Hart-Scott-Rodino waiting period expires for Sanofi’s acquisition of Principia Biopharma Inc.
Hart-Scott-Rodino waiting period expires for Sanofi’s acquisition of Principia Biopharma Inc.
A few days ago, the Aollywood Producers Association held a grand inauguration ceremony in Macau. The chairman, co-chairman and secretary-general were elected, and they shall hold office for two years. The first chairman of the Aollywood is Liu Yanming, chairman of Hai Run Movies & TV Production, and Yang Shoucheng, chairman of Emperor Motion Pictures, was elected as executive chairman. The other nine co-chairmen are also forerunners in the film and television industry with outstanding performance, including Huayi Brothers Media Corporation president Wang Zhonglei; famous director and producer Li Lu; Edko Films Company president Jiang Zhiqiang; Huading Award Group chairman Wang Haige; Media Asia Group Holdings Limited president Zhuang Cheng; Joy Entertainment chairman Dong Zhaohui; the Aollywood Film Group president Fu Xiao; the China Radio and Television Association chairman Zhang Mingzhi; and famous Taiwanese producer Lai Congbi. Dai Ying, vice president of iQiyi, was elected as the secretary-general.
The family of late Samsung Electronics <005930.KS> chairman Lee Kun-hee held a funeral ceremony on Wednesday for the patriarch, whose death on Sunday threw into question the control of the chipmaker and the country's largest conglomerate. After a morning ceremony closed to the media, family members, including Lee's son Jay Y. Lee, boarded a bus, which left the Samsung Medical Centre, where the funeral services had been held, local media Yonhap News TV channel showed. Afterward, a large black funeral car topped with a white wreath believed to be carrying the casket of the late Lee left the hospital.
(Bloomberg) -- The recent strength in China’s currency faces a new hurdle after the nation’s banks abandoned inclusion of a key factor used to calculate the yuan’s daily reference rate.The lenders stopped using the counter-cyclical factor recently, according to a statement on the website of China Foreign Exchange Trade System. The factor is part of how the banks calculate a quote for the reference rate, known as the fixing, which they submit to the People’s Bank of China for a final rate every morning. The fixing restricts the onshore yuan’s moves by 2% on either side.On Wednesday, the daily reference rate was set at 6.7195 per dollar, in line with the average of 18 estimates compiled by Bloomberg. All estimates had accounted for the new calculations.The offshore yuan was little changed after Wednesday’s fix.The change effectively allows Beijing to give up some influence over the exchange rate. Under the tweak, lenders would have more room to submit quotes for a weaker fixing and guide the currency lower in the spot market. The shift toward greater flexibility comes after the central bank this month made it cheaper to short the currency with forwards as the yuan’s gains accelerated.Dropping the counter-cyclical factor “is the strongest tool other than direct intervention in the market that the PBOC has to change the value of the currency,” said Dariusz Kowalczyk, senior emerging-markets strategist at Credit Agricole CIB. “The counter-cyclical factor is the most intuitive and the most direct one because it directly impacts the level at which the fixing is set.”Reuters had reported earlier Tuesday that the PBOC had asked some of the 14 banks that help set the fixing to adjust their models, citing people familiar with the matter.The yuan has rallied more than 6% from a low in May to near its strongest in more than two years. Investor sentiment has gotten a boost from China’s economic rebound from the damage the virus did earlier in the year and the greenback’s weakness. The surge is also being propelled by a wide interest-rate premium over the rest of the world, and by polls that indicate Joe Biden leads incumbent Donald Trump in the U.S. presidential contest on Nov. 3.The counter-cyclical factor was introduced in May 2017 to rein in depreciation and capital outflows before a leadership reshuffle of the ruling Communist Party. It was suspended in January 2018 as the yuan rebounded, and reinstalled seven months later amid souring China-U.S. relations.The PBOC sets the fixing, which limits the onshore yuan’s moves to 2% in either direction, at 9:15 a.m. every trading session based on submissions from the 14 banks. Apart from the counter-cyclical factor, their formulas for the rate typically take into account the currency’s official closing price the day before and moves in other major exchange rates.The fixing is an important tool Beijing uses to guide market expectations for the yuan. Officials can also also exert influence over the exchange rate by issuing verbal warnings to traders and adjusting the supply of liquidity -- measures they haven’t resorted to during this period of yuan appreciation.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Chrissy Teigen describes losing baby in heartbreaking detail: 'Utter and complete sadness'. Model and author thanks strangers for reaching out – and hits back at those who accused her of oversharing about pregnancy loss
With precious few days remaining in the 2020 campaign, President Trump was forced on Tuesday to travel to Nebraska’s Second District to try to fend off a challenge from Joe Biden, who leads in polls tracking the battle for a single electoral vote.
