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UBS has upgraded its recommendation on Deutsche Telekom from 'neutral' to 'buy', raising the price target from 31 to 33 euros, indicating a 13% upside potential. The firm highlights a PE ratio of 13.4 times and an expected EPS growth of +11% per annum, noting the company's significant presence in the US market.
Several Philippine banks are collaborating to launch PHPX, a peso-backed stablecoin designed to enhance cross-border payments and financial inclusion, with a launch expected between May and July. Developed by Just Finance on the Hedera DLT network, PHPX aims to facilitate real-time remittances, allowing overseas workers to make direct payments for expenses like school tuition in the Philippines. The initiative includes plans for a multicurrency stablecoin exchange and adheres to global compliance standards to ensure secure transactions.
UBS analyst Joshua Spector upgraded Westlake Chemical to a Buy rating, setting a price target of $144, citing a positive outlook on earnings and valuation. He noted that the stock is undervalued at approximately 6.5 times estimated 2025 EBITDA, with key products well-positioned for market recovery. The company's Housing & Infrastructure segment is expected to benefit from a potential U.S. housing market recovery, while recent earnings showed resilience despite challenges.
Ripple's stablecoin RLUSD has gained traction with major exchanges like Bitstamp, offering various trading pairs. Meanwhile, Cardano (ADA) has rebounded to $0.97, with analysts predicting potential highs of $6.45 to $7, while Bitcoin (BTC) fluctuates around $94.5K, with forecasts reaching up to $500K for 2025.
Philipp Hildebrand announced Blackrock's withdrawal from the Net Zero Asset Managers Initiative, a shift from its previous ESG commitments. This decision, influenced by legal pressures and accusations of fiduciary duty violations, aligns with a broader trend among financial firms. Despite this, Blackrock continues to manage over a trillion dollars in sustainable investments, indicating a commitment to addressing climate risks on its own terms.
U.S. stock futures are set to decline as the market opens on Monday, reflecting a fading bounce from earlier in the year. The rise in long-term bond yields is raising borrowing costs for companies, making stocks less appealing compared to bonds. Additionally, concerns over inflation and renewed tariff discussions from President-elect Donald Trump are contributing to the negative sentiment on Wall Street.
The global cancer immunotherapy market is projected to reach $135.2 billion in 2024, growing at a CAGR of 9.8% to $236.9 billion by 2030, driven by rising cancer prevalence and demand for effective treatments. North America leads the market, while Asia-Pacific is the fastest-growing region. Monoclonal antibodies dominate the product segment, with lung cancer applications holding the largest market share, and breast cancer expected to grow the fastest.
Barclays identifies three key factors shaping the stock market in 2025: Trump's economic policies, interest rates, and AI advancements. Trump's potential return to power may introduce volatility, while rising interest rates could impact equity valuations, particularly for rate-sensitive stocks. Additionally, AI investments, especially in the US, raise concerns about a valuation bubble amid strong performance driven by Big Tech, which remains crucial for market stability.
Oklahoma's Bitcoin Freedom Act, introduced by Senator Dusty Deevers, aims to legalize Bitcoin payments for wages and business transactions, enhancing financial autonomy and protecting against inflation. The voluntary measure allows companies and employees to negotiate Bitcoin pay based on market value, promoting fairness and financial sovereignty. A review of the legislation is set for February 3, 2025, as Oklahoma seeks to lead in adopting innovative financial technologies.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs upgrades deutsche telekom to buy with higher price target
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