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☆ Andreas Halvorsen's Viking Global put new money in Lululemon and Sherwin-Williams in Q1
▼ + stars: | 2023-05-16 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Andreas Halvorsen's Viking Global Investors took new positions in Lululemon Athletica and Sherwin-Williams in the first quarter, according to the hedge fund's latest 13F filing to the Securities and Exchange Commission. Fellow hedge fund manager Dan Sundheim of DQ Capital Partners dumped his entire holding in Sherwin-Williams in the first quarter. A 46% increase to Halvorsen's McKesson stake put the stock in the number two slot among his biggest holdings, at $1.14 billion. Of Halvorsen's top 10 holdings, all were increased stakes in the quarter besides Amazon, which was cut almost 40%. Correction: A previous version misstated Viking Global's actions in the first quarter as a result of an incorrect quarterly comparison.

☆ Dan Sundheim's D1 buys this large regional bank stock, trims tech holdings in first quarter
▼ + stars: | 2023-05-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Dan Sundheim's D1 Capital Partners bet on PNC Financial Services as turmoil unraveled across banks in the first quarter. The hedge fund, founded in 2018, opened a $43-million stake in the Pittsburgh-based regional bank in the first quarter, which saw the collapse of Silicon Valley Bank and Signature Bank in March, according to securities filings. D1 also made new bets on the healthcare sector, opening new positions in UnitedHealth and Danaher , and a stake worth at least $314 million in Elevance Health . While technology stocks rebounded during the first quarter, and investors gravitated back toward beaten-up growth stocks as bonds yields offered some relief, D1 reduced its exposure to some popular names. D1 managed roughly $27.6 billion in assets at the end of March, according to securities filings.

☆ Factbox: Novo Nordisk's weight-loss drug cuts heart disease risk in study
▼ + stars: | 2023-05-12 | by ( ) www.reuters.com time to read: +3 min

[1/2] A selection of injector pens for the Wegovy weight loss drug are shown in this photo illustration in Chicago, Illinois, U.S., March 31, 2023. AMGENAmgen's (AMGN.O) experimental obesity drug, AMG133, showed a mean weight loss of 14.5% after 12 weeks of treatment at the highest monthly dose. The company plans to test higher doses of the drug over a longer treatment window in a mid-stage trial. ZEALAND PHARMADenmark's Zealand Pharma (ZELA.CO) and Boehringer Ingelheim's experimental obesity treatment achieved up to 14.9% weight loss in a mid-stage trial on Wednesday. OPKO HEALTH Opko Health (OPK.O) has completed a mid-stage trial of its obesity drug, pegapamodutide, which it expects will have fewer side effects.

Persons: Jim Vondruska, Wegovy, Eli Lilly, ELI LILLY Lilly, Mounjaro, LLY.N, danuglipron, AMGEN, ALTIMMUNE, Mariam Sunny, Pratik Jain, Sriparna Roy, Sriraj Kalluvila, Anil D'Silva Organizations: REUTERS, Novo Nordisk, Pfizer, NOVO NORDISK Novo Nordisk, Novo, PFIZER Pfizer Inc, danuglipron, THERAPEUTICS, Therapeutics, ZEALAND PHARMA Denmark's Zealand Pharma, Thomson Locations: Chicago , Illinois, U.S, Bengaluru

☆ Obesity is a chronic disease. It's why treating it will be so profitable unless payers push back
▼ + stars: | 2023-04-30 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +9 min

Lilly manufactures tirzepatide, which is sold under the brand name Mounjaro as a type 2 diabetes treatment. It's the chronic nature of obesity that will make these drugs so profitable, analysts have said. Huynh increased his target due to higher expectations for Mounjaro sales this year. Huynh boosted his prediction for the drug's sales this year to $3.7 billion from an prior estimate of $2.7 billion. "$48 billion is a monster number," Holz said, referring to an annual sales estimate that Bank of America has floated for future Mounjaro sales.

☆ Lightning Round: Don't buy, don't buy, don't buy Piedmont Lithium
▼ + stars: | 2023-04-25 | 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: Don't buy, don't buy, don't buy Piedmont Lithium"Mad Money" host Jim Cramer weighs in on stocks, including Hudson Tech, Big Lots, Viking Thera, Piedmont Lithium, Best Buy, Lithium Americas and HCA Holdings.

☆ Up-close photos of the Martian moon, Deimos, are forcing scientists to rethink how it formed in the first place
▼ + stars: | 2023-04-25 | by ( Marcia Dunn | Associated Press | ) www.businessinsider.com time to read: +3 min

The United Arab Emirates' Amal spacecraft recently flew within 62 miles (100 kilometers) of Deimos. Deimos is a tiny Martian moon that was thought to be a captured asteroid from space. But new close-up photos from the Amal spacecraft suggest its origins are closer to home. The United Arab Emirates' Amal spacecraft flew within 62 miles (100 kilometers) of Deimos last month and the close-up shots were released Monday. Instead, they say the moon appears to be of Martian origin — perhaps from the bigger Martian moon or from Mars itself.