Amid a pandemic that has closed down fitness centers worldwide, a spate of companies has muscled their way into the booming at-home fitness market. Now, serial entrepreneur Jason Goldberg -- who has founded a number of venture-backed startups -- is taking the wraps off another live-streaming platform and marketplace. Called Moxie, it connects fitness instructors of all stripes with existing and new students, then enables them to stream classes on a subscription basis -- and to keep 85 percent of the revenue for themselves.
Two Conference USA games scheduled for the weekend, including No. 19 Marshall at Florida International, have been postponed because of COVID-19 issues. Marshall was scheduled to play Friday night, but FIU had to call off the game because of a lack of available scholarship players. “We send our best wishes to the entire El Paso community as the face the challenge of dealing with the latest outbreak,” North Texas President Neal Smatresk said in a statement.
MediaAlpha, Inc. ("MediaAlpha") today announced the pricing of its initial public offering of 9,250,000 shares of its Class A common stock at a price of $19.00 per share. Of those shares, MediaAlpha is selling 6,258,502 shares and an affiliate of White Mountains (NYSE: WTM) is selling 2,991,498 shares as the selling stockholder. Insignia Capital Group is also selling a portion of its equity interests in the MediaAlpha business in connection with the transaction. The shares are expected to begin trading on the New York Stock Exchange on October 28, 2020 under the symbol "MAX." The offering is expected to close on October 30, 2020 subject to customary closing conditions. The underwriters have a 30-day option to purchase up to an additional 1,387,500 shares of common stock at the initial public offering price, less underwriting discounts and commissions.
As the coronavirus pandemic began sweeping through South Korea late in February, doctor Nam Ha-jong received an order to report overnight to Daegu, a city that was to become the epicentre of infections. With little formal training in treating virus victims and just two hours of instruction in the use of personal protective gear, the 30-year-old was sent to track down likely patients. As fear of the new disease gripped the country, Nam went door to door from dawn to dusk each day, wearing full protective gear to perform the testing of members of an obscure religious group at the centre of the outbreak.
