Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.
Pfizer (PFE) giant will refocus on three divisions one focused on prescription drugs, one on innovative treatments, and a third geared towards consumer health. The CEO calls it a “natural evolution” for the business. Just Tuesday, Pfizer agreed to delay a drug price hike, after criticism from President Trump.
21st Century Fox (FOX) is boosting its bid for control of Britain’s Sky Broadcasting. It’s now willing to pay 12% more than Comcast (CMCSA) for the satellite broadcaster. That puts the value of Sky at $32.5B. Rupert Murdoch already owns about 39% of Sky, and the bidding is separate from Comcast’s fight with Disney to buy Fox assets.
A change at the top of Dunkin’ Donuts (DNKN). CEO Nigel Travis is retiring and will be replaced by David Hoffman. Hoffman joined the company in 2016 after a long career at McDonalds (MCD) and headed up Dunkin’s US operations. As for Travis, he plans to still play a role in the company as executive chairman.
Boeing (BA) is flying high this morning after another big plane order. Vistara, the Indian affiliate of Singapore Airlines, is buying 6 Dreamliners, at a cost of about $1.6B. The airline is also buying 13 jets from Airbus. Asia has become one of the fastest growing markets for commercial flights with intense competition.
Chipmaker Nvidia (NVDA) is joining an international effort to test self-driving taxis. The company’s chips will power the taxis which are being developed by Bosch and Daimler. Testing is set to get underway next year in California with an automated shuttle service in the San Francisco Bay area.