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☆ Insurance stocks are rallying as a way to play one of the hottest spots for inflation
▼ + stars: | 2024-04-19 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

The stubbornly high inflation readings to start 2024 are good news for one group of stocks — insurance companies. Stocks to watch In general, Wall Street analysts are buying the underlying story for these insurance stocks. For a slightly different angle, Wells Fargo analyst Elyse Greenspan upgraded Hamilton Insurance Group to overweight last week. Potential downsides To be sure, there are several factors that could derail the rally for insurance stocks. Another concern is so-called "social inflation," in which legal trends or regulatory changes can drive costs higher for insurance companies.

Persons: Goldman, Robert Cox, Stocks, Goldman's Cox, Cox, Wells, Elyse Greenspan, Hamilton, HG, Greenspan, Jimmy Bhullar, Andrew McGee, McGee, — CNBC's Michael Bloom Organizations: Bureau of Labor Statistics, Allstate, Wall Street, PGR, Progressive, Hartford Financial Services, Hamilton Insurance Group, U.S . Insurance, JPMorgan, CNBC Locations: Northbrook , Illinois, Wells Fargo

☆ Here are Thursday's biggest analyst calls: Nvidia, Costco, Apple, Snowflake, Meta, Nike, Disney, Airbnb & more
▼ + stars: | 2024-04-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Goldman Sachs reiterates Alphabet as buy Goldman said it's sticking with its buy rating following the company's Google Cloud Next event. "We are initiating coverage of Airbnb (ABNB) with a BUY rating and a $190 per share price target." "Following a period of restriction, we are moving to an Overweight rating and a December 2024 price target of $140." "Given the increase in stock price, we believe valuation levels have disconnected from the fundamental outlook." Piper Sandler reiterates Meta as overweight Piper raised its price target on the stock to $600 per share from $525. "

Persons: Evercore, it's bullish, Goldman Sachs, Goldman, Berenberg, TD Cowen, Visa, Oppenheimer, it's, Snowflake, Raymond James, Simona Jankowski, Wells, Morgan Stanley, Moffett, We've, Marsh, Bernstein, Kenvue, underperform Bernstein, Johnson, Needham, Airbnb, CVX, TTE, Piper Sandler, Meta, Piper, Wells Fargo Organizations: JPMorgan, Apple, Mastercard, Barclays, Nasdaq, Nvidia, UBS, Gartner, IT, Deutsche Bank, ATI, Deutsche, Disney, Microsoft, TEAM, " Bank of America, Nike, of America, Citi, Robinhood, MMC, Qualcomm, Johnson, Consumer, Scotiabank, Hamilton Insurance, Costco, ~$ Locations: Albemarle, Chevron

☆ When her doctor doubted the severity of her morning sickness, this geneticist and Time Woman of the Year found the cause herself
▼ + stars: | 2024-03-28 | by ( Renée Onque | ) www.cnbc.com time to read: +2 min

Geneticist Marlena Fezjo says she had bad morning sickness during her first pregnancy, but the symptoms she experienced during her second pregnancy in 1999 were much worse. The only time Fezjo wasn't nauseous, she says, is when she laid "completely still and flat," and she wasn't able to hold down food or drinks. Fezjo was eventually diagnosed with hyperemesis gravidarum (HG), but when she talked about her symptoms with her doctor, they didn't believe they were as bad as she described. Fezjo wasn't exaggerating in the slightest: "It was so bad that I could not eat or move without vomiting." She went on to discover the gene that caused her severe morning sickness symptoms.

