Merck (NYSE: MRK), known as MSD outside of the US and Canada, announced today that Michael T Nally, Chief Marketing Officer, is expected to be due on Nov. Attend the Barclays Global Healthcare Conference on March 25th, 2021 at 1:50 p.m. European Summer Time
Investors, analysts, media representatives and the general public are invited to watch a live video webcast of the presentations at https: // investors at merckcom / events-and-presentation / defaultaspx
For 130 years, Merck, known as MSD outside of the United States and Canada, has been inventing and bringing drugs and vaccines to many of the world’s most challenging diseases for life, in pursuit of our mission to save and improve lives. We are showing our commitment to improve patient and community health by improving access to health care through wide-ranging strategies, programs and partnerships Today, Merck continues to lead research into the prevention and treatment of diseases that threaten humans and animals – including cancer, infectious diseases such as HIV and Ebola as well as emerging animal diseases – as we aim to be the leading research-intensive biopharmaceutical company in the world For more information, visit wwwmerckcom and connect with us on Twitter, Facebook, Instagram, YouTube and LinkedIn
This press release from Merck & Co, Inc, Kenilworth, NJ, USA (the “Company”) contains “forward-looking statements” within the meaning of the U. Safe HarborS. Private Securities Litigation Reform Act of 1995 These statements are based on the current beliefs and expectations of the company’s management and are subject to significant risks and uncertainties. If underlying assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those indicated in the statements Forward-looking statements may vary results reported
The risks and uncertainties include general industry conditions and competition general economic factors, including fluctuations in interest rates and exchange rates; the impact of the global novel coronavirus disease (COVID-19) outbreak; the impact of pharmaceutical industry regulation and health legislation in the US and internationally; global trends to contain healthcare costs; technological advances, new products and patents from competitors; Challenges in new product development, including obtaining regulatory approval; the company’s ability to accurately predict future market conditions; Manufacturing difficulties or delays; financial instability of international economies and sovereign risk; Dependence on the effectiveness of the company’s patents and other protections for innovative products; and exposure to litigation, including patent litigation and / or regulatory action
The company undertakes no obligation to publicly update any forward-looking statements as a result of new information, future events, or for any other reason. Please refer to the annual report for additional factors that could cause results to differ materially from those described in the forward-looking statements 2020 on the company’s website (wwwsekgov)
on Form 10-K and in the company’s other filings with the SEC
NEW YORK, 3 March 2021 / CNW / – Pomerantz LLP Announces Class Action Lawsuit Against FuboTV, Inc (“Fubo” or the “Company”) (NYSE: FUBO) and some of its officers
Cloud content management and file sharing services provider Box saw excellent fourth quarter earnings growth driven by higher sales and improved margins Box (BOX) reported an adjusted profit of $ 022 per year Stocks that beat analysts’ expectations of $ 017 and jumped 2143% year-over-year Revenue of $ 198.9 million surpassed the street’s estimate of $ 1966 million, up 8% from the same period last year The company’s non-GAAP gross margin improved 200 basis points to 73% while non-GAAP operating margin rose 11 percentage points to 18% Dylan Smith, CFO of Box, said, “Our focus on profitable growth has helped us increase operating margins and cash flow over the past year Significantly improve We will continue to focus on improving profitability in the future while investing in our expanded market opportunities. to accelerate sales growth ”(See Box stock analysis on TipRanks) Box’s outlook for the first quarter and fiscal 2022 exceeded Street’s estimates. For the first quarter, the company expects sales and non-GAAP earnings in the range of $ 200 million to $ 201 million and $ 016- $ 0 each share Street estimates for first quarter revenue and earnings are $ 199 million and $ 016, respectively. For fiscal year 2022, revenue is expected to be between 840 and US $ 848 million forecast, while analysts expect sales of US $ 839 million. The company forecasts adjusted earnings of US $ 076- $ 081 per share for the fiscal year compared to the consensus estimate of US $ 0.076 after earnings release, the Oppenheim-based analyst reiterated Ittai Kidron has a buy rating and a target price of $ 24 (28% upside potential) In a note to