At the end of Friday’s session, Tesla Inc (TSLA) rose by 5.96 percent to end the session at a new record high of $695, and was integrated as planned into the S&P 500 index. The Californian maker of electric vehicles currently has a market capitalization of close to $660 billion, which has risen more than 8 times since the start of the year. Tesla is now the world’s 9th largest market capitalization and is steadily getting closer to Facebook ($787 billion). The business weights more than the mixture of General Motors, Ford Motor, Fiat-Chrysler, Toyota, Honda and Volkswagen.
BioTelemetry Inc. (BEAT) was also up 16.90 percent to $72.22. The U.S. cardiac diagnostics and monitoring company is the target of an acquisition offer. The global health technology leader Royal Philips offered to acquire BioTelemetry in a $2.8 billion cash deal at a price of $72 per share, presenting a 16.5 percent premium at the close of Thursday session. The bid is endorsed by the BioTelemetry’s Board of Directors. Finalization in the first quarter of 2021 is planned. BioTelemetry has $439 million in revenues and 1,900 staff.
PPG Industries, Inc. (PPG) was up 0.79 percent to $145.43. The specialty chemical company has just made an offer to purchase Tikkurila, the Finnish paint maker, for 1.1 billion euros.
Microsoft Corporation (MSFT) was down -0.38% to $218.59. The infrastructure software giant was hacked as part of a broader strategy to capitalize on the use of SolarWinds. Microsoft’s own products were then used by hackers to carry out other cyberattacks, according to Reuters sources close to the matter.
According to Reuters, the huge computer attack is due to Russian hackers who may have been spying on clients of U.S. software provider SolarWinds for months. To expand this cyberattack to other targets, Microsoft products were then used. According to the FBI, the CyberSecurity and Infrastructure Protection Agency (CISA) and the Office of the Director of National Intelligence, many U.S. federal government sites were hit, and the attack is still ongoing.
According to Reuters reports, the hackers allegedly accessed emails from the Treasury and Commerce Departments. SolarWinds said that a malware update that allowed hackers to spy on businesses or government agencies for almost nine months had been downloaded by up to 18,000 of its customers.
Alphabet Inc (GOOGL) was down -0.82 percent to $1726.22. The European Commission has granted Google the green light for its planned $2.1 billion takeover of Fitbit against competition concessions by the European Commission.