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Week In Review: Hengrui And Degron Announce $7.2 Billion In Drug Licensings
Article By: ChinaBio® Today
Saturday, May 25, 2024 4:00 PM EDT
Jiangsu Hengrui Medicine out-licensed global rights for its portfolio of three proprietary GLP-1 candidates to a US startup, Hercules, in a deal worth up to $6 billion. Hengrui will receive $110 million upfront and up to $200 million in milestones.
In this article: AZN, BGNE, TAK, IVBXF, CSPHF
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DuPont’s Big Breakup Could Be Second-Time Lucky
Article By: Lipper Alpha Insight
Friday, May 24, 2024 2:15 PM EDT
How big should a company be? For DuPont de Nemours boss Ed Breen, the real question is: how small? DuPont is about to break up into three companies, separating out its water and electronics units from the business that makes industrial materials.
In this article: DD Also: XYL, ENTG
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US Initial Jobless Claims Refuse To Budge From Near Record Lows
Article By: Tyler Durden
Thursday, May 23, 2024 8:56 AM EDT
According to the magical data providers at the US Department of Labor, just 215,000 Americans filed for jobless benefits for the first time last week (down from the prior week's 223,000).
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Market Briefing For Thursday, May 23, 2024
Article By: Gene Inger
Thursday, May 23, 2024 3:01 AM EDT
Debts are piling-up...with more Americans challenged to keep-up. That's my take on the credit card debt, which might be viewed with a bit more concern than expressed by the FOMC today.
In this article: NVDA Also: GS
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Oil Flattens Despite Heightened Tensions Over Recognition Of Palestinian State
Article By: FXStreet
Wednesday, May 22, 2024 8:03 AM EDT
Oil prices are flat on Wednesday after headlines came out that Norway, Ireland and Spain will recognize a Palestinian state in a surprising move. Israel was quick to recall their embassy personnel from those countries.
In this article: BNO
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Poland’s Labor Market Remains Resilient, But A Delayed Slowdown Impact Is Emerging
Article By: ING Economics
Wednesday, May 22, 2024 7:16 AM EDT
Polish wage growth continued at a double-digit pace in April. Meanwhile, the average paid employment contracted 0.4% YoY in April as demand for labor showed a delayed reaction to the slow economic growth seen in 2023.
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GameStop AMC Meme Stocks Frenzy And The Winners Losers
Article By: Michael Michaud
Wednesday, May 22, 2024 5:17 AM EDT
The volcano that remained dormant for three years and was informed never to be active again, otherwise known as Gamestop stock, erupted last week.
In this article: GME
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When There’s Blood In The Streets, Buy Property: Buy Baby, Buy
Article By: Tactical Investor
Wednesday, May 22, 2024 5:04 AM EDT
The adage “When there is blood in the streets, buy property” is often attributed to Baron Rothschild, an 18th-century British nobleman and member of the banking family.
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Yellen Threatens German Banks With Sanctions; EU Approves Using Russian Asset Profits For Ukraine's Defense
Article By: Tyler Durden
Wednesday, May 22, 2024 4:50 AM EDT
In a rare moment of tensions among allies, US Treasury Secretary Janet Yellen is demanding that German bank executives get serious about complying with anti-Russia sanctions, warning further that German banks could find themselves under sanctions.
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Mixed Assets? Multi Asset? – What Is The Difference?
Article By: Lipper Alpha Insight
Wednesday, May 22, 2024 4:44 AM EDT
Some investors may get confused in investment conversations about portfolios which contain more than one asset type. Some refer to such a portfolio as a mixed-assets portfolio while others call the same portfolio a multi-asset portfolio.
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Which Retailers Operate In The Most Countries?
Article By: Jeff Desjardins
Wednesday, May 22, 2024 3:30 AM EDT
Today, international expansion is a key growth strategy for the world’s top retailers as companies target untapped markets with the highest potential to drive revenue and profit streams.
In this article: AAPL
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Market Briefing For Wednesday, May 22
Article By: Gene Inger
Wednesday, May 22, 2024 3:03 AM EDT
The 'tone' of the market remains about the same Tuesday. 'Ranging' S&P'; defensive action, psychology dependent on Nvidia tomorrow, but otherwise it's muted.
In this article: NVDA
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ScarJo Goes After OpenAI
Article By: Shelly Palmer
Tuesday, May 21, 2024 10:37 AM EDT
Scarlett Johansson has accused OpenAI of stealing her voice for GPT-4o. Johansson claims that OpenAI’s “Sky” voice is “eerily similar” to her own and that she was approached by OpenAI CEO Sam Altman to voice the system but declined.
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Ranked: The Top Startup Cities Around The World
Article By: Jeff Desjardins
Tuesday, May 21, 2024 10:24 AM EDT
A richly connected network of founders, venture capital firms, and tech talent are some of the key ingredients driving a startup ecosystem.
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Another Sanction Failure: The US Blacklisted Xiaomi Three Years Ago Now It Makes EVs
Article By: Mish Shedlock
Tuesday, May 21, 2024 9:13 AM EDT
Just three years ago, the Chinese company Xiaomi decided to build cars. It succeeded where Apple failed.
In this article: TSLA, XIACF
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The Commodities Feed: Record Highs For Copper
Article By: ING Economics
Tuesday, May 21, 2024 5:42 AM EDT
Copper has hit new record highs this week as speculators jump into the market on expectations of tighter fundamentals. However, short-term fundamentals remain less constructive, which casts doubts over how sustainable the recent rally is.
In this article: BNO, CORN, SOYB
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