☆ 'Dream' hoard of 1000-year-old Viking coins discovered by amateurs on a metal-detector vacation
▼ + stars: | 2023-04-22 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +3 min

A group of amateur archaeologists in Denmark found a Viking silver hoard. The people who discovered the trove were on a metal-detector holiday when they came across the find. The three people who discovered the treasure trove — Jane Foged-Mønster, Louise Stahlschmidt and Mette Norre Bækgaard — told TV2 Nord that they had been on a metal-detector holiday when they made their amzing discovery. But these finds aren't the end of the discoveries, with archaeologists from the North Jutland Museums being given the grant to investigate the site further. "I hope we find the remains of a large Viking hall," Christiansen told TV2 Nord.

☆ Rising sea levels may have forced the Vikings out of a successful settlement
▼ + stars: | 2023-04-18 | by ( Katie Hunt | ) edition.cnn.com time to read: +4 min

Why they abandoned a successful settlement is a mystery that historians never have been able to fully explain. The idea that sea levels would have been rising as temperatures fell is a little counterintuitive, according to the researchers. However, Earth’s oceans aren’t like a bathtub, and the study noted that changes in sea level don’t affect all areas equally. The Greenland Ice Sheet readvanced during Viking occupation of the eastern settlement and peaked in the Little Ice Age. That advance caused sea level rise near the ice margins because of the sinking of Earth’s crust, according to the study.

☆ Power firm SSE says backing renewables can help get Britain closer to energy self-reliance
▼ + stars: | 2023-04-18 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

The chief executive of British power firm SSE says a rapid build-out of renewable projects can help the U.K. to secure its energy security and bring costs down for consumers. "Consumers everywhere across Europe have seen prices rise significantly," SSE CEO Alistair Phillips-Davies told CNBC's Arabile Gumede from the firm's Viking Wind Farm in the Shetland Islands, Scotland. Russia's full-scale invasion of Ukraine in Feb. 2022 prompted a radical upheaval of Europe's energy supplies. U.K. Energy Security Secretary Grant Shapps reaffirmed the government's plan to deliver greater energy independence last month, pledging to seek to power the country by switching to home-grown sources, including nuclear and renewables. Asked whether the U.K. possessed enough wind energy to power at least most of the U.K., SSE's Phillips-Davies replied, "I definitely think the U.K. has got a huge amount of natural resources.

☆ AlphaSense valued at $1.8 billion after CapitalG-backed fundraise
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +1 min

April 11 (Reuters) - AlphaSense said on Tuesday it has raised $100 million in a fresh round of funding backed by Alphabet's venture capital arm CapitalG that valued the market intelligence platform at $1.8 billion. Heightened volatility in the stock markets due to the U.S. Federal Reserve's monetary tightening have prompted companies to tap private investors as the appetite for public listings remains subdued. New York-based AlphaSense said it will use the funds to further its advanced artificial intelligence capabilities. Last year, the company was valued at $1.7 billion after raising $225 million. AlphaSense helps its customers extract relevant information from a trove of public and private content such as equity research, earnings calls, company filings and news.

☆ Alphabet's A.I. frenzy hits startup scene as CapitalG unit leads $100 million investment in AlphaSense
▼ + stars: | 2023-04-11 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +4 min

Google's hefty investment in artificial intelligence and the latest boom in generative AI doesn't end with its homegrown products. Alphabet's late-stage venture capital arm, CapitalG, told CNBC that it just led a $100 million investment in corporate data firm AlphaSense, valuing the company at $1.8 billion. Generative AI wasn't a talking point in the prior two rounds because the term hadn't yet jumped into the popular lexicon. Generative AI has been the one bright spot this year, turning rather frothy in some corners. He said the money will also help AlphaSense improve its technology, taking advantage of advances in generative AI.

☆ How two of North America's richest families came together to fortify Greg Fleming's Rockefeller Capital Management
▼ + stars: | 2023-04-10 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

A firm owned by one of Canada's richest clans has invested $622 million in wealth firm Rockefeller. Two of North America's richest families have partnered up to invest in wealth management powerhouse Rockefeller Capital Management. The Desmarais family invested $622 million through the Power Corporation of Canada, the financial services conglomerate the family controls, for a 20.5% stake in Rockefeller Capital Management. Paul's son and deputy chairman of Power Corp., Andre Desmarais considered the late David Rockefeller Sr. as a mentor. Courtesy of Rockefeller Capital ManagementThe Desmarais family has worked with Rockefeller on big dealsRockefeller chief executive Fleming also has a two-decade-long relationship with the Desmarais clan.

