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Morgan Stanley is pounding the table on several stocks as investors wait to see if October markets are tumultous or quiet. Morgan Stanley said that even though recent data shows that total cold storage inventory has been down, Lineage still sees plenty of room for growth. Morgan Stanley walked away from Thermo's recent analyst day raving about the stock. Overseas growth, especially in China, remains subdued for now, but Morgan Stanley is optimistic that the latest China stimulus will improve the economic outlook. In addition, Morgan Stanley sees a "significant runway" for higher margins as the Federal Reserve continues its rate-cutting cycle.
Persons: Morgan Stanley, Ronald Kamdem, Kamdem, Tejas Savant, Savant, Manan Gosalia, CRE, Gosalia Organizations: T Bank, Taiwan Semiconductor, Tejas, T, Buffalo, MTB, Federal Reserve, Taiwan Locations: U.S, China
Lineage priced 57 million shares at $78 apiece on Wednesday, near the top of its initial $70 to $82 target range. "We started with one warehouse and we've done 116 acquisitions to turn Lineage into what it is today," co-founder and co-executive chairman Adam Forste said on CNBC's "Squawk Box" Thursday morning before shares started trading. In the last year alone, Lineage has acquired Grupo Fuentes, Burris Logistics, Kennedy Transportation and Harnes. Lineage has amassed over 480 facilities, totaling roughly 2.9 billion cubic feet of capacity across countries in North America, Europe, and the Asia-Pacific region. These locations create a global network of cold-storage facilities, reducing supply chain food waste and its environmental impact.
Persons: Adam Forste, Burris, we've, Forste, Kevin Marchetti, Morgan Stanley, Goldman Sachs, Morgan, Wells Fargo Organizations: CNBC Disruptor, Viking Holdings, Nasdaq, Grupo Fuentes, Burris Logistics, Kennedy Transportation, Bank of America, Lineage's Locations: North America, Europe, Asia, Pacific
While some genetic variations previously thought to be exclusive to people were found in other primate species, the researchers pinpointed others that were uniquely human involving brain function and development. They also used the primate genomes to train an artificial intelligence algorithm to predict disease-causing genetic mutations in humans. Human-related threats such as habitat destruction, climate change and hunting have left about 60% of primate species threatened with extinction and about 75% with declining populations. "The vast majority of primate species have significantly more genetic variation per individual than do humans," said genomicist and study co-author Jeffrey Rogers of the Baylor College of Medicine in Texas. The genome data can help identify the primate species in the most dire need of conservation efforts.
Persons: Thomas Mukoya, genomicist Lukas Kuderna, gibbons, Kuderna, Jeffrey Rogers, Will Dunham, Rosalba O'Brien Organizations: REUTERS, WASHINGTON, Barcelona Biomedical Research Park's Institute, Evolutionary, Illumina Inc, Baylor College of Medicine, Thomson Locations: Kinigi, Rwanda, Barcelona, Spain, Americas, Africa, Madagascar, Asia, Texas, China, Laos, Vietnam
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