ContextLogic Holdings Inc. announced the acquisition of gChem, a specialty chemicals company, for $850 million. gChem, known for its high-quality dimethyl sulfoxide products used in pharmaceuticals and other industries, will become ContextLogic's second operating business after US Salt. The deal is expected to boost free cash flow per unit and includes a rights offering for shareholders to invest further. The acquisition aims to strengthen ContextLogic's portfolio with a long-duration, niche business and is expected to close by the end of 2026, pending regulatory approvals.
An Amazon cargo plane operated by 21 Air overran the runway at Miami International Airport on Sept. 6, 2026, crashing into vehicles and killing at least five people while injuring five others. The Boeing 767-300, arriving from San Juan, Puerto Rico, ...
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The Invesco QQQ Trust ETF charged a steady 0.20% fee for years due to its unit investment trust structure, even as cheaper rivals emerged. This fee only decreased after shareholders approved a reclassification to an open-end fund structure at the end...