(Bloomberg) -- Australia’s consumers prices rose slightly faster than forecast in the three months through September, reflecting a rebound in childcare and fuel prices, but remained well-short of the central bank’s goal.The annual consumer price index rose 0.7% from the second quarter, compared with economists estimates of a 0.6% gain, data from the Australian Bureau of Statistics showed Wednesday. Quarterly CPI jumped 1.6%, rebounding from a negative result three months earlier.“There is likely to be further volatility in prices, as the full impact of the pandemic and re-opening of the economy feeds through,” said Sarah Hunter, chief economist for BIS Oxford Economics. “But stripping these out, it is clear that the underlying trend for inflation remains very subdued.”Australia’s economy was divided during the June-to-September period as the states relaxed restrictions at varied speeds. Victoria meanwhile returned to harsh lockdown as a renewed outbreak spread throughout the state. The Reserve Bank of Australia is expected to inject further monetary stimulus into the economy next week as Victoria finally reopens.The central bank has adjusted its inflation framework to allow the economy to run a little hotter. Governor Philip Lowe, in a speech earlier this month, said the central bank wouldn’t tighten policy until actual inflation was sustainably inside its target, rather than just forecast to return there as was previously the case.Today’s report showed the trimmed-mean gauge, a key core measure, gained 0.4% from the second quarter for an annual increase of 1.2%, compared with forecast gains of 0.3% and 1.1%, respectively. The RBA targets inflation of 2%-3% and has struggled to achieve the lower level of that band for most of the past half-decade.The Australian dollar was little changed after the release, and traded at 71.24 U.S. cents at 12:13 p.m. in Sydney. It climbed almost 4% in the third quarter, extending a rebound from its March nadir of around 55 cents at the peak of Covid uncertainty.Tradables prices, which are typically impacted by the currency and global factors, rose 1.4% in the third quarter from the previous three months. Non-tradables, which are largely affected by domestic variables like utilities and rents, advanced 1.6%.Other details in the report include:Child care was the most significant rise -- contributing 0.9 percentage points to the headline CPI quarterly movement -- following the end of free child care on July 13Automotive fuel rose 9.4%, due to a recovery in world oil consumptionRents recorded the first annual fall in the history of the seriesInternational holiday travel and accommodation and domestic holiday travel and accommodation were both imputed off the headline CPIThe report highlighted the impact of the wild swings in spending, with demand for homewares and household appliances clear as the price of furniture climbed 6.4% on the quarter and household appliances 5.3%, Hunter said.On the other hand, “after stockpiling in the early days of the pandemic, less demand for household products such as toilet roll has resulted in retailers re-introducing discounting, which in turn has pushed prices for this category down 4.1%,” she said.The weighted median gauge, another core inflation measure, rose 0.3% in the quarter for an annual increase of 1.3%, matching estimates.Australia recorded deflation in the second quarter as a combination of free childcare during the pandemic and an oil price drop sent the index into negative territory for only the third time in series history.The RBA in March cut the cash rate to 0.25% and set the same target for the three-year bond yield, a combination designed to reassure households that rates would remain low for an extended period. It also established a lending program for banks to lower borrowing costs, a program that was subsequently expanded in September.The central bank, at Tuesday’s meeting, is expected to cut the cash rate and yield target to 0.10% and potentially announce an expanded bond-buying program.(Updates with comment from economist in third, 10th-11th paragraphs.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Oil prices slid more than 1 percent on Wednesday, paring the previous day's gains, as a jump in U.S. crude inventories and surging COVID-19 cases raised fears of an oversupply of oil and weak fuel demand. In early Asia, Brent crude <LCOc1> was down 61 cents, or 1.5%, at $40.59 a barrel by 0033 GMT, having climbed nearly 2% the previous day. U.S. oil <CLc1> was down 66 cents, or 1.7%, at $38.91 a barrel, after gaining 2.6% on Tuesday.
