Deliveroo confirmed the news earlier this week, saying that DoorDash approached it on April 5 with an offer of £1.80 ($2.40) a share. The company added that it would be “minded to recommend such an offer to Deliveroo shareholders.”

However, it is important to note that DoorDash didn’t make a firm offer with Deliveroo placing a May 23 deadline for such an offer to come.  

“There can be no certainty that any firm offer for Deliveroo will be made. At this time, shareholders are advised to take no action in respect to the possible offer,” Deliveroo concluded.

This isn’t the first time DoorDash has tried to buy Deliveroo. The two companies have held talks on several occasions in the past years, with the latest round coming last summer, but they couldn’t come to an agreement.

DoorDash is the largest food delivery platform in the United States with 42 million monthly active users and has a presence in 30 more countries around the globe. It had revenue of $10.72 billion in 2024 with a 24.2% year-over-year increase. The company’s stock closed at $187.76 per share on Friday, seeing a 10.03% growth year-to-date.

Deliveroo is the leading food delivery company in the UK. It reported £2.07 billion in revenue and had 7.1 million active users in 2024.

The post DoorDash Makes $3.6 Billion Offer for UK Rival Deliveroo appeared first on theprimarymarket.com.

Goldman Sachs’ analysts, led by Co-Head of Global Commodities Research Daan Struyven, wrote in a research note that they expect a daily surplus of 800,000 barrels in 2025, with the figure going as high as 1.4 million barrels a day next year.

“While the market has already priced in some future inventory builds, we expect large surpluses,” Goldman Sachs analysts stated.

Goldman Sachs is now forecasting $63 a barrel for Brent and $59 a barrel for WTI in 2025. In 2026, the oil prices are expected to be $58 a barrel for Brent and $55 a barrel for WTI.

“Oil prices would likely exceed our forecast if the Administration were to reverse tariffs sharply and deliver a reassuring message to markets, consumers, and businesses,” the research note added.

Additionally, the bank believes that the demand for oil will jump by only 300,000 barrels a day this year while drastically reducing its previous prediction for demand in 2026.

On Monday, Brent crude oil futures traded at $64.5 per barrel, while WTI futures traded at $61.45 per barrel.

The post Oil Prices Will Decline Through 2026 According to Goldman Sachs appeared first on theprimarymarket.com.

Musk confirmed the news via a post on X, saying that it was an all-stock transaction, which valued xAI at $80 billion and X at $33 billion. He stated that X’s full value was $45 billion before being lowered by $12 billion in debt.

“xAI and X’s futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent,” Musk added. “This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach.”

xAI was founded in 2023 by Musk as a competitor to ChatGPT-maker OpenAI. The company’s flagship product is the AI assistant Grok, which has been integrated into X since its inception. xAI had its latest funding round in December when it raised $6 billion and reached a valuation of $45 billion.

Musk acquired Twitter in 2022, paying $44 billion for the social media platform. He introduced a series of changes to the platform, including changing its name to X, while also making a series of job cuts. The company’s valuation dropped to $10 billion in September according to a report by Fidelity Investments, but apparently saw a massive turnaround since then.

The post Elon Musk Sells Social Media Platform X to His Own AI Startup xAI in a $33 Billion Deal appeared first on theprimarymarket.com.

Spot gold peaked at $3,022.00 early on Friday before settling at $3,002.50 per ounce by the end of the day after a profit-taking run. It is already 13.74% up in 2025, following the 24% jump in the last year. U.S. gold futures, on the other hand, have closed at $3,001.10.

Some experts believe that the surge in gold prices is a result of global central banks being more aggressive in building their reserves of the precious metal in recent years. Central banks turn to gold when they look to diversify their reserves or when they expect certain disruptions or sanctions, with the latter being common in emerging economies.

In a recent report, Goldman Sachs’ analyst Lina Thomas predicted that gold will reach $3,100 by the end of the year compared to previous forecast of $2,890 per ounce. Under the right circumstances, $3,300 per ounce would also be possible.

“We also see upside risk to our gold price forecast from stronger-than-expected central bank demand on higher US policy uncertainty,” Thomas added.

The post Gold Reaches $3,000 for First Time Ever as Investors Flock to Safe-Haven Assets appeared first on theprimarymarket.com.

