Author: FX
Maksim Labkouski The IPO market may still be frigid, but 2023 is shaping up to be the biggest year for biopharma M&A since the pandemic, despite rising capital costs and increased scrutiny by antitrust regulators. The sector has already seen $80B in deals this year, including a $43B planned takeover of Seagen (NASDAQ:SGEN) by Pfizer (NYSE:PFE). For comparison, 2022 saw $96B in M&A deals, while 2021 saw $91B and 2020 had $131B, according to a report by Evaluate Pharma. One driver has been a downward shift in biotech valuations, with the Nasdaq Biotech Index slipping 3.38% since the beginning of…
S&P 500 couldn‘t keep the fine rebound as all eyes were on „good that the job market is still OK, but maybe the Fed would stop hiking now“ interpretat Source link
3/3 © Reuters. Palestinians gather at the scene where Israeli forces targeted a Palestinian car, near Jenin, in the Israeli-occupied West Bank August 6, 2023. REUTERS/Raneen Sawafta 2/3 JERUSALEM (Reuters) -Israeli security forces shot dead three Palestinian militants in the occupied West Bank on Sunday, Israeli police said, drawing threats of revenge by Palestinian militant factions. Violence has worsened in the West Bank since last year with more Israeli raids and Palestinian street attacks on Israelis. The Israeli police said in a statement that special forces had thwarted a group from the Jenin refugee camp on their way to carry…
Recommended by Daniel Dubrovsky Get Your Free USD Forecast The US Dollar managed to outperform its major counterparts this past week despite a weak finish on Friday. That followed the nonfarm payrolls report where the headline rate of jobs growth slightly missed expectations. But, a lower unemployment rate and still-strong average hourly earnings meant that the Federal Reserve still has much work to do.Gold prices, while gaining after the jobs report, still finished the week lower amid a surge in longer-term Treasury yields. The British Pound remained pressured despite a rate hike from the Bank of England. Meanwhile, a deterioration…
TommL/E+ via Getty Images Avid Technology may see a takeover price of $30–$33 a share in a potential acquisition from a private equity buyer, according to a Northland analyst. The analysis comes after Reuters reported on Thursday that Francisco Partners and Symphony Technology Group are among private equity firms competing to buy the media editing software firm, with a potential deal possible as early as this month. The news sent Avid’s shares up 18% on Thursday. A private equity firm is likely to pay a 20%–30% premium to the last trading day prior to the news of a potential takeout.…
6/6 © Reuters. Soccer Football – FIFA Women’s World Cup Australia and New Zealand 2023 – Round of 16 – Sweden v United States – Melbourne Rectangular Stadium, Melbourne, Australia – August 6, 2023 Sweden’s Lina Hurtig celebrates with teammates after scoring the winnin 2/6 By Ian Ransom MELBOURNE (Reuters) – Sweden beat the United States 5-4 on penalties to knock the defending champions out of the Women’s World Cup after the teams were locked at 0-0 at the end of extra time on Sunday. In a madcap shootout, Lina Hurtig struck the winning spot-kick, though U.S. goalkeeper Alyssa Naeher…
UPCOMING EVENTS:Monday: Canada Holiday, Swiss Unemployment Rate, BoJ’s Summary of Opinions.Tuesday: NFIB Small Business Optimism Index.Wednesday: China CPI.Thursday: US CPI, US Jobless Claims.Friday: Japan Holiday, UK GDP, US PPI, University of Michigan Consumer Sentiment.Monday: The BoJ’s Summary of Opinions will be scrutinised by market participants for details and clues regarding the BoJ’s monetary policy. Last time, there was a little hint that indicated a possible change as Eamonn highlighted correctly here. In fact, the BoJ implicitly widened the YCC band with a soft cap at -/+0.5% and a hard cap at -/+1.0%. As a reminder, the BoJ intervened twice last…
Elon Musk stated that his social media company X (formerly Twitter) will fund the legal bills of any user that was treated unfairly by their employer for engaging with content on the platform. In an April 5 X thread announcing the move, Musk said that lawsuits of any scale will be supported: Continue Reading on Coin Telegraph Source link
Gargolas/iStock via Getty Images Texas electricity prices for the grid surged more than 800% to top $2,500/MWh for Sunday evening, up from Saturday’s high of about ~$275, Bloomberg reported, citing data from grid operator ERCOT. ERCOT said the surplus of available power capacity on the grid relative to power consumption will narrow to 1.6 GW in the hour ending at 6 p.m. Sunday, a level that can trigger emergency responses, although the state’s major grid operator said it can tap additional reserves to meet demand. Power usage on Sunday is expected to peak at nearly 84.4 GW at around 4…
The decentralized finance (DeFi) ecosystem has experienced a challenging week after a seismic security incident led to over $61 million being stolen from Curve Finance’s pools, leaving several protocols facing broader contagion risks. This attack exposed vulnerabilities across DeFi projects and sparked efforts to recover stolen funds over the past few days. The hack: Curve Finance pools are exploited for over $61 million due to reentrancy vulnerabilityCurve’s Michael Egorov confirmed the theft of 32 million Curve DAO tokens on July 30. Source: Telegram/LobsterDAOThe impact: Vyper vulnerability exposes DeFi ecosystem to stress tests; CRV price plummets Curve’s CEO scurries to pay…