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Several prominent Tiger-related hedge funds made significant moves in the third quarter, establishing new top positions. Discovery Capital Management aggressively invested in Vistra Corp., Constellation Energy, and the iShares Bitcoin Trust ETF, while unloading stakes in Western Digital and Chevron. D1 Capital Partners acquired shares in GE HealthCare and Bank of America, and Viking Global Investors increased its holdings in Visa and Spotify. Long Pine Capital added Salesforce and boosted its stakes in Meta Platforms and Amazon, while Light Street Capital Management invested in GitLab and increased its positions in Advanced Micro Devices and JFrog.
UBS is pursuing a national banking license in the United States to expand its business operations. Currently holding an "Industrial loan company" license in Utah, the Swiss bank aims to gain authorization from the OCC, which would enable it to offer a broader range of banking services.
UBS is pursuing a conversion from its current Industrial Loan Company license in Utah to a National Bank license from the US Office of the Comptroller of the Currency. This change would enable the bank to offer a wider range of services, including demand deposits and additional lending products, as part of its expansion strategy in the USA. A timeline for the new license approval has not been disclosed.
Needham has upgraded Robinhood to a "buy" rating, citing that a potential victory for Trump could positively impact the stock. This move reflects optimism about the company"s future performance in light of political developments.
The global Workforce Management (WFM) software market in healthcare is projected to grow from USD 1.8 billion in 2023 to USD 6.18 billion by 2033, with a CAGR of 13.13%. North America leads in market share due to advanced technology and operational efficiency, while Asia Pacific is expected to experience the fastest growth driven by rising healthcare demand and government investments. Key players include McKesson, Oracle, and IBM, focusing on automation and compliance to enhance workforce management in hospitals and clinics.
Bank of Nova Scotia, with 49.13% of its stock owned by institutional investors, operates across various banking segments in multiple countries. Recently upgraded to a "buy" rating by UBS Group, the bank has a current average rating of "Hold" and a price target of $69.00. In its latest earnings report, it posted $1.63 EPS, slightly above estimates, with a revenue of $8.36 billion, reflecting a 3.7% year-over-year increase.
UBS is pursuing a national banking license in the US, transitioning from its current status as an Industrial Loan Company in Utah. This change, confirmed by a UBS spokesperson, aims to expand the bank's offerings, including demand deposits and additional lending products, as part of its growth strategy in the US market. The timeline for obtaining the new license remains uncertain.
CVS Health has expanded its board to 16 members, adding four new directors, including Glenview Capital Management CEO Larry Robbins, who has been critical of the company. The move follows Glenview"s acquisition of a 1% stake and aims to enhance financial and operational performance amid ongoing challenges in CVS"s insurance business. Shares rose over 3% following the announcement.
Donald Trump"s return to the White House is expected to significantly impact U.S. health care, particularly for those relying on Medicaid and Affordable Care Act plans. With Republicans controlling Congress, potential reforms could lead to increased uninsured rates and cuts to Medicaid, while enhanced ACA subsidies may not be renewed after 2025, risking coverage for millions. Additionally, the administration may expand non-ACA compliant short-term insurance options, raising concerns about coverage adequacy.
UBS is seeking to convert its current Industrial Loan Company license in Utah to a National Bank license from the US Office of the Comptroller of the Currency. This change would enable the bank to offer a wider range of services, including demand deposits and additional lending products, as part of its expansion plans in the USA. Following this news, UBS shares rose 0.23 percent to 28.14 francs.
USA
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tiger funds make significant new investments in key stocks last quarter
Visa Inc.
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16:17 18.11.2024
ubs seeks national banking license to expand us operations
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15:59 18.11.2024
ubs seeks national banking license to expand services in the usa
15:55 18.11.2024
Needham upgrades Robinhood to buy amid potential Trump victory impact
15:52 18.11.2024
global workforce management software in healthcare market poised for significant growth
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15:52 18.11.2024
bank of nova scotia receives upgrades from multiple analysts amid strong institutional interest
15:51 18.11.2024
ubs seeks national banking license to expand services in the usa
15:51 18.11.2024
cvs health expands board adding hedge fund ceo and industry leaders
CVS Health Corporation
OneMain Holdings, Inc.
Glenview Capital Management LLC
USA
Leslie Norwalk
Guy Sansone
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Doug Shulman
Larry Robbins
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15:51 18.11.2024
trump"s return could reshape health care and insurance in america
United States Dollar
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Life Planning Partners
USA
Sabrina Corlette
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15:49 18.11.2024
ubs seeks national bank license to expand services in usa
15:44 18.11.2024
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