Investors have been moving away from risky assets in recent weeks due to uncertainty caused by the United States’ decision to change its tariff policy towards some of its most important trade partners. Experts believe that investors are increasingly wary of politics having too much impact on Bitcoin, despite the fact that the cryptocurrency was created to be an asset devoid of any political influence.

While unsurprising, the Bitcoin sell-off was much bigger than expected and at one point resulted in a dip below $80,000 for the first time since November.

After a rally to an all-time price of $109,241 in January, Bitcoin saw a steady decline in February and reached its low point of $78,659.27 early on Friday. It later rebounded to $86,517.22 before settling at around $84K on Saturday.

Bitcoin might see further decline down the line with the key support level being set around $70K per coin. It is at this point when dip buyers might step in, stopping the decline and causing another rally for the cryptocurrency.

Other major cryptocurrencies and meme coins had it even worse than Bitcoin in February. Ethereum dropped by 33.76% last month, Solana is down by 41%, while Dogecoin had a 38% slide.

The post Bitcoin Plummets By 17% in February, Endures Its Worst Month Since 2022 appeared first on theprimarymarket.com.

According to Bloomberg, the new service is named “Music Pro” and will be aimed at “super-fans.” It would include higher-quality audio, the option to mix together songs from different artists using artificial intelligence, and the opportunity to buy concert tickets through the Spotify platform.

The introduction of “Music Pro” is expected at some point in 2025 although Spotify denied commenting through its spokesperson. The company is currently working out the finer details of the service and has been involved in negotiations with record companies, promoters, and ticket sellers.

The price is expected to be set at $5.99, although that could change at some point and Spotify also intends to adjust the pricing depending on the region.

Spotify hiked its subscription prices back in June, adding $1 to the Premium Tier, $2 to the Duo Tier, and $3 to the Family Tier. The adjustment worked well for the company, as it ended up turning a profit in 2024 for the first time in its history.

Spotify stock closed the week at $638.18 per share after a slight slide on Friday and is currently 39.40% up since the beginning of the year.

The post Spotify Plans to Offer a New $5.99 Service With Added Features appeared first on theprimarymarket.com.

U.S. President Donald Trump signed an order on Saturday with which he imposed a 25% tariff on the majority of goods imported from Mexico and Canada. The U.S. and its neighboring countries previously enjoyed a free trade agreement since 1994.

Trump’s order also included a 10% tariff on imports from China, a move that the Asian country intends to dispute with the World Trade Organization. China, Mexico, and Canada accounted for 40% of all imports in the United States last year while the U.S. did an estimated $1.6 trillion in business with these three trading partners.

There is a belief that the tariffs could spill into a trade war, which is why investors are deciding to back off riskier assets like crypto until they see the full effects. Further weakening of major coins is expected in the near future, although some experts believe the tariffs could be beneficial to crypto in the long run.

Bitcoin slipped below $93K late on Sunday before recovering to $95K early Monday morning. Ether, the world’s second priciest cryptocurrency, had it even worse, dropping by more than 10% on Monday. It traded below $2,600 per coin compared to the $3,300 price from Friday.

The sell-off also reflected on publicly traded companies that have ties with crypto. Crypto exchange Coinbase saw its stock plunge by 6.74% in pre-market trading while Microstrategy, the world’s largest corporate holder of Bitcoin, is down by 8%.

The post Bitcoin and Other Cryptocurrencies Plunge Amid Tariffs on Imports From Mexico and Canada appeared first on theprimarymarket.com.

Stargate is a joint venture between the American tech giants OpenAI and Oracle, the Japanese investment holding company SoftBank, and the Emirati sovereign wealth fund MGX. In addition to OpenAI and Oracle, Arm, NVIDIA and Microsoft will also provide the technology for this project to go forward.

According to Open AI’s official statement, “this infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit for the entire world,” in addition to “not only [supporting] the re-industrialization of the United States but also [providing] a strategic capability to protect the national security of America and its allies.”

Stargate is officially moving forward after receiving the green light from the newly-appointed president, Donald Trump, who described it as “the largest AI infrastructure project by far in history.” A first injection of $100 billion will start “immediately”, and the partners are planning to invest up to $500 billion over the next four years to build new data centers data and create more than 100,000 jobs in the United States.

The post “The Stargate Project” Set to Invest $500 Billion in AI Infrastructure appeared first on theprimarymarket.com.

