A parliamentary commission in Switzerland is set to present its investigation report on the emergency takeover of Credit Suisse by UBS on Friday. The report, anticipated by both politicians and the public, is expected to criticize the Financial Market Supervisory Authority, the Ministry of Finance, and the Swiss National Bank for their roles leading up to the crisis. This inquiry marks the fifth of its kind in modern Swiss history, following a significant event that has impacted the nation's self-image regarding financial stability.
Nestle has launched protein shots in the U.S. aimed at weight-loss drug users, designed to suppress appetite by mimicking the GLP-1 hormone. The Boost Pre-Meal Hunger Support drink, containing whey protein and low calories, is intended to be consumed before meals and is priced at $10.99 for a pack of four. While it may enhance GLP-1 release, experts question its long-term effectiveness compared to traditional weight-loss medications.
Sonic Labs has launched the Sonic mainnet, an EVM-compatible layer-1 blockchain capable of processing over 10,000 transactions per second with sub-second finality. The platform introduces a Fee Monetization model that rewards developers with up to 90% of network fees, enhancing incentives for application development. Additionally, the Sonic Gateway offers a secure, decentralized bridge to Ethereum, ensuring asset protection and efficient transfers.
UBS has reduced its price target for Pernod Ricard from 122 to 118 euros, maintaining a "Neutral" rating ahead of the company's second fiscal quarter results due on February 13. Analyst Sanjeet Aujla anticipates a 2.9 percent decline in organic growth, which is worse than market expectations.
UBS reports that nearly all preconditions for a market bubble are currently present. The analysis highlights the importance of understanding these conditions and suggests strategies for hedging against potential market volatility. Investors are advised to remain vigilant in this environment.
UBS reports that nearly all preconditions for a market bubble are currently present. The analysis highlights the importance of hedging strategies in light of these conditions, suggesting that investors should be cautious and proactive in managing their portfolios.
Dogecoin (DOGE) recently peaked at $0.48, forming a rising wedge pattern that indicates a corrective Wave 4 pullback. Key support levels to watch are $0.33, $0.29, and $0.24, while bullish momentum requires reclaiming $0.38 and breaking above $0.45. The RSI downtrend suggests reduced momentum, signaling a potential consolidation phase.
Raiffeisen Bank International AG analyst Alexander Frank maintains a Buy recommendation for IBM shares, raising the price target to USD 250.00. The company is expected to leverage advancements in optics and artificial intelligence, particularly in its strong software segment, potentially exceeding current outlooks. Ongoing research and development efforts are anticipated to positively impact performance in the coming quarters.
US inflation has decreased this year, influenced by the owners' equivalent rent, which does not reflect actual consumer spending power. The Fed, having been slow to cut rates, is expected to proceed cautiously next year, especially amid uncertainties from potential sales taxes under President-elect Trump. Meanwhile, the UK may also lower rates gradually due to deflation in input producer prices, while the ECB's consumer price inflation figures remain stable and largely unreactive.
BioAge Labs has announced a multi-year collaboration with Novartis to discover novel therapeutic targets for age-related diseases, leveraging BioAge's extensive human longevity data and Novartis's expertise in exercise biology. The partnership includes up to $20 million in upfront payments and research funding, with potential future milestones totaling up to $530 million. This collaboration aims to explore the biological mechanisms of aging and the benefits of physical exercise to develop transformative therapies.

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