Author: Press Room
© Reuters. By Anna Koper WARSAW (Reuters) -Abris Capital Partners investment fund is mulling a sale of private healthcare provider Scanmed Group, with Polish cardiovascular care company American Heart of Poland being the most likely buyer, sources familiar with the process told Reuters. The Polish private healthcare sector is attracting investors as Poles’ expenditures on health are growing rapidly. In 2022, expenditures on private healthcare grew by over 10% to almost 52 billion zlotys ($12.94 billion). “Abris is preparing to put Scanmed on sale with American Heart of Poland being the most obvious buyer,” one source told Reuters on condition…
NEW YORK – Silver prices soared this week, with an 8.43% increase to $23.87, buoyed by investor speculation that the U.S. Federal Reserve may pause its interest rate hikes. This sentiment is rooted in recent economic data suggesting an inflation slowdown, with October’s consumer price index remaining static and producer prices showing less aggression than anticipated. Additionally, a rise in unemployment claims is seen as aligning with the Fed’s anti-inflation goals. The market’s bullish outlook is further supported by technical analysis, indicating that silver is trading above important averages and approaching key resistance levels. Investors are closely watching the metal’s…
BMRN, TWST and CHRS are among after hour movers
President Biden invoked a Cold War-era law in a surprising move Friday to pour taxpayer funds into domestic manufacturing of electric heat pumps, an alternative to gas-powered residential furnaces.In a joint announcement with the White House, the Department of Energy (DOE) said the federal government would award a “historic” $169 million for nine projects across 15 sites nationwide in an effort to accelerate electric heat pump manufacturing. The significant level of funding was made possible after Biden utilized the 1950 Defense Production Act (DPA) to increase domestic production of green energy technologies.”Getting more American-made electric heat pumps on the market…
When you buy through our links, Insider may earn an affiliate commission. Learn more Black Friday 2023 is less than a week away, and retailers already rolling out some amazing discounts. But we know that not all deals are created equal — that’s why this guide only has the best of the best early Black Friday deals available to buy right now.Read more: Amazon Black Friday deals | Walmart Black Friday dealsBlack Friday is scheduled for November 24, the day after Thanksgiving. We’ll be covering the lead-up, the shopping holiday itself, and right through the weekend and into Cyber Monday,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.London-based hedge fund Qube Research & Technologies has denied taking a £670mn bet against HSBC shares, after declaring the position in a filing with the Financial Conduct Authority earlier this week.The position, which would equate to 0.57 per cent of HSBC’s market capitalisation, one of the biggest short positions on a big four UK bank on record, was taken out on Tuesday, according to data reported to the FCA which was published on Wednesday. But in a statement to the Financial Times…
© Reuters. Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. REUTERS/Carlos Barria/File Photo (Reuters) -ChatGPT maker OpenAI said on Friday Sam Altman will depart as the company’s chief executive officer after the board found he was “not consistently candid in his communications”. OpenAI’s Chief Technology Officer Mira Murati will serve as interim CEO, the company said, adding that it will conduct a formal search for a permanent CEO. “Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in…
© Reuters. FILE PHOTO: The Merck logo is seen at a gate to the Merck & Co campus in Rahway, New Jersey, U.S., July 12, 2018. REUTERS/Brendan McDermid/File Photo (Reuters) – The U.S. health regulator’s advisers said on Friday that data on Merck’s chronic cough drug gefapixant does not provide sufficient evidence to prove its clinical benefit for patients. The FDA panel voted 12 to 1 against the data submitted by Merck, which showed a small reduction in cough frequency and side effects such as loss of taste in patients who received the treatment. The panel’s decision comes as a…
© Reuters. CHICAGO – In early trading today on the Chicago Board of Trade (CBOT), agricultural commodities experienced mixed movements with Dec wheat rising to $5.50 per bushel and Dec corn climbing to $4.70 per bushel. However, as the day progressed, prices shifted. Corn for December delivery fell by 1.4% to $4.68 a bushel, influenced by favorable weather prospects in Brazil that could benefit crop conditions. Soybeans followed a similar trend, dropping to $13.44 per bushel. While wheat initially saw an increase during early trading, it slightly decreased later in the day to $5.52 1/2 per bushel. The dip in…
Win McNamee/Getty Images News OpenAI CEO Sam Altman has been ousted from his company by the board of directors. “Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities. The board no longer has confidence in his ability to continue leading OpenAI,” the company said in a statement. Altman was also kicked off the board of directors. Chief Technology Officer Mira Murati was appointed interim CEO to lead OpenAI. Microsoft (NASDAQ:MSFT), which reportedly owns a 49% stake in…