Investing in the commodity sector is extremely difficult. Those who try will encounter two structural problems: the impossibility of predicting the price of the relevant raw material, whose fluctuations often defy logic; and typically the average profitability of mining companies, although we try to smooth it out over the cycle. The case of gold producers … Read more
A US court on Friday upheld an order by the Federal Trade Commission (FTC) to block IQVIA’s acquisition of DeepIntent, a healthcare advertising company, on the grounds that it could harm competition. DeepIntent, owned by Propel Media, an advertising and digital media company, entered into a 2022 deal with US-based IQVIA to facilitate communication between … Read more
Asset managers hoping to be among the first to win approval to launch exchange-traded funds (ETFs) pegged to the spot price of bitcoin updated their filings with the Securities and Exchange Commission on Thursday and Friday, with market participants believing a decision from a regulatory body could be within reach. By late Friday afternoon, BlackRock … Read more
Finnish telecoms group Nokia said on Saturday it will miss its financial targets for this year because it cannot count on revenue from license renewal talks expected to continue for much of next year. Nokia said its full-year outlook calls for the completion of rolling license renewals at Nokia Technologies, its technology unit. The company … Read more
Swiss drugmaker Roche said Friday it has agreed to buy LumiraDx’s LumiraDx diagnostics platform for about $295 million. LumiraDx shares rose 20% to 76 cents in after-hours trading. The transaction is expected to be completed by mid-2024, after which the acquired segment will become part of Roche’s diagnostics unit, the drugmaker said. Under the terms … Read more
Egg producer Cal-Maine Foods said Friday it has agreed to buy a recently closed broiler processing, hatchery and feed plant in Dexter, Missouri, from Tyson Foods. Tyson, America’s largest meat producer by revenue, said in August it would close four of its chicken plants in states including Missouri to cut costs amid slowing demand for … Read more