The North America hummus market is expected to grow from US$ 601. 39 million in 2019 to US$ 1,558. 70 million by 2027; it is estimated to grow at a CAGR of 12. 7% from 2020 to 2027. Hummus is a kind of Levantine dip or spread prepared from chickpeas or other beans which are considered as rich source of proteins.New York, Oct. 27, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "North America Hummus Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type, Application, and Distribution Channel" - https://www.reportlinker.com/p05978900/?utm_source=GNW Proteins are the building blocks of life.They maintain the structure and functions of the human body.Proteins are made up of amino acids that are attached by peptide bonds in long chains.There are 20 different kinds of amino acids linked together that determine the role of protein in the human body.Proteins play a key role in transporting molecules throughout the body by helping in cell repair.It also promotes proper growth and development in children, teenagers, and pregnant women. Various studies show that eating a protein-rich diet help gain muscle mass and strength and prevent muscle loss during weight management or weight loss program. High protein intake helps boosts the metabolism, which results in burning of a high amount of calories. This further helps in proper weight management and weight loss. These benefits of protein are attracting consumers towards protein-rich food and beverages available in the market. This further creates a huge demand for the North America hummus market.Based on type, the original hummus segment led the North America hummus market in 2019.Original hummus is prepared by blending cooked or mashed chickpeas with tahini, garlic, or lemon juice.It is mostly prepared and stored in refrigerators a day ahead of serving.Preparation of original hummus is an easy and affordable process and the resulting flavor is superior to the tubs of store-bought dips.It is an absolute staple in home cuisines.Hummus is tasty, filling, heart-healthy vegetarian, dairy-free, and gluten-free.It can be consumed as an appetizer and main course. Original hummus is often paired with freshly fried falafel and is also shared alongside full mudammas in a dish that is known as hummus full. In some western countries, such as the US and Mexico, original hummus is served as an appetizer or snack dip with vegetable crudities, chips, and pita breads. The hummus dip has gained popularity in the past few years and can be found at most of the grocery stores in varying flavors.The U.S has the highest number of confirmed cases of COVID-19 compared to Canada and Mexico. Due to COVID-19, the supply chain is likely to get affected, which is likely to impact the food and beverage industry in the region. In addition, the overall manufacturing processes, research, and development activities are likely to impact market growth.The overall North America hummus market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.The process also serves the purpose of obtaining overview and forecast for the North America hummus market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the North America hummus market. Key players operating in the market include Bakkavor; Boar’s Head Brand; Cedar’s Mediterranean Foods Inc.; Fountain of Health; Hope Foods, LLC; Hummus Goodness; Lancaster Colony Corporation; Lantana Foods; Strauss Group; and Tribe Hummus.Read the full report: https://www.reportlinker.com/p05978900/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.__________________________CONTACT: Clare: email@example.com US: (339)-368-6001 Intl: +1 339-368-6001
Mexican President Andrés Manuel López Obrador proposed Tuesday a blanket ban on sub-contracting or outsourcing of jobs by private companies, saying the practice has been abused to avoid paying employees’ the benefits they are due by law. The president said he would send the proposal to congress at a later date, but the plan already drew criticism from business groups that claim the change would further harm Mexico’s economy precisely when it is still reeling from the effects of the coronavirus pandemic. Companies in Mexico often contract out jobs like maintenance, cleaning and warehouse duties to temporary agencies or outside firms, to avoid the expense of having to advertise for and hire employees, or to increase their workforce for short periods of time.
The big shareholder groups in Race Oncology Limited (ASX:RAC) have power over the company. Large companies usually...
The Donald Trump campaign website has been hacked. The message spoke of access to "Trump and relatives" and of "classified information" that the "trump-gov is involved in the origin of the corona virus". There was no immediate verification as to the veracity of the message nor, indeed, any evident concern in the Trump campaign.
President Donald Trump's campaign website appeared to be temporarily seized on Tuesday night and replaced with a message threatening to expose him and his relatives. According to the Associated Press, Trump campaign spokesperson Tim Murtaugh said that the website was "defaced" their camp is working with law enforcement authorities to investigate the source of the […]
Hollywood has long been accused of pandering to China – soft-pedalling in order not to give offense. Now comes a study by Hong Kong production company Dragon Horse Films attempts to quantify just how far Western entertainment conglomerates are self-censoring. The company says that there is a correlation between the size of the Chinese box […]
Qatar expresses 'regret' after women from 10 flights taken for medical examinations at Doha airport. Australia’s foreign minister says 18 women, including 13 Australians, on Qatar Airways flight were subjected to compulsory intimate searches
Filmmaker-turned bureaucrat Oh Seok-geun was drafted as chairman of the Korean Film Council in January, in what was very much a peace-making role. Now, Oh is extending his goodwill mission onto a wider pan-Asian stage. Oh is an idealist, a reformer who is prepared to lead from the front and also a pragmatist. With Korea’s […]
DXCM earnings call for the period ending September 30, 2020.