Persons: Marlena Fezjo, Fezjo, hyperemesis gravidarum, Wales, Kate Middleton, haven't Organizations: CNBC, National Health Service, Harmonia Healthcare

☆ Rite Aid reaches bankruptcy settlement with lenders, DOJ, McKesson
▼ + stars: | 2024-03-26 | by ( ) www.cnbc.com time to read: +2 min

The Rite Aid logo is displayed above a Ride Aid store on December 21, 2022 in Los Angeles, California. Pharmacy chain Rite Aid has reached a settlement with its lenders, the U.S. Department of Justice, and drug supplier McKesson Corp , clearing a path for Rite Aid to complete its bankruptcy case by late April, a company lawyer said Tuesday. "We have reached an agreement on all key points with all key economic stakeholders," Rite Aid attorney Aparna Yenamandra said at a bankruptcy court hearing in Trenton, New Jersey. Before it filed for bankruptcy, Rite Aid faced over 1,600 lawsuits alleging that pharmacy chain ignored red flags and illegally filled prescriptions for addictive opioid medication. Rite Aid received bankruptcy court approval to sell its pharmacy benefit company, Elixir, in January.

Persons: Aparna Yenamandra, Yenamandra, Andrew Rosenberg, Joshua Sussberg, Michael Kaplan, Kaplan Organizations: Pharmacy, U.S . Department of Justice, McKesson Corp, Aid, Rite Aid, Aid's, Brigade Capital Management, HG Vora Capital Management, Morgan Investment Management, U.S Locations: Los Angeles , California, Trenton , New Jersey

If General Atlantic decided to sell its stake, a deal could now garner more interest from investors, the sources said. A deal could value the company, which assesses global oil prices and provides industry news, at north of 4 billion pounds ($5.08 billion), Reuters previously reported. Deliberations remain at an early stage and General Atlantic and Hg may decide not to proceed with a transaction, two of the people said. Argus Media, Hg and General Atlantic declined to comment. Hg bought half of General Atlantic's 50% stake in Argus in 2019, valuing the business at more than 2 billion pounds then.

Persons: Adrian Binks, Amy, Jo Crowley, Victoria Farr, Mark Porter Organizations: Argus Media, Reuters, Private, Investments, Atlantic, Atlantic's, Argus, Astorg, Thomson Locations: GIC, London, Argus, Frankfurt

☆ US high-grade corporate bond spreads to tighten in 2024 :JPM
▼ + stars: | 2023-11-21 | by ( Matt Tracy | ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 21 (Reuters) - Spreads on U.S. corporate high-grade bonds are likely to tighten in 2024, according to JPMorgan (JPM.N). In a report published on Monday, JPMorgan forecast that returns on high-grade bonds will reach new highs in 2024 that will continue through the end of the year. The bank anticipates total returns on high-grade bonds climbing to 12.4% by year-end 2024 from 1.8% currently. Lower new bond supply next year will contribute to high-grade spreads' tightening, according to the report. At the same time as it expects high-grade spreads to tighten next year, JPMorgan forecast that high-yield bond spreads will widen.

Persons: Brendan McDermid, HG, Matt Tracy, Marguerita Choy Organizations: Wall, REUTERS, JPMorgan, HG, Federal Reserve, Treasury, UST, Thomson Locations: New York, U.S

☆ Major Study Confirms Salt's Deadly Effect on Blood Pressure
▼ + stars: | 2023-11-13 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +4 min

Investigators said theirs is one of the largest studies ever to include people taking high blood pressure meds in a look at the effect of reducing dietary intake of sodium. She said researchers previously didn't know if people already on blood pressure meds could lower their blood pressure even more by reducing their sodium intake. High blood pressure is a leading cause of illness and death worldwide. Before each study visit, participants wore blood pressure monitors and collected their urine for 24 hours. "The effect of reduction in dietary sodium on blood pressure-lowering was consistent across nearly all individuals, including those with normal blood pressure, high blood pressure, treated blood pressure and untreated blood pressure," Gupta said in a Northwestern news release.

