Mantle Ridge, an activist hedge fund, has acquired a stake exceeding $1 billion in Cognizant Technology Solutions (NASDAQ:CTSH), signaling its belief that the company’s shares are currently undervalued, the Wall Street Journal reported Friday, citing sources familiar with the matter. The report said Mantle Ridge began accumulating shares in the latter half of 2022, when Cognizant’s stock price ...
By David ShepardsonWASHINGTON (Reuters) -The U.S. Trade Representative’s Office will hold a hearing on Tuesday into older Chinese-made "legacy" semiconductors that could heap more U.S. tariffs on chips from China that power everyday goods from autos to washing machines to telecoms gear.The probe, which was started under then-President Joe Biden in December, aims to protect American and other sem ...
By Bhanvi Satija(Reuters) -Texas and New Mexico on Friday reported an additional 59 cases of measles for a total of 228 known infections in those states, where an outbreak that began in West Texas in late January has spread, causing the first U.S. measles deaths in a decade.The U.S. Centers for Disease Control and Prevention (CDC) said in its first health alert to physicians on the outbreak that t ...
Investing.com -- Hinge Health Inc., a San Francisco-based digital physical therapy provider, is reportedly planning to file for an initial public offering (IPO) as early as next week. The company could potentially go public as soon as April, according Bloomberg, citing insiders who requested anonymity due to the information not being public yet.The company’s revenue for last year stood at $390 m ...