Here’s what we have for you today:
• Fluid oil
• Radio signal
• Trade and medicine
Aramco hitting record highs
Liquid gold: In March 2023, Aramco reported $161 billion in profit, which is estimated to be the highest net income recorded by an energy company.
Standing record: In 2019 Aramco raised a record $29.4 billion on the Saudi stock exchange.
Lookout: Reportedly Saudi Arabia’s Aramco, is currently considering to offer $50 billion in shares.
Radio Shack coming back?
Surprisingly: Although Radio Shack closed thousands of locations throughout the years, it’s still open for business.
Different leadership: The biggest franchise operator of Radio Shack, El Salvador-based Unicomer Group, now is the owner of it.
The history: At one point, Radio Shack operated 7,000 stores globally with majority of them in the US.
Current US pharmaceutical industry
The budget: Reportedly pharmaceutical companies spent more than $80 billion on mergers and acquisitions in the first half of 2023.
Large acquisition: The Federal Trade Commission approved Amgen to move forward with its $27.8 billion buyout of Horizon Therapeutics with restrictions.
Apparently: The settlement agreement forbids Amgen from bundling any of its products with two of Horizon’s drugs, among other restrictions.