AbbVie (ABBV) reportedly in talks to buy Revolution Medicines (RVMD), according to WSJ
Newsquawk Staff ·
AbbVie (ABBV) reportedly in talks to buy Revolution Medicines (RVMD), according to WSJ.
What it means
AbbVie's potential acquisition of Revolution Medicines highlights the company's focus on expanding its oncology portfolio. This move could be strategically sound if it enhances AbbVie’s competitive position in the biotech sector. Investors will want to assess the terms of the deal and any regulatory hurdles that may arise, as they could impact similar M&A activity in the industry.
Sources
- The Mosaic Company (MOS) Q3 2026 (USD): Adj. EPS -0.19 (exp. -0.01), Revenue 3.1bln (exp. 3.05bln)
- Arista Networks Inc. (ANET) Q3 2026 (USD): Adj. EPS 1.20 (exp. 1.08), Revenue 3.66bln (exp. 3.33bln)
- Amgen Inc. (AMGN) Q3 2026 (USD): Adj. EPS 6.45 (exp. 5.79), Revenue 10.4bln (exp. 10.07bln), Adj. operating income 4.7bln (exp. 4.33bln)
- Newsquawk Daily US Earnings Estimates - 4th November 2026: CVS, UBER, MCD, QCOM, MCK, ARM
- US BROKER MOVES: BE upgraded at Barclays; MRVL downgraded at TD Cowen
Related headlines
- Booking Holdings Inc. (BKNG) Q3 2026 (USD): Adj. EPS 4.66 (exp. 4.49), Revenue 8.9bln (exp. 9.55bln)5 days ago
- Oracle (ORCL) executive VP told Nikkei the Co. has no plans to slow down its investment in Japan, emphasising that the country remains a key market5 days ago
- Ambani’s Jio Platforms held talks to license technology to Comcast (CMCSA) and Charter (CHTR) in exchange for shares, according to sources5 days ago
- Uber’s (UBER) Jill Hazelbaker to join OpenAI as Chief Corporate Affairs Officer, reports The Information5 days ago
- Apple (AAPL) opens Siri AI preview to all developers5 days ago
- Nvidia’s (NVDA) market dominance helps it influence policy and customers, reports The Information5 days ago
- Sysco (SYY) executives expect basket inflation below 1% in Q2 and between 1% and 1.5% for the full year, down from its budgeted 1.5-2% assumption, creating near term P&L pressure5 days ago
- US EQUITY OPEN: Tech pares back some recent losses as US/Iran negotiations and US midterms are in focus5 days ago
- Spanish competition authority (CNMC) launches disciplinary proceedings against Apple (AAPL) and Amazon (AMZN)5 days ago
- Amazon's (AMZN) AWS and GOSH are to deploy emerging technologies in healthcare5 days ago
- Williams (WMB) says elections are not expected to delay data center projects5 days ago
- Pershing Square's Bill Ackman says Netflix (NFLX) stock is 'incredibly cheap'5 days ago
- US PRE-MARKET MOVERS: AAPL, PLTR, ON, FN, LSCC, SHOP, KDP, FISV, DD5 days ago
- Keurig Dr Pepper Inc. (KDP) Q3 2026 (USD): Adj. EPS 0.66 (exp. 0.62), Revenue 7.3bln (exp. 7.33bln), Adj. operating income 1.7bln (exp. 1.6bln); reaffirms guidance5 days ago
- Iraq's Oil Minister says Iraq has reached an agreement with Chevron (CVX) on the West Qurna-2 oilfield5 days ago