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☆ How a boutique bank that rode last year's healthcare M&A streak into the big leagues plans to continue to compete with the JPMorgan's of the world
▼ + stars: | 2024-03-13 | by ( Reed Alexander | ) www.businessinsider.com time to read: +9 min

It was more than double the value of the next-largest deal, a Japanese healthcare merger that clocked in at $22 billion. And, for its part, Seagen tapped advisors at two boutique firms: Centerview and MTS Health Partners. "We want to be the preeminent healthcare bank. Last year, during a healthcare M&A boom that's expected to continue this year, the bank onboarded 14 new staffers, including the partners, a company spokesperson said. Advertisement"We are absolutely in growth mode looking to have high-quality bankers who are capable of generating business off of this platform without all the accoutrements of a big bank," Weisenfeld continued.

Persons: Seagen, Andrew Weisenfeld, Goldman Sachs, Morgan Stanley, Dealogic, Weisenfeld, —, Curtis Lane, Bear, Daun Chung, Ryan Stewart, Reed Alexander Organizations: Service, Pfizer, Guggenheim, Centerview, MTS Health Partners, MTS, Goldman, JPMorgan, Bank of America, Partners, CTI, New, Bear Stearns, London Stock Exchange, Seagen, Medicines, Novartis, Chase Securities, Health Partners, Guggenheim Securities, Triple, SVB Securities, Solomon Partners, Citigroup Locations: Wall, New York City, Seattle

☆ Charlie Munger trashed crypto, warned AI hype seems overblown, and talked poker and donuts at a private event. Here's an inside look at his Zoomtopia keynote.
▼ + stars: | 2023-10-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Charlie Munger panned crypto, warned about AI hype, and trumpeted Zoom at Zoomtopia last week. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementCharlie Munger trashed cryptocurrencies, warned the AI buzz seems overblown, and praised Zoom for keeping him connected during his closing keynote at Zoomtopia on October 4. Craig Durr, research director at The Futurum Group:"Munger shared his seasoned perspective on crypto and AI – both of which he was skeptical about. He said communications help drive business, and business success is about focus and consistency.

Persons: Charlie Munger, Warren Buffett's, —, Eric Yuan, hasn't, Zoom, Tobi Tungl, Craig Durr, Munger, Eric Yuen, Mark Friedler, Warren Buffett, Eric Kunnen, Charlie, Melody Brue, doesn't, Eric, David Maldow Organizations: Service, Berkshire Hathaway's, CTI, Grand Valley State University, Moor Locations: Zoomtopia, cryptocurrencies, Grand

☆ One dead, 10 missing in Taiwan golf factory fire
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: 1 min

[1/3] A view of smoke rising from golfing equipment factory, following a fire at golf equipment factory, in Pingtung, Taiwan September 22, 2023 in this screen grab obtained from a handout video. CTI/via Reuters TV/Handout via REUTERS Acquire Licensing RightsTAIPEI, Sept 22 (Reuters) - One person died and 10 were missing after a fire and explosion on Friday at a factory in southern Taiwan that makes golfing equipment, the government said. Taiwan's fire department said the blaze broke out at a plant in an industrial zone in the county of Pingtung. The person confirmed dead was a firefighter as were three of the 10 missing, the fire department added. Reporting by Ben Blanchard; editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

Persons: Ben Blanchard, Mark Heinrich Our Organizations: CTI, Reuters, REUTERS Acquire, Rights, Thomson Locations: Pingtung, Taiwan, Rights TAIPEI

☆ Thousands without power after Typhoon Haikui batters Taiwan
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +2 min

[1/2] A collapsed canopy is seen at a parking lot as Typhoon Haikui approaches, in Hualien, Taiwan September 3, 2023, in this screengrab taken from a video provided by CTI. Haikui made landfall in the mountainous and sparsely populated far southeast of Taiwan on Sunday afternoon, the first typhoon to directly hit Taiwan in four years. Counties and cities across southern, eastern and central Taiwan cancelled classes and declared a day off for workers on Monday. Haikui is much weaker than Typhoon Saola, which hit Hong Kong and the southern Chinese province of Guangdong on Saturday. As of Monday morning, Haikui had started to enter the Taiwan Strait and head towards China, Taiwan's Central Weather Bureau said.