investors, Kidron wrote, “Box delivered a solid quarter with several positive results Management’s sales strategy is successful and Box’s SMB customers are showing signs of a return to pre-COVID-19 levels as Box continues to operate , We expect business and net retention to improve The consensus among analysts is a moderate buy based on 3 buys and 2 holds The average price target for analysts is $ 2133 implies an upside potential of about 14% from current levels Shares are up roughly 11% in the past year. Related News: B&G Foods Falls More than 6% On 4Q Result Miss Ambarella Pops 8% On Optimistic Outlook, 4Q Results Beat AutoZones Domestic Sales In The Same Business Fuel 2Q Beat ; Street Is Bullish Recent Articles From Smarter Analyst: Urban Outfitters 4Q Revenue Decline Due To COVID-19; Shares Slip B&G Foods Falls More than 6% on Fourth Quarter Results Miss AutoZones Domestic Sales In The Same Business Fuel 2Q Beat; Street is bullish Ambarella Pops 8% on Optimistic Outlook, 4Q Earnings Beat
(Bloomberg) – Anghami, the Abu Dhabi-based music streaming service that claims over 70 million users, announced that it is listed on the Nasdaq Stock Exchange in New York by opening a blank check- Companies to merge and thus create the conditions for this One of the largest investments in a technology start-up from the Middle East in yearsAnghami, Arabic for “my music”, merges with Vistas Media Acquisition Company Inc, a special-purpose acquisition firm established last year, said in a statement Wednesday that an earlier report by Bloomberg News confirmed the deal is the first listing of a native Middle Eastern tech company on the Nasdaq in New York after the deal Anghami could be worth nearly $ 300 million, those familiar with the matter said, declining to be named The deal includes a combined pledge from UAE finance firm Shuaa Capital of $ 40 million USD and the parent company of the SPAC sponsor for what is known as PIPE (Private Investment in Public Equity) funding, according to Elie Habib, one of the two founders of Anghami, the music platform will use part of the newly raised funds to raise content in markets such as Saudi Recruiting and investing in Arabia and EgyptThe deal will “allow us to accelerate our growth and get to places we could not previously reach,” he said in an interview. “We want to have a deeper penetration into the high-growth markets high revenue, “he said. A successful listing of Anghami would add to a number of important technology businesses in the Middle East that began with the acquisition of local businesses by Uber Technologies Inc Have started and Amazoncom Inc SPACs are often formed to give private companies the ability to raise new funds to grow and trade directly without going through the costly and time-consuming process of going public. Startup Boom Despite the shock waves of the coronavirus pandemic, regional startups have a year Received roughly $ 1 billion in funding in 2020, 13% more than last year, according to Magnitt Inc Based in Dubai, Anghami moved its headquarters from Lebanon to the capital of the United Arab Emirates earlier this year in collaboration with the Abu Dhabi Investment Office.It was a coup for Abu Dhabi, which included tech companies and technology companies as part of its efforts to diversify the oil-dependent economy Founded in 2012 in Beirut, Anghami has grown to become one of the most popular streaming platforms in the region, delivering approximately 1 billion streams per month and serving 57 million songs to more than 70 million registered users, with offices across the Arab world Anghami fights for regional hegemony with Spotify Technology SA and Deezer SA Shareholders of Anghami include regional venture capital companies and strategic shareholders such as Middle East Venture Partners, Samena Capital and Emirates Integrated Telecommunications Co, MBC Group and Etihad Etisalat Co In total, they own around 68% of the company, with the rest controlled by the founders. VMAC is headed by Chief Executive Officer F Jacob Cherian, a former employee of JPMorgan Chase & Coand co-founders Abhayanand Singh, the head of the Singapore-based media investment company behind the SPAC, and Saurabh Gupta, a former banker and co-producer of several Vistas films, began trading on Nasdaq in August after going public for $ 100 million. Shuaa Capital invests in music tech streaming service AnghamiAnghami worked with investment bank JPMorgan over the past year to raise new capital and review strategic options to expand, sources told Bloomberg at the time that Shuaa was investing more recently Capital also into the music platformDubai-based deNovo Corporate Advisors acted as financial advisor to VMAC and its parent company Vistas Media CapitalFor more articles like this, please visit us on BloombergcomSubscribe now to stay ahead of the game with the most trusted business news source © 2021 Bloomberg LP.
