(Bloomberg) -- Advent International-backed UK defense firm Cobham said it’s weighing an acquisition of Mercury Systems Inc., a US peer that this week announced it’s exploring strategic alternatives. Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysPorsche Blunder Puts $148,000 Sportscar on Sale for Just $18,000Plenty of Americans Are Drinking Bleach, Still for Sale on AmazonNational Archives Releases Records Tied to Trump Classified Documents8,000 Layoffs Don’t E
Mercury Systems (MRCY) delivers lower-than-expected second-quarter fiscal 2023 results.
Investors were nervous Wednesday morning, as they awaited news that they've been anticipating for a long time. The Federal Reserve's monetary policy meeting will come to an end this afternoon, and when it does, market participants will have a better idea of what the central bank intends to do throughout 2023. The uncertainty had index futures on the Nasdaq Composite (NASDAQINDEX: ^IXIC) trading down just 0.1% immediately before the market open.