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Poseida Therapeutics has announced that the US waiting period for its $1.5 billion acquisition by Roche has expired, as confirmed in a filing with the US Securities and Exchange Commission. This marks a significant step forward in the deal's progression.
Roche has received approval from US antitrust authorities for its $1.5 billion acquisition of Poseida Therapeutics. This clearance marks a significant step in Roche's expansion within the biotech sector, enhancing its portfolio and capabilities in innovative therapies.
Digital Realty Trust (NYSE:DLR) has been upgraded to a "buy" rating by UBS Group, raising its target price from $147 to $205, indicating a potential upside of 14.28%. Analysts have generally positive views, with a consensus rating of "Moderate Buy" and an average price target of $174.74. The company reported a quarterly EPS of $0.09, missing expectations, while revenue was in line with forecasts at $1.43 billion.
Insiders hold 0.29% of Bank of America's stock, while institutional investors own 70.71%. Recent upgrades from UBS and Citigroup have raised the stock's price targets, with a consensus rating of "Moderate Buy" and an average target price of $46.97. The company reported $0.81 EPS for the last quarter, exceeding estimates, and has a market cap of $348.27 billion. Major shareholder Berkshire Hathaway sold over 4 million shares, reducing its stake slightly.
Ripple is enhancing the utility of its RLUSD stablecoin in decentralized finance (DeFi) by integrating Chainlink's data services. This integration, now live on the Ethereum blockchain, allows developers to utilize RLUSD for various DeFi activities, supporting secure and low-cost cross-border payments. With a market cap of $72 million, RLUSD aims to provide reliable pricing data essential for DeFi protocols, ensuring transparency and reliability in financial operations.
Ripple is enhancing the utility of its RLUSD stablecoin in decentralized finance (DeFi) by integrating Chainlink's services, which went live on the Ethereum blockchain. This integration allows developers to utilize RLUSD for trading, lending, and other DeFi activities, aiming to boost its adoption and appeal for secure, low-cost cross-border payments.With a market capitalization of $72 million, RLUSD is designed to provide reliable pricing data essential for DeFi applications, ensuring transparency and reliability in financial operations. Jack McDonald from Ripple emphasized that this collaboration positions RLUSD to support a wide range of use cases in decentralized financial systems.
Ally Bridge Group NY LLC and Ensign Peak Advisors Inc. made significant new investments in Tyra Biosciences, with stakes worth approximately $4.23 million and $3.05 million, respectively. American Century Companies Inc. increased its stake by 582.9%, now holding 170,283 shares valued at $2.72 million. The company, focused on precision medicines for FGFR biology, has a consensus "Buy" rating from analysts, with a target price averaging $30.50, despite recent earnings missing expectations.
Cardano founder Charles Hoskinson criticized the timing of Donald Trump's sentencing in the Manhattan hush-money case, calling it a divisive tactic that threatens a peaceful transition of power. He highlighted perceived inconsistencies in the U.S. justice system, citing Hunter Biden's recent pardon as evidence of unequal treatment. Hoskinson's comments reflect concerns that the ruling could exacerbate political polarization and distract from pressing national issues as Trump prepares to lead the country.
U.S. stock futures are little changed following a mixed session, with Nasdaq futures dipping slightly. Nvidia shares hit an all-time high after strong AI demand and CEO remarks, while Uber's stock rose on a collaboration with Nvidia for autonomous driving technology. Inari Medical soared 30% after being acquired by Stryker for $4.9 billion, while Tencent's stock fell 7% after being added to the Pentagon's "Chinese military companies" blacklist.
Intuitive Surgical saw a 0.3% premarket rise, while Tesla's stock dipped 1.7% after a recent surge. Nvidia reached record highs following new AI initiatives unveiled at CES 2025, contributing to a positive trend in the Dow Jones and other major indexes ahead of key employment data. Apple's stock faced a downgrade, impacting its performance, while Microsoft and Amazon also showed slight gains. Notable stocks near buy points include BlackRock, Disney, TSMC, and Fortinet, as the market anticipates the Labor Department's job openings report.
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Poseida Therapeutics acquisition by Roche receives US regulatory approval
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