Hints and tips:
...At 4:16 pm ET, Passi responded to the BWIC with Morgan Stanley’s bid of $54.35 per share for 4.5 million MEDP shares, and at 4:18 pm ET Morgan Stanley’s bid was accepted....
...more interested in what we have to say today than they were three years ago,” says David Blood, who founded sustainable investing specialist Generation Investment Management with former US vice-president Al...
...What about how concentrated the stock market gains are with Nvidia, Microsoft, Google et al? I mean, shouldn’t that weigh against this rally? What about that? Katie MartinMaybe yes....
...Still, the study by Subramanian et al should remind us why we care about globalisation....
...Martin Spector London N2, UK...
...Here’s what else I’m keeping tabs on today: Company results: Tesla, Netflix and Morgan Stanley publish their latest results today....
...say Jonas et al. Yes it can! Look! And look! And look! That’s Tesla on an EV of 28.3 times 2025 ebitda, per Morgan Stanley forecasts, which is more expensive than Nvidia’s 25.3 times ebitda....
...Passive problem Research bolsters the view that passive investment strategies are undermining the efficient markets hypothesis, the FT’s Katie Martin writes....
...Morgan Stanley has estimated that growth equity is the fastest-expanding slice of the private capital world....
...Three, as Martin Wolf recently noted (Opinion, June 21), we must build on the delivery of the $100bn funding target, but also shift larger financial flows....
...Isn’t it high time the regulators increased oversight on Blackstone and Apollo, et al, as this relatively new and powerful group of financial titans continue their march to the top of the heap on Wall Street...
...We’ve summarised the nine-page judgment (h/t Katie Martin), which can be read in full here....
...Everyone expects Jay Powell et al to say “no rate increase today, but maybe in a month”....
...Today’s top stories The Federal Reserve announces its decision on US interest rates at 2pm ET/7pm BST....
...To put it more simply: Jiang et al argue there are $2.2tn in mark-to-market losses out there, and there is only $2.2tn in equity in the US banking system....
...Luxury car demand has boosted profitability at Porsche and Aston Martin....
...We have our evil leader for today (you-know-who in Moscow), but do Biden, Johnson, Macron et al fit the bill as statesmen?...
...Hardison was a sculptor in the ’60s who created busts of prominent African-Americans – Frederick Douglass, Sojourner Truth, Dr Martin Luther King....
...Martin LaGuerre, previously head of private equity at pension fund Caisse de dépôt et placement du Québec, is joining Warburg Pincus as a senior adviser....
...Does that mean already anxious investors have little to fear as the Fed et al embark on QT?...
...That prompted a reply from Waller on Friday and a reply-to-the-reply from Summers et al this week titled, “The Fed is wrong: Lower inflation is unlikely without raising unemployment.”...
...Gain: headlong action brio and a cast of overnight Hollywood stars-to-be (McQueen, Bronson et al). Loss: length, character complexity and the loving build-up of an epic momentum....
...Morgan Stanley also suffered falls at its investment bank but these were partly offset by record wealth management revenues....
...In a tour de force for Scottish Ballet, however, choreographer Helen Pickett makes the case for translating Arthur Miller’s Salem-inspired The Crucible into dance — faux witches, Puritan paranoia et al....
...The suites vary, but all are 50sq m with courtyard entrances, and furnished with pieces by – or at least inspired by – Arne Jacobsen, Eero Saarinen, Joe Colombo, Isamu Noguchi, Charles and Ray Eames et al...
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