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On February 12th, Morgan Stanley released a technical research report predicting that WuXi Biologics (02269.HK) shares will rise in the next 45 days, with a probability of 70% to 80%. The company previously issued a profit warning, and management indicated accelerated growth in fiscal year 2026. This, coupled with a 16% increase in the number of integrated projects in 2025 and strong momentum in research services, all reflect a strong performance in 2026. Furthermore, the momentum in research services will generate IP-related revenue, further enhancing profitability. The company also recently entered into licensing agreements with Vertex and Zai Lab (09688.HK). Based on WuXi Biologics accelerating revenue growth and profit margin expansion, the bank raised its earnings forecasts for 2026 to 2030 by 4% to 10%, increased its target price from HK$45 to HK$50, and maintained its "Buy" rating.Jefferies raised its price target for McDonalds (MCD.N) from $360 to $375.Market news: U.S. Commerce Secretary Rutnick will meet with Japanese Minister of Economy, Trade and Industry Ryosuke Akazawa in Washington on Thursday.Hong Kong-listed AI stocks continued to diverge in the afternoon session. Zhipu (02513.HK) surged over 37%, MINIMAX-WP (00100.HK) rose over 17%, and Vobile Group (03738.HK) climbed over 11%. Kingsoft Cloud (03896.HK) and SenseTime (00020.HK) both rose over 6%. Conversely, Cloud Music (09899.HK) fell over 10.5%, Lenovo Group (00992.HK) dropped over 5%, Kingdee International (00268.HK) and Meituan (03690.HK) declined over 4.5%, and Meitu (01357.HK) fell nearly 4%.February 12th, Futures News: Economies.com analysts latest view: Spot silver prices have retreated slightly in recent intraday trading, aiming to reorganize their trend and accumulate the necessary momentum to attempt a breakout above the key resistance level of $84.00.

Broadcom Is in Discussions to Acquire VMware

Aria Thomas

May 23, 2022 09:50

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People familiar with the subject told Reuters that chipmaker Broadcom (NASDAQ:AVGO) Inc is in talks to acquire cloud service provider VMware (NYSE:VMW) Inc.


According to the sources, negotiations between Broadcom and VMware are ongoing and a deal is not imminent. The terms of the proposed transaction could not be discovered.


The acquisition will diversify Broadcom's business away from semiconductors and into enterprise software, following its $18.9 billion acquisition of CA Technologies and its $10.7 billion acquisition of Symantec (NASDAQ:NLOK) Corp's security division over the past four years.


The deal was initially revealed by Bloomberg News on Sunday night. Broadcom and VMware did not reply immediately to requests for comment from Reuters. As of market closure on Friday, VMware had a market capitalization of $40.3 billion.


According to Refinitiv statistics, Michael Dell is VMware's largest investor with a 40 percent ownership as a result of Dell Technologies (NYSE:DELL) Inc spinning off VMWare to its shareholders last year.


Silver Lake, a private equity firm that has previously invested in Broadcom, is VMware's second largest stakeholder with a 10 percent stake, according to Refinitiv data.

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