaa to Aa1. Moody’s was the last of the three major credit rating agencies to downgrade the U.S. from a triple-A rating. Standard & Poor’s cut its rating in 2011, and Fitch downgraded the…

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