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naira hits record low as dollar liquidity plunges 72 percent

Nigeria’s naira has fallen to a record low, weakening 4.3% to 1,670.65 to the dollar, marking its steepest decline since October 15. This drop follows a significant 72% decrease in dollar liquidity in the foreign exchange market, which has plummeted to $81 million, the lowest in over a month.
Bloomberg.com
United States Dollar Nigerian Naira NGA
Finance & Economy, Market Report
20:45 28.10.2024

former tesla executive discusses ev policies under trump and biden administrations

Rohan Patel, a former Tesla executive, highlights the contrasting support for electric vehicles (EVs) under Trump and Biden. While Trump’s administration favored foreign-made vehicles and neglected tax credits for early EV leaders like Tesla, Biden's policies revived substantial incentives and support for domestic manufacturing. The NEVI program, with $5 billion allocated over five years, aims to enhance EV infrastructure, while recent reforms to the 30C tax credit significantly boost investments in charging stations.
CleanTechnica
Forbes AND Lomax LLC AUDI AG Tesla, Inc. Kia Chrysler Capital Auto Funding I LLC General Motors Company Ford Motor Company Mitsubishi Corporation Volkswagen AG Jaguar Cars Ltd. Nissan Motor Co., Ltd. Mercedes-Benz Group AG Hyundai BMW Bank GmbH USA Brian Henderson Rohan Patel Hasan Nazar Show more
Regulatory & Legal, Blog Post
20:31 28.10.2024

ipr001 begins first human trial as global crispr market expands rapidly

SNIPR BIOME ApS has initiated the first human clinical trial for SNIPR001, targeting E. coli colonization in healthy volunteers, set to begin in the first half of 2022. The global CRISPR technology market is projected to grow significantly, with North America leading in market share, driven by advancements in biomedical applications and increasing research activities.
Spherical Insights
United States Dollar Integrated DNA Technologies Inc. Mirus Bio LLC Sangamo Therapeutics, Inc. CRISPR Therapeutics AG Genscript Abbott Laboratories Merck & Co., Inc. NEW England Biolabs Inc. Thermo Fisher Scientific Inc. Lonza Group AG Takara Bio Inc. ABio-Rad Laboratories Inc USA DEU MEX ITA ARG AUS ZAF IND RUS JPN KOR GBR BRA CAN ARE ESP CHN Show more
Healthcare, Market Report
20:26 28.10.2024

Cargill and Bunge reduce soybean purchases amid biofuels policy uncertainty

Cargill Inc. and Bunge Global SA are reducing their soybean purchases amid uncertainty surrounding US biofuels policy. The absence of guidance on a new clean-fuel tax credit is leading biofuels producers to delay soyoil purchases for early next year, which is dampening soybean demand.
Bloomberg.com
Cargill Inc. Bunge Global SA USA Cargill Inc. Bunge Global SA
Finance & Economy, Market Report
20:20 28.10.2024

christies withdraws ferrari linked to angelina jolie from auction sale

Christie’s has withdrawn a 1958 Ferrari 250 GT, previously linked to Angelina Jolie, from its upcoming “Exceptional Sale” on Nov. 20. The decision follows doubts raised in a Ferrari forum regarding the car's ownership and a lack of clear provenance.
bloomberg.com
Christie's Assets Ltd. ITA Bloomberg Angelina Jolie
Regulatory & Legal, News Article
20:19 28.10.2024

musk proposes two trillion dollar cut to us federal budget

Elon Musk has proposed cutting at least $2 trillion from the US federal budget, a goal that would necessitate unprecedented austerity measures. This target surpasses annual spending on government operations and would likely involve significant reductions to popular entitlement programs like Social Security, Medicare, and veterans' benefits.
Bloomberg.com
Apple Inc. USA Elon Musk Donald Trump
Finance & Economy, News Article
20:13 28.10.2024

innovations shaping healthcare in 2025 mRNA technology mental health and pandemic preparedness

The healthcare sector is set for transformation by 2025, driven by advancements in mRNA technology for cancer treatment, ongoing discussions for pandemic preparedness, and enhanced access to mental health care. Despite projected growth in health spending, challenges like climate change and public funding pressures may hinder progress towards Universal Healthcare Coverage. The focus on mental health is particularly crucial as the pandemic has intensified these issues, necessitating equitable access to care.
Businessday NG
United States Dollar Moderna, Inc. BioNTech SE USA DEU Xi Jinping Joe Biden
Healthcare, News Article
20:07 28.10.2024

Schoeller Group in exclusive talks to acquire Berlin Upper West tower

The Schoeller Group is in exclusive negotiations to acquire Signa’s Upper West tower in Berlin, a significant property deal in Germany. The investment office of the industrialist family has been selected after multiple bidding rounds for the building, part of Rene Benko’s defunct empire.
bloomberg.com
Euro Schoeller Group GmbH SIGNA Charlie GmbH DEU AUT Schoeller Group Rene Benko
Finance & Economy, News Article
20:06 28.10.2024

universal health services reports strong revenue growth amid ongoing hospital expansions

Universal Health Services (UHS) reported a Q3 revenue of $3.96 billion, an 11% increase from the previous year, driven by growth in acute care and behavioral health services. Adjusted admissions rose 1.5%, while net income reached $258.7 million, up 55% year-over-year. UHS is also expanding its hospital network, with several new facilities set to open in the coming years.
Fierce Healthcare
United States Dollar Universal Health Services, Inc. USA Joe Biden Donald Trump Steve Filton Show more
Finance & Economy, Market Report
20:00 28.10.2024

tesla stock surge raises concerns amid weak fundamentals and declining market share

Tesla's stock surged 22% after reporting third-quarter earnings, despite automotive revenue rising only 2% year-over-year and challenges in maintaining profit margins. Hedge fund manager Paul Wick criticized the stock's rebound as disconnected from the company's weak fundamentals, including declining market share and regulatory scrutiny. Wick noted that Tesla's market share of EVs in the U.S. has fallen below 50%, with sales in California declining for three consecutive quarters, while the Cybertruck faced multiple recalls. Despite the stock's recent performance, he remains skeptical about its sustainability given the dire fundamentals.
Institutional Investor
D. E. Shaw Adviser LLC UBS AG Caxton Associates LP Bloomberg Tesla, Inc. USA Paul Wick Elon Musk Vaibhav Taneja Show more
Finance & Economy, Market Report
19:50 28.10.2024
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