Success of Ozempic kidney failure trials proves disastrous for dialysis stocks LeapRate

October 12, 2023 BY Elizabeth Anderson

Success of Ozempic kidney failure trials proves disastrous for dialysis stocks

The company indicated the trial would come to an end, approximately a year before scheduled completion, following a recommendation from an independent data monitoring committee. Ozempic, a treatment commonly used for Type 2 Diabetes, contains semaglutide. The trial aimed to discover if it could stem the progress of kidney disease and help with associated complications. …

October 11, 2023 BY Elizabeth Anderson

LMAX Group enhances institutional FX services with Cürex acquisition

The global fintech company, headquartered in London, already has a prestigious client base featuring many of the world’s top global banks. CEO, David Mercer said bringing Cürex on board wasn’t a difficult decision due to the symmetry of the two party’s ambitions. He noted: Cürex and LMAX Group share a common ethos of delivering transparent…

October 11, 2023 BY Elizabeth Anderson

IMAX China votes against privatisation transaction

Despite 70% of shareholders voting in favour of the $124m buyout, the votes against surpassed the 10% limit stipulated by Hong Kong Law to defeat a privatisation deal. Currently, the IMAX Corporation, which is parent to IMAX China, owns 71.6% of its subsidiary. It needed 75% of the votes to get the deal through. In…

October 11, 2023 BY Elizabeth Anderson

GMHBA announces appointment of Michael Sammels to its board

The newly-appointed GMBHA board member previously held the position of chief financial officer at both Medibank Private and Healthscope. In this role, Sammels gained extensive knowledge and experience in private health insurance and hospital landscapes. Don’t miss out the latest news, subscribe to LeapRate’s newsletter The company believes his expertise in finance, accounting, capital developments, and…

October 10, 2023 BY Elizabeth Anderson

Impact of Israel-Hamas conflict on global stock movements

The global financial sphere kept a close eye on stocks to identify and track the specific geopolitical risks as relevant markets opened on Monday. Analysts predicted a rise in the buying of assets such as gold and US currency, followed by an increased demand for US Treasuries. In line with these predictions, US stock futures…

October 10, 2023 BY Elizabeth Anderson

R.J. O’Brien announces COO promotions for Matt Heidkamp and Gemma Lloyd

Heidkamp, who also steps up as Executive Director, has been a key fixture at RJO with nearly three decades of experience at the Chicago-based firm. He will use his expertise in trading and operations to lead the regional US team and support the company’s quest to expand into new asset classes and locations. Lloyd is…

October 09, 2023 BY Elizabeth Anderson

Metro Bank grappling for funds ahead of the opening bell on Monday

Reuters indicated both JPMorgan (JPM.N) and HSBC (HSBA.L) considered the bids for the bank but decided against a takeover as it required too much additional capital. On Saturday, certain Metro Bank bondholders met the company’s executives to discuss funding of £500m and agree on a takeover deal before the market opens on Monday. Metro Bank…

October 09, 2023 BY Elizabeth Anderson

Binance launches new UK domain to comply with strict regulations

While several other major companies have opted to exit the UK to avoid legal hot water, Binance is willing to adhere to increasingly stringent compliance requirements to remain active in the market. The good news for customers is that most of its services comply with the new regulations. That means Margin Trading, Spot Trading, Binance…

October 06, 2023 BY Elizabeth Anderson

Exxon eyeing Pioneer in possible $60bn acquisition

Experts estimate that such an acquisition could be worth as much as $60bn. They would be Exxon’s most significant endeavour since the $81bn merger with Mobil Corp. in To date, one of 2023’s biggest agreements were the Pfizer Inc. $43bn acquisition of Seagen Inc. The Wall Street Journal first reported the possibility of an Exxon…

October 06, 2023 BY Elizabeth Anderson

BluGlass wins the position to become a member of the CLAWS Hub

This makes the company one of eight Microelectronics (ME) Commons regional innovation hubs announced by the US Department of Defence. As a CLAWS Hub member, BluGlass will develop next-generation photonics devices for commercial and strategic defence applications. Led by the North Carolina State University, this hub received $39.4 million in funding for the first year…

Category: Forex