Persons: Haikui, Taipower, chipmaker, Saola, Ben Blanchard, Yimou Lee, Liz Lee, Tom Hogue Organizations: CTI, REUTERS Acquire, Rights, Sunday, Taiwan Semiconductor Manufacturing, Civil Aeronautics Administration, Weather Bureau, Thomson Locations: Hualien, Taiwan, Rights TAIPEI, State, Taitung, Counties, Taipei, Hong Kong, Chinese, Guangdong, Taiwan Strait, China, Fujian, Beijing

☆ Lightning Round: 'I've doubled down on my negativity' towards Zim, says Jim Cramer
▼ + stars: | 2023-05-19 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: 'I've doubled down on my negativity' towards Zim, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: Zim, CTI Biopharma, Palantir, Nextera Energy, HF Sinclair, Veeva Systems, and Range Resources.

☆ Swedish drugmaker finds alluring poison pill
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +2 min

LONDON, May 10 (Reuters Breakingviews) - Sweden’s rare disease drug maker is experiencing unfortunate deal side effects. On Wednesday, shares in Swedish Orphan Biovitrum (SOBI) (SOBIV.ST) fell 15% after it announced a plan to buy CTI BioPharma (CTIC.O), a specialist in rare blood cancers, for $1.7 billion. The Anglo-Swedish drugmaker refused to tender its shares amid a squabble over the U.S. rights for a respiratory drug. But SOBI’s new deal, which will be funded by a rights issue backed by main shareholder Investor AB (INVEb.ST), suggests Oelkers has support for a solo future. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Don Sebesky, Arranger Who Helped Broaden Jazz’s Audience, Dies at 85
▼ + stars: | 2023-05-06 | by ( Neil Genzlinger | ) www.nytimes.com time to read: +1 min

Mr. Sebesky’s musical interests ranged far and wide. From the beginning, Mr. Taylor and CTI were on a mission to broaden the audience for jazz by exploring intersections with pop, rock and R&B, and by making music that was more accessible to mainstream audiences than some of jazz’s more esoteric strains. It was an approach that displeased some purists, but it sold records, and Mr. Sebesky’s arranging skills were pivotal to that success. Mr. Sebesky arranged the saxophonist Paul Desmond’s “Bridge Over Troubled Water” (1970), an album of interpretations of Simon & Garfunkel songs. Pairing Mr. Benson with that song was an idea Mr. Sebesky had proposed to Mr. Taylor, but with a twist.

☆ Colombia arrests two more suspects in Paraguayan prosecutor's murder
▼ + stars: | 2023-01-16 | by ( ) www.reuters.com time to read: +1 min

Courtesy of Colombian Attorney/Handout via REUTERSBOGOTA, Jan 15 (Reuters) - Two more people suspected of participating in the May murder of a Paraguayan prosecutor have been arrested, the Colombian prosecutor's office said on Sunday. Prosecutor Marcelo Pecci, 45, known for fighting organized crime, was shot dead on the island of Baru near the Caribbean city of Cartagena while honeymooning with his wife. In the latest arrests, brothers Andres Perez and Ramon Perez are accused of arranging the logistics behind the murder, including hiring hitmen, who they planned to pay large sums of money, the prosecutor's office said in a statement. Attorneys for the Perez brothers could not be reached for comment. Officials seized documents, clothing and a car that had been used during the planning of the murder, the prosecutor's office added in a statement.

☆ Stocks are headed for their worst year since 2008, but some names doubled or more in 2022
▼ + stars: | 2022-12-29 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Stocks may be careening toward their worst year since 2008, but some names are completing a remarkable run after doubling or more in 2022. In 2022, the Dow Jones Industrial Average has lost 8.4%, while the S & P 500 shed 19.2%. These stocks are up more than 100% this year, and include tankers for petroleum products, energy companies such as coal firms, and biotech and pharmaceutical names, according to CNBC. Ardmore Shipping and Scorpio Tankers were the top tanker stocks, both up about 316% for the year. Energy companies came out on top in 2022 following a surge in oil and gas prices — which market participants say will remain elevated given expectations of tight supply ahead.

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