Author: Multibagger News

BlackRock’s $12.5 Billion Acquisition of Global Infrastructure Partners Greenlit by U.S. Federal Energy Regulatory Commission SEO Title: BlackRock’s $12.5B Acquisition of Global Infrastructure Partners Approved by U.S. Energy Regulator – What It Means for Investors Introduction In a move poised to reshape the landscape of asset management and infrastructure investment, the U.S. Federal Energy Regulatory Commission (FERC) has approved BlackRock’s $12.5 billion acquisition of Global Infrastructure Partners (GIP). This landmark deal, initially announced earlier this year, involves BlackRock paying $3 billion in cash and issuing approximately 12 million of its shares to complete the transaction. Deal Breakdown BlackRock, the world’s…

Michael Thomas Henderson, CEO of Apogee Therapeutics, Sells Shares Worth $1.9 Million – What Does This Mean for Investors? Michael Thomas Henderson, the Chief Executive Officer of Apogee Therapeutics, Inc. (NASDAQ:APGE), recently sold a significant portion of his holdings in the company, totaling over $1.9 million. The strategic sale was executed on September 4, 2024, as part of a pre-arranged Rule 10b5-1 trading plan adopted on September 25, 2023. After the sale, Henderson still retains a sizable stake in Apogee Therapeutics with 1,394,487 shares in his possession. This insider transaction is closely monitored by investors for insights into company health…

Insider Trading Alert: Apogee Therapeutics Chief Medical Officer Sells $316K Worth of Company Stock In a recent transaction, Carl Dambkowski, the Chief Medical Officer of Apogee Therapeutics, Inc. (NASDAQ: APGE), sold 6,665 shares of the company’s common stock, resulting in proceeds exceeding $316,000. The sales were conducted under a prearranged trading plan and represent a notable change in Dambkowski’s investment position. Apogee Therapeutics has been making significant progress in its clinical trials, focusing on novel treatments for asthma and atopic dermatitis. The company’s financial position remains strong, with $790 million in assets expected to support its pipeline development into 2028.…

Goldman Sachs Revises OPEC+ Oil Production Expectations, Brent Crude Forecast at $74 – SEO Optimized Goldman Sachs has adjusted its expectations for OPEC+ oil production, now anticipating three months of production increases starting from December rather than October, according to a note released on Friday. This adjustment comes after OPEC+ agreed to postpone a planned oil output increase for October and November, citing low crude prices as the reason. Despite this delay, Goldman Sachs is maintaining its price range forecast of $70-85 per barrel and a December 2025 Brent forecast of $74 per barrel. The investment bank believes that the…

John Abbott Root Sells $2.1 Million Worth of First of Long Island Corp (NASDAQ:FLIC) Shares – What Does This Mean for Investors? In a recent transaction, John Abbott Root, a director at First of Long Island Corp (NASDAQ:FLIC), sold 166,633 shares of the company’s common stock at an average price of $12.7042, resulting in a total sale amount exceeding $2.1 million. This sale has left Root with zero shares in the company, as indicated by the latest SEC filing. The transaction took place on September 5th, 2024, and was reported to the Securities and Exchange Commission the following day. The…

Mexico’s Opposition Senators Unite Against Controversial Judicial Reforms – Investment Analysis In a surprising turn of events, Mexico’s opposition senators are coming together to block President Andres Manuel Lopez Obrador’s controversial judicial reforms. The proposed reforms, which would overhaul Mexico’s judiciary by electing judges through popular vote, are facing strong resistance. The ruling party Morena and its allies are currently one vote short of the two-thirds majority needed to pass the reform in the Senate. While most analysts still expect the ruling bloc to secure the necessary votes, the opposition is putting up a fight. President of the opposition PRI…

Investment Manager Reveals Shocking Rise in Phone Thefts in England and Wales In a recent incident, Akara Etteh had his phone stolen as he walked out of a Tube station in London. This is just one example of the estimated 78,000 “snatch thefts” that occurred in England and Wales in the year leading up to March, showcasing a significant increase from the previous year. Victims of this crime have reported devastating impacts, from losing valuable photos to having large sums of money stolen. Despite efforts by the police to target criminals responsible for these thefts, the prosecution rate remains low,…

Amphastar Pharmaceuticals Director Sells 3,000 Shares – What Does This Mean for Investors? Amphastar Pharmaceuticals, Inc. (NASDAQ: AMPH) director Floyd F. Petersen recently sold 3,000 shares of the company’s common stock, totaling approximately $139,417. This sale was disclosed in a recent SEC filing, with shares sold at an average price of $46.4724. Petersen now holds 75,409 shares directly in the company. Amphastar Pharmaceuticals is a company specializing in the development and marketing of generic and proprietary injectable, inhalation, and intranasal products. The recent sale by the director has caught the attention of investors, as insider transactions can provide insights into…

Russia Stocks Close Higher Amid Sector Gains: Key Performers and Market Analysis Investing.com – Russia stocks ended higher on Friday, driven by gains in key sectors despite some notable underperformers. At the close of trading in Moscow, the MOEX Russia Index rose by a modest 0.13%. Top Performers of the Session: Ros Agro PLC (MCX:) Surged 5.77% or 64.00 points, closing at 1,174.00. VK Company Ltd DRC (MCX:): Gained 3.01% or 10.20 points, ending at 349.00. ALROSA ao (MCX:): Increased by 2.94% or 1.43 points to finish at 50.15. Worst Performers of the Session: Gazprom PAO (MCX:): Dropped 0.63% or…

The End of an Era: China Halts Overseas Adoption of Children In a groundbreaking announcement, China has decided to no longer send children overseas for adoption, marking the end of a more than three-decade rule that was originally tied to its strict one-child policy. This move will have significant implications for families around the world who have adopted Chinese children, with over 160,000 children finding homes internationally since 1992. The decision was confirmed by Foreign Ministry Spokeswoman Mao Ning, who stated that China’s adoption policy will now align with international trends. This means that, aside from specific circumstances, China will…