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Morning Bid: Tech melts, buck bounces
  + stars: | 2022-10-28 | by ( ) www.reuters.com   time to read: +3 min
All of which raises some questions about the price at which Elon Musk eventually agreed to buy Twitter. But the dollar rallied on Friday as other central banks looked to more than match any easier Fed tilt. Eyes are shifting to another U.S. inflation update later, with European growth and inflation numbers surprising to the upside. Although spurred back higher on Friday by the inflation news, European bond markets had a dovish take on Thursday's doubling of European Central Bank interest rates to 1.5%. Key developments that should provide more direction to U.S. markets later on Friday:* U.S. September PCE price index, personal income and consumption.
The coming week is also the busiest of the corporate earnings season, with about a third of the S & P 500 companies releasing results. "Historically, the market waits for the last Fed rate hike to be introduced and then the market climbs higher. The S & P 500 was up more than 8.8% for the month. The Dow was up 5.7% on the week, the S & P 500 was up 5.7% and the Nasdaq was up 2.2%. The 50-day moving average is 3,841 for the S & P 500, and it was well above it Friday afternoon for the second time in the past week.
Biogen shares have a lot more potential upside for investors thanks to positive new data around the company's early Alzheimer's drug, Goldman Sachs said Wednesday. The upgrade followed the company's earnings call, which had a big focus on the drug, lecanemab, an anti-amyloid antibody that is in phase 3 trials. Goldman also raised its revenue estimates for the drug to $14 billion in 2035, compared with prior estimates of $2 billion. "The company is now poised to address the early Alzheimer's disease market in 2023+ following the recent topline lecanemab Ph3 (CLARITY-AD) data," Goldman analyst Salveen Richter said in a note. "With BIIB shares now trading at ~$270 post the topline CLARITY-AD data, there is roughly ~$80/share reflected in the stock for Alzhiemer's disease," Richter said.
Cofounder and CEO Jason Goldberg launched Airstack during the depths of the crypto crash. He ignored advice to take the summer off and instead built a prototype, which caught VCs' attention. Jason Goldberg cofounded his Web3 development startup, Airstack, in May, just as crypto markets began to unravel. Airstack's technology essentially creates application programming interfaces, or APIs, for Web3 applications. It improves upon existing infrastructure such as The Graph by allowing developers to access real-time data from several Web3 applications at a time, Goldberg said.
Cofounder and CEO Jason Goldberg launched Airstack during the depths of the crypto crash. Jason Goldberg cofounded his Web3 development startup, Airstack, in May, just as crypto markets began to unravel. Airtable has raised $3 million in pre-seed funding from investors including Animal Ventures, Warburg Serres, Polygon, Genblock, Fenbushi, Resolute Ventures, WW Ventures, Tensai Capital, WestWave Ventures, Lecca Ventures, and Martin Crowley's Peoples Syndicate. Airstack's technology essentially creates application programming interfaces, or APIs, for Web3 applications. It improves upon existing infrastructure such as The Graph by allowing developers to access real-time data from several Web3 applications at a time, Goldberg said.
Site-ul CNAS a devenit accesibil pentru persoanele cu deficienţe de vedereSite-ul oficial al Casei Naţionale de Asigurări Sociale (CNAS) fost adaptat pentru persoanele cu dizabilități de vedere. Pentru a accesa versiunea site-ului pentru persoanele cu deficienţe de vedere, utilizatorul trebuie să facă un clik pe iconiţa în formă de ochi, care se află în partea dreaptă de sus a paginii. Potrivit CNAS, serviciile electronice oferite sunt în permanentă dezvoltare şi actualizare, pentru ca orice persoană, indiferent de vârstă și categorie socială, să aibă acces la informația plasată pe site-ul oficial al CNAS. Casa Naţională de Asigurări Sociale îndeamnă beneficiarii, care au acces la internet, să utilizeze serviciile electronice, evitând totodată pericolele pandemiei. De la începutul anului curent, pagina oficială a CNAS a fost accesată de 3,5 milioane de vizitatori unici.
Organizations: Asigurări Sociale, Asigurări Locations: Mpay
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