Persons: Carole Tanzer Miller, ”, Norrina Allen, Deepak Gupta, Allen, Gupta, Dr, Cora Lewis, Johns Organizations: Northwestern University Feinberg School of Medicine, Vanderbilt University Medical Center, University of Alabama, American Medical Association, American Heart Association, Johns Hopkins Medicine, Northwestern University Locations: Chicago, Nashville, Tenn, Northwestern, Birmingham, Philadelphia

☆ Marijuana use raises risk of heart attack, heart failure and stroke, studies say
▼ + stars: | 2023-11-06 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +6 min

CNN —Older adults who don’t smoke tobacco but do use marijuana were at higher risk of both heart attack and stroke when hospitalized, while people who use marijuana daily were 34% more likely to develop heart failure, according to two new non-published studies presented Monday at the American Heart Association Scientific Sessions in Philadelphia. “You need to treat this just like you would any other risk factor (for heart disease and stroke), and honestly understand the risks that you were taking,” he said. Heart failure doesn’t mean the heart has stopped working, but that the heart isn’t pumping oxygenated blood as well as it should, according to the AHA. At the end of the study, researchers found people who reported daily marijuana use had a 34% increased risk of developing heart failure, compared to those who reported never using marijuana. Also called atherosclerosis, CAD is the most common type of heart disease, according to the US Centers for Disease Control and Prevention.

Persons: ” Robert Page II, ”, Westend61, Avilash, ” Page, it’s, Yakubu Bene, Alhasan Organizations: CNN, American Heart Association Scientific Sessions, Heart, Cannabis, Cardiovascular Health, University of Colorado Skaggs School of Pharmacy, Pharmaceutical Sciences, National Institute on Drug Abuse, Nazareth Hospital, AHA, US Centers for Disease Control, Health Locations: Philadelphia, Aurora , Colorado, Baltimore

FRANKFURT, Oct 26 (Reuters) - Private equity firm Hg is weighing options, including a sale, for its German software business F24 next year, three sources familiar with the matter told Reuters. Hg is also weighing only selling part of its majority stake in the process, which is likely to target other private equity firms, one of the sources said. Deliberations are at an early stage and sale plans may not materialise if market conditions deteriorate, the sources said. Hg, which has not disclosed the exact size of its stake in F24, declined to comment. Earlier this year, F24 said it would work with telecom operator Telenet to continue to run the Belgian government's BE-Alert warning system for the next six years.

Persons: Emma, Victoria Farr, Anousha Sakoui, Mark Potter Organizations: Reuters, Telenet, Belgian, BE, Thomson Locations: FRANKFURT, Germany, Munich

☆ Critical infrastructure design startup Transcend just raised a $20 million Series B round with this 13-slide pitch deck
▼ + stars: | 2023-08-03 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

Transcend enables companies to design more sustainable and resilient critical infrastructure. We got an exclusive look at the 13-slide pitch deck it used to raise the Series B. With Transcend, designs can be iterated and compared as many times as needed to ultimately find the most cost effective or environmentally-friendly specification. They are split between asset owners themselves, engineering companies, and companies who pitch for infrastructure work, including infrastructure players Arcadis, Black and Veatch, Brookfield Asset Management. Currently a team of 80 in the US and Europe, Transcend plans to add headcount in its marketing and sales team.

Persons: Ari Raivetz, Raivetz, isn't Organizations: Princeton, Brookfield Asset Management, Autodesk, HG Ventures, Arosa Capital, Riverstone Holdings, Aspen Capital Group Locations: Brookfield, Europe

The list includes material companies that mine the mineral, including Southern Copper Corp. and Freeport-McMoRan . Shares of Southern Copper jumped nearly 22% last month, while Freeport-McMoRan gained 11.6%. There are some other stocks on the list that have a less obvious exposure to copper, such as financial stocks Invesco and KKR . The metal often referred to as "Doctor Copper" is seen as a leading economic indicator, and financial stocks are cyclical plays. Financial stocks and copper rising could be a sign that business leaders and investors are growing more confident about the economy.