(Bloomberg) – Sea Ltd expects e-commerce revenue to double in 2021, which continues the rapid pace of growth as Southeast Asia’s most valuable company counts on regional demand for online shopping to continue following the pandemic, revenue soared to $ 1.6 billion in recent years three months of 2020 from $ 7772 million a year ago, Singapore-based Sea said in a statement on Tuesday, the net loss rose to $ 5236 million from $ 2838 millionSea, backed by Tencent Holdings Ltd., has become a sensation on the stock market since it went public in New York in 2017, as investors bet it can establish itself as the leader in e-commerce and gaming in Southeast Asia, among companies valued at $ 100 billion For US dollars or more, the stock is the # 1 performer in Asia since early last year, just behind Tesla Inc. Global Attempts are also being made to establish fintech as the third growth driver Sea announced on Tuesday that it has acquired Composite Capital Management, a Hong Kong-licensed global investment management firm that will provide $ 1 billion for Sea Capital, a new one Platform established to manage its overall investments Composite Capital founder David Ma, former partner of Chinese private equity giant Hillhouse, will become Sea Capital’s chief investment officer reporting to Forrest Li, Sea’s chief executive officer “Sea’s growth prospects are Still promising and based on the growing digital economy in the region, “write Citigroup analysts, led by Alicia Yap.” The guide could turn out to be conservative. “Here’s a tech bubble that makes Tesla look cheap: Tim CulpanKey InsightsThe pandemic helps meet the demand in the Shopee e-commerce business vo n Sea to crank Fourth quarter revenue rose 178% to $ 842 million Sea predicts Shopee revenue of $ 4 billion to $ 47 billion in 2021, up from $ 2 billion in 2020 Hit mobile game Free Fire is fueling growth in digital entertainment Sea’s Garena, whose revenue rose 716% to $ 693 million in the last quarter, Sea Forecast Garena’s annual bookings – revenue plus accrued income changes – will rise to $ 4.3 billion to $ 4.5 billion in 2021’s e-wallet service gained more than $ 2 billion in payments for the quarter and $ 78 billion for the year Sea tries to integrate financial services into its third pillar of growth Get MoreSea Ltd 4Q Adjusted Ebitda Misses Estimates Selling and Marketing Expenses for the fourth Quarterly increased 95% to $ 6652 million, led by digital financial services Sea’s 2020 digital entertainment bookings totaled $ 3 trillion, and Garena annual revenue grew 775% to $ 2 billion Market ReactionSea’s American depository receipts ended up largely unchanged after rising as much as 11% on Tuesday (updates with the fund chief and analyst’s comment from paragraph five) For more articles like this, check out bloombergcomSubscribe now to get in touch with the most trusted business news source to stay ahead © 2021 Bloomberg LP.
(Bloomberg) – Bitcoin bounced back over 50$ 000 and surpassed key psychological levels when an upward trend was seen again after last week’s sell-off, the digital token rose 8% to trade around 51 in the early U.500 USDS Trading, hitting the highest level in a week Cryptocurrency has been volatile, prices fell 21% last week and have rebounded with the broad rally in stocks The volatility in Bitcoin and Ethereum gives the impression that they are a general barometer of risk sentiment said Steen Jakobsen, Saxo Bank’s chief investment officer, on Tuesday, prices fell 29% after Gary Gensler, candidate for chairman of the US. Securities and Exchange Commission said ensuring that crypto markets are free from fraud and manipulation was a challenge for the agency, and Gensler, who served as chairman of the Commodity Futures Trading Commission during the Obama administration, was seen as a strong advocate of digital assets He is senior advisor to the MIT Media Lab’s Digital Currency Initiative, teaching blockchain technology and digital currencies “While the Bitcoin market was quick to respond to his comments, Gensler was largely positive about Bitcoin and cryptocurrencies,” said John Wu, president of the Blockchain technology company Ava Labs “I am confident that the new administration will help drive innovation in blockchains, cryptocurrencies and digital assets rather than stifle them” For more articles like this, please visit us on BloombergcomSubscribe now to get in touch with the most trustworthy business community source of directives to stay ahead © 2021 Bloomberg LP.
