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Unilever Plc is relocating its ice cream unit from Rotterdam to Amsterdam's city center, specifically to Reguliersdwarsstraat, known for its tourist attractions. Approximately 450 employees will transition to the new office in the first quarter of next year, as the company prepares for a potential sale or listing of the business.
UBS has upgraded AO Smith (NYSE: AOS) from Sell to Neutral, raising the price target to $80 amid a more balanced risk-reward profile. The shift follows a 27% decline in the stock this year, with optimism surrounding potential government stimulus in China and easing margin pressures in North America. Despite mixed third-quarter results, AO Smith remains focused on long-term growth, bolstered by a strong cash position and a consistent dividend history.
AI startup Basecamp has secured $60 million in funding and partnered with the Broad Institute to develop "programmable" genetic medicines. The collaboration will focus on creating novel fusion proteins and leveraging a comprehensive database of biological interactions to enhance drug discovery and gene editing approaches. With a total of $85 million raised since its inception in 2019, Basecamp aims to expand its partnerships within the biopharma sector.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
unilever relocates ice cream unit to amsterdam city center ahead of sale
12:29 23.10.2024
ubs upgrades ao smith stock amid china stimulus and margin easing
10:06 23.10.2024
ai startup basecamp partners with broad institute to advance genetic medicines
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08:00 09.10.2024
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