Mortgage applications are on the rise, thanks to record low rates. The Federal Reserve plans to keep interest rates close to zero for the foreseeable future, making financing even more affordable. “Housing is likely to emerge as the winner of this crisis,” said Esti Dwick, head of global market strategy …
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Reuters Gilead said on Sunday it had agreed to acquire the cancer-drug company Immunomidics for 21 billion. Immunomedic shares rose 106% on Monday following the news. Immunomidics, used to treat various forms of breast cancer, sells Drodelvi and is being evaluated for other possible signs of cancer. Trodelvie was approved …
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Bill Pugliano / Getty The 5 70,570 million bet on Berkshire Hathaway’s Snowflake shows that CEO Werner Buffett has full confidence in his two portfolio managers, Todd Kombs and Ted Wessler, a fund manager says. “Buffett has given his lieutenants full agency,” Jack Taylor, CEO of Farnam Street Investments and …
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Reuters Bloomberg reported on Thursday that social capital Hidosophia Holdings Corp. II, the “blank check” is being discussed in public by Openandur through a partnership with the company or SPAC, Bloomberg reported on Thursday. Opendur is a property technology company that buys homes directly from sellers, makes some improvements to …
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The San Francisco skyline, orange mist is obscured Wednesday. AFP / Getty Images JPMorgan Chase & Co. entered the green-bond world on Wednesday, dropping the first set of bank bonds specifically to fund sustainability curve projects. While the banking company has arranged debt for its customers and other companies for …
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