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09:48
Merck KGaA Group agrees to acquire Bio-Techne for $73 per share in cash
Jinse Finance reported that a certain exchange group has agreed to acquire Bio-Techne Corporation in cash at a price of $73 per share.
09:40
Strategist: The normalized profitability level of Micron may have risen significantly
Golden Ten Data reported on June 25 that Micron stated that once all supply agreements are completed, contracts signed at fixed prices or with a cap close to current levels are expected to account for about 40% of its revenue. At the same time, these contracts also include price floors, with Micron saying this will result in gross margins “well above” the peak of any previous cycle. “This data is important evidence for the memory supercycle theory, but I would not permanently overvalue Micron simply because of an all-time high annualized gross margin,” said Futurum Chief Market Strategist Shay Bolor. “The right understanding is not that cyclicality has disappeared, but that its normalized profitability level may have risen significantly, and the next downturn cycle may be more protective than investors have previously come to expect.”
09:39
Bank of America revises Bank of England rate cut forecast, now expects a 0.25% cut in November 2027
Bank of America has adjusted its forecast for the Bank of England’s rate cut path, now expecting a 0.25% rate cut in November 2027, compared to the previous prediction of three rate cuts.
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