Although some of the merchandise didn’t hit shelves in a timely manner, the upscale department store chain reported a less-than-expected drop in quarterly sales driven by online sales and off-price Nordstrom’s focus on e-commerce as consumers move to online shopping in the wake of the health crisis, and the growth of its off-price channel have helped increase sales even under constraints Nordstrom expects some pressure on gross margin as inventories adjust in the first quarter This is when the off-price rack stores are expected to return to normal inventory
The British pound initially fell slightly during Tuesday’s trading session but found buyers below the 139 level to turn around and rally
Musk, who heads several futuristic companies including Tesla Inc, Neuralink, and Boring Co, moved from California to the Lone Star State in December to focus on the electric car maker’s new facility in the state and its SpaceX company on Tuesday Musk previously tweeted, “Creating the City of Starbase, Texas,” without elaborating
The gold futures contract lost 034% on Monday as it fluctuated after hitting the previous local low and a support level of 1The markets are awaiting the monthly release of the job data on Friday
(Bloomberg) – Italy’s first foray into sustainable debt market is expected to bring in the largest backlog for green bond sales to date, the nation raised over 80 billion euros for its 85 billion euros sale of 2045 securities through banks, more than twice as much as when it debuted in Germany last year European nations are rushing into the market to fund a more environmentally friendly recovery from the pandemic “Investors are still buying like there’s no tomorrow,” said Jens Peter Sorensen, chief analyst at the Danske Bank A / S “The green investor base continues to grow The rush in demand has allowed the nation to subtract some basis points from pricing, the latest evidence of what is called a greenium for sustainable assets countries and companies that issue such debt and whose spending is earmarked for environmental projects have.” It often managed to get cheaper financing than traditional bonds, despite the market retreat from a year-long rally in Italian bonds after a global sell-off, investor sentiment towards the nation has shifted following the appointment of the former President of the European Central Bank , Mario Draghi, upgraded to Prime Minister this year, and its debt remains one of the region’s most profitable assetsEurope tops the debt tied to more sustainable activities The European Union has an R Selling a number of social bonds tied to an employment program and is expected to become the largest green debt issuer after sales of its recovery funds begin later this year, the boom in ESG shows no signs of slowing: Green InsightItaly got its frame last week for the issuance of green bonds and announced that it will align itself as much as possible with the EU standard for green bonds in the coming months.The proceeds of the bonds will be used to finance projects ranging from renewable electricity to biodiversity, while part of it will be used to refinance previous projects between 2018 and 2020, Italy lowered its sales forecast twice to 12 basis points versus its 2041 bonds, from an original 15 basis points before the € 33 billion backlog for sales in Germany in September according to data from Bloomberg de r largest recorded, the country hired Credit Agricole SA and Intesa Sanpaolo SpA as structuring advisors, as well as BNP Paribas SA and JPMorgan Chase & Co and NatWest Markets join forces to lead sales “The timing is perfect,” said Althea Spinozzi, a fixed income strategist at Saxo Bank A / S “By issuing a green bond, Italy is ensuring the market gets more attention and therefore has better bid metrics than a traditional issue. It’s a win-win situation” (updates with sales and order sizes in the second paragraph) For more Articles like this please visit us on BloombergcomSubscribe now to stay ahead of the game with the most trusted business news source © 2021 Bloomberg LP.
Robinhood, the online brokerage used by many retailers to pile into heavily discounted stocks like GameStop Corp, has made ambitious efforts to lend its clients’ stocks to short sellers as it expands its business in size The jump underscores Robinhood’s rapid growth over the past year as the number of retail investors rose sharply during the pandemic in the work-from-home environment and retail brokers largely eliminated trading fees A model pioneered by Robinhood Robinhood, of Menlo Park, Calif., Is expected to go public this year with a value of more than $ 20 billion
Carmaker Stellantis, created through the merger of Peugeot manufacturer PSA and Fiat Chrysler (FCA), aims to increase profit margins this year to the level that its CEO Carlos Tavares achieved at PSA Mit 14 brands under one roof, including Fiat, Peugeot, Opel, Jeep, Ram and Maserati, became the world’s fourth largest automaker in January The group said on Wednesday it is aiming for an adjusted operating profit margin of 5.5% -75% this year, assuming there are no further significant COVID-19 lockdowns
(Bloomberg) – Ting Hsin International Group, the Taiwanese food company behind the Master Kong brand, is considering an IPO of its restaurant business in mainland China in Hong Kong, which has invited banks to apply for a role on the listing, said the people who asked not to be identified because the information is private, the Taiwanese company could make the list of restaurant chains Dicos, a well-known fried chicken brand, and Master Kong Chef’s Table, which specializes in Taiwanese-style beef noodles from Hong Kong IPO could raise about $ 800 million, one respondent said the deliberations are in the early stages and the company may decide not to go public, according to interviewees, a representative from Ting Hsin was unable to comment immediately onDicos operates around 2600 branches across China and employs more than 70 according to a press release000 employees who serve 600 million customers annually In January the company announced that it had added the vegetable egg substitute JUST Egg to its menu at over 500 locations in China. According to market research provider Euromonitor International, the chain in China ranks third among the market shares Limited service restaurants, which include fast food and takeaway restaurants, Dicos’ 1, Yum China Holdings IncKFC and McDonald’s Corp. in which LandTing Hsin is a major shareholder of Tingyi (Cayman Island) Holding Corp., a Hong Kong-listed company selling Master Kong branded noodles, teas and juices, and PepsiCo IncOfficial partner in China (updates with Dicos market share in the fifth paragraph) For more articles like this, please visit us on BloombergcomSubscribe now to stay ahead of the game with the most trusted business news source © 2021 Bloomberg LP.
