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Cryptocurrency firm Genesis Global Capital is still trying to raise cash. The lender has approached crypto exchange Binance for an investment and to bid for its loan book, according to people familiar with the matter. Binance decided not to invest, fearful that some of Genesis’s business could create a conflict of interest down the line, according to one of the people familiar with the matter. The company also approached private equity giant Apollo…

Pfizer Inc., PFE 3.69% Uber UBER -1.15% Technologies Inc. and Starbucks Corp. SBUX 2.13% are among the heavyweights headlining another busy earnings week as investors search for insight into the state of the broader economy. Nearly a third of the S&P 500, or about 160 component companies, is slated to report earnings in the coming week, according to…

Credit Suisse CS -1.03% Group AG is nearing a deal to sell its securitized-products group to heavyweight investors Apollo Global Management Inc. APO -0.31% and Pacific Investment Management Co. as part of a retreat from Wall Street, people familiar with the matter said. The Swiss bank is set to give details of the sale, and other measures for a planned strategy change, on Thursday.…

Health experts advising the Food and Drug Administration recommended the agency pull from the market a drug used to prevent preterm births.The advisers voted 14-1 that the FDA should remove Covis Pharma Group’s Makena from the market, after the drug failed a trial to confirm its benefit. The FDA doesn’t have to follow the recommendations of its advisers, but often does. The agency, which has been trying for years to get Makena withdrawn, is expected to order its removal within months. “It seems clear to me…

Take a look at Phil Collins now. The English rocker and his Genesis bandmates have agreed to sell a bundle of their music rights to Concord Music Group Inc., according to the company.The megadeal—valued at over $300 million, according to people familiar with the transaction—includes the publishing copyrights and a mix of recorded music income streams and masters of Mr. Collins, Mike Rutherford and Tony Banks ‘ individual careers…

Individual investors are backing a new underdog, Avaya Holdings Corp. , pumping up the software company’s downtrodden stock by about 200% over the past month and confounding Wall Street professionals. Avaya’s fans include day traders who congregate on Reddit and Twitter forums, and a 35-year-old software entrepreneur who has snapped up a 15% stake. They are facing off against a group of large fund managers such as Apollo Global Management Inc. and Ares Management Corp. that could benefit if the…

ADT Inc. ADT 16.23% has secured investments totaling $1.5 billion from State Farm and a partnership aimed at expanding the security company’s customer base and improving risk-mitigation for insured homeowners, the companies said. Under the deal, which was reported earlier by The Wall Street Journal, State Farm will spend $1.2 billion to buy 133.3 million ADT shares, or about 15% of the company. That represents a share price of $9,…

Apollo Global Management Inc. agreed to sell wireless tower company Parallel Infrastructure to a buyer backed by Palistar Capital, which plans to invest more than $1 billion to expand the business. The deal would create one of the largest cellphone infrastructure companies in the U.S., with more than 2,000 sites either operating or under construction across 41 states, once Parallel is combined with developer Harmoni Towers LLC, New York-based Palistar said. Palistar acquired Harmoni in June 2020. The...…

Purchase, N.Y.-based Atlas Air has a market value of roughly $2 billion. Photo: ZUMAPRESS.com…

With Elon Musk attempting to terminate his $44 billion takeover of Twitter Inc. and the company vowing to force him to follow through, the social-media powerhouse and the world’s richest person appear headed for a messy courtroom battle.The company says it plans legal action and is any day expected to file a lawsuit in the Delaware Court of Chancery, arguing he is required to close the agreed-upon deal. Corporate law experts say Twitter appears to be on…