Persons: Russell Organizations: HG, Southern Copper Corp, Southern Copper, Copper Miners, KKR Locations: Freeport, McMoRan

☆ Just one drink a day can raise blood pressure, study says
▼ + stars: | 2023-07-31 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +8 min

CNN —As little as one alcoholic drink a day increased systolic blood pressure — the top number in a blood pressure reading — even in men and women with no existing hypertension, a new study found. The negative impact of alcohol on systolic blood pressure continued to rise over the years, the study found, even in men and women who drank little each day. Blood pressure and cardiovascular healthBlood pressure is measured in units of millimeters of mercury (abbreviated as mmHg), and written as two numbers, one above the other. No amount of alcohol is good for blood pressure, study says. “However, this review found relatively low levels of alcohol impacted blood pressure,” said Freeman, who was not involved with the research.

Persons: ”, Marco Vinceti, Paul Whelton, Vinceti, Andrew Freeman, Freeman, you’re, ” Whelton, we’re, “, ” Vinceti, ” Tulane’s Whelton, Whelton, ” Freeman Organizations: CNN, University of Modena, Reggio Emilia, Tulane University’s School of Public Health, Tropical Medicine, Hypertension, American Heart Association, AHA, Boston University’s School of Public Health, Jewish Health, World Health Organization, WHO, “ Locations: Italy, New Orleans, Denver, Japan, South Korea, United States

☆ What is eclampsia, the condition that may have killed Olympian Tori Bowie?
▼ + stars: | 2023-06-14 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

But it can develop in anyone, including someone who’s thin and super healthy,” said Dr. Nicole Calloway Rankins, a maternal health advocate and obstetrician-gynecologist in Richmond, Virginia. However, high blood pressure, often called the “silent killer,” does not always show signs, so the best prevention is regular checkups and blood pressure readings throughout pregnancy, experts say. That’s literally a hypertensive crisis.”For people worried about heart disease, blood pressure at those levels would be concerning, but not a crisis. What is it about pregnancy that makes high blood pressure so dangerous? “We really have to be vigilant and understand that blood pressure in pregnancy is different than outside of pregnancy.

Persons: Tori Bowie, Bowie, ”, Nicole Calloway Rankins, “, Antonia Oladipo, Eclampsia, Eleni Tsigas, Alastair Grant, Rankins, Tori, ” Tsigas, “ We’ve, Tsigas, it’s, don’t, ” Rankins, something’s, Joe Biden, Iffath Abbasi Hoskins, Gynecologists, ” Hoskins, ” CNN’s Jacqueline Howard Organizations: CNN, US Centers for Disease Control, CDC, Cleveland Clinic, Hackensack Meridian School of Medicine, Preeclampsia Foundation, National Institutes of Health, Commonwealth Fund, Dimes, Century Foundation, Data, National Center for Health Statistics, American College of Obstetricians Locations: preeclampsia, Richmond , Virginia, New Jersey, Melbourne , Florida, Florida, London, Orlando , Florida, United States

☆ Silver Lake acquires minority stake in TeamSystem for $660 million
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +1 min

May 19 (Reuters) - Italian cloud software maker TeamSystem said on Friday that private equity firm Silver Lake has agreed to acquire a minority stake in the company from Hellman & Friedman (H&F). The investment is worth 600 million euros ($660.48 million), TeamSystem said in a statement, adding that H&F will remain the majority shareholder after the transaction closes. TeamSystem, founded in 1979, provides accounting, payroll and business management software for small and medium-sized enterprises. Reuters reported in January that H&F was weighing options for TeamSystem including a sale of a minority stake in the business which could be valued at several billion euros. TeamSystem's management reinvested in the company as part of the 2021 transaction, and private-equity firm Hg held a minority stake.

