News

ProAssurance Corp (PRA) will be acquired by The Doctors Company for $25 per share in cash, representing a 60% premium to ProAssurance's closing stock price on Tuesday. The deal is expected to close in the first half of 2026 and will result in ProAssurance becoming a wholly-owned subsidiary of The Doctors Company.

Apollo Global Management has agreed to acquire a majority stake in OEG Energy Group, a provider of offshore energy solutions, for over $1 billion. The deal is expected to close in the second quarter of 2025 and will see Apollo invest in OEG's future growth as demand for services supporting energy production and renewable power increases.

A senior developer, after being replaced by a cheaper worker despite his dedication to a startup, embraced the "overemployed" lifestyle, vowing never to rely on a single job again. This experience resonated with many online, highlighting the harsh reality of corporate loyalty and the growing trend of "overemployment" as a means of securing financial stability.

Shopify shares surged on Wednesday, driven by a combination of overall market strength and the Federal Reserve's decision to hold interest rates steady. The company also announced its intention to transfer its U.S. stock exchange listing from the New York Stock Exchange to the Nasdaq, further boosting investor confidence.

Oppenheimer analyst Brian Bittner maintains his "Outperform" rating on Darden Restaurants, Inc. (DRI), despite revising his earnings per share estimate slightly lower due to industry-wide challenges. He remains optimistic about the company's long-term prospects, citing new sales drivers and conservative Street margin forecasts.