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πŸ’Š AbbVie Acquired Cerevel For $8.7B. $60M+ VC Funding.

Daily Impact Deals #150 looks at major deals and M&A in impact industries, and upcoming economic releases.

Zdravo 🍷

πŸ“ˆ Today's Global Economic Update: Italy's economy grew by 0.2% in Q2 2024 and 0.9% YoY. Q1 quarterly growth was confirmed at 0.3%, with the YoY rate revised to 0.6%. This steady growth suggests a gradual economic recovery, though the pace remains modest.

βš•οΈ Deal of the Day: Healx, a UK-based AI-enable biotech company, raised a $47M Series C to use the proceeds to advance its pipeline of medicines.

What's New?
🌍 Climate.
Logistics, petroleum
🩺 Health. BioTech, pharmaceuticals
πŸ“… Economics. Balance of trade data, employment data, inflation data + more

🌍 Climate


πŸ“¦ Onepak, a Boston-based digital supply chain and reverse logistics platform for IT hardware and e-waste, raised $20M from Nuveen to expand operations.

β›½ Occidental Petroleum, a US-based oil company acquired CrownRock, L.P. for $12B, to bolster its Permian Basin operations.

🩺 Health


βš•οΈ Healx, a UK-based AI-enable biotech company, raised a $47M Series C from R42 Group and Atomico to use the proceeds to advance its pipeline of medicines.

πŸ’ŠAbbVie, an Illinois-based pharmaceutical company, acquired Cerevel Therapeutics for $8.7B, a Massachusetts-based biopharmaceutical company.

πŸ‘¨β€βš•οΈ Otsuka, a Japanese pharmaceutical company, acquired Jnana Therapeutics for $800M, a Massachusetts-based biotech company.

πŸ“… Economic Calendar

Balance of Trade Data, Employment Data, Inflation Data + More

Friday, August 2nd 2024

πŸ‡ΊπŸ‡Έ US Employment Data, July

Monday, August 5th 2024

πŸ‡ΊπŸ‡Έ ISM Services PMI, July

Tuesday, August 6th 2024

πŸ‡¦πŸ‡Ί RBA Interest Rate Decision

Wednesday, August 7th 2024

πŸ‡©πŸ‡ͺ Germany's Balance of Trade
πŸ‡¨πŸ‡¦ Canada Ivey PMI, July
πŸ‡¦πŸ‡Ί NAB Business Confidence Index, July
πŸ‡¨πŸ‡³ China Balance of Trade, July

Thursday, August 8th 2024

πŸ‡¨πŸ‡¦ Canada Balance of Trade, June
πŸ‡¨πŸ‡³ China Inflation Data, July

Friday, August 9th 2024

πŸ‡¨πŸ‡¦ Canada Employment Data, July

Monday, August 12th 2024

πŸ‡¦πŸ‡Ί Australia Westpac Consumer Confidence Data, August

Tuesday, August 13th 2024

πŸ‡¬πŸ‡§ UK Unemployment Data, June
πŸ‡©πŸ‡ͺ Germany ZEW Economic Sentiment Index, August
πŸ‡ΊπŸ‡Έ US PPI MoM, July

Wednesday, August 14th 2024

πŸ‡¬πŸ‡§ UK Inflation Data, July
πŸ‡ΊπŸ‡Έ US Inflation Data, July
πŸ‡―πŸ‡΅ Japan GDP Data (Preliminary), Q2
πŸ‡¨πŸ‡³ China Industrial Production Data, July
πŸ‡¨πŸ‡³ China Retail Sales Data, July

Thursday, August 15th 2024

πŸ‡¬πŸ‡§ UK GDP Data, June
πŸ‡ΊπŸ‡Έ US Retail Sales Data, July

Friday, August 16th 2024

πŸ‡¬πŸ‡§ UK Retail Sales Data, July
πŸ‡ΊπŸ‡Έ US Building Permits Prel, July
πŸ‡ΊπŸ‡Έ US Michigan Consumer Sentiment Prel, August


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