Tech-based outlet SemiAccurate recently reported about an email in which an unnamed company expressed interest in acquiring Intel outright. The email was discovered two months ago but the outlet took time in order to make sure it was real. 

“Last week we got confirmation, directly, from another highly placed source,“ SemiAccurate said in its report.

Reportedly, the company in question hasn’t been linked publicly with the acquisition of Intel and has the resources “to pull it off.”

Intel has been the subject of takeover rumors for the better part of 2024 as the company struggled to keep up with the changing market and had its stock plummet by more than 50%. Qualcomm, which produces chips for smartphones and other electrical devices, has been mentioned as a possible buyer but its interest has cooled off recently.

Another reason for the surge in Intel’s shares could be the decision to separate Intel Capital, the company’s global venture capital arm, into a standalone fund. The move was made in order to enable the fund with “greater autonomy and the flexibility to attract external capital,” while Intel remained the anchor investor.

Intel’s stock closed at $21.49 per share on Friday following a 9.25% jump. The stock is 6.28% up since the beginning of the year.

The post Intel Corp. Stock Jumps Amid Takeover Rumors appeared first on theprimarymarket.com.

According to Hershey, Buck intends to retire on June 30, 2026. She will remain as CEO and board member until the company finds her successor. After that, she will transition to an advisory role until her retirement.

Hershey said it will consider both external and internal candidates while hiring a search firm to assist in the process.

Buck revealed that the length of her tenure as Hershey’s CEO has been discussed for a few years now, with the company asking her to prolong her departure.

“I love the company. I still have a little more to do before I go,” Buck said via The Wall Street Journal.

Buck joined Hershey in 2005 and held several positions throughout the years before taking over as the company’s CEO in 2017. While her time in charge is viewed mostly favorably, she now faces the challenge of steering the company through a difficult period amid slumping sales and rising cocoa prices before handing over the baton.

In the aftermath of Hershey’s announcement about the upcoming CEO change, the company’s stock dipped by 2.48% to close at $158.20 per share on Friday. The stock has now dropped 7.38% since the beginning of January.

The post Hershey Embarks on Search for New CEO After Michele Buck’s Decision to Retire appeared first on theprimarymarket.com.

Deliveroo confirmed the news earlier this week, saying that DoorDash approached it on April 5 with an offer of £1.80 ($2.40) a share. The company added that it would be “minded to recommend such an offer to Deliveroo shareholders.”

However, it is important to note that DoorDash didn’t make a firm offer with Deliveroo placing a May 23 deadline for such an offer to come.  

“There can be no certainty that any firm offer for Deliveroo will be made. At this time, shareholders are advised to take no action in respect to the possible offer,” Deliveroo concluded.

This isn’t the first time DoorDash has tried to buy Deliveroo. The two companies have held talks on several occasions in the past years, with the latest round coming last summer, but they couldn’t come to an agreement.

DoorDash is the largest food delivery platform in the United States with 42 million monthly active users and has a presence in 30 more countries around the globe. It had revenue of $10.72 billion in 2024 with a 24.2% year-over-year increase. The company’s stock closed at $187.76 per share on Friday, seeing a 10.03% growth year-to-date.

Deliveroo is the leading food delivery company in the UK. It reported £2.07 billion in revenue and had 7.1 million active users in 2024.

The post DoorDash Makes $3.6 Billion Offer for UK Rival Deliveroo appeared first on theprimarymarket.com.

Goldman Sachs’ analysts, led by Co-Head of Global Commodities Research Daan Struyven, wrote in a research note that they expect a daily surplus of 800,000 barrels in 2025, with the figure going as high as 1.4 million barrels a day next year.

“While the market has already priced in some future inventory builds, we expect large surpluses,” Goldman Sachs analysts stated.

Goldman Sachs is now forecasting $63 a barrel for Brent and $59 a barrel for WTI in 2025. In 2026, the oil prices are expected to be $58 a barrel for Brent and $55 a barrel for WTI.

“Oil prices would likely exceed our forecast if the Administration were to reverse tariffs sharply and deliver a reassuring message to markets, consumers, and businesses,” the research note added.

Additionally, the bank believes that the demand for oil will jump by only 300,000 barrels a day this year while drastically reducing its previous prediction for demand in 2026.

On Monday, Brent crude oil futures traded at $64.5 per barrel, while WTI futures traded at $61.45 per barrel.

