Each week we highlight five things affecting the life sciences industry. Here’s the latest. FTC appointments possibly signal decreased scrutiny on biopharma M&A President-elect Donald Trump’s nomination of Andrew Ferguson and Mark Meador to the Federal Trade Commission signals a potential shift toward a more business-friendly antitrust approach, focusing on … … READ MORE >
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Bank of Canada cuts interest rate to 3.25% as focus shifts to gap with U.S.
The Bank of Canada lowered its interest rate to 3.25 per cent — an overdue move out of restrictive territory given that inflation has largely been tamed. Expect more rate cuts in early 2025 to get the economy onto an expansionary trajectory. The policy rate should come down to 2.75 … … READ MORE >
Asset management firms are optimistic on Q3 earnings calls as private asset demand rises
Firms mostly focused on increasing inflows and fee revenues, as well as growing their assets under management in Q3; some even reported the best results in their history. … READ MORE >
Inflation ticks up amid seasonal factors and strong growth
November marked the first month since April when overall CPI inflation grew by 0.3% monthly, or 3.7% annualized, well above the Fed’s 2% target. … READ MORE >
Holiday season business insights: Digital sales shine in early numbers
Initial holiday sales numbers reveal single-digit year-over-year growth driven by robust e-commerce activity. … READ MORE >
Morning market minute: Firms to pull forward durable goods orders to avoid tariffs
Firms appear to be acting rationally to avoid rising import taxes in the new year. … READ MORE >
Canada’s job market cools as unemployment rises to 6.8%
The unemployment rate increased by 0.3 percentage points to 6.8 per cent — the highest since January 2017—as more people looked for work. … READ MORE >
Giving Tuesday results highlight important trends for nonprofit fundraisers
Giving Tuesday 2024 was a smashing success, accounting for an estimated $3.6 billion in donations from over 36 million people in the U.S. alone. … READ MORE >
Hiring rebounded in November following weather-distorted October report
After the distortions In October’s jobs report caused by two hurricanes, the American labor market bounced back in November with the creation of 227,000 jobs. … READ MORE >
5 things to know in life sciences: Week of December 2, 2024
Each week we highlight five things affecting the life sciences industry. Here’s the latest. … READ MORE >