Eli Lilly is acquiring Merida Biosciences for up to $2.875 billion in cash, while oil prices rise above $85/$90 amid tensions, coinciding with a hawkish Fed speech from Jackson Hole.
7 reports, 5 independent
Updated Sep 8
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What happened
Eli Lilly is acquiring Merida Biosciences for up to $2.875 billion in cash, while oil prices rise above $85/$90 amid tensions, coinciding with a hawkish Fed speech from Jackson Hole.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Eli Lilly and Company
American pharmaceutical company
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Jackson Hole
valley in Teton County, Wyoming, United States
Related events
- Eli Lilly and Company plans to acquire Merida Biosciences for up to $2.8 billion in cash.
- Iran conflict drives crude oil prices above $100/barrel, coinciding with remarks at the Jackson Hole symposium that shift market expectations.
- Truist Financial and Leerink Partners raised price objectives for Eli Lilly and Company stock.