Volvo's Polestar electric brand to go public through SPAC merger worth $20B

Inside look at Volvo Polestar 2 Gary Gastelu on new electric vehicle from Volvo Volvo-owned electric car brand Polestar has announced plans to go public through a merger with special-purpose acquisition company Gores Guggenheim at a $20 billion valuation, the companies announced Monday. Polestar was launched in 2017 by Volvo and its Chinese parent company, Geely, as a premium electric brand […]

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Merck nears deal to acquire Acceleron Pharma

Fox Business Flash top headlines for September 27 Check out what’s clicking on FoxBusiness.com. Merck & Co. is in advanced talks to acquire Acceleron Pharma Inc., according to people familiar with the matter, in a move that would bolster the pharmaceutical giant’s rare-disease business. Stocks in this Article The deal for Acceleron, which has a market value of around $11 […]

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CBA boss ‘increasingly concerned’ with rising property prices

The Commonwealth Bank of Australia’s chief executive Matt Comyn says he is increasingly concerned with rising house prices and household debt levels and has called for action to be taken sooner rather than later to stop the property market from overheating. The Reserve Bank of Australia (RBA) cautioned this week the nation’s soaring property prices and spiralling household debt could […]

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Sensex jumps over 200 points in early trade; Nifty tops 17,900

Maruti was the top gainer in the Sensex pack, rising over 2% Equity benchmark Sensex jumped over 200 points in early trade on September 27, led by strong gains in index majors HDFC Bank, ICICI Bank and Reliance Industries amid a largely positive global markets. After touching another lifetime high of 60,339.28, the 30-share Sensex eased slightly but was still […]

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Protein found on infected cells protects virus from immune system; remdesivir helps prevent hospitalization

FILE PHOTO: A laboratory technician shows Remdesivir, a drug used in the treatment of the coronavirus disease (COVID-19), at Eva Pharma facility in Cairo, Egypt June 1, 2021. Picture taken June 1, 2021. REUTERS/Mohamed Abd El Ghany(Reuters) – The following is a summary of some recent studies on COVID-19. They include research that warrants further study to corroborate the findings […]

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REFILE-MORNING BID-Teutonic shifts

(Adds chart) Sept 27 – A look at the day ahead from Danilo Masoni. The main takeaway from Sunday’s German election is that coalition talks to form the first post-Merkel administration could take weeks, if not months to conclude. The Social Democrats (SPD) and the conservatives both are seeking to lead a new government but at the moment, a so-called […]

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