CHECKMATE UP 329% FOLLOWING ACQUISITION PROPOSAL Checkmate Pharmaceuticals (NASDAQ: CMPI) shares were up 329% in response to a $250 million buyout proposal from Regeneron Pharmaceuticals (NASDAQ: REGN). Regeneron is looking to acquire Checkmate in an all-cash deal of $10.5 per share, representing a 332% premium from where Checkmate Pharmaceuticals’ shares closed on Monday. The companies...
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US AND EUROPEAN MARKETS REBOUND FOLLOWING ROUGH PATCH Global markets are dealing with a series of challenges. Escalating war in Ukraine, balance sheet season, and macroeconomic indicators, especially inflation. However, following three consecutive red days on Wall Street, bargain hunters may be tempted to take action. US index futures are gaining traction, with mining and energy companies...
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C4 THERAPEUTICS ANNOUNCES CFT7445 STUDY RESULTS C4 Therapeutics Inc. (NASDAQ: CCCC) dropped 50.57% after announcing Cohort A from the ongoing Phase 1/2 clinical study of CFT7455, a proprietary degrader that targets IKZF1/3 for non-Hodgkin’s lymphomas and multiple myeloma. The company has learned a lot from only five melanoma patients in the study’s first cohort. Now, C4 Therapeutics Knows...
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US index futures and European markets rise, and bond premiums get more expensive; investors watchful for developments in the Russia-Ukraine war MARKETS UP DESPITE NEW SANCTIONS AGAINST RUSSIA After a week of intense swinging in the stock markets, the markets seem to want to recover from the losses accumulated in the period. Despite the tumultuous news, with the escalation of the war and a new...
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SPIRIT AIRLINES JUMPS AFTER A $3.6 BILLION OFFER FROM JETBLUE AIRWAYS Spirit Airlines Inc. (NYSE: SAVE) was up 22.42% after JetBlue Airways made an all-cash offer of $3.6 billion for the company, which has raised questions regarding Spirit’s deal to merge with Frontier Airlines. The company indicated that its Board is evaluating the offer from JetBlue and will take an appropriate course of...
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U.S. futures and European bourses tumble as investors call for higher premiums to carry sovereign bonds MARKETS TUMBLE OVER EXPECTATIONS OF TIGHTER MONETARY POLICY The Federal Reserve (Fed) campaign against inflation weighs heavily on financial markets. On the day of the most awaited event of the week, the release of the minutes of the last meeting of the US central bank, index futures in the...
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