The urology medical lasers market is projected to grow from $1.01 billion in 2023 to $1.3 billion by 2028, driven by rising urological disorders and advancements in technology. Key players like Quanta System are innovating with products such as the Litho EVO holmium laser, enhancing surgical procedures. The market is characterized by increasing demand for minimally invasive surgeries and significant R&D investments.
UBS has raised its price target for Aroundtown from 2.00 to 3.30 euros while maintaining a "Neutral" rating. Analyst Charles Boissier cites lower capital costs and improved liquidity as reasons for the adjustment, although he notes ongoing dividend risks and the stock's high short-sell rate. Profit distributions are expected to resume in 2026.
09:05 04.12.2024
An influential coalition of pension funds and insurance companies, managing $9.5 trillion in assets, is urging regulators to mandate corporate disclosures of Scope 3 emissions, which often represent over 70% of a company's carbon footprint. The Net-Zero Asset Owner Alliance emphasizes the need for standardized methodologies and better data to tackle the challenges of integrating these emissions into carbon accounting. Udo Riese from Allianz Investment Management stresses the importance of moving beyond excuses to address this critical issue for environmental accountability.
The Council of States has approved the introduction of a 13th AHV pension starting in December 2026, following a unanimous decision. While the federal contribution to the AHV will be reduced and VAT increased by 0.7 percentage points to finance this pension, detailed financing plans will be discussed next year, with further evaluations expected in early 2025.
The telemedicine services market is projected to grow from $131.75 billion in 2023 to $290.59 billion by 2028, driven by factors such as increased mobile phone usage, government support, and rising healthcare demands. The market is expected to expand at a CAGR of 14.6%, with significant advancements in technology like 5G and AI enhancing service delivery. North America remains the largest market, reflecting a growing acceptance of telemedicine among insurers and healthcare programs.
AUD/USD has fallen to a five-month low of $0.6409, breaking through previous support levels, with the August low at $0.6349 now in focus. Meanwhile, EUR/GBP remains under pressure, with the 55-day SMA at £0.8340 acting as minor resistance, while EUR/USD attempts to recover, eyeing recent highs between $1.0597 and $1.0610. The market is awaiting the US ADP employment data and Non-Farm Payrolls due on Friday.
IG
08:53 04.12.2024
UBS Group AG has increased its stake in Latin Resources Limited, raising its voting power from 6.28% to 7.48% of the ordinary shares. This move underscores UBS's growing influence within the company, potentially impacting its future direction and attracting investor interest.
08:53 04.12.2024
21Shares, a leading Swiss crypto ETP issuer with USD 10 billion in assets, is restructuring into two independent units: 21Shares and 21.co Technologies. This separation aims to enhance efficiency and allow each unit to focus on its strengths, with Russell Barlow appointed as CEO of 21Shares and Duncan Moir as President. The restructuring is expected to capitalize on growing investor interest and regulatory opportunities in the digital asset space.
The impending no-confidence motions are poised to remove the government, plunging the euro zone's second-largest economy into a deeper political crisis. This development raises concerns about stability and governance in the region.
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