☆ Mediobanca buys Arma Partners to boost tech advisory offer
▼ + stars: | 2023-05-18 | by ( Valentina Za | ) www.reuters.com time to read: +2 min

The acquisition, which Mediobanca expects to boost its fee income by 10%, comes ahead of a new three-year strategy CEO Alberto Nagel will unveil on May 24. In the same year, it advised Germany's Aareal Bank (ARLG.DE) on the sale of a stake in its $1.1 billion software unit Aareon to Advent International. The deal will boost earnings per share, based on last year's figures, Mediobanca said, without elaborating. With 86 staff and some $100 million in yearly revenue, Arma was founded in 2003 by Paul-Noël Guély, a former head of software and services investment banking at Goldman Sachs. Arma has offices also in Munich, a U.S. presence and a network of affiliated advisory firms in Japan, Australia, Israel, Turkey and Brazil.

FRANKFURT, Jan 18 (Reuters) - Hellman & Friedman (H&F) is weighing options for its Italian cloud software maker TeamSystem, a business which could be valued at several billion euros, two people familiar with the matter told Reuters. Private equity investors are showing interest in TeamSystem, which may also attract sovereign wealth funds, they said. Hellman & Friedman acquired TeamSystem in 2016 and in 2021 moved the company from one of its funds to another. TeamSystem, which was founded in 1979, generated revenue of 545 million euros in 2021, while posting adjusted core earnings of around 235 million euros, according to company results on its website. While a decision on its valuation is still in flux, that could mean more than 6 billion euros including debt, the person said.

Currently trading around $9,130, the copper price is up by 9.6% since the start of January. Investors played copper from the short side for much of last year, if they were prepared to engage at all. The funds' sudden return is a sign that many are betting on a much sunnier outlook. "To the degree these short positions have not already covered, this may support copper in the short term", the bank said. It's clear, though, that copper long positioning is primarily a bet on Chinese recovery, underpinned by measures to revitalise a foundering property sector and more metals-intensive green infrastructure.

☆ Indian shares eye muted start to 2023 on weak cues, oil rise
▼ + stars: | 2023-01-02 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Jan 2 (Reuters) - Indian shares were set to kick-start 2023 on a muted note due to higher oil prices and a surge in COVID-19 cases in China. Oil prices rose on year-end holiday travel. Higher oil prices hurt oil-importing countries like India, where crude constitutes the bulk of the country's import bill. ** HG Infra Engineering (HGIN.NS): Co declared as L-1 bidder by Delhi Metro Rail Corporation for project worth 4.12 bln rupees. ($1 = 82.7170 Indian rupees)Reporting by Bharath Rajeswaran in Bengaluru; editing by Uttaresh.VOur Standards: The Thomson Reuters Trust Principles.

☆ Land & Buildings spots a chance to build value in a real estate play with Six Flags
▼ + stars: | 2022-12-31 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

It invests in deeply discounted real estate in the public markets and select corporate engagements. Land & Buildings ("L&B") is a real estate focused investor, and this is primarily a real estate play. In its analysis, L&B assumes a 7.25% cap rate and a $2.8 billion value for the real estate. Without stabilizing operations, the real estate strategy can only create so much shareholder value. However, optimizing attendance and stabilizing operations will magnify any value created by the real estate strategy.

An experimental drug could eventually offer hope to millions of people struggling with uncontrolled high blood pressure, new research has found. Overall, 20% to 30% of adults experience high blood pressure, Brown said in an email. Uncontrolled hypertension accounts for 5% to 10% of all people with hypertension. Hypertension is diagnosed when a person has a blood pressure of 130/80, while a systolic measurement of 120-129 mm Hg is considered to be “elevated.” A normal range is less than 120/80 mm Hg. Those who received the highest dose of the medication saw their systolic blood pressure — the top number in the measure — drop an extraordinary 20 points during the study.

