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B. Riley Financial Inc. raised $236 million through the sale of rights to several consumer brands, including Hurley, English Laundry, and Limited Too, to reduce its debt. The company secured approximately $189 million in net proceeds from this transaction, while an additional $47 million came from licensing bebe and Brookstone brands. Following the announcement, shares surged by as much as 18% in New York trading.
Rising home insurance rates have led to an increase in uninsured homeowners, now at 7.4%, up from 5% since 2019. Skipping insurance may save money short-term, but experts warn it poses significant financial risks, as one disaster can lead to devastating costs. Homeowners should ensure adequate coverage, especially for perils like floods, which often require separate policies.
Biogen has appointed Daniel Quirk as Medical Director and Head of Medical Affairs, effective October 28, 2024. Quirk, who previously served as senior vice president of global medical affairs for immunology and neuroscience at Bristol-Myers Squibb, will report to Priya Singhal, Head of Development.
Adidas has reached an out-of-court settlement with rapper Ye, formerly known as Kanye West, concluding two years of legal disputes following the termination of their partnership over antisemitic remarks. CEO Bjorn Gulden confirmed that no money exchanged hands and both parties agreed to withdraw all claims, allowing them to move forward without further conflict.
The healthcare cold chain logistics market is segmented by product type, services, delivery mode, and storage techniques, with key players including AmerisourceBergen Corporation and American Airlines Inc. The Asia Pacific blood glucose monitoring system market is projected to grow at 9.5% CAGR, reaching nearly $6.8 billion by 2029, while the gene editing market is expected to expand from $5.1 billion in 2021 to $19.17 billion by 2029, growing at 18% CAGR. Additionally, the global overactive bladder treatment market is anticipated to reach $6.67 billion by 2029, growing at a CAGR of 2.9%.
415 Capital has launched its second fund, targeting EUR 150 million, to invest in breakthrough technologies for cardiovascular and neurovascular diseases. The fund has secured backing from prominent investors, including the European Investment Fund and KfW Capital, and plans to close by Q1 2025. Additionally, Dr. Azin Parhizgar and Dr. Ruben Osnabrugge have joined the Investment Committee to enhance the firm's expertise.
A significant 52% gain has been secured in a leading industrial stock, prompting a change in its rating. This development highlights the stock's strong performance in the current market landscape.
Oracle has launched a new AI-powered electronic health record (EHR) system, marking a significant update since acquiring Cerner for $28 billion. This browser-based EHR simplifies navigation with voice-activated queries, allowing doctors to access patient information quickly and efficiently, while also integrating features like the Clinical AI Agent to automate documentation. The early adopter program is set to begin next year, aiming to address long-standing challenges in healthcare.
JetBlue Airways has revised its 2024 revenue forecast downward, anticipating a 4% to 5% decline, exceeding analysts' expectations of a 3.6% drop, due to reduced domestic travel demand linked to election-related uncertainty and Hurricane Milton's impact in Florida. The airline's shares fell 4.5% following the announcement, although it reported a smaller-than-expected third-quarter loss of 16 cents per share, aided by improved demand and pricing. JetBlue is also facing higher operating costs due to ongoing engine inspections and has deferred deliveries of 44 new jets to cut capital expenditures by about $3 billion.
Silver prices are approaching the significant $35 mark just one week before the US presidential election, driven by market uncertainty. Key economic indicators, including the PCE deflator and non-farm payrolls, are set to be released, with expectations of a slowdown in job growth. The Fed Watch Tool indicates a 95% chance of a quarter-point interest rate cut on November 7, which could further influence silver's trajectory amidst heightened market volatility.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
b riley raises 236 million from consumer brand asset sale to reduce debt
United States Dollar
Limited Too
B. Riley Financial, Inc.
bebe stores, inc.
Brookstone Active ETF FUND
Hurley
English Laundry
USA
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14:04 29.10.2024
rising home insurance costs lead to increased number of uninsured homeowners
14:00 29.10.2024
Biogen appoints Daniel Quirk as new Medical Director and Head of Affairs
13:53 29.10.2024
adidas and kanye west reach out of court settlement ending legal disputes
13:52 29.10.2024
growth trends in healthcare logistics and market insights for 2029
AmerisourceBergen Corporation
Cavalier Logistics
Continental Air Cargo
Cryoport, Inc.
Lynden International Logistics
Parexel International Inc.
FedEx Corporation
GAC (Gulf Agency Company)
DB Schenker Rail AG
Kuehne + Nagel International AG
American Airlines Inc.
United Parcel Service (UPS)
DHL International GmbH
Yusen Logistics CO. Ltd.
World Courier
USA
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13:41 29.10.2024
415 Capital launches 150 million euro fund to advance medical technologies
Euro
United States Dollar
R3 Vascular
TRiCares
Supira Medical
CorFlow Therapeutics AG
Distalmotion SA
DEU
ISR
USA
Frederik Groenewegen
Azin Parhizgar
Ruben Osnabrugge
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13:31 29.10.2024
industrial stock achieves 52 percent gain as rating is updated
13:30 29.10.2024
oracle launches innovative ai powered electronic health record system
Oracle Corporation
Epic Systems Corporation Corp.
Cerner Corporation
USA
Seema Verma
Larry Ellison
Suhas Uliyar
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13:30 29.10.2024
jetblue forecasts larger revenue decline shares drop amid travel demand concerns
United States Dollar
JetBlue Airways Corporation
Airbus SAS
Pratt & Whitney Autoair Inc.
USA
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13:26 29.10.2024
silver price approaches 35 dollars ahead of crucial us election
13:12 29.10.2024
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