Kinnate Biopharma (KNTE) OrbiMed Advisors - Major Stakeholder OrbiMed Advisors, a leading investment firm, holds a significant stake in Kinnate Biopharma. They currently own 8,009,729 shares of this innovative clinical-stage oncology company, which accounts for 17% of the outstanding stock. On November 13, OrbiMed Advisors, in collaboration with Foresite Capital, submitted an … [Read more...] about Activist Holdings
Forex News
Ulta Beauty Navigating Challenging Economic Climate
Wall Street is eagerly awaiting Ulta Beauty's upcoming earnings report, which is set to be released on Thursday. The report will shed light on how the popular cosmetics retailer is navigating the current challenging economic climate. In a recent research note, Citi analyst Kelly Crago expressed caution about Ulta Beauty's stock (ticker: ULTA) and lowered her price target from … [Read more...] about Ulta Beauty Navigating Challenging Economic Climate
U.S. Economy Faces Cooling Inflation as PCE Report Looms
The U.S. economy seems to be experiencing a slight cool-down, and Federal Reserve officials are expecting inflation to follow suit. The upcoming October PCE inflation report, set to be released on Thursday morning, will serve as a significant indicator. According to economists surveyed by The Wall Street Journal, the core rate of PCE inflation is predicted to see a modest 0.2% … [Read more...] about U.S. Economy Faces Cooling Inflation as PCE Report Looms
U.S. Carmakers Anticipate Robust November Sales
Analysts predict a strong surge in U.S. car sales for the month of November, despite a slight decrease in transaction prices. According to Deutsche Bank, the seasonally adjusted annual rate is estimated to reach around 15.5 million vehicles, solidly surpassing last year's figure of 14.4 million. This reflects an impressive 8% increase in year-on-year sales, driven by a 7% rise … [Read more...] about U.S. Carmakers Anticipate Robust November Sales
NASCAR Announces Seven-Year Media-Rights Deal
Introduction NASCAR announced a significant seven-year media-rights deal with Fox Sports, NBC Sports, Amazon's Prime Video, and Warner Bros. Discovery's TNT Sports, starting in 2025. Notably, this deal will include the exclusive livestreaming of top-tier races for the first time. While the financial terms were not disclosed, Sports Business Journal reported the deal to be worth … [Read more...] about NASCAR Announces Seven-Year Media-Rights Deal
