Author: Multibagger News

Regeneron’s Dupixent Recommended for Children with Eosinophilic Esophagitis by European Medicines Agency – What You Need to Know In a groundbreaking move, the European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP) has recommended the approval of Dupixent (dupilumab) for the treatment of eosinophilic esophagitis (EoE) in children as young as one year of age in the European Union (EU). This recommendation is a game-changer for children who have not responded to conventional therapy and weigh at least 15 kg. Dupixent, a product co-developed by Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) and Sanofi (NASDAQ:), has already been authorized for…

Barclays Analysts Skeptical of Fed’s Aggressive Rate Cut Plans In a recent note, Barclays analysts express skepticism about the Federal Reserve’s willingness to cut interest rates as aggressively as the market expects. Despite the Fed’s surprise 50 basis point rate cut, Barclays believes the projected path of rate reductions may be overly optimistic. The Fed’s own projections indicate a slower pace of cuts, with just two additional 25 basis point cuts expected for the remainder of 2024, followed by four more in 2025. This contrasts with market pricing, which anticipates more aggressive easing. Barclays warns that incoming economic data could…

Warren Buffett’s Berkshire Hathaway Trims $900 Million from Bank of America Stake – Here’s What It Means for Investors In a strategic move that has caught the attention of financial markets, Warren Buffett’s investment giant, Berkshire Hathaway (NYSE: BRK.A), has sold off approximately $900 million of its holdings in Bank of America (NYSE: BAC) this week. This major divestiture lowers Berkshire’s stake in the second-largest U.S. lender to 10.8%, or roughly $34 billion worth of outstanding shares. Despite the reduction, Berkshire remains one of Bank of America’s largest shareholders and will continue to report its interests regularly as long as…

Barclays Analysts Skeptical of Aggressive Fed Rate Cuts, Market Optimism Misaligned As the market continues to anticipate aggressive interest rate cuts by the Federal Reserve, Barclays analysts remain skeptical of the Fed’s ability to meet these expectations. Despite the recent surprise 50 basis point rate cut, Barclays believes that the projected path of rate reductions may be overly optimistic. The Fed’s own projections indicate a slower pace of cuts in the coming years, with only two additional 25 basis point cuts expected for the remainder of 2024, followed by four more in 2025. This contrasts with market pricing, which anticipates…

Ending Mpox Outbreak in Burundi Possible Within Weeks, Says U.N. Health Official By Emma Farge A U.N. health official has stated that it is possible to end the mpox outbreak in Burundi within weeks, but success will depend on sufficient resources and combatting the stigma associated with the disease. The World Health Organization declared the recent outbreak an emergency in August after a new variant was identified. Burundi has reported nearly 600 cases, making it the second worst affected country in Africa after the Democratic Republic of Congo. However, the outbreaks are limited to a specific area and no deaths…

DALLAS – Matador Resources Company (NYSE: MTDR), a leading independent energy company, has revealed plans to offer $750 million in senior unsecured notes due in 2033, subject to market conditions. This private placement, targeted at eligible purchasers, aims to repay existing borrowings under the company’s credit facility. The Dallas-based firm intends to utilize the proceeds from the notes offering to repay all outstanding borrowings under its term loan, among other credit facility debts. The notes and related guarantees are being offered in a private sale to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States…

October’s Market Volatility: How to Navigate the "Bear Killer" Month for Maximum Gains October has a notorious history in the stock market, often referred to as "Octoberphobia" due to significant historical crashes. But is it all doom and gloom, or does October offer strategic buying opportunities? Understanding October’s Volatility October has long been a month of heightened volatility in the stock market. Known for historical crashes in 1929, 1987, and 2008, the month has earned its moniker "Octoberphobia." According to The Stock Trader’s Almanac, dramatic downturns such as the 554-point drop in 1997 and the staggering 1,874-point fall in 2008…

India’s Nifty 50 and Sensex on Track to Outperform Global Indexes in 2024 and Beyond By Bharath Rajeswaran BENGALURU (Multibagger) – India’s NSE Nifty 50 and S&P are on the path to outshine Wall Street’s Nasdaq and S&P as top-performing indexes this year, with analysts predicting the rally to continue into 2025. In 2024, the Nifty and Sensex have surged by 18.7% and 17% respectively, securing the third and fourth positions among major global bourses. The Nasdaq and S&P have seen gains of around 22% and 20.5%, slightly ahead of the Indian benchmarks. Japan’s Nikkei 225 and FTSE 100 follow…

By the World’s Best Investment Manager and Financial Market’s Journalist Lebanon’s Hezbollah was still handing its members new Gold Apollo branded pagers hours before thousands blew up this week, two security sources said, indicating the group was confident the devices were safe despite an ongoing sweep of electronic kit to identify threats. One member of the Iranian-backed militia received a new pager on Monday that exploded the next day while it was still in its box, said one of the sources. A pager given to a senior member just days earlier injured a subordinate when it detonated, the second source…

Solid Power, Inc. Secures Up to $50 Million in Federal Funding for Solid-State Battery Technology Solid Power, Inc. (NASDAQ:SLDP) has entered negotiations for up to $50 million in federal funding from the U.S. Department of Energy to enhance its production capabilities for all-solid-state batteries. The funding, part of the Bipartisan Infrastructure Law, will support the installation of a novel continuous manufacturing process for sulfide-based solid electrolyte materials at the company’s Thornton, CO facility. This initiative aims to meet the growing demand for advanced all-solid-state batteries (ASSBs) and improve energy density, safety, stability, and cost over traditional lithium-ion batteries. Solid Power’s…