BIOCERES CROP SOLUTIONS RECEIVES APPROVAL FOR HB4 SOY IN CHINA Bioceres Crop Solutions Corp NASDAQ: BIOX) jumped 21.97%after announcing that the Chinese ministry of agriculture has communicated the decision to authorize the import and utilization of as soybean raw material produced through Bioceres’ novel drought tolerance tech, HB4. The company’s partner Beijing Da Bei Nong Science and...
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ON THE BACK OF BALANCE SHEETS, INFLATION DATA, GDP, AND CHINA’S SIGNS OF SUSTAINING ITS ECONOMY GUIDE MARKETS; US INDEX FUTURES TUMBLE US index futures were in the red Friday morning, with European equities on the opposite path. In addition to the macroeconomic data season and balance sheets, China’s pledge to increase economic stimulus is influencing operations, helping to restore...
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MUSK’S ACQUISITION OF TWITTER COMPLICATES THE POSSIBLE MERGER OF DWAC WITH TRUTH SOCIAL. Digital World Acquisition Corp jumped 25.14% on Tuesday following the announcement that Elon Musk had acquired Twitter for 44 billion. The Special purpose acquisition firm is planning to merge with ex-US President Donald Trump’s social media platform. Following the announcement that Trump’s Truth...
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In Europe, stocks have been positive since opening; S&P and Dow futures struggle to stay positive, but Nasdaq contracts surrender to Netflix crash North American markets, whose tone had deteriorated since yesterday’s close, are struggling to position themselves in the positive field. But the results of Netflix, whose shares fell as much as 27% before the stock market opened, cooled the...
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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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