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...Panuwat’s company, Medivation, was bought in 2016 by Pfizer for $14bn. But the stock he purchased at the time was not that of Medivation....
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...Separately, US prosecutors charged Jordan Meadow, a New York stockbroker, for leveraging inside information from an unidentified large investment bank in the city “to make millions of dollars in illegal...
...Dan Mead, head of the investment-grade syndicate at Bank of America — a lead bookrunner on the Pfizer bond sale — said it was “not uncommon to see that for financings”....
...Pfizer shares have fallen 15 per cent in January following downgrades by several investment banks. They were up 1.4 percent to $44.16 on Tuesday....
...At Pfizer’s glitzy new headquarters in New York, which is based in a 66-floor skyscraper called The Spiral on the banks of the Hudson River, no such doubts are evident....
...The drive to renegotiate agreements is not unique to Novavax but they are more pressed against a wall because of their difficult financial situation,” said Brendan Smith, analyst at Cowen, an investment bank...
...Justice, intend to follow through on their mission to draw a tougher line on antitrust.Still outstanding are large contested deals, including Amgen’s planned $28bn takeover of Horizon Therapeutics and Pfizer...
...Lex wonders whether central banks are right to relent in their quest to quell inflationary pressures just in case more banks follow the collapse of Silicon Valley Bank....
...I think a lot of people were anticipating a V-shaped recovery . . . People are now waking up the realisation that volatility is going to be normal going forward.”...
...The ruling was a significant win for the pharmaceutical companies GSK, Pfizer, Sanofi and Boehringer Ingelheim....
...Asset managers in general lag the national leaders, which include Amazon, Meta and Pfizer, according to the Open Secrets website....
...Email me your thoughts at sid.v@ft.com. Latest news Amy Kazmin in Rome has a fascinating piece on why Giorgia Meloni is pushing back on Italy’s shift to digital payments....
...A version of this article was first published by Nikkei Asia on February 14 2023. ©2023 Nikkei Inc. All rights reserved....
...Luke Hildyard, director of the High Pay Centre, a London-based think-tank. said chief executives at top Wall Street banks like JPMorgan, Goldman Sachs, Morgan Stanley and Bank of America still earned more...
...The investment bank forecasts BioNTech/Pfizer will generate $39.5bn in vaccine sales this year but experience a rapid fall in sales in 2022 to $9bn due to lower prices, less demand in rich nations and more...
...Investment banks and private conglomerates, known as chaebols, poured money into the sector, seeing new opportunities to cash in....
...Tishman Speyer, one of New York’s largest commercial property developers, had previously secured pharmaceuticals company Pfizer as its anchor tenant for the Spiral....
...Pfizer didn’t fall as much because of its wider array of products....
...Banks ranging from Australia’s ANZ to the US’s JPMorgan have created sustainability-linked derivatives for clients....
...“This positive result will drive market share decisively to Pfizer and will result in another two years of massive revenue windfalls,” said Geoffrey Porges, an analyst at healthcare-focused investment bank...
...Centerview Partners and Deutsche Bank are working with Unilever. The £50bn bid was first reported by the Sunday Times....
...Reach out to me (imani.moise@ft.com) or Sid (sid.v@ft.com) to let us know. Happy reading!...
...Geoffrey Porges, an analyst at SVB Leerink, an investment bank that specialises in healthcare, says this financial firepower will fuel Pfizer’s growth for years....
...Analysts expect the European Central Bank to announce a slowdown of its bond purchases at its meeting on Thursday because of the brightening economic outlook....
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