☆ Why two of North America's richest families are coming together to fortify Greg Fleming's Rockefeller Capital Management
▼ + stars: | 2023-04-05 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

A firm owned by one of Canada's richest clans has invested $622 million in wealth firm Rockefeller. Two of North America's richest families have partnered up to invest in wealth management powerhouse Rockefeller Capital Management. The Desmarais family invested $622 million through the Power Corporation of Canada, the financial services conglomerate the family controls, for a 20.5% stake in Rockefeller Capital Management. Paul's son and deputy chairman of Power Corp, Andre Desmarais considered the late David Rockefeller Sr. as a mentor. Courtesy of Rockefeller Capital ManagementThe Desmarais family has worked with Rockefeller on big dealsRockefeller chief executive Fleming also has a two-decade-long relationship with the Desmarais clan.

☆ Viking joins obesity drug race after promising early trial data
▼ + stars: | 2023-03-28 | by ( Mariam Esunny | ) www.reuters.com time to read: +2 min

March 28 (Reuters) - Viking Therapeutics Inc's (VKTX.O) experimental obesity drug helped reduce weight and was safe in an early-stage study, the company said on Tuesday, sparking a 60% rise in its shares. While Novo Nordisk (NOVOb.CO) already has its obesity drug, Wegovy, in the market, Eli Lilly is expecting approval for its treatment later this year. That could also make Viking a potential acquisition target, Laidlaw & Company analyst Yale Jen said. Viking said it was planning to test higher doses of the drug over a longer treatment window in a mid-stage trial, versus a shorter limit in the current, early-stage trial. Shares of Viking were trading at $14.15, bringing the drugmaker closer to a market capitalization of $1 billion.

☆ A solid gold swastika disc is the oldest-known reference to Odin of Valhalla, the Norse god of war and death, say archaeologists
▼ + stars: | 2023-03-12 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +2 min

Danish scientists have found the oldest-known reference to the Norse god Odin. It is the first piece of evidence that Odin was worshipped as early as the 5th century. Odin was also the god of war and death who ruled over Valhalla, a majestic hall dedicated to those killed in battle, according to Nordic religion. He was predominantly worshipped by Norse and later Viking kings, warrior chieftains, and their men, according to the National Museum of Denmark. It included 2.2 pounds of gold medallions the size of saucers and Roman coins made into jewelry.

☆ Venus Williams joins private equity firm Topspin Consumer Partners
▼ + stars: | 2023-03-01 | by ( Abigail Summerville | ) www.reuters.com time to read: +2 min

NEW YORK, March 1 (Reuters) - Venus Williams has joined private equity firm Topspin Consumer Partners as an operating partner, the latest endeavor in the world of business by a top tennis champion who has emerged as a prolific entrepreneur. Williams will work with companies owned by Topspin on their marketing strategies and investment opportunities, the firm said in a statement on Wednesday. Her sister, Serena, 41, who is also a tennis champion, has withdrawn from the game but has said it's possible she could return. Founded in 2000, Topspin is a U.S. private equity firm that invests in consumer businesses with revenue below $100 million. Venus Williams joins in the footsteps of other sports stars who have entered the world of private equity.

☆ 5 times scientists thought they'd maybe discovered signs of extraterrestrial life but sadly didn't
▼ + stars: | 2023-02-23 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +7 min

Extraterrestrial life could exist, but mysterious objects in the sky aren't evidence of aliens. Scientists have thought they were close to discovering alien life a few times — none of it via UFOs. As the US discovered a flurry of UFOs — officially called "unidentified anomalous phenomena," or UAPs — in early February, Google searches for "extraterrestrial life" and "are aliens real" spiked. There have been incidents in the past where some researchers thought they'd come close to discovering signs of alien life — or even extraterrestrial intelligence — but none were UFOs. They dubbed the first interstellar object 'Oumuamua, which is a Hawaiian term meaning "a messenger from afar arriving first."

☆ 'It's clear that Mark Zuckerberg idolizes Elon Musk,' Wall Street analyst says
▼ + stars: | 2023-02-22 | by ( Asia Martin | ) www.businessinsider.com time to read: +4 min

Mark Zuckerberg said Meta is adding a verification subscription service to Facebook and Instagram. Meta Verified "sounds awfully like Twitter Blue," Bernstein analyst Mark Schilsky said in a note to clients this week. "I think it's clear that Mark Zuckerberg idolizes Elon Musk." Other analysts on Wall Street more optimistically believe that Meta Verified could add $2 billion per year in revenue, as Insider recently reported. Elon Musk and Mark Zuckerberg have been publicly criticizing each other for years — at least since a SpaceX rocket exploded on the launchpad in 2016, destroying a Facebook satellite.

