Author: Press Room
Diego Thomazini Altamira Therapeutics (NASDAQ:CYTO) shares surged on Friday after the therapeutics developer announced partial spin-off of its subsidiary Altamira Medica for a cash consideration of around $2.3M. The company entered into a binding deal with a Swiss private equity investor to sell 51% stake in Medica, whose key asset is Bentrio – an FDA-approved drug-free OTC nasal spray used for the treatment of allergic rhinitis. Subject to customary closing conditions, the transaction is set to close on November 21, 2023. Medica will continue to operate under its current name and with current staff in collaboration with Altamira (CYTO). Altamira…
The fur balls might be coming back to Washington and San Diego.Xi Jinping, China’s leader, said in a speech on Wednesday night that his nation’s best diplomats, giant pandas, might soon return to zoos in the United States that have recently sent bears back to their homeland.“We are ready to continue our cooperation with the United States on panda conservation, and do our best to meet the wishes of the Californians so as to deepen the friendly ties between our two peoples,” he told a gathering of mostly business executives at a dinner in San Francisco.Mr. Xi pointed out that…
US stocks dipped Friday but are poised for weekly gains as bond yields fell further. The S&P 500, Nasdaq, and the Dow Jones Industrial Average are up about 2% or more this week. That’s as inflation data came in lower than expected, raising hopes for the end to Fed rate hikes. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app US stocks slipped Friday but are poised for weekly wins, riding the wave of optimism around the end to the Fed’s rate hikes.The S&P 500,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The head of the London Stock Exchange Group has argued that companies going public in New York do not receive a higher valuation than they would in London, responding to the drift of listings away from the UK. “The notion that you get a better valuation in the US, it’s a myth,” David Schwimmer said. “If you look company by company and adjust for growth rates and other factors, London is at, and in some cases higher, in terms of valuation [than the…
NEW YORK – UBS has expressed caution regarding India’s equity market, highlighting concerns over inflated asset prices that do not fully reflect modest corporate performance. The global financial services firm points to potential consumption threats in rural areas due to the impact of El Nino, which could further strain the country’s economy. In addition to these economic challenges, UBS notes the optimistic assumptions investors have made about the continuity of the current political regime in India. With national elections on the horizon next year, such expectations could significantly influence investor sentiment and market stability. Despite these reservations, India has seen…
© Reuters. FILE PHOTO: People attend a Stellantis presentation at the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/David ‘Dee’ Delgado/File Photo United Auto Workers (UAW) members at Stellantis NV (NYSE:) have voted in favor of a tentative labor deal, the union’s vote tracker showed on Friday, cementing a historical contract with record pay hikes.
Rithm Capital closes on Sculptor deal after months of challenges
© Reuters. NEW YORK – Binance, the world’s leading cryptocurrency exchange, is set to remove several spot trading pairs involving the Russian (RUB), including and BNB/RUB, amid regulatory challenges and liquidity issues. The company announced today its decision to exit the Russian market through a sale to CommEX, coupled with the cessation of Russian Ruble deposits. In a strategic move that will unfold over the coming months, Binance also revealed plans to discontinue its BUSD stablecoin pairs by February 2024. This decision will affect liquidity pools for major cryptocurrencies such as (BTC) and (ETH). Additionally, margin trading pairs that include…
New York Attorney General Letitia James is seeking a December deadline for a judicial response to former President Trump’s motion for a mistrial in his highly publicized civil fraud case. Trump’s team filed the motion for a mistrial Wednesday, citing Judge Arthur Engoron’s past social posts on an alumni page for Wheatley School. In the posts, the judge appears to reference the case, as well as Trump and members of the former president’s family. “In this case, the evidence of apparent and actual bias is tangible and overwhelming,” wrote Trump lawyers Clifford Robert and Alina Habba. TRUMP TAKES THE STAND IN CIVIL TRIAL…
Smugglers are using Telegram groups to sell their services to Ukrainian draft dodgers, per the BBC.Services include creating fake medical exemptions and adding pretend children to their families.A Ukrainian lawmaker told the outlet that corruption is “widespread.” Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Smugglers are using Telegram to sell their services to Ukrainian men trying to flee the army’s compulsory military conscription, according to a BBC investigation.At least six Telegram groups, some of which have several thousand members, are offering the services,…