03 June

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Linker bonds: inflation-proof or inflated expectations? By Reuters

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(Removes erroneous reference in para 20 to Columbia in Candriam's overweight positions) By Dhara Ranasinghe and Abhinav Ramnarayan LONDON (Reuters) - Investors are piling into bonds offering protection from rising consumer prices as they brace for the strongest period of global inflation in more than a decade, but could the market be overplaying the risk of a price surge? U.S. breakeven rates, which reflect bond market inflation expectations, signal inflation in the years ahead of 2.4%-2.6% in the United States, sparking demand for U.S. Treasury Inflation-Protected Securities (TIPS). Inflows of $2 billion during the week to...

03 June

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Bank of England aims for net-zero emissions before 2050 By Reuters

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By David Milliken LONDON (Reuters) - Bank of England Governor Andrew Bailey said on Thursday that the central bank would cut the carbon emissions from printing banknotes and running its buildings to net zero by 2050 at the very latest. British finance minister Rishi Sunak changed the BoE's mandate in March to require it to support the government's goal of reducing greenhouse gas emissions to net zero. "I can confirm today that the Bank is committing to reduce emissions from our physical operations so they will be consistent with net-zero by 2050 at the latest," Bailey...

03 June

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NetApp Gains On Robust Results, Higher Dividend, New Buyback By Investing.com

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By Dhirendra Tripathi Investing – NetApp (NASDAQ:NTAP) shares rose close to 3% after reporting sold earnings for its fourth quarter ended, boosting its divided and increasing its share repurchase plan. Net revenue of $1.56 billion was 11% higher than a year ago on the back of the company grabbing a higher market share in key storage markets and its public cloud service reaching scale. For the ongoing fiscal year, net revenue is expected to rise 6% to 7%, according to the company’s estimates. GAAP net income in the fourth quarter rose 70%, to $334 million,...

03 June

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Telehealth startup Babylon to go public via $4.2 billion SPAC deal By Reuters

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By Krystal Hu and Sohini Podder (Reuters) -British online health startup Babylon Health said on Thursday it has agreed to go public in the United States through a merger with a blank-check firm led by former Groupon chief Rich Williams (NYSE:WMB), at a pro-forma equity valuation of $4.2 billion. The deal with Alkuri Global Acquisition Corp will provide up to $575 million in gross proceeds to Babylon, including $230 million private placement from investors such as AMF Pensionsförsäkring and Palantir Technologies Inc. Founded in 2013, Babylon provides video medical appointments and AI-powered diagnoses. It has...

03 June

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Alphabet’s Waymo partners with Google Maps to offer autonomous rides By Reuters

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(Reuters) - Alphabet (NASDAQ:GOOGL) Inc's self-driving unit Waymo said on Thursday it had partnered with Google's Maps to let users book fully autonomous ride-hailing services through the app. The service, called Waymo One, will be added in the "ride-sharing and transit" tabs of the Maps app, Waymo said. Waymo One currently offers fully autonomous rides in the East Valley of Phoenix, Arizona. Waymo, formed in 2009 as a project within Alphabet's Google unit, is widely considered the leader in developing self-driving technology. But is years away from building large-scale businesses, while rival Tesla...

03 June

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France’s pension reform cannot go ahead as planned – Macron By Reuters

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PARIS (Reuters) - French President Emmanuel Macron's planned reform of the pension system cannot go ahead as planned in the wake of the COVID-19 crisis, he said on Thursday, retreating on one of the signature reforms he promised to push through when he came to office. "I do not think that the reform as it was originally envisaged can go ahead as such," Macron told reporters. "It was very ambitious and extremely complex and that is why it generated anxiety, we must admit that. Doing it right now would mean ignoring the fact that there...

03 June

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Norway and Britain have agreed a post-Brexit trade deal – media reports By Reuters

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OSLO (Reuters) - Norway and Britain have reached an agreement on their post-Brexit trade relations, Norwegian state broadcaster NRK and news agency NTB said on Thursday, citing anonymous sources. Following the British departure from the European Union last year and a transition period that ended in December, Britain and EU outsider Norway have relied on temporary trade arrangements since the start of 2021. ...

03 June

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Tilray Jumps as Tailwinds Ahead: Cantor Fitzgerald By Investing.com

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By Christiana Sciaudone Investing.com -- Tilray (NASDAQ:TLRY) jumped more than 10% after Cantor Fitzgerald resumed coverage with a buy-equivalent rating. Analyst Pablo Zuanic sees favorable tailwinds in the months ahead thanks to post-Covid demand recovery and U.S. deregulation, StreetInsider reported. Shares of Tilray have slumped about 70% since they hit a record in February amid the meme stock madness, which saw retail traders drive up the value of certain companies in a bid to hurt institutional investors who were betting against them. Aphria (NASDAQ:APHA) and Tilray completed a $4 billion merger last month, combining the former's...

03 June

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EasyJet slams UK change to Portuguese travel as “huge blow” By Reuters

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LONDON (Reuters) - British airline easyJet (LON:EZJ) said Britain's decision to remove Portugal from its green list for quarantine-free travel is a "huge blow" and said the government was making it impossible for airlines to plan. EasyJet said that it had received a verbal briefing from the UK's Department for Transport on Thursday where it also found out that no more countries would be added to the green list, a policy it said made "no sense" given falling case numbers across Europe. "This decision essentially cuts the UK off from the rest of...

03 June

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Bristol-Myers is sued for $6.4 billion over delayed cancer drug By Reuters

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By Jonathan Stempel NEW YORK (Reuters) - Bristol Myers Squibb Co was sued for $6.4 billion on Thursday for allegedly delaying its Breyanzi cancer drug to avoid payments to shareholders of the former Celgene Corp (NASDAQ:CELG), which the drugmaker bought in 2019. According to a complaint in Manhattan federal court, Bristol Myers failed to use contractually required "diligent efforts" to win U.S. Food and Drug Administration approval for the non-Hodgkin lymphoma drug by a Dec. 31, 2020, deadline. By missing the deadline, Bristol Myers was excused from owing an additional $9 in cash to...

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Linker bonds: inflation-proof or inflated expectations? By Reuters

Bank of England aims for net-zero emissions before 2050 By Reuters

NetApp Gains On Robust Results, Higher Dividend, New Buyback By Investing.com

Telehealth startup Babylon to go public via $4.2 billion SPAC deal By Reuters

Alphabet’s Waymo partners with Google Maps to offer autonomous rides By Reuters

France’s pension reform cannot go ahead as planned – Macron By Reuters

Norway and Britain have agreed a post-Brexit trade deal – media reports By Reuters

Tilray Jumps as Tailwinds Ahead: Cantor Fitzgerald By Investing.com

EasyJet slams UK change to Portuguese travel as “huge blow” By Reuters

Bristol-Myers is sued for $6.4 billion over delayed cancer drug By Reuters

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