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sequoia and others profit from stripe's acquisition of crypto platform bridge

Sequoia Capital and other venture firms are set to gain over $100 million from Stripe Inc.'s acquisition of crypto platform Bridge for $1.1 billion in cash and stock. This deal marks a significant win for VCs in a challenging market, with Bridge, founded less than three years ago, providing a quick return on investment.
Bloomberg.com
Sequoia Capital Ribbit Capital Index Ventures Stripe USA Show more
Finance & Economy, Market Report
22:59 28.10.2024

French government plans significant cuts to healthcare reimbursements in budget review

French MPs have begun reviewing the Social Security budget, which is under pressure as the government aims to reduce the deficit. The plan includes 1.2 billion euros in savings, primarily through cuts in health reimbursements, especially affecting the civil service.
France 24
Euro Apple Inc. FRA
Finance & Economy, News Article
22:58 28.10.2024

netflix considers imax release for new chronicles of narnia film

Netflix is in discussions to release Greta Gerwig's remake of The Chronicles of Narnia in Imax theaters worldwide, marking a significant shift for the streaming service, which has typically focused on its own platform. Gerwig, known for her success with Barbie, aims to capitalize on Imax's extensive global reach, which includes nearly 2,000 screens across 90 countries.
Bloomberg.com
Netflix, Inc. IMAX Corporation Greta Gerwig Barbie
Finance & Economy, News Article
22:54 28.10.2024

medical fabrics market projected to grow by 1.16 billion by 2028

The global medical fabrics market is projected to grow by USD 1.16 billion from 2024-2028, driven by heightened hygiene awareness and the integration of smart textiles in healthcare. Key applications include real-time patient monitoring and advanced therapeutic garments. However, fluctuating crude oil prices pose significant challenges to production costs.
@PRNewswire
United States Dollar 3M Company Kimberly-Clark Corporation DuPont de Nemours, Inc. Owens and Minor Inc. USA JPN BEL FIN GBR NLD DEU EIA Elon Musk Jesse Maida Show more
Healthcare, Market Report
22:53 28.10.2024

medical fabrics market projected to grow by 1.16 billion by 2028

The global medical fabrics market is projected to grow by USD 1.16 billion from 2024 to 2028, driven by heightened hygiene awareness and the integration of smart fabrics in healthcare. These advanced textiles enable real-time patient monitoring and enhance comfort through features like temperature regulation and antimicrobial properties. Key players include 3M, DuPont, and Cardinal Health, while challenges such as fluctuating crude oil prices persist.
@YahooFinance
United States Dollar Asahi Kasei Corporation Ahlstrom Oy DuPont de Nemours, Inc. Cardinal Health, Inc. Kimberly-Clark Corporation 3M Company Owens and Minor Inc. Kimberly Clark Corp. 3M Co. Freudenberg and Co. KG MillerKnoll Inc. DuPont de Nemours Inc. Show more
Technology & Innovation, Market Report
22:53 28.10.2024

currencies rally as euro yen and dollar yen gain momentum

EUR/JPY and USD/JPY continue to rally ahead of the Bank of Japan's interest rate decision, with EUR/JPY targeting the ¥167.33-¥168.01 resistance zone after surpassing the previous range. Meanwhile, AUD/USD has dropped to its $0.6580-58 support zone, which is expected to hold this week.
IG
Australian Dollar Euro United States Dollar Japanese Yen
TradFi, Market Report
22:49 28.10.2024

oil prices fall on middle east de-escalation hopes gold and coffee steady

Oil prices fell 6% amid easing tensions in the Middle East, as Israel's military response avoided Iranian oil facilities. Gold remains steady below record highs, while Arabica coffee prices bounced off support levels, with potential resistance at 255.70.
IG
United States Dollar Show more
TradFi, Market Report
22:48 28.10.2024

UK budget expectations signal cautious approach and potential market reactions

The Labour government is set to unveil its first budget in 14 years on October 30, aiming to manage expectations by pre-releasing negative information to avoid market instability. With a cautious approach following the Conservative Party's previous economic turmoil, no increases in income tax, VAT, or National Insurance are expected.Investors may see a relief rally in UK stocks and a strengthening of the pound, despite potential challenges for sectors like gambling and wealth management. Anticipated changes to capital gains tax could impact investment, while infrastructure investments may boost housing stocks, particularly benefiting major builders like Barratt Redrow.
IG
British Pound Sterling St. James's Place plc Entain plc Flutter Entertainment plc Barratt Redrow plc GBR Barratt Redrow Rachel Reeves Show more
TradFi, Market Report
22:47 28.10.2024

seven critical reasons against a second trump presidency

Donald Trump’s potential return to the presidency raises significant concerns, including his criminal convictions, failure to support the American populace during his previous term, and actions undermining democracy. His administration's environmental policies and handling of crises, such as the COVID-19 pandemic, further highlight the risks of his leadership. The implications of his past actions and ongoing controversies suggest a troubling path for the nation.
CleanTechnica
United States Dollar GM 2 LLC Tesla, Inc. USA Joe Biden Donald Trump Elon Musk Show more
Regulatory & Legal, Blog Post
22:47 28.10.2024

TPG financing complicates Dish and DirecTV merger negotiations

A financing arrangement led by TPG Angelo Gordon is complicating the proposed merger between Dish Network and DirecTV. Dish's agreement to merge involves AT&T transferring its majority stake in DirecTV to TPG, while TPG's credit arm is set to provide a loan to cover $2 billion in unsecured Dish notes due soon, regardless of the deal's outcome.
Bloomberg.com
Dish Network Corp. AT&T Inc. DirectView Holdings Inc. TPG Inc. USA Show more
Finance & Economy, Market Report
22:41 28.10.2024
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