☆ How to boost your portfolio income when companies cut dividends
▼ + stars: | 2023-02-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

Dividend stocks have long been a way for investors to earn income, but recent cuts may have some concerned about what to do next. However, those recent decreases are unusual, said Howard Silverblatt, senior index analyst at S & P Dow Jones Indices. Where to look for income Corporate dividends are just one source of income, and that income should be just one part of your overall portfolio, said certified financial planner Jamie Hopkins, managing partner of wealth solutions at Carson Group. Dividend funds Another option is an exchange-traded fund composed of dividend stocks. WDIV YTD mountain SPDR S & P Global Dividend ETF's year-to-date performance The ProShares S & P 500 Dividend Aristocrats ETF , also tracks the index.

☆ Buy these 16 dividend stocks to collect consistent cash payments while inflation stays high, according to a fund manager who outperformed 95% of his peers last year
▼ + stars: | 2023-02-20 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

"Just simply by focusing on quality companies with strong free cash flows is going to get you through any economic cycle. When looking for dividend stocks, the fund manager said it's crucial to consider a company's cash flow to ensure that it will be able to provide consistently high cash payments each quarter. "We do think it's prudent for investors to focus on — whether it's sectors as a whole or companies — strong, resilient cash flows," Morey said. "Because in an environment that we're in right now, cash is king, and cash flows are the life of companies. And without cash flows, you're tapping into other sources for capital, which is now at a much higher rate."

☆ The most dangerous cruise routes, ports, and destinations are in parts of the world where conditions are unpredictable — and help is nowhere nearby, travel analysts say
▼ + stars: | 2023-02-16 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +10 min

But some cruise destinations and routes are prone to dangerous conditions and risky activity. These are some of the most dangerous cruise locations around the world. AntarcticaThe world's southernmost continent is among the most beautiful — and dangerous — cruise destinations, according to Chiron and Klein. Cruise passengers during a lifeboat drill in the Northwest Passage near Nunavut, Canada. National Park Service via APCruise lines avoid dangerous portsWhile rough seas and high winds can make ocean travel dangerous, uncertainties on land pose their own risks for visitors.

☆ Viking Global adds CSX and Fortinet, exits T-Mobile in the fourth quarter
▼ + stars: | 2023-02-15 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Viking Global swapped out several positions worth hundreds of millions of dollars in an active fourth quarter for the hedge fund, according to securities filings . Viking, which is run by Andreas Halvorsen, revealed several notable new positions, including a stake in CSX worth more than $480 million. Viking Global also exited several large positions during the quarter, including stakes in T-Mobile and Salesforce that were worth about $446 million and $345 million, respectively, at the end of the third quarter. Other large positions that were zeroed out include Parker Hannifin , Take-Two Interactive and Western Digital . The listed equity holdings for Viking Global totaled about $20 billion at the end of the quarter.

☆ Dan Sundheim’s D1 Capital places new bets on home furnishing retailers, adds to Big Tech
▼ + stars: | 2023-02-14 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

The New York-based hedge fund bought a $205 million initial position in Floor & Decor Holdings , and $104 million worth of shares in mattress maker Tempur Sealy in the fourth quarter. Sundheim placed new bets on fintech companies Bill.com Holdings and Intuit , buying about $91 million and $14 million worth of shares in each company, respectively. D1 also bought $81 million worth of Alibaba . D1 managed about $40 billion at the end of the fourth quarter, according to WhaleWisdom.com. Sundheim started D1 in 2018 after a stint as chief investment officer at Viking Global Investors.

☆ Spate of passenger deaths aboard Antarctic cruises prompts Coast Guard to investigate as the 'treacherous' destination rises in popularity and access
▼ + stars: | 2023-02-10 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

The Coast Guard is assisting with probes into four deaths on Antarctic cruise ships last year. The small boat capsized with six passengers onboard near Elephant Island in Antarctica, the Coast Guard said. Portugal is leading the investigation while the Coast Guard and National Transportation Safety Board conduct a marine casualty probe into the deaths. Another American was injured in an inflatable zodiac while traveling with Norway's Viking Polaris near Damoy Point, Antarctica, according to the Coast Guard. Norway is heading both investigations stemming from the Viking Polaris, the Coast Guard said.

☆ Amid Gas-Stove Debate, Some Makers Bet on Induction
▼ + stars: | 2023-02-05 | by ( John Keilman | Photography David Walter Banks For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Some big stove makers are betting on an electromagnetic future, developing models that companies say can cook much faster than traditional gas and electric versions. Manufacturers of GE, Viking and other stove brands have been expanding their lineups of induction ranges and cooktops, electric appliances that use a magnetic field to heat pots and pans in what the companies bill as a speedy, precise and energy-efficient manner.

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