The post Oil Prices Will Decline Through 2026 According to Goldman Sachs appeared first on theprimarymarket.com.

Musk confirmed the news via a post on X, saying that it was an all-stock transaction, which valued xAI at $80 billion and X at $33 billion. He stated that X’s full value was $45 billion before being lowered by $12 billion in debt.

“xAI and X’s futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent,” Musk added. “This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach.”

xAI was founded in 2023 by Musk as a competitor to ChatGPT-maker OpenAI. The company’s flagship product is the AI assistant Grok, which has been integrated into X since its inception. xAI had its latest funding round in December when it raised $6 billion and reached a valuation of $45 billion.

Musk acquired Twitter in 2022, paying $44 billion for the social media platform. He introduced a series of changes to the platform, including changing its name to X, while also making a series of job cuts. The company’s valuation dropped to $10 billion in September according to a report by Fidelity Investments, but apparently saw a massive turnaround since then.

The post Elon Musk Sells Social Media Platform X to His Own AI Startup xAI in a $33 Billion Deal appeared first on theprimarymarket.com.

Spot gold peaked at $3,022.00 early on Friday before settling at $3,002.50 per ounce by the end of the day after a profit-taking run. It is already 13.74% up in 2025, following the 24% jump in the last year. U.S. gold futures, on the other hand, have closed at $3,001.10.

Some experts believe that the surge in gold prices is a result of global central banks being more aggressive in building their reserves of the precious metal in recent years. Central banks turn to gold when they look to diversify their reserves or when they expect certain disruptions or sanctions, with the latter being common in emerging economies.

In a recent report, Goldman Sachs’ analyst Lina Thomas predicted that gold will reach $3,100 by the end of the year compared to previous forecast of $2,890 per ounce. Under the right circumstances, $3,300 per ounce would also be possible.

“We also see upside risk to our gold price forecast from stronger-than-expected central bank demand on higher US policy uncertainty,” Thomas added.

The post Gold Reaches $3,000 for First Time Ever as Investors Flock to Safe-Haven Assets appeared first on theprimarymarket.com.

Investors have been moving away from risky assets in recent weeks due to uncertainty caused by the United States’ decision to change its tariff policy towards some of its most important trade partners. Experts believe that investors are increasingly wary of politics having too much impact on Bitcoin, despite the fact that the cryptocurrency was created to be an asset devoid of any political influence.

While unsurprising, the Bitcoin sell-off was much bigger than expected and at one point resulted in a dip below $80,000 for the first time since November.

After a rally to an all-time price of $109,241 in January, Bitcoin saw a steady decline in February and reached its low point of $78,659.27 early on Friday. It later rebounded to $86,517.22 before settling at around $84K on Saturday.

Bitcoin might see further decline down the line with the key support level being set around $70K per coin. It is at this point when dip buyers might step in, stopping the decline and causing another rally for the cryptocurrency.

Other major cryptocurrencies and meme coins had it even worse than Bitcoin in February. Ethereum dropped by 33.76% last month, Solana is down by 41%, while Dogecoin had a 38% slide.

The post Bitcoin Plummets By 17% in February, Endures Its Worst Month Since 2022 appeared first on theprimarymarket.com.

According to Bloomberg, the new service is named “Music Pro” and will be aimed at “super-fans.” It would include higher-quality audio, the option to mix together songs from different artists using artificial intelligence, and the opportunity to buy concert tickets through the Spotify platform.

The introduction of “Music Pro” is expected at some point in 2025 although Spotify denied commenting through its spokesperson. The company is currently working out the finer details of the service and has been involved in negotiations with record companies, promoters, and ticket sellers.

The price is expected to be set at $5.99, although that could change at some point and Spotify also intends to adjust the pricing depending on the region.

Spotify hiked its subscription prices back in June, adding $1 to the Premium Tier, $2 to the Duo Tier, and $3 to the Family Tier. The adjustment worked well for the company, as it ended up turning a profit in 2024 for the first time in its history.

Spotify stock closed the week at $638.18 per share after a slight slide on Friday and is currently 39.40% up since the beginning of the year.

The post Spotify Plans to Offer a New $5.99 Service With Added Features appeared first on theprimarymarket.com.

U.S. President Donald Trump signed an order on Saturday with which he imposed a 25% tariff on the majority of goods imported from Mexico and Canada. The U.S. and its neighboring countries previously enjoyed a free trade agreement since 1994.

