Author: Multibagger News

By Suleiman Al-Khalidi AMMAN (Multibagger) – Jordan’s King Abdullah swore in a reformist government on Wednesday tasked with accelerating IMF-backed reforms and pushing through political and economic modernisation crucial to reversing a decade of sluggish growth, officials said. The Harvard-educated Prime Minister, Jafar Hassan, headed the monarch’s office in his last job. Hasan has proven to be an able administrator during a long public career in which he oversaw economic reforms as a deputy premier and during a stint as planning minister, according to officials and politicians. Politicians say a key task is accelerating IMF-guided reforms and reining in more…

Breaking News: Apple expands generative AI offering to new languages by 2025 In a groundbreaking announcement, Apple revealed that its generative AI technology will soon be available in more languages by 2025. The new additions to Apple Intelligence include English (India), English (Singapore), German, Italian, Korean, Portuguese, Vietnamese, and more languages yet to be announced. The highly anticipated feature will first launch in American English as part of the iOS 18.1 update. Apple has also confirmed plans to introduce localized support for English in Australia, Canada, New Zealand, South Africa, and the U.K. later in 2024, with Chinese, French, Japanese,…

Breaking News: Plus Therapeutics (NASDAQ:) to Present Groundbreaking Data on Glioblastoma Treatment at 2024 CNS Annual Meeting AUSTIN – Plus Therapeutics, Inc., a leading clinical-stage pharmaceutical company, is set to unveil crucial findings from its Phase 2 trial on recurrent glioblastoma (rGBM) treatment at the upcoming 2024 Congress of Neurological Surgeons (CNS) Annual Meeting in Houston, Texas. The event, scheduled from September 28 to October 2, will witness the presentation of data on the innovative use of Rhenium (186Re) Obisbemeda, an injectable radiotherapy, in combatting central nervous system (CNS) cancers. Glioblastoma, a deadly brain cancer affecting approximately 15,000 patients in…

Goldman Sachs Warns of Potential Challenges After Fed’s 50bps Rate Cut: What Investors Need to Know Goldman Sachs, the renowned investment bank, has issued a cautionary note to clients regarding the recent 50bps rate cut by the Federal Reserve. While this move may initially boost risk assets, there are several challenges that could arise in the near future. In their analysis, Goldman Sachs highlighted the risk of disappointment if the Fed’s rate cuts proceed at a slower pace than expected. This could lead to a tightening of financial conditions, putting pressure on real rates and strengthening the dollar. Additionally, a…

Breaking: Nippon Steel’s $14.1 Billion Bid for U.S. Steel Faces Extended Review – What Investors Need to Know! In a strategic move that could reshape the steel industry, Nippon Steel Corp (TYO:) has secured an extension in the security review of its ambitious $14.1 billion acquisition of United States Steel Corporation (NYSE:). This development is likely to push the final decision on the deal beyond the upcoming U.S. elections in November, according to a Bloomberg report. Key Highlights: Extension Granted: Nippon Steel has been allowed to revoke and refile its submission to the U.S. security body overseeing the transaction. This…

Critical Deadline Looms for Congress to Prevent Government Shutdown As the September 30 deadline approaches, Congress must act swiftly to fund the federal government and avoid a disruptive shutdown. Expectations are high for a last-minute deal to be struck, as lawmakers are reluctant to face such a scenario just weeks before the upcoming election. Despite the likelihood of a “relatively clean” continuing resolution getting passed, Speaker Johnson’s political maneuvering remains complex. He aims to distance himself from internal conflicts within his party while maintaining Republican control. However, pressure from former President Trump to include new voter ID requirements in the…

Investing.com – Vice President Kamala Harris sees a slight increase in lead post-debate, according to new national polls. The Multibagger/Ipsos poll shows Harris leading by 5 percentage points, up from 4pp in the previous poll. Morning Consult also shows a rise from 3pp to 6pp. YouGov/Yahoo poll indicates a 5-point lead for Harris, compared to 1 point in August. ABC/Ipsos poll remains unchanged. Overall, Harris leads by 2-2.9 points in national averages. Swing state polls show a tight race between Harris and Trump. Prediction markets suggest a close competition, with Harris slightly ahead. CNBC Fed Survey reveals a shift in…

Breaking News: TG Therapeutics Releases Promising Data from ENHANCE Trial on BRIUMVI for Multiple Sclerosis Treatment TG Therapeutics, Inc. (NASDAQ: TGTX) has unveiled updated findings from its ENHANCE Phase 3b trial on BRIUMVI (ublituximab-xiiy), a breakthrough treatment for relapsing forms of multiple sclerosis (RMS). Presented at the European Committee for Treatment and Research in Multiple Sclerosis (ECTRIMS) annual meeting, the data indicates that BRIUMVI infusions are both safe and effective. The study focused on optimized dosing regimens, particularly the transition from prior anti-CD20 therapy in B-cell depleted patients. Chairman and CEO Michael S. Weiss expressed optimism about the convenience and…

Barclays Upgrades Victoria’s Secret Stock: Leadership Change and Inventory Management Spark Optimism Barclays has recently upgraded Victoria’s Secret & Co. (NYSE: VSCO) from “underweight” to “equal weight.” This shift in sentiment reflects a more balanced view of the stock’s risk and reward profile. Let’s break down the key reasons behind this upgrade and what it means for investors. Leadership Change Signals Positive Shift One of the most significant factors contributing to this upgrade is the new leadership at Victoria’s Secret. In September 2024, Hillary Super was appointed as the CEO. Super brings nearly three decades of retail experience, and Barclays…

By Marc Frank and Dave Sherwood As a top investment manager and financial market journalist, I am closely monitoring the latest developments in Cuba as the communist-run government implements new laws to regulate the private sector amid a deepening economic crisis. These new regulations are set to have a significant impact on the booming private businesses in the country. The measures, which come less than three years after the legalization of private businesses, aim to tighten control over the sector by ending incentives for new businesses, restricting independent wholesalers, and imposing new requirements for company applicants. Additionally, taxes will increase,…