Bloomberg Markets
Rate hikes, elections, fiscal concerns threaten to upend markets.
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Yahoo Finance
Bloomberg Markets
Novartis saw a treatment for a rare muscle-wasting disease fail a late-stage study, the third clinical-trial setback in a week. The medicine was the centerpiece of Novartis’s $12 billion takeover of Avidity Biosciences and raises questions about the drugmaker’s growth prospects. Fabienne Kinzelmann reports on Bloomberg Television. (Source: Bloomberg)
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Bloomberg Markets
David Cowan, Africa Economist at Citi Research, says South Africa has yet to turn the corner on growth, with the economy showing resilience rather than a strong acceleration. He also says Zimbabwe’s recovery is benefiting from improved fiscal discipline, higher gold and lithium prices and stronger agricultural exports. Cowan discusses the challenges of de-dollarization, signs of renewed foreign investor interest and the importance of Zimbabwe getting its lithium policy right with Abeer Abu Omar
Bloomberg Markets
Franklin Templeton Inc. is buying a majority stake in Stoneshield Capital, a European investment firm specializing in real estate and infrastructure, in the latest move by the US money manager to expand further into alternative assets.
Bloomberg Markets
UniCredit SpA has acquired a minority stake in German lending markets platform VC Trade as the Italian bank seeks to expand its digital capital markets capabilities in debt transactions.
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