☆ Joan Didion’s Life in Objects
▼ + stars: | 2022-10-28 | by ( Anna Kodé | ) www.nytimes.com time to read: +15 min

(Ms. Didion’s death was the result of complications from Parkinson’s disease.) Ms. Didion’s stylish Corvette Stingray isn’t in the sale, but the photos that made it famous are. Quintana eventually pulled through, but died in 2005 at 39, a few months before Ms. Didion’s 2005 book, “The Year of Magical Thinking,” was published. In the book, Ms. Didion wrote about the heartbreak and challenges of that era of her life: “I learned to find equal meaning in the repeated rituals of domestic life. Following Ms. Didion’s passing, Ms. Smith, an artist and singer known as the “godmother of punk,” posted a tribute on Instagram, articulating what many felt.

☆ As Big Law looks to tech to help draft legal briefs and log billing hours, top firms like Orrick and Shearman & Sterling are using AI to fast-track work on M&A deals
▼ + stars: | 2022-10-20 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +6 min

Top Big Law firms like Shearman & Sterling, White & Case, and Orrick use artificial intelligence. AI tools by companies like Thomson Reuters, Litera, and Evisort are helping firms manage M&A work. Shearman & Sterling uses a wide variety of AI tools for different uses — one of the firm's go-tos for deals due diligence is Kira, a tool owned by Litera, a document-technology company that works with law firms. Even more said that over the next five years, they expected most M&A work at their firms to be supported by AI. The company uses tools such as Brainspace and Relativity, Janet Sullivan, the firm's global director of practice technology, said.

☆ Apollo Global exploring takeover of Ryder System - Bloomberg
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +1 min

Sept 27 (Reuters) - Apollo Global Management (APO.N) is exploring a takeover of freight services provider Ryder System (R.N), Bloomberg News reported on Tuesday citing people with knowledge of the matter. Apollo and Ryder did not immediately respond to Reuters requests for comment. The potential bid comes months after Ryder rejected hedge fund HG Vora Capital Management's offer to acquire the company for $4.4 billion. Last month, Apollo led a group to take air-freight company Atlas Air Worldwide Holdings Inc (AAWW.O) private for nearly $3 billion. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Kannaki Deka in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ (video) „Pot să mă așez aici?” Cum cetățenii pot amenaja spațiile publice comune
▼ + stars: | 2021-07-09 | by ( Onixmedia Srl | ) diez.md time to read: +10 min

Așadar, potrivit arhitectului, toate aceste intervenții le-am putea cataloga drept mobilier urban sau mici amenajări urbane. Dar care sunt pașii concreți pe care îi facem atunci când vrem să amenajăm o bancă sau un foișor pe domeniul public? ), gestionarul terenului probabil va solicita avizarea schiței de amplasare și a designului intervenției cu organul local de arhitectură (vezi HG 499/2000, art. Solicitantul inițiativei urmează să convingă gestionarul terenului în cauză să depună un efort suplimentar pentru obținerea acestor avize. 6Dacă intervenția dorită pe domeniul public depășește 15 m², realizarea acesteia este similară oricărei alte construcții.

Persons: Andrei Vatamaniuc, Andrei Locations: municipală

☆ Concurs pentru selectarea unei entități juridice pentru oferirea serviciilor de consultanță
▼ + stars: | 2021-07-08 | by ( Alte Articole | ) www.civic.md time to read: +2 min

Dosarul de concurs va fi expediat la adresa AO „CASMED”, str. 51, Bălți, Republica Moldova, sau prin e-mail la adresa casmed.eusuport@gmail.com. Termenul limită de prezentare a ofertelor la concurs – 26 iulie 2021. Proiectul „Abilitarea cetățenilor în Republica Moldova” este finanțat de către Uniunea Europeană și este implementat de către Agenția de Cooperare Internațională a Germaniei (GIZ). În regiunea de Nord, partenerii proiectului sunt AO „Pro Cooperare Regională” si AO „CASMED”.

Persons: Mircea cel Bătrân, Ofertanţii, Natalia Organizations: Uniunii, Agenția, Cooperare, Germaniei, Uniunea Europeană, Agenția de Cooperare Locations: Uniunii Europene, Republica Moldova, 8.04.2010, Bălți, Nord

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