Trump’s order also included a 10% tariff on imports from China, a move that the Asian country intends to dispute with the World Trade Organization. China, Mexico, and Canada accounted for 40% of all imports in the United States last year while the U.S. did an estimated $1.6 trillion in business with these three trading partners.

There is a belief that the tariffs could spill into a trade war, which is why investors are deciding to back off riskier assets like crypto until they see the full effects. Further weakening of major coins is expected in the near future, although some experts believe the tariffs could be beneficial to crypto in the long run.

Bitcoin slipped below $93K late on Sunday before recovering to $95K early Monday morning. Ether, the world’s second priciest cryptocurrency, had it even worse, dropping by more than 10% on Monday. It traded below $2,600 per coin compared to the $3,300 price from Friday.

The sell-off also reflected on publicly traded companies that have ties with crypto. Crypto exchange Coinbase saw its stock plunge by 6.74% in pre-market trading while Microstrategy, the world’s largest corporate holder of Bitcoin, is down by 8%.

The post Bitcoin and Other Cryptocurrencies Plunge Amid Tariffs on Imports From Mexico and Canada appeared first on theprimarymarket.com.

Stargate is a joint venture between the American tech giants OpenAI and Oracle, the Japanese investment holding company SoftBank, and the Emirati sovereign wealth fund MGX. In addition to OpenAI and Oracle, Arm, NVIDIA and Microsoft will also provide the technology for this project to go forward.

According to Open AI’s official statement, “this infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit for the entire world,” in addition to “not only [supporting] the re-industrialization of the United States but also [providing] a strategic capability to protect the national security of America and its allies.”

Stargate is officially moving forward after receiving the green light from the newly-appointed president, Donald Trump, who described it as “the largest AI infrastructure project by far in history.” A first injection of $100 billion will start “immediately”, and the partners are planning to invest up to $500 billion over the next four years to build new data centers data and create more than 100,000 jobs in the United States.

The post “The Stargate Project” Set to Invest $500 Billion in AI Infrastructure appeared first on theprimarymarket.com.

Tech-based outlet SemiAccurate recently reported about an email in which an unnamed company expressed interest in acquiring Intel outright. The email was discovered two months ago but the outlet took time in order to make sure it was real. 

“Last week we got confirmation, directly, from another highly placed source,“ SemiAccurate said in its report.

Reportedly, the company in question hasn’t been linked publicly with the acquisition of Intel and has the resources “to pull it off.”

Intel has been the subject of takeover rumors for the better part of 2024 as the company struggled to keep up with the changing market and had its stock plummet by more than 50%. Qualcomm, which produces chips for smartphones and other electrical devices, has been mentioned as a possible buyer but its interest has cooled off recently.

Another reason for the surge in Intel’s shares could be the decision to separate Intel Capital, the company’s global venture capital arm, into a standalone fund. The move was made in order to enable the fund with “greater autonomy and the flexibility to attract external capital,” while Intel remained the anchor investor.

Intel’s stock closed at $21.49 per share on Friday following a 9.25% jump. The stock is 6.28% up since the beginning of the year.

The post Intel Corp. Stock Jumps Amid Takeover Rumors appeared first on theprimarymarket.com.

According to Hershey, Buck intends to retire on June 30, 2026. She will remain as CEO and board member until the company finds her successor. After that, she will transition to an advisory role until her retirement.

Hershey said it will consider both external and internal candidates while hiring a search firm to assist in the process.

Buck revealed that the length of her tenure as Hershey’s CEO has been discussed for a few years now, with the company asking her to prolong her departure.

“I love the company. I still have a little more to do before I go,” Buck said via The Wall Street Journal.

Buck joined Hershey in 2005 and held several positions throughout the years before taking over as the company’s CEO in 2017. While her time in charge is viewed mostly favorably, she now faces the challenge of steering the company through a difficult period amid slumping sales and rising cocoa prices before handing over the baton.

In the aftermath of Hershey’s announcement about the upcoming CEO change, the company’s stock dipped by 2.48% to close at $158.20 per share on Friday. The stock has now dropped 7.38% since the beginning of January.

The post Hershey Embarks on Search for New CEO After Michele Buck’s Decision to Retire appeared first on theprimarymarket.com.