French pharma giant Sanofi paid $300 million to buy 16 percent of Orano Med, a rising player in radiopharma, the emerging science of using nuclear isotopes to kill cancer tumors.
Tag: Economy
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
China’s economy expanded at an annual rate of 4.6 percent in the third quarter, according to government figures, ticking down from the previous quarter’s 4.7 percent and far short of Beijing’s 5-percent growth target for this year.
TOP TREND 2024, EV GO FU: LUCID SEEKS CASH, WILL SELL ANOTHER 262.4 MILLION SHARES
Electric vehicle maker Lucid Motors announced a plan to raise more than $750 million by selling another 262.4 million shares of common stock.
SPOTLIGHT: BIGS GETTING BIGGER
BlackRock, the world’s richest private equity firm, has announced that it is managing about $11.3 trillion for investors, the most money it has ever had under its control.
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
China’s roaring rally in equity markets seems to be running out of energy. After the People’s Bank of China created a fund to make cheap loans that people and businesses could use to buy stocks, markets soared.
TOP TREND 2023: OFFICE BUILDING BUST: LANDLORDS OFFER TURNKEY OFFICE SUITES TO LURE TENANTS
In Canada, where the office vacancy rate rose to 14.7 percent in the third quarter, office landlords are offering prospective tenants turnkey office suites, with desks, chairs, breakrooms, and other accouterments already in place.
SPOTLIGHT: BIGS GETTING BIGGER
Lower interest rates will be a boon to private equity firms, which tend to use debt to fund takeovers. The sector has booked $531 billion in deals so far this year, 38 percent more than by this time last year.
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
China’s equity markets have soared over the past two weeks in a way not seen in 16 years after the People’s Bank of China (PBoC) made cheap loans available to buy stocks.
TOP TREND 2023: OFFICE BUILDING BUST
At the 2020 onset of the COVID War and the shift to remote work, we correctly had forecast in May of 2020 that office buildings’ market value would plunge.
TOP TREND 2024, EV GO FU: EUROPEAN COMMISSION VOTES TO SET TARIFFS ON CHINESE EVS
The European Commission (EC) has received enough support from member nations to lay tariffs as high as 45 percent on electric vehicles (EVs) coming from China through 2029, the body announced.