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The inflation rate in the USA fell to 2.4% in September, its lowest in three and a half years, while core inflation rose to 3.3%, driven by rising rents. Although a significant interest rate cut is feasible, the Fed's cautious approach reflects concerns over persistent core inflation. Discussions on potential rate cuts in November are anticipated.
16:45 10.10.2024
Gold prices are influenced by mixed US inflation data, with consumer prices rising 2.4% in September while the core inflation rate increased to 3.3%. The Fed Watch Tool indicates an 84.9% chance of a quarter-point rate cut, though the likelihood of a rate hike has decreased. Investors are advised to monitor upcoming producer price data, as a new record high for gold at USD 2,700 remains a possibility despite recent profit-taking.
IG
15:48 10.10.2024
Concerns are rising over the sustainability of the carbon removal market, as major buyers like Microsoft dominate purchases, accounting for over 77% of 2024's total. Despite a $3.5 billion federal investment to build direct air capture hubs, demand remains insufficient, prompting calls for increased government support to ensure the sector's viability. Without broader participation and policy-driven demand, the future of carbon removal projects may be at risk.
VPBank has secured a $150 million loan from the Japan Bank for International Cooperation (JBIC) to finance renewable energy and power transmission projects in Vietnam, supporting the country's goal of achieving net-zero emissions by 2050. The agreement, signed on October 9, aligns with Vietnam's Power Development Plan and the Asia Zero Emissions Community initiative, reinforcing the partnership between Vietnam and Japan in sustainable development. VPBank continues to lead in sustainable finance, having previously raised significant international loans for environmental initiatives.
13:40 10.10.2024
Two former Pfizer executives, Ian Read and Frank D’Amelio, have distanced themselves from activist investor Starboard Value's plans to overhaul the company, citing support for current management. Starboard alleges they were coerced into this stance, claiming threats of litigation and compensation clawbacks. The investor, which holds a $1 billion stake in Pfizer, is pushing for changes amid the company's declining profitability and challenges in the pharmaceutical market.
Kamala Harris, as California's attorney general, took decisive action during the foreclosure crisis, ultimately securing a $20 billion settlement from major banks to aid homeowners. Despite significant principal reductions for over 84,000 families, many still lost their homes, highlighting the need for further reforms and accountability in the banking sector. Harris' efforts led to the Homeowners Bill of Rights, ensuring lasting protections for consumers against unlawful practices.
13:00 10.10.2024
The Mobile Telemedicine market is projected to grow from USD 9,088.38 million in 2023 to USD 14,500.16 million by 2032, achieving a CAGR of 16.85%. This growth is driven by increased adoption, government initiatives, and advancements in technology across various applications, including hospitals and home care. Key players in the market include Koninklijke Philips N.V., GE Healthcare, and IBM, among others.
A multibillion-dollar race is underway among pharmaceutical companies to develop superior obesity drugs, with key contenders like Eli Lilly's Zepbound and Novo Nordisk's Wegovy leading the market. Upcoming trial results for various drugs, including Amgen's maritide and Roche's CT-996, are highly anticipated and could reshape the competitive landscape. As companies explore innovative approaches, such as preserving muscle mass during weight loss, the future of obesity treatment remains dynamic and closely watched.
Oil prices have declined as optimism over China's economic stimulus fades, compounded by rising US crude inventories. Investors are now focused on upcoming US inflation data, with expectations of a slight decrease, while recent Fed minutes revealed no plans for accelerated interest rate cuts. Additionally, Hurricane Milton poses potential risks along the Florida coast, with expected damages in the billions.
IG
11:20 10.10.2024
The Global Digital Payment in Healthcare Market is projected to grow from USD 10.4 billion in 2023 to USD 21.62 billion by 2029, driven by the rise of telehealth services and the demand for secure, efficient transactions. North America leads this growth due to advanced technology infrastructure and significant investments in digital solutions, while challenges like data security and integration with legacy systems persist. Key players include PayPal, Square, and Stripe, focusing on innovations to enhance patient experiences and streamline billing processes.
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