German exports to the UK fell by almost a third in the first month as part of post-Brexit trade agreements, new figures have revealed that the end of the Brexit transition period was announced by Germany’s official statistics agency for a decline in exports to the UK in January blamed by 30 percentage points year-on-year, but economists predicted the trade slump will moderate.New tariff regulations for exporters exacerbated a fall in trade already triggered by the Covid crisis amid complaints about post-Brexit agreements causing higher costs and delays for Companies caused January’s decline, equivalent to a 15-percent drop, imports from Germany fell 5 percentage points in 2020, but the recent slump in trade was still not as severe as it was in the worst months of the first lockdown in German imports Britain’s early life outside the EU was also worsened by the stockpiling of many companies in December when the Brexit talks got underway “We expected very weak exports from the eurozone to the UK for January, partly due to teething problems at the border but also due to the fact that hoarding has already satisfied a large part of the UK’s demand for European goods, “said Bert Colijn, ING’s Eurozone economist January saw a very sharp surge in euro area exports, which confirms this picture. “He predicted a rebound from the January nadir but warned that” expectations are that longer-term trade will be weaker than without Brexit ” UK companies have complained that the new trade agreements have increased costs and caused delays The disruption for European exporters could worsen in the coming months, however, when the UK takes full control of incoming goods Rod McKenzie, director of politics and public affairs at the Road Haulage Association, said UK-EU trade did has improved in recent weeks but warned that “there are still significant underlying issues” He said phytosanitary controls – measures to curb the invasion of plant pests and diseases – could be enforced from April onwards, would be a “real stress point” as European companies were unprepared. “Many people are unaware of the April changes in Europe and those who are very concerned about it and may change their business model accordingly. “More detailed trade data will be released next week on automobiles, pharmaceutical and medical products, electronics and non-ferrous metals such as copper and aluminum, the main imports from Germany. Germany is the second largest after the US The UK’s trading partner, but the UK imports more elsewhere from Europe’s largest economy The UK imported goods worth $ 55 billion in 2020 GBP from Germany and exported 32 billion, according to the Office for National Statistics GBP into the industrial power plant However, German-British trade has been declining in recent years and was worsened by the Covid blow.German imports of cars, medical devices and non-ferrous metals to the UK have fallen by a third in the past five years, according to a survey by the British Chambers of Commerce warned last month that half of UK exporters were struggling to trade with EU companies after the end of the Brexit transition period, it found that a quarter of UK exports were either planning to reduce their EU exports, or in the next 12 Months would not come on the market The government has a fund of 20 million GBP set up to help small businesses change trading rules and give them access to grants of up to 2Allow £ 000 for professional advice or training
GameStop came to prominence this year after commentators on Reddit forum r / wallstreetbets helped grow the struggling video game business nearly tenfold in one week as the Reddit crowd attempted to combat the huge interest of short sellers in GameStop, borrow and sell the stocks in the hopes of buying them back later at a lower price and making a profit. When a stock goes up, investors who cut it are on the lookout for potentially unlimited losses, and the irrational rally of GameStop forced those who bet against their stock to cover their losses
Texas utility Brazos filed for Chapter 11 bankruptcy protection after collecting bills from massive outages during the February winter storm
Stock futures rose on Wednesday morning after slipping the day before as investors weighed optimism about widespread post-pandemic store openings against concerns about economic overheating
World news – USA – Merck presents itself at the Barclays Global Healthcare Conference