Author: Multibagger News

Breaking News: Israel Aerospace Industries Secures $1 Billion Contract with Unnamed Client JERUSALEM (Multibagger) – In a monumental development, Israel Aerospace Industries (IAI), the forefront of Israel’s defense technology, has secured a staggering $1 billion contract to supply one of its state-of-the-art systems to an undisclosed third party. This groundbreaking deal, announced on Tuesday, marks a significant milestone for the state-owned defense contractor. IAI, renowned for its cutting-edge drones and missile defense systems, revealed in a Tel Aviv regulatory filing that this colossal deal is expected to be executed over a span of five years. The specifics of the system…

Find out how Russia’s budget deficit remained flat in June, with non-oil and gas revenues offsetting spending. Learn about the impact of Western sanctions and increased VAT on the country’s finances. MOSCOW (Multibagger) – Russia’s budget deficit remained flat at 0.5% of gross domestic product (GDP) in June, the same as in May, as growth in non-oil and gas revenues offset spending, the finance ministry said on Tuesday. At the same period of last year, the budget deficit was more than twice as large, at 1.4% of GDP, as Western sanctions over the conflict in Ukraine that included an oil…

Is President Biden Staying in the Race? Evercore Analysts Say Yes! Despite ongoing doubts, President Biden remains committed to his candidacy, sending a determined letter to Congressional Democrats. Evercore ISI analysts highlight three reasons why Biden is likely to stay in the race, emphasizing the critical week ahead. While some lawmakers have called for his exit, key members’ opinions matter more, especially those from swing districts and key Senate races. Polls and upcoming events like the NATO summit and RNC could impact Biden’s chances. According to Evercore, Biden’s ability to navigate this week could shape the conversation going forward. Stay…

Breaking: Morphic Therapeutic Downgraded by RBC Capital After Acquisition by Eli Lilly for $3.2 Billion – What You Need to Know On Tuesday, RBC Capital downgraded Morphic Therapeutic stock from Outperform to Sector Perform, setting a new price target of $57.00, down from the previous $70.00. This shift in rating comes after the announcement that Morphic Therapeutic has been sold to Eli Lilly and Company for approximately $3.2 billion, translating to around $57 per share in cash. This acquisition price marks a significant premium of about 79% over the closing price from last Friday. The sale is seen as a…

Unlocking the Secrets of Nvidia Corp’s Unprecedented Stock Surge in AI Revolution Era Nvidia Corp (NASDAQ:) has witnessed an extraordinary surge in its stock value as the AI revolution takes center stage. Year-to-date, the stock has soared over 160%, and over the past year, it has seen a staggering 238% increase. Over the last five years, Nvidia has experienced an incredible 2,900% climb, recently crossing the $3 trillion market capitalization milestone and briefly claiming the title of the world’s largest company. Since the inception of the AI revolution in 2023, Nvidia has proven to be a stock that keeps on…

Disney Announces $60 Billion Expansion with New Cruise Ship Sailing from Tokyo by 2028 By Dawn Chmielewski and Lisa Richwine URAYASU, Japan (Multibagger) – Walt Disney Co. (NYSE: DIS) has unveiled ambitious plans to launch a new cruise ship from Tokyo starting in fiscal 2028, adding a ninth vessel to its growing fleet. This new ship is part of a massive 10-year, $60 billion expansion strategy for Disney’s theme parks and cruise operations. Disney’s Expanding Fleet The new vessel, modeled after the largest ship in Disney’s fleet, the Wish, is a collaborative effort with Oriental Land Company (OLC), the operator…

Thailand’s central bank governor emphasized the need for stronger economic growth to ensure sustainable expansion in the long term. The current growth rate of 3% is not sufficient for a low-income country like Thailand, according to Bank of Thailand Governor Sethaput Suthiwartnarueput. Sethaput highlighted the importance of structural reforms to boost the potential growth rate and address issues such as weak exports, high household debt, and borrowing costs. The central bank has forecasted a growth rate of 2.6% for this year and 3% for the next year. Despite calls for a rate cut to stimulate the economy, the BOT decided…

The Gaza Conflict: Israeli Forces Kill 18 Palestinians Amid Ceasefire Talks In the midst of ceasefire negotiations, Israeli forces have escalated their military offensive in the Gaza Strip, resulting in the deaths of at least 18 Palestinians. Qatari and Egyptian mediators, with the support of the United States, are working tirelessly to broker a ceasefire deal that would bring an end to the violence in Gaza and secure the release of Israeli hostages in exchange for Palestinian prisoners held in Israel. Israeli tanks have intensified their incursion into Gaza City, leading to intense fighting in districts such as Shejaia, Sabra,…

As the world’s top investment manager and financial market journalist, I bring you the latest update on Bitcoin and Ether prices. Bitcoin has seen a slight increase after recent losses, while Ether has surged amid speculation of a spot ETF launch. Bitcoin rose by 3.2% to $57,280.7, while Ether outpaced it with a 5.4% increase to $3,070.71. Bitcoin’s recent losses were caused by concerns over token distributions from Mt Gox, but the token seems to have stabilized for now. The trustees of Mt Gox began distributing stolen tokens from a 2014 hack, leading to fears of a token dump. However,…

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