The recently approved Budget Law imposes over 20 billion in costs due to Maastricht constraints, with claims of increased health funding proving misleading. A regressive tax policy favors the wealthy and businesses, while local authorities face further cuts, and defense spending sees significant increases amidst austerity measures.
Cigna has revived merger discussions with Humana, although they remain in the early stages and no agreement has been reached. Cigna plans to finalize the sale of its Medicare Advantage business before pursuing further deals. The Federal Trade Commission is closely monitoring healthcare mergers, having recently increased pre-merger notification requirements.
CVS shares declined following a warning about earnings and the ousting of its CEO. The company's challenges have raised concerns among investors, impacting its stock performance significantly.
The dollar has gained momentum from the resurgence of the "Trump trade," as Donald Trump's presidential prospects improve. However, UBS cautions that while a Trump victory may provide a temporary boost, the dollar's long-term outlook remains limited, advising against holding onto stronger rallies. Emerging market currencies like the South African rand and Mexican peso are seen as favorable options for medium-term gains.
23:04 18.10.2024
EFG International AG is set to enhance its services for independent asset managers by introducing a comprehensive multi-custody platform. This expansion aims to strengthen its global offering and support the needs of independent asset management firms.
22:55 18.10.2024
SpaceX has secured $733.5 million in contracts for nine launches under the National Security Space Launch (NSSL) Phase 3 Lane 1 program, which includes seven missions for the Space Development Agency and two for the National Reconnaissance Office, set for late 2025 and 2026. The NSSL Phase 3 Lane 1 program, valued at an estimated $5.6 billion over five years, aims to expedite launch services for risk-tolerant payloads, enhancing military communications and intelligence capabilities. At least 30 missions are projected during the initial five-year period, with opportunities for emerging launch providers to participate.
Liechtensteinische Landesbank (LLB) demonstrates resilience in a volatile market, with shares trading at EUR 76.25 on October 18, 2024, reflecting a 0.33% increase and a notable annual performance of 12.96%. The bank plans a dividend of EUR 2.70 per share for 2024, offering a yield of 3.88%, appealing to income-focused investors. With a market capitalization of EUR 2.3 billion and a price/earnings ratio of 11.82, LLB is positioned as a solid investment in the banking sector.
21:14 18.10.2024
Color Health is expanding its virtual cancer clinic, targeting employers and health plans to address rising cancer treatment costs, projected to reach nearly $250 billion by 2030. The clinic offers comprehensive care from screening to survivorship, leveraging partnerships and AI tools to enhance patient outcomes and reduce financial burdens. With a focus on integrated care, Color aims to improve adherence to cancer screenings and support patients throughout their treatment journey.
China is poised for stronger growth, with UBS projecting a Q4 GDP increase of 6.5% (SAAR) and a 2024 growth forecast of 4.8%, bolstered by government policy support and improved economic data. However, potential U.S. tariff hikes could threaten this outlook, possibly pushing growth below 4%.
20:59 18.10.2024
China's economy grew by just 4.6% in the third quarter, raising doubts about achieving the annual growth target of 5%. The government is injecting over 500 billion euros into the struggling real estate sector to restore consumer confidence, but rising youth unemployment and low inflation reflect deeper issues. Critics argue that the current economic strategy prioritizing industrial production has failed, leading to overcapacity and potential economic instability.
20:46 18.10.2024

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