Research Alliance Corporation IV Prices $75 Million IPO on Nasdaq
The special purpose acquisition company, sponsored by an affiliate of RA Capital Management, priced 7.5 million shares at $10 each and will target the healthcare sector.
Latest by James Okoro
Goldman Sachs Outlines 5 Strategies to Manage US Tech Concentration Risk
Goldman Sachs advises investors to diversify away from heavy concentrations in U.S. equities and technology stocks, proposing five strategies to manage risks while maintaining market exposure.
OmniAb Stock Jumps After Naming Life Sciences Veteran as New COO
Shares of biotechnology firm OmniAb Inc. climbed in premarket trading after the company announced it hired industry veteran Amechi Nwachuku for the newly created role of Chief Operating Officer.
FAA Clears SpaceX for Next Starship Launch After Closing May Mishap Investigation
The U.S. Federal Aviation Administration has closed its review into a booster failure during SpaceX's May flight test, a key step that allows the company to proceed with its next Starship launch from Texas, potentially this week.
Global Smartphone Shipments Fall 11% in Q2 to 13-Year Low, Counterpoint Reports
Second-quarter smartphone shipments dropped to their lowest level for the period since 2013, driven by a memory chip shortage that raised prices and hurt demand, according to data from Counterpoint Research.
Deutsche Bank: Yield Is Dominant Driver for FX Markets This Year
According to a new report from Deutsche Bank, interest rate differentials are the primary driver of foreign exchange markets this year, favoring carry trade strategies over broader risk sentiment.
Bond Yields Stabilize After U.S.-Iran Conflict Triggers Inflation-Driven Sell-Off
U.S. Treasury and German Bund yields steadied on Friday after a sharp two-day sell-off driven by fears that escalating U.S.-Iran tensions and surging oil prices could reignite inflation.
Euronext Wheat Hits Six-Week High on Black Sea Shipping Disruption Fears
European wheat futures surged over 4% amid market speculation that Russia could close the Sea of Azov to shipping, raising concerns about supply disruptions from the world's largest wheat exporter.
Ukraine Establishes 'Long-Range Impact' Command to Systematize Strikes on Russia
President Volodymyr Zelenskiy announced the creation of a new military command dedicated to long-range attacks, formalizing a strategy that has already disrupted Russian energy production and key shipping routes.