Capitalising on favourable market conditions, Campari joined the wave of issuances seen across Europe since the beginning of the year. The Courvoisier acquisition marks the largest in Campari's history, which has seen consistent growth through various acquisitions. The company priced its new shares at €9.33 each, a 6% discount from the closing price on Tuesday.…
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According to BofA, this financial manoeuvre, typically observed in the first week of January, comes on the heels of 2023's unprecedented annual cash inflow totalling $1.3 trillion. Such movements highlight a trend where investors, prioritising security and influenced by increased interest rates, have shifted away from stocks and towards more stable assets. Drawing from EPFR's…
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Some prominent therapeutics were featured in the 2023-approval batch. These included Zepbound, an obesity treatment developed by Eli Lilly and Company (LLY), and Leqembi, an Alzheimer's drug from Eisai (ESAYI) and Biogen Inc. (BIIB). On top of the 55 novel drug green lights, the FDA also put its stamp of approval on five gene therapies.…
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Today’s report comes after an initial assessment in July that focused on retail competition in the grocery sector. The assessment identified ten product categories, including milk, baked beans, and baby formula, for further analysis in the second phase of work to gain a deeper understanding of competition across the supply chain, focusing on own-label and…
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The innovators of ChatGPT responded by headhunting and hiring Emmett Shear, the former head of the Twitch streaming site. This debacle led to 700 employees putting their names to paper, threatening to leave the company and join Microsoft (MSFT.O) if Altman was not reinstated. The newly appointed interim CEO Mira Murati took to X (formerly…
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At present Ciongoli is the executive vice president, general counsel and chief sustainability, corporate responsibility and governance officer for the Campbell Soup Company (CPB). In his new capacity, he will report directly to Lachlan Murdoch, the executive chair and chief executive officer (CEO) of Fox. Ciongoli has nearly 30 years of legal experience in the…
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While Tickmill has always been at the forefront of safeguarding client assets, this latest initiative introduces an additional layer of protection, one that sets it apart from many brokers in the market. The insurance policy, brokered with the prestigious Lloyd's, is a testament to Tickmill's dedication to its clients' funds protection. Tickmill already has…
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Experts estimate that such an acquisition could be worth as much as $60bn. They would be Exxon’s most significant endeavour since the $81bn merger with Mobil Corp. in To date, one of 2023’s biggest agreements were the Pfizer Inc. $43bn acquisition of Seagen Inc. The Wall Street Journal first reported the possibility of an Exxon…
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Bitcoin was not the only cryptocurrency experiencing a decline. Ethereum also missed the mark, sliding below the $1,650 level. The global crypto market cap suffered a 0.89% blow, bringing its total value to approximately $1.08tn. Surprisingly positive results from the Job Openings and Labor Turnover Survey (JOLTS) strengthened 10-year bond yields, which are experiencing the…
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Analysts pegged the gross proceeds of this public offering at about $225m. Should the customary closing conditions be met, the offering will close on 5th October 2023. Biohaven indicated that the funds from this offering will go towards general corporate operations. The company appointed J.P. Morgan, TD Cowen, Leerink Partners, and Piper Sandler as lead…
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