Intra-Cellular Therapies has surprised Wall Street by projecting $5 billion in annual sales for its brain-rebalancing drug, Caplyta, which is already approved for schizophrenia and bipolar depression. CEO Sharon Mates noted the company's successful virtual launch during the pandemic and its expansion plans as it seeks approval for major depressive disorder next year. Despite initial skepticism in the neuroscience field, Intra-Cellular has thrived, with its stock price rising significantly over the past five years.
In 2025, the outlook for private infrastructure is positive, driven by resilient economic growth, above-average inflation, and declining interest rates. While private infrastructure constitutes only 4% of institutional portfolios, sectors like renewables and digital infrastructure face hype, overshadowing traditional areas such as utilities and transportation. Investors must navigate political risks and consider the upcoming maturity wall in infrastructure debt as opportunities arise.
00:58 27.11.2024
Asia markets are set to open mixed as Wall Street reaches new record highs, with the Dow and S&P 500 closing up 0.3% and 0.6%, respectively. A London hedge fund has taken a bearish stance on Cargojet, citing concerns over its aging fleet and leadership. Meanwhile, consumer confidence rose in November, with expectations for the stock market hitting a record high, driven by optimism in the labor market and improved inflation outlook.
Paycor HCM, Inc. will present at the UBS Global Technology and AI Conference in Scottsdale, Arizona, on December 4, 2024, at 12:55 pm Mountain Time. The presentation will be available for live webcast and replay on Paycor’s investor relations website. Paycor provides a comprehensive human capital management platform that enhances employee engagement and retention through data-driven insights and expert guidance.
00:36 27.11.2024
The shipping industry faces a severe seafarer shortage, exacerbated by geopolitical conflicts and changing workforce priorities. With a projected shortfall of 90,000 trained seafarers by 2026, companies are hiring less experienced personnel, leading to safety concerns and inflated freight rates. The appeal of seafaring is diminishing among younger generations, prompting firms to enhance onboard conditions to attract talent.
A short seller has taken a position against Cargojet, Canada's largest cargo airline, citing concerns over its high costs. This move highlights growing skepticism about the airline's financial health and market valuation. The situation reflects broader challenges within the aviation sector.
U.S. stock futures showed little movement as traders await the Federal Reserve's preferred inflation gauge, with Dow futures up 20 points and S&P 500 futures slightly higher, while Nasdaq-100 futures dipped. Dell Technologies fell 10% after a disappointing revenue forecast, and HP and Workday also reported weaker-than-expected earnings guidance, causing their stocks to slide. Key inflation data, including the personal consumption expenditures price index, personal income, and consumer spending, will be released on Wednesday, influencing the Fed's upcoming rate policy decisions.
Asian stocks are poised for a mixed opening as investors overlook Donald Trump's tariff plan, which has propelled the US benchmark to a new record. President Joe Biden announced a cease-fire agreement between Israel and Hezbollah. In the US, the S&P 500 has risen for seven consecutive days, marking its 52nd record this year, driven by gains in software companies like Microsoft, while automakers faced declines due to their exposure to Mexico and China.
The Dow Jones index has reached new record highs, aiming for 45,000 after a steady rise past 44,000. In contrast, the S&P 500 struggled to maintain its position above 6000 but may test recent highs again, while the Nikkei 225 has dipped to 38,000 amid concerns over potential tariffs from the new U.S. administration.